Global Oil Production Plummets In May
The month of May saw a daily decrease of 10.04 million barrels compared to April 2020, according to figures from the Organisation
Oman’s FAERC assess global developments
Oman’s Financial Affairs and Energy Resources Council (FAERC) held its fourth meeting of the year under the chairmanship of Darwish bin Isma’eel
Aramco takes over SABIC
Aramco has announced the successful acquisition of 70% stake in chemical manufacturer, Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund
Fitch’s India rating down to ‘negative’
International rating agency Fitch cut its outlook on India’s sovereign rating to “negative” from “stable”. It also forecast a 5 percent contraction
Al-Habtoor plans investment drive in Europe
UAE’s hospitality major, Al-Habtoor Group is reportedly planning a major investment move in Hungary and several other central European countries. The company
Central Bank reviews TESS
The Board of Directors of the Central Bank of the UAE (CBUAE) during its 6th meeting of the year, reviewed the functioning
FDI in Saudi grew 7% in 2019
According to the World Investment Report 2020 published by the United Nations Conference on Trade and Development, Foreign direct investment in Saudi
Amazon starts business in Saudi Arabia
E-commerce giant Amazon and the largest such platform in the Arab world, Souq has launched Amazon.sa in Saudi Arabia to replace the
Saudi fund rolls out $1bn stimulus plan to help industry
The Saudi Industrial Development Fund (SIDF) has come up with a pandemic stimulus plan to push the industries into momentum. The SIDF
Cisco Webex now supports three times its normal volume
Leading enterprise video conferencing solution Cisco Webex is now witnessing a huge jump in its business due to the unprecedented shift to