Oil prices rose on Friday following OPEC+ decision to keep the voluntary output cut policy unchanged. Brent crude for April delivery increased 0.31% to $78.94 a barrel at 9:00 am Makkah time. WTI contracts for March delivery rose 0.23% to $73.99 a...
The Ports, Customs, and Free Zone Corporation (PCFC) has launched an environmental campaign to raise public awareness about the importance of preserving marine environments and avoiding practices that negatively impact them. This initiative aims to unify efforts to achieve the United Arab Emirates' ...
The National Water Company (NWC), represented by its Eastern Cluster, has announced that it will start pumping desalinated water to the districts of Doha, Dana, King Fahd College of Petroleum and Minerals (KFUPM), Al-Jami’ah and Sulaimaniya in Dhahran. This comes after the company has completed...
OPEC+ will likely decide its oil production levels for April and beyond in the coming weeks, Reuters reported, citing OPEC+ sources. A meeting of the Joint Ministerial Monitoring Committee (JMMC) next Thursday would take place too early to take decisions on further output...
The National Water Company (NWC), represented by the Najran Water Business Unit (CBU), announced the completion of Phase II of the drinking water network project in the region, at a cost of approximately 26 million Saudi Riyals. This project aims to increase the company's operational efficiency,...
Saudi Arabian Mining Company (Maaden) announced today, Jan. 18, starting commercial operations at Mansourah-Massarah gold mine, according to a statement to Tadawul. The financial impact is expected to be realized starting from Q1 2024. In 2021, Maaden inked a contract with a major global...
ROSHN, Saudi Arabia's premier real estate developer, has entered a partnership with Partanna Arabia, a Riyadh-headquartered climate technology company, to collaborate on the potential construction of a state-of-the-art carbon-negative concrete production facility. The facility is...
The Ministry of Industry and Mineral Resources is in talks with the Ministry of Commerce, the Capital Market Authority (CMA) and businessmen to study a new metals and mining stock exchange in Saudi Arabia, Khalid Al-Mudaifer, Vice Minister of Industry and Mineral Resources, told Al-Eqtisadiah...
Saad Alkhalb, CEO of the Saudi Export-Import Bank (EXIM), said the bank intends to foray into Africa by sending executive representatives to both Egypt and South Africa. The bank aims to cover Africa with its service, especially as this continent has abundance of minerals and...
Ras Al Khaimah Economic Zone (RAKEZ) reaffirmed its dedication to corporate social responsibility and environmental stewardship with a successful Beach Clean-Up Drive held recently at Al Hulaila beach in Ras Al Khaimah. The initiative brought together nearly 150 participants, including RAKEZ...