RIYADH: Oil prices pulled back from a three-month high on Wednesday as industry data showed an increase in US crude inventories. Brent crude futures slipped 24 cents, or 0.29 percent, to $83.40 a barrel by 11:21 a.m. Saudi time, while US West Texas Intermediate crude was at $79.37 a barrel, down 26 cents, or 0.33 percent. US …
JEDDAH: HealTec, the first Saudi manufacturer of prostheses, was launched earlier this month, marking a major step in modernizing healthcare and transforming lives in the Kingdom. The innovative facility offers people in need hope and newfound mobility as a symbol of the advancements made in the medical field. According to a 2020 report by Invest …
RIYADH: Qatar, along with other Gulf countries, is seeing significant growth in non-oil activities as the region diversifies and seeks independence from oil, as shown by figures highlighted by the country’s prime minister. Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani stated his country’s non-oil sector grew by 9.9 percent in the fourth quarter of 2022, …
LONDON: The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the UK economy, the Washington-based fund said domestic demand had proven more resilient than anticipated in the face of the surge in energy costs.
