Saudi

Saudi Arabia’s banking sector returned a sturdy industry performance, highlighting a year-on-year (YoY) increase in net profit by 22.83% in Q1 2022. Total assets of the banking industry have also increase by 3.75% as compared to…

A House committee said on Thursday that it was investigating whether Jared Kushner, former President Donald J. Trump’s son-in-law and former adviser, traded on his government position to land a $2 billion investment in his new private…

All eyes are on whether Saudi Arabia will raise crude production if Russia's output significantly falls following European Union oil sanctions.Andrey Rudakov | Bloomberg | Getty ImagesOil prices dropped following a report that Saudi…

Cairo - Aluminum Products Company (ALUPCO), an affiliate with Olayan Group, and Egyptian OCTA International have signed a memorandum of understanding in Cairo in the presence of Egyptian Minister of State for Military Production Mohamed…

Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban on Russian oil imports.Prince Abdulaziz bin Salman, the…

RIYADH: If the number of events held at the Riyadh Season entertainment festival is any measure of success, then Saudi Arabia’s live music industry is set to become the biggest driver of the domestic entertainment business. Organized…

RIYADH: The Engineering Export Council of Egypt has reported the highest ever leap in Egypt’s engineering exports, of 45 percent during the first 11 months of 2021. Exports of electrical appliances increased by 41 percent, cables…

The Esso Fawley Oil Refinery, operated by Exxon Mobil, stands in Fawley, U.K., on Thursday, May 14, 2020.Luke MacGregor | Bloomberg | Getty ImagesOil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised…

LONDON: Cryptocurrency investment is not for the faint of heart – bitcoin had another volatile year, soaring from $29,405 at the beginning of the year to as high as $67,554 on Nov. and was trading at $50,908 on Friday.Yet, 2021 was the…