Business

SRC refinancing assets hit $5.3bn amid Alinma Bank portfolio acquisition

Fri, 2022-09-02 15:03 RIYADH: The Saudi Real Estate Refinance Co., wholly owned by the Public Investment Fund, is seeing its assets…

4 years ago

Lufthansa cancels hundreds of flights as pilots strike over pay

Fri, 2022-09-02 11:55 FRANKFURT, Sept 2 : Pilots at Lufthansa went on strike on Friday, forcing the German airline to…

4 years ago

Oil gains ahead of OPEC+ meet but fears of slower demand weigh on market

Fri, 2022-09-02 08:04 SINGAPORE: Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting…

4 years ago

Gold drops below $1,700 on stronger dollar, rate-hike bets

Thu, 2022-09-01 21:36 BENGALURU: Gold prices fell below the key $1,700 level on Thursday for the first time since July,…

4 years ago

MENA Project Tracker— KOC to tender $650m expansion project; ADNOC subsidiary awaits final bid for storage project

Thu, 2022-09-01 18:47 CAIRO: The Abu Dhabi National Oil Co. Onshore — a subsidiary of ADNOC — is awaiting a…

4 years ago

Egypt to relaunch government IPOs program on the stock exchange

Thu, 2022-09-01 17:59 RIYADH: The Egyptian government is preparing to relaunch its initial public offering program, coinciding with the call…

4 years ago

Saudi Arabia's mineral wealth set to double as prices of gold, copper, zinc rise

Thu, 2022-09-01 17:08 RIYADH: With the prices of valuable minerals, especially gold, copper and zinc rising, Saudi Arabia expects the…

4 years ago

Saudi Chemanol settles $107m loan taken for Methanol plant expansion project

Thu, 2022-09-01 16:24 RIYADH: Methanol Chemicals Co., known as Chemanol, has paid off SR400 million ($107 million) of its existing…

4 years ago

TASI ends in red as oil prices fall, recession fears grow: Closing bell

Thu, 2022-09-01 15:55 RIYADH: The Saudi stock market ended September’s first trading session in the red due to weaker oil…

4 years ago

Aramco may take stake in Renault’s future thermal engine business: Source

Thu, 2022-09-01 14:40 PARIS: Saudi Aramco could take a stake in the future thermal engine business that Renault plans to…

4 years ago