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1 day ago | 
arab.news | Nirmal Narayanan |Nour El-Shaeri |Nadin Hassan |Mohammed Al-Kinani
Saudi Arabia raises $990m through April sukuk issuance /node/2598025/business-economy April 22, 2025 18:39 Saudi Arabia raises $990m through April sukuk issuance RIYADH: Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase compared to the previous month, according to an official statement.
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1 week ago | 
arab.news | Nour El-Shaeri |Nadin Hassan |Reem Walid
Saudi Arabia eyes $31.6bn space economy as sector gains momentum /node/2596872/business-economy April 13, 2025 18:00 Saudi Arabia eyes $31.6bn space economy as sector gains momentum RIYADH: Saudi Arabia’s space economy reached $8.7 billion in 2024 and is expected to grow to $31.6 billion by 2035, according to a new study.
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2 weeks ago | 
arab.news | Nirmal Narayanan |Nadin Hassan |Reem Walid
Saudi industrial output rises in Feb. on manufacturing gains: GASTAT /node/2596523/business-economy April 10, 2025 11:08 Saudi industrial output rises in Feb. on manufacturing gains: GASTAT RIYADH: Saudi Arabia’s Industrial Production Index saw a modest rise in February, driven by stronger manufacturing activity as the Kingdom pushes ahead with its economic diversification agenda.
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2 weeks ago | 
arab.news | Nadin Hassan |Reem Walid
RIYADH: Saudi Aramco has made a series of groundbreaking oil and gas discoveries in the Eastern Province and the Empty Quarter, further cementing Saudi Arabia’s position as a global energy leader. Announced by Energy Minister Prince Abdulaziz bin Salman on Wednesday, the discoveries include six oil fields, two oil reservoirs, two natural gas fields, and four natural gas reservoirs—highlighting the Kingdom’s vast and growing hydrocarbon potential.
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2 weeks ago | 
arab.news | Nadin Hassan |Mohammed Al-Kinani |Nirmal Narayanan |Reem Walid
ISLAMABAD: Two prominent institutes owned by the governments in China and Pakistan have signed a memorandum of understanding (MoU) to boost Pakistan’s cotton production through technological methods, state broadcaster reported on Sunday. Cotton is one of Pakistan’s most important cash crops. At present, Pakistan is the fifth-largest producer of cotton and the third-largest producer of cotton yarn in the world, according to the Ayub Agricultural Institute.
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1 month ago | 
arab.news | Reem Walid |Nadin Hassan |Nour El-Shaeri |Nirmal Narayanan
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Saturday the government will maintain current petroleum product prices for the another fortnight and utilize the resulting fiscal space to implement a reduction in electricity tariffs, aiming to provide relief to consumers. Fuel prices in Pakistan are adjusted fortnightly, reflecting global energy market fluctuations and the rupee-dollar exchange rate, to pass on the net effect to consumers.
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1 month ago | 
arab.news | Dayan Abou Tine |Nadin Hassan |Mohammed Al-Kinani |Ismail Dilawar
Saudi Aramco cuts crude oil prices for Asia /node/2592980/business-economy March 09, 2025 12:43 Saudi Aramco cuts crude oil prices for Asia RIYADH: Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+ to gradually increase oil supply starting this month.
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1 month ago | 
arab.news | Nadin Hassan |Mohammed Al-Kinani |Nour El-Shaeri |Ismail Dilawar
KARACHI: China has rolled over a $2 billion loan to Pakistan, the adviser to the finance minister of Pakistan confirmed on Saturday amid Islamabad attempts to strengthen its financial reserves. The development takes place as an International Monetary Fund (IMF) delegation is in Islamabad to conduct its first review of the $7 billion loan agreement reached between the two sides last year. The IMF delegation will assess the government’s performance in meeting key conditions of the loan.
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1 month ago | 
arab.news | Reem Walid |Dayan Abou Tine |Nadin Hassan |Miguel Hadchity
ISLAMABAD: American financial services company Payoneer has partnered with Meezan Bank, Pakistan’s largest Islamic bank, to enhance cross-border payments for Pakistani businesses, entrepreneurs, and freelancers, a press release said on Wednesday. Under the partnership, Meezan Bank customers can link their Payoneer accounts to the bank’s mobile banking app to make real-time withdrawals in multiple global currencies directly into their Meezan local receiving accounts.
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2 months ago | 
arab.news | Mohammed Al-Kinani |Nadin Hassan |Reem Walid |Nirmal Narayanan
Qurayyah power plant to expand by 3.01 GW thanks to $3.6bn investment /node/2590960/business-economy February 20, 2025 14:38 Qurayyah power plant to expand by 3.01 GW thanks to $3.6bn investment JEDDAH: Saudi Arabia is boosting its energy security with an SR13.4 billion ($3.57 billion) investment to expand the Qurayyah power plant, adding 3.01 gigawatts to meet growing demand and support economic growth.
