S. Arabia’s NHC, China’s CMEC to build 20K housing units
Saudi Arabia's National Housing Company (NHC) has partnered with China Machinery Engineering Corporation (CMEC) to…
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Saudi Arabia
Tadawul to see influx of IPOs
Saudi Arabia boasts over ten companies eagerly awaiting to embark on initial public offerings (IPO) on its stock…
S. Arabia’s AI fund open to divest from China at US request
The head of Saudi Arabia's new $100 billion tech investment fund, Alat, signaled a willingness to sever ties with…
Aramco’s net income falls 14.4% in Q1 ’24 – report
Saudi Arabia's Aramco reported on Tuesday a 14.4 per cent decline in net income for the first quarter of 2024, due…
India resumes purchasing Russian crude oil
Indian Oil Corp. resumed its purchase of Russian crude oil transported via a tanker owned by Sovcomflot PJSC this…
OECD cuts Saudi Arabia’s growth forecast in ’24, ’25
Saudi Arabia’s economy will contract by 0.2 per cent in 2024, said the Organisation for Economic Co-operation and…
China boosts trade with BRICS by 13%
Trade between China and other BRICS members surged by 11.3 per cent in the first quarter of 2024, reaching 1.49…
IFZA: 2k Egyptian firms tap UAE market in 3 yrs
The number of Egyptian companies entering the UAE market through the International Free Zone Authority (IFZA) has…
IFZA: SMEs make up 63.5% of UAE’s non-oil GDP
The number of small and medium-sized enterprises (SME) operating in the United Arab Emirates (UAE) accounts for…
UAE’s FDI inflows hit $23b in ’22 – IFZA
The United Arab Emirates (UAE) had witnessed total inflows of direct foreign investment (FDIs) worth $23 billion in…
