Oil prices witnessed little change in Asian trading, today, Friday, at a time when investors are studying optimistic demand forecasts issued by the Organization of the Petroleum Exporting Countries (OPEC), and economic data that showed a decline in Chi…
The Public Investment Fund (PIF) today announced the establishment of the Saudi Facility Management Company (FMTEC). The company will offer a comprehensive range of services, including utility management, energy management, waste management, maintenanc…
The Industrial Production Index (IPI) report was issued today by the General Authority for Statistics (GASTAT), which showed a 0.5% increase in June 2023 over May 2023.According to the report, the IPI showed a 1.6% decrease, mainly driven by mining and…
The Saudi Central Bank (SAMA) licensed “Loan” to provide consumer microfinance solutions through financial technology. With Loan, there are now six authorized companies offering consumer microfinance solutions in Saudi Arabia.This decision reflects SAM…
Deputy Prime Minister for Energy Affairs, Oil Minister Hayan Abdul-Ghani confirmed today, Tuesday, the ministry’s keenness to achieve the highest financial revenues from marketing crude oil.Abdul-Ghani said during his presidency of the monthly pricing…
The Saudi Stock Exchange main index ended trading higher today, gaining 41.94 points to close at 11286.21 points.The total value of trading reported was SAR 5.6 billion, while the total number of shares traded was 245 million.The Saudi Parallel Market …