Monday, October 6, 2025

OECD calls for reforms to wake up growth

With little hope for the world economy picking up pace soon, governments must tackle reforms at home to kickstart growth, the OECD said on...

Saudi to unveil 2016 budget with huge shortfall

Saudi Arabia unveils its 2016 budget on Monday with the oil powerhouse expected to project a huge deficit following the collapse of crude prices. The...

Saudi Arabia to convert state real estate fund into bank

Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of reforms to the economic policy apparatus...

Oil prices trade near $42 in Asia

Oil prices traded near $42 in Asia Friday as US markets took a break for Thanksgiving and Russia ruled out a military strike against...

Premier Oil cuts back on spending and beats production target

Premier Oil has cut full-year capital expenditure as the oil producer deferred some project development and exploration spending into 2016, it said on Thursday. Like...

Mobile phone companies’ decline in services angers customers

Telephone companies are one of the biggest projects in Saudi Arabia, where Saudi citizens and residents were globally rated as top Internet and phone...

Jubeir: Saudi will not cut oil production

Saudi Arabia is "not prepared" to cut oil production, its foreign minister said on Thursday, after the top exporter agreed with Russia to freeze...

Samsung Engineering reaches milestone in Saudi Arabia project

SAMSUNG Engineering Co., Ltd, revealed that it has reached a major milestone is terms of safety with Aramco’s Shaybah project. Samsung achieved the new...

Saudi public fund to double assets by 2020

Riyadh, Oct 25, 2017 (AFP) - Saudi Arabia, smarting from a three-year oil slump, said Wednesday that it aims to nearly double the assets...

Financial risks to world economy – IMF stated

IMF Managing Director, Kristalina Georgieva, drew focus to the need to a "call to action", urging a shift to facilitate more lending to small...

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