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Saudi Fund for Development inaugurated new infrastructure projects in Djibouti worth US$ 137 million
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Resort, hotels and plots of land up for grabs in the awaited Jewels of Madina public auction
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Australia-based Avass Group signs MoU with HRH Prince of Saudi Arabia to manufacture electric vehicles, lithium batteries

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Indonesia conducts test flight using jet fuel mixed with palm oil

Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to commercialise the fuel as it seeks creative ways to use the edible oil domestically. The plane flew

Dur Hospitality inaugurates the Holiday Inn & Suites Al Jubail Hotel

In continuation of its strategy to expand and develop hotel offerings in Saudi Arabia. In line with its rigorous expansion strategy, Dur Hospitality has inaugurated the 4-star Holiday Inn & Suites in Al Jubail Industrial area, adding a new

Oil producers may struggle to gauge demand amid second coronavirus wave: energy watchdog

Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a second wave is slowing demand and will complicate efforts by producers to balance the

OPEC+ panel to meet amid oil price decline

OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand

Crunch meeting of oil alliance over cuts in output

Energy ministers from OPEC+, the oil alliance led by Saudi Arabia and Russia, are preparing for a crucial meeting on Thursday amid signs that the

Oil slides 5% to lowest level since June on demand fears

Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand recovery could weaken as coronavirus

Oil prices stabilize as Saudi crown prince talks peace

JEDDAH: Oil prices stabilized on Monday after Saudi Crown Prince Mohammed bin Salman called for diplomatic solutions to the crisis with Iran and the war in Yemen. Armed conflict with Iran would be catastrophic for global growth, the crown prince

Suqia Announces Details of 2nd Mohammed Bin Rashid Al Maktoum Global Water Award, with Prizes Totalling USD1 Million

HE Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of the UAE Water Aid Foundation (Suqia), announced details of the 2nd Mohammed bin Rashid Al Maktoum Global Water Award, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice

Gulf Insurance Group – Kuwait Selects Beyontec Suite to Drive Digital Operations

Beyontec, a global insurance information and technology solutions provider with significant business presence in Kuwait and Middle East Region today announced that it has been selected by Gulf Insurance Group Kuwait (gig-Kuwait) to implement the