KACST head to highlight Saudi investment scenario
Prince Dr. Turki Bin Saud Bin Mohammed Al Saud, president of King Abdulaziz City of Science and Technology (KACST), will be addressing participants of...
Saudi reforms may not prevent looming economic slump
At a three-day conference in Riyadh this week, hundreds of Saudi Arabian officials and businessmen discussed ways to rescue the economy from low oil...
Devaluation of Saudi currency would carry major political risk
The devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use...
Oil price below $40 after OPEC decides against output cut
Oil stayed below $40 a barrel in Asia Monday after the OPEC cartel decided against slashing high output levels and traders turned their attention...
Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit
British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a...
As big oil shrinks, boards plot different paths out of crisis before it's too...
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead...
Saudi supercomputer on top 10 most powerful list
JEDDAH: A Kingdom-based supercomputer has entered the top 10 list of the most powerful computers on the planet.
The Shaheen II is based at King...
Egypt losing $250 million per month after Russian plane crash
An Egyptian government official says Egypt has lost hundreds of millions of dollars since last year's suspected bombing of a Russian plane, which crippled...
Saudi Arabia to continue energy investments despite oil price drop- Naimi
Oct 2 Saudi Arabia is continuing with its investments in the oil and gas industry even with the current drop in oil prices, the...
Saudi crown prince discusses economy on Egypt trip
Saudi Crown Prince Mohammed bin Salman continued a visit to Egypt on Monday focused on economic cooperation, with Riyadh agreeing a $10 billion investment...
