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...
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...
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...
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 ...
Saudi Arabia has become the preferred gateway for Chinese companies to enter the Middle East and GCC markets, Al Eqtisadiah newspaper reported, citing Chinese Ambassador to Saudi Arabia Chen Weiqing. Chinese and Saudi economies are highly integrated and have enormous potential for...
The Saudi ports reported a 12.48% increase in the number of inbound containers to 265,148 TEUs in March, compared to 235,738 TEUs in the same month last year. In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers also rose by...
The Idle Lands Program said that over 332 million square meters (sqm) of land were invoiced in the first and second phases during Q1 2024. In a statement, the program said it discovered and registered more than 10 sqm of land within the declared areas of cities in the first and...
The General Authority of Civil Aviation (GACA) gave the go-ahead for China Southern Airlines to start regular flights between Saudi Arabia and China, as of April 16, Saudi Press Agency reported. The operational plan includes four passenger/commercial flights and three air cargo flights, GACA...
The General Authority for Competition (GAC) gave the go-ahead for economic concentration between Hadeed and Rajhi Steel. The approval was made after reviewing Hadeed's request to fully acquire Rajhi Steel, GAC stated on its official X account, noting that the approval was based on...
The Gulf Cooperation Council Interconnection Authority (GCCIA) is studying new projects to strengthen the internal network of the GCC countries and expand connection with Bahrain and Qatar, Al Eqtisadiah newspaper reported, citing CEO Ahmed Al-Ebrahim. The projects are under study...