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LONDON: Oil prices fell on Tuesday as signs of possible talks to end the US-Israeli war on Iran eased supply fears stemming from the blockade of the Strait of Hormuz. Brent futures edged 37 cents lower,
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DUBAI/WASHINGTON: The International Monetary Fund sharply reduced its 2026 growth forecast for the Middle East and North Africa to 1.1 percent on Tuesday as war chokes Gulf oil and gas exports. Iran, Iraq and Qatar
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RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 59.41 points, or 0.52 percent, to close at 11,486.18. The total trading turnover of the benchmark index was SR6.19 billion ($1.65 billion), as 218
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RIYADH: Saudi Arabia’s Public Investment Fund has committed a fresh $550 million investment to electric vehicle maker Lucid Group through its affiliate Ayar Third Investment Co., as the manufacturer expands its robotaxi partnership. The new capital comes alongside an expanded
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RIYADH: Geopolitical tensions in the Middle East, coupled with the closure of some airspaces, have led to a redirection of travel toward domestic destinations. Growing demand for nearby, stable destinations with easier access within the
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RIYADH: The ongoing conflcit in the Middle East could expose weaknesses in the legal structures of sukuk, particularly where the bonds are backed by physical assets that may be damaged in attacks, S&P Global Ratings
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JEDDAH: Bahrain’s economy grew 3.5 percent in 2025, driven by a 4.1 percent expansion in non-oil sectors that offset a contraction in oil output, according to official data. Non-oil activities accounted for 85.8 percent of
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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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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: 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
