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…
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Saudi Arabia
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…
Uganda secures $295m loan from S. Arabia’s IDB
Uganda has recently inked a deal with the Islamic Development Bank (IDB) of Saudi Arabia, securing a $295 million…
S. Arabia mulls crude price hike to Asia
Saudi Arabia, the leading exporter of oil, is contemplating raising prices for most of its crude grades sold to…
Egypt’s food exports reach 210K tons in 1 week
Egypt’s food exports reached 210,000 tons in the week ended on April 26, compared to a week earlier.