Economy
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Will a Russian diamond ban be effective?
The UK has announced a ban on Russian diamonds as it tightens sanctions over Russia’s war in Ukraine. Countries in…
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US-led Pacific trade talks close to reaching supply chains pact
Fourteen countries in US-led Indo-Pacific trade talks are nearing an agreement on supply chain coordination and may announce a deal as soon…
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Coordination with OPEC+ ‘cornerstone’ of efforts to stabilize markets: Saudi minister
Coordination with OPEC+ members is a “cornerstone” of Saudi Arabia’s efforts to enhance the stability of oil markets, the kingdom’s energy minister…
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New AI institute launched in Saudi Arabia
A new institute has been set up intending to innovate the use of artificial intelligence in the Middle East. Deloitte’s…
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UAE luxury train: Etihad Rail partners with Italy’s Arsenale for passenger service
Luxury passenger train carriages will run along the UAE’s Etihad Rail line between Fujairah and the Liwa desert in Abu Dhabi as…
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Iraq has enough strategic wheat reserves for 6 months: Report
Iraq’s strategic wheat reserves are sufficient for six months, its state news agency quoted Minister of Commerce Atheer Daoud Al-Ghurairy…
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Saudi crude oil exports rise to 7.52 mln bpd in March, says IEF
Saudi Arabia’s crude oil exports in March rose to 7.52 million barrels per day (bpd) from 7.455 million bpd in…
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Saudi Aramco appoints presidents for upstream and downstream businesses
Saudi oil giant Aramco on Thursday named Nasir al-Naimi and Mohammed al-Qahtani as presidents of its upstream and downstream businesses,…
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Qatar Energy cuts July al-Shaheen oil price to 27-month low: Report
Qatar Energy set the term price for cargoes of al-Shaheen oil loading in July at the lowest level since April…
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Singapore’s Whampoa Group to set up new digital bank HQ in Bahrain
Singapore’s Whampoa Group, a multi-family office with investments in global tech firms, will set up the headquarters of its new…
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