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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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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

‘Made in Saudi’ to boost non-oil exports

The Saudi Export Development Authority will launch a “Made in Saudi” initiative in the first quarter of 2021 to accelerate the industrialization process and transform the Kingdom into “a global industrial

Saudi Arabia’s Red Sea Development Company signs $2bn worth of contracts to date

RIYADH: The Red Sea Development Company (TRSDC), which is behind the Kingdom’s flagship international tourism project, has signed SR7.5 billion ($2 billion) worth of contracts to date, the Saudi Press Agency reported. More than 70 percent

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,

Saudi Arabia looks to cut spending in bid to shrink deficit

Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks to reduce its deficit. This

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

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 infections flare up around the world. Coronavirus cases rose in 22 of the 50 US states, a Reuters

Saudi quarantine offers temporary lifeline to struggling hotels

Saudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an industry struggling just months after tourist visas were launched. Faced with nearly 4,500 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

Poor air quality: Malaysia tells citizens to stay indoors

As Malaysia’s haze problem worsened on Wednesday, some areas of the country recorded readings above 200 on the Air Pollution Index (API), which officials considered “very unhealthy.” More than a million primary and high-school