Saudi Arabia’s World Defense Show 2024 to woo investors, attract wider audience RIYADH: The World Defense Show 2024 is gearing up to be a significant global event, and one of the key highlights is Turkiye’s debut. The show, scheduled for February next year, will witness the presence of 29 Turkish defense companies, making it one of …
Updates
Oil Updates — crude prices rise as supply tightness in focus
Saudi Vision 2030 offers ‘tons of opportunities’ for IT firms — Pakistani tech magnate KARACHI: Saudi Arabia’s diversification of its economy under the Vision 2030 offers “tons of opportunities” for information technology-based companies, CEO of a Pakistani tech giant said on Tuesday, stressing on “diversification and specialization” as the key to benefit from these opportunities. …
Oil Updates — crude rebounds on speculations of OPEC+ supply cuts
RIYADH: Crude prices went up on Wednesday after US fuel supplies tightened and a warning from the Saudi energy minister to speculators raised the prospect of further output cuts from the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. Brent crude futures rose 56 cents, or 0.73 percent, to $77.40 a …
Oil Updates — Crude slips; BP says Ukraine war will accelerate transition to clean energy
DUBAI: The GCC bloc, with its strategic location and fast-growing economies, can be a latter-day Venice, balancing between East and West, according to Paul McGrade, a former UK government adviser and an expert on UK and European trade policy, who was speaking as the GCC and the UK prepare to launch the third round of …
Oil Updates — Oil prices gain; Rising supply from Kuwait, Russia to weigh on Asia fuel
RIYADH: As Saudi Arabia successfully emerges from the shadow of the COVID-19 pandemic, hotels and businesses in the holy cities of Makkah and Madinah are experiencing a revival thanks to an increased flow of Umrah pilgrims. The Kingdom’s hotel, restaurant, transportation, food and commercial sectors have benefited from the influx of Umrah pilgrims, according to …