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LONDON: Oil prices rose more than 2 percent on Tuesday, reversing some of the previous session’s losses, on worries about supply with the Strait of Hormuz mostly shut and US allies rebuffing calls to send
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RIYADH: The ongoing conflict in the Middle East is expected to have a greater impact on refined petroleum products such as jet fuel and diesel than on crude oil itself, according to Goldman Sachs. In
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LONDON: Saudi Arabia participated in the Prospectors and Developers Association of Canada convention, held March 1 – 4, highlighting exploration and mining opportunities in the Kingdom built on vast geological data and supported by a
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RIYADH: Banks operating in the Gulf region are expected to remain resilient in the short term due to strong financial buffers, even as the Middle East grapples with heightened geopolitical tensions, according to an analysis.
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RIYADH: The Australia-Saudi Business Chamber has formed an emergency working committee to explore measures aimed at maintaining trade continuity amid disruptions to key transport routes across the Middle East. The initiative will aim to bolster supply
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RIYADH: Oman’s import prices recorded a sharp increase in the final quarter of 2025, driven largely by higher machinery and transport equipment costs. The overall import price index rose 14.8 percent in the fourth quarter
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RIYADH: Egypt’s banking sector is positioned to absorb the potential economic spillovers from the ongoing Iran conflict, supported by strong capital buffers, liquidity, and profitability, according to a report by Fitch Ratings. The agency’s base-case
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RIYADH: Countries linked to Jordan through free trade agreements accounted for 73.2 percent of the nation’s total exports in 2025, official data showed. According to the Amman Chamber of Commerce, exports to these markets reached 7.04 billion Jordanian
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RIYADH: Saudi Arabia’s producer prices rose 0.4 percent in January from a year earlier, supported by higher utility costs, as wholesale inflation remained contained at the start of 2026. The Kingdom’s producer price index stood at
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RIYADH: Bahrain’s aluminum producer Alba has shutdown 19 percent of its 1.6 million tonne-a-year production capacity to preserve business continuity amid ongoing disruptions affecting the Strait of Hormuz. A statement from the company said the closures of Reduction Lines 1,
