Environment & Energy | Friday 12 April, 2024 7:03 am

Oil demand will grow 2.25 million bpd: OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025, Reuters reported. In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to ...

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Tourism & Hospitality | Friday 12 April, 2024 6:49 am

GACA to organize Future Aviation Forum in May

The General Authority of Civil Aviation (GACA) will organize the third edition of the Future Aviation Forum (FAF 2024) on May 20-22, in Riyadh, under the patronage of the Custodian of the Two Holy Mosques, King Salman, Saudi Press Agency reported.   More than 5,000 aviation experts...

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Technology & IT | Friday 12 April, 2024 6:48 am

CST evaluates communications services for projects, facilities

The Communications, Space and Technology Commission (CST) is working to inventory and evaluate communications services for projects and facilities, the authority said in a circular to the Saudi chambers.   While taking into account the current situation, a survey was prepared in this ...

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Business & Money | Friday 12 April, 2024 6:46 am

Commercial registers for fast-food sector reach 44,800 in 2023: Ministry

The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported.   Riyadh dominated the largest number of registers reaching 13,644. It was...

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Business & Money | Friday 12 April, 2024 6:42 am

OPEC maintains oil demand forecast for 2024

The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates.   Meanwhile, the organization lowered its expectation for non-OPEC...

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Business & Money | Thursday 11 April, 2024 8:34 am

Aramco plans to post Q1 2024 financials on May 7

Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7.   In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...

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Business & Money | Thursday 11 April, 2024 8:32 am

Gold hovers near all-time high as market focus turns to US data

Gold prices rose today, April 9, hovering near their lifetime high, supported by firm central bank buying, while investors are watching out for the Federal Reserve's policy meeting minutes and US.   The gold spot prices edged up 0.3% to $2,345.09 per ounce at 0621...

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Government | Thursday 11 April, 2024 8:26 am

Riyadh Municipality starts receiving qualification applications for future projects

The Riyadh Region Municipality invited qualified contracting companies with distinguished competence in the fields of implementing and developing roads, to submit their qualification applications.   In a statement, the municipality stated that the applications will be submitted via...

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Business & Money | Thursday 11 April, 2024 8:24 am

Tomoh drives 21 companies to list shares on Nomu: Monsha’at

The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.   The program relies ...

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Business & Money | Wednesday 10 April, 2024 6:07 am

China's new international land-sea trade corridor records $8.9 billion in TEUs transported

The New International Land-Sea Trade Corridor (ILSTC), which runs through the western part of China, is rapidly expanding, serving as a vital connection between the Silk Road Economic Belt, the 21st-Century Maritime Silk Road, and the Yangtze River Economic Belt. According to the People's...

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