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According to sources in OPEC Plus, Saudi Arabia and the UAE have achieved a deal on the oil production agreement, and the UAE will receive a higher reference production level of 3.65 million barrels per day in future oil agreements. After a lack of consensus disrupted the increase in oil…
The performance of the Gulf stock exchanges varied during today’s trading session. The Saudi Stock Exchange index rose by 0.1%, gaining 10.20 points, to close at 10,698.54. Highlights: The general index of the Bahrain Financial Market rose 0.25%, gaining 4.90 points, and closed at 1578.92 points. The general index of…
The Executive Committee approved keeping gasoline prices for June of 2021 as following gasoline octane 91 (SR 2.18) and gasoline octane 95 (SR 2.33). The decision came from the leadership’s keenness to reduce the living burdens on citizens and residents and its continuous quest to achieve the public interest and…
Faisal bin Turki Al Said, the Sultanate of Oman’s Ambassador to Saudi Arabia, emphasised the depth of the two countries’ strong ties over the years, referring to a new trend in the Sultanate that keeps up with what is happening in the Kingdom in line with Vision 2030. “There is…
The Ministry of Transport and Logistics Services in Saudi Arabia reviewed the most prominent features of the National Strategy for Transport and Logistics Services during a press conference yesterday. The Ministry also reviewed the general frameworks of the strategy and its development, economic and service dimensions. The press conference included…
Minister of Industry and Mineral Resources Bandar Al-Khorayef revealed that Saudi non-oil products had reached 178 countries worldwide. During a meeting organized by the Hail Chamber with several investors and business people, he explained that the Kingdom has worked on developing the industrial sector since the seventies. The first development…
The Governor of the Saudi Central Bank, Fahd Al-Mubarak, said that the recent decline in foreign exchange reserves is due to the time gap between import payments and export income. The central bank’s net foreign assets, a measure of the kingdom’s ability to peg its currency to the dollar, fell…
Egypt’s Minister of Planning and Economic Development, Dr Hala El-Said, who is also acting as chairperson of the National Wages Council (NWC), stated that the announcement of reaching a minimum wage in the private sector is an important step. She added that NWC, through its various committees, tried to achieve…
The Saudi ambassador to the USA, Princess Rima, affirmed that the Kingdom’s Vision 2030 has contributed to creating more opportunities for women in the KSA. She urged Saudi women to take advantage of programs designed to enhance their skills in various economic sectors. According to the Saudi Press Agency SPA,…
The National Transport and Logistics Strategy, introduced by Saudi Crown Prince Mohammed bin Salman, intends to strengthen the Kingdom’s position as a worldwide logistics hub connecting the three continents and improve services and all modes of transportation. It also aims at enhancing integration in the logistics system and modern modes…
LEADERS MENA MAY 2023