Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced in an attempt to keep prices high. Then, in December, OPEC + confirmed its …
Three new gorgeous Fairmont hotels are coming to Saudi Arabia
Openings include properties in Khobar, Madinah, and The Red Sea… Saudi Arabia is always welcoming gorgeous new hotels, and over the next few years, the country will be welcoming a host of wonderful …
Fairmont bolsters presence in Saudi Arabia
Fairmont Hotels & Resorts is ramping up its presence in the Kingdom of Saudi Arabia, with three new openings between now and 2028.
Patent filings in Saudi Arabia jump by 13%
The number of patent applications filed with the Saudi Intellectual Property Authority (SAIP) increased by approximately 8,029 in 2024, representing a growth rate of 13.33% compared to 2023, according …
Trump and Wall Street’s top execs flying to Saudi next week to talk oil and gas
President Donald Trump is flying to Saudi Arabia next week with a group of America’s most powerful financial and tech leaders, where they will push for new oil and gas deals as part of a broader …
BlackRock, Citi CEOs to Visit Saudi Arabia Along With Trump
BlackRock Inc.’s Chief Executive Officer Larry Fink, Citigroup Inc.’s Jane Fraser and top bosses of American tech firms will visit Saudi Arabia along with Donald Trump next week.
Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says
May 5 (Reuters) – Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as its oil revenues fell 18% on the year to 149.810 billion riyals, its …
Saudi Arabia reports first-quarter deficit of US$15.65 billion
RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first quarter of 2025 from US$3.30 billion a year before as oil revenues fell 18 per cent to 149.810 billion riyals …
Saudi Arabia reports first-quarter deficit of US$15.65 billion
RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first quarter of 2025 from US$3.30 billion a year before as oil revenues fell 18 per cent to 149.810 billion riyals …
Hiring in UAE and Saudi Arabia rises sharply on non-oil economic boost
The pace of hiring in the UAE and Saudi Arabia rose sharply in April after business activity in their non-oil private sector economies maintained strong growth amid the continued push for …