RIYADH: Economic data is set to be enhanced in Saudi Arabia after the General Authority for Statistics signed an agreement with a leading business group. The goal of the newly signed memorandum of understanding is to contribute to the development and enhancement of information that supports policymakers in both the public and private sectors. The head of […]
Saudi-Indonesian trade increased 35% in 2022 compared to previous year
The central banks of the United Arab Emirates and Egypt have agreed to a currency exchange deal, which could bolster the struggling Egyptian economy. A joint news release on Thursday said the agreement would allow the two central banks to exchange up to five billion Emirati dirhams and 42 billion Egyptian pounds, or roughly the equivalent […]
RIYADH: Trade and economic relationships between the UAE and Thailand are poised for significant growth as both nations prepare to sign a Comprehensive Economic Partnership Agreement amid ongoing negotiations, according to a senior envoy. Sorayut Chasombat, ambassador of Thailand to the UAE, stated during a media briefing that the CEPA is expected to contribute $300 million to the country’s gross domestic […]
RIYADH: The Council of Economic and Development Affairs in Saudi Arabia held a virtual conference to discuss a slew of economic issues, the Saudi Press Agency reported. During the meeting, they discussed reports, presentations and topics on its agenda, including the periodic presentation submitted by the Ministry of Economy and Planning on local and global […]
NEW DELHI: In a significant move aimed at nurturing the startup ecosystems in India and Saudi Arabia, the two nations unveiled the Startup Bridge initiative at an investment summit held in New Delhi on Monday. Under this program, India’s Commerce and Industry Ministry, Invest India and the Federation of Indian Chambers of Commerce and Industry […]
Saudi Arabia’s oil output for October, November, and December will be approximately 9 million barrels per day
SINGAPORE: Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations that the Organization Petroleum Exporting Countries and allies, known as OPEC+, oil producers would extend output cuts to the end of the year. The US West Texas Intermediate […]
Tokyo aims to strengthen its ties with oil-producing countries to ensure stable energy supplies from the Middle East
RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman on Sunday launched a SR750 million ($200 million) fund for early investment in local and international high-tech companies, the Saudi Press Agency reported. The initiative is part of a strategy announced for the King Abdullah University of Science and Technology. It aims to transform research into economically […]
