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Oil prices rose to the highest level in a year upon settlement of trading on Wednesday, with the continued decline in US inventories and expectations of a decrease in supply from crude producers. Data from the Energy Information Administration revealed that US oil inventories fell by one million barrels last…
The President of King Abdullah City for Atomic and Renewable Energy Khaled Al-Sultan asserted that the Kingdom is working to build a sustainable renewable energy sector that includes industries, services, localization of technologies, and the qualification of human cadres by defining the main frameworks for building the sector. “The Ministry…
The Kingdom of Saudi Arabia succeeded in confronting the new Corona pandemic, as it was one of the first countries to sense the danger of the Coronavirus (Covid-19) and one of the first countries that took precautionary measures and dealt with this epidemic with full transparency and seriousness to protect…
“Our ambition is to build a more prosperous country, in which every citizen can find what he wants.” With this strong challenge and serious determination, the architect of bold decisions and ambitious vision, Crown Prince Mohammed bin Salman, spoke about the ambition and will of the Saudis in the pursuit…
The president of Saudi Aramco company, engineer Amin Al-Nasser, said that the purchase of “SABIC” shares from the Public Investment Fund was carried out on purely commercial grounds. Al-Nasser explained that the evaluation of the selling price relied on a long-term view of value creation and not on considerations, the…
The Saudi minister of finance, Mohammed Al-Jadaan, has declared in an interview with “al Arabiya” that Saudi Arabia had spent more than SR 180 Billion to face the pandemic of coronavirus. Saudi Arabia is going through a wide range of options to deal with the pandemic, but the government of…
In every crossroads, there are always losses as well as opportunities. COVID-19 has turned up the scale of the world economy. So, industries got affected by the stay-home policy that most of the countries have imposed. There are significant industries that got disturbed by the pandemic of coronavirus; their revenue…
Egypt achieved progress in the electricity domain over the past five years, said director of the energy sector at the African Union Commission Cheikh Bedda on Sunday. During the opening session of Al Ahram third energy conference, Bedda called for enhancing the institutional framework to boost power linkage projects among…
MOHAMED IQBAL LATONA is the first ambassador of the Republic of Mauritius to Saudi Arabia. Alexander Woodman sat down with Ambassador Latona to discuss the development of bilateral relations between the two countries. Until a year ago Mauritius did not have an embassy in Saudi Arabia. As your country’s first…
The August 2018 chart book by Jadwa Investments provides useful insights into Saudi Arabia’s economy. Real economy Data for June showed mixed economic activity. While PoS transactions were up 6.8 percent year-on-year, ATM transactions were down 4.4 percent, reflecting slower activity during the eid al-fitr holidays. Cement sales continued to drop, with a…
