Dhahran, Aramco issued a press release today informing that it had signed a definitive agreement to acquire from Sumitomo Chemical an additional stake of approximately 22.5%, worth $702 million, in Rabigh Refining and Petrochemical Co. (Petro Rabigh),…
The dollar was steady on Wednesday, dragging the yen away from a seven-month peak as currency markets regained a semblance of calm in a week that began with a massive shakeout in assets driven by recession fears and unwinding of popular carry trades.
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China’s total goods imports and exports expanded 6.2% year-on-year in the first seven months of 2024 to 24.83 trillion yuan ($3.46 trillion), official data showed on Wednesday.
The country’s exports rose 6.7% year-on-year to 14.26 trillion yuan durin…
Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns.
Brent crude futur…
South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.
The country’s current account surplus reached $12.2 billion in June, marking a su…
Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.
Spot gold slipped 0.2% to $2,385.60 per ounce, a…
Dammam, The King Abdulaziz Port in Dammam has set a new record for container throughput on a single vessel, handling an impressive 20,645 TEUs on the COSCO SHIPPING AQUARIUS 036E.
This achievement underscores the port’s pivotal role in supporting tra…
Shaqra, The fourth Shaqra Pepper Festival, which concluded yesterday, was a resounding success, helping sell large quantities of the region’s distinctive peppers and pepper-based products.
The event drew significant attention from government entities…
The Ministry of Planning held a joint meeting today, Wednesday, with representatives of the World Bank, to discuss the progress made in implementing projects funded by the World Bank, and the problems and obstacles facing their implementation.
The Di…
Bethlehem Ma’an – Hebrew websites revealed that the cost of Israeli Prime Minister Benjamin Netanyahu’s last trip on board the Zionist Wing plane to the United States amounted to $520,000, or about 2 million shekels.
Channel 7 reported that Netanyahu…
Jeddah, The Red Sea Fund announced yesterday that it started the Post-Production Cycle 4, which offers financial support to directors of Arab nationality/origin and African nationality for feature-length (60 minutes or more) documentaries or animation…
The number of casualties following the Israeli drone attack on Jouaiyya town, south of Lebanon has surged to 2 deaths and 6 injured, with Israeli warplanes concomitantly striking Aitaroun village injuring two people, according to the Lebanese Ministry…
