Saudi Energy Minister Khalid al-Falih speaks during the Gulf Intelligence Saudi Arabia Energy Forum in Riyadh. File
Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant. State-owned Aramco›s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi company›s eventual initial public offering.
The United Arab Emirates has strongly condemned the drone attacks on two pump stations on Saudi Aramco’s East-West pipeline.
It was a stark warning about the risks ahead for the global economy, even by the forthright standards of the boss of the Organisation for Economic Co-operation and Development (OECD).
Nasher, the UAE’s first website dedicated to all matters related to the publishing industry, organised a Ramadan panel discussion ‘UAE Youth and Investment in the Publishing Sector’, to discuss the reality of publishing industry and the key role of Sharjah Publishing City Free Zone (SPCFZ) in supporting this sector.
Prime Minister of Mali, Boubou Cisse, has been briefed on the role played Khalifa Fund for Enterprise Development in ramping up the SMEs sector in the country. This came as the African premier and his accompanying delegation visited the Fund’s premises Thursday
China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone