The Federation of UAE Chambers of Commerce and Industry in partnership with the Dubai Chamber of Commerce and Industry and the Saudi Food and Drug Authority recently hosted a workshop for UAE business and stakeholders interested in exporting to Saudi Arabia.
Higher public spending will push Saudi Arabia’s budget deficit to 7 per cent of gross domestic product (GDP) this year, the International Monetary Fund (IMF) said, a forecast well above the government’s own projection. The IMF’s forecast assumes that Saudi oil output will average 10.2 million barrels a day and oil prices
RIYADH: Saudi Arabia’s non-oil private sector saw strong growth in both output and new orders at the start of the second quarter. Despite the improved demand environment and increased optimism among firms towards the outlook, employment showed little change.
The UAE and Saudi Arabia signed an authorised economic operator (AEO) agreement. The agreement aims to improve the customs cooperation between the two countries and facilitate trade, in implementation of the outcomes of the Al Azm Retreat, approved by the Saudi-Emirati Coordination Council.
Dubai: In the first quarter of 2019, Saudi Arabia led the Mena IPO market raising a cumulative value of $58.3 million in capital, contributed by the listing of Saudi software and services company, Al Moammar Information Systems Company (Saudi SE) on Tadawul, according to the latest EY Mena IPO Eye report.
First Abu Dhabi Bank (FAB) has officially inaugurated its Saudi Arabia operations during a ceremony at its new Riyadh branch. The opening is a key milestone in FAB’s international expansion plans that will help to further strengthen commercial ties between the United Arab Emirates and Saudi Arabia.
The affected states stressed that the attacks endangered international commercial navigation and the security of global energy supplies, and threatened international peace and security.
The world cannot afford a major confrontation in the Gulf, UN chief Antonio Guterres warned on Thursday, as the Security Council prepared to meet to discuss suspected attacks on two oil tankers in a strategic sea lane.
The video, published on Thursday on the US Central Command's website, purports to show the crew of an Iranian patrol boat removing an object from the hull of a vessel whose markings appear to match archive footage and pictures of the Japanese-owned tanker Kokuka Courageous.