Economy
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Oil heads for biggest monthly gain since early 2022 as market tightens
Oil headed for its biggest monthly gain in more than a year on signs the market is tightening, with estimates…
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SNB Capital to conduct market-making activities on Saudi Aramco: Saudi Exchange Co
Saudi Exchange Company announced on Thursday the approval of SNB Capital’s application for conducting market-making activities on Saudi Arabian Oil…
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Low-profile traders help ship half Russia’s oil exports to India, China
A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading…
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Saudi boards show preference for experienced directors with prior CEO roles
With Vision 2030 driving accelerated growth for companies in Saudi Arabia, the composition of company boards in the country is…
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Fed raises interest rates to highest in 22 years
The US central bank has raised interest rates to the highest level in 22 years as it fights to stabilise…
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Mastercard demands US cannabis shops stop accepting debit cards
Mastercard has said financial payment companies must stop allowing US customers to buy legal marijuana in shops with its debit…
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Excitement over Threads fades but users return to app
Facebook founder Mark Zuckerberg has said his new social media app, Threads, is drawing more repeat users than he…
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Joe Lewis: UK tycoon bailed in US fraud case but can’t use superyacht
A New York City court has imposed sweeping restrictions on British billionaire Joe Lewis as he awaits trial on insider…
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India rice export ban may lead to direct govt deals, raises food security concerns
Global rice importers are likely to seek direct deals with governments in exporting countries as India’s ban on shipments of…
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Porsche’s iconic 911 to be sole survivor of automaker’s combustion engine models
Porsche has a plan to gradually electrify its car lineup so that electric vehicles make up 80 percent of sales…
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