SINGAPORE: Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, and as weaker-than-expected Chinese factory data underscored slowing growth in the world’s second largest economy, according to Reuters. Brent crude futures fell 15 cents, or 0.2 percent, … Read more
RIYADH: Affirming the Kingdom’s commitment to a sustainable future, the Saudi Green Building Forum is set to participate in the 28th session of the UN Climate Conference, also known as COP28, in Dubai. Taking place in the Blue Zone pavilion, the SGBF’s schedule of associated events is outlined across three key areas, including technology and … Read more
CAIRO: A flurry of investment deals flourished throughout the Middle East region, with UAE-based venture capitals landing a handful of transactions across multiple sectors. In a significant move underscoring the growing interest in health technology, Dubai- headquartered Wamda Capital has participated in a $4.7 million seed funding round for the Turkey-based health tech startup Salus. … Read more
IEA forecasts 75% drop in global oil and gas demand needed by 2050 to meet 1.5°C target RIYADH: Global demand for oil and gas needs to decline by over 75 percent by 2050 to limit global warming to 1.5 degrees Celsius, according to the International Energy Agency. According to an IEA report released on Nov. 23, … Read more
LONDON: Al Arabiya news channel pledged its “full support” to anchor Layal Alekhtiar after an arrest warrant was issued against her by a Lebanese military prosecutor. The warrant came a month after Alekhtiar interviewed an Israeli military spokesperson for the channel, Al Arabiya said in a statement on Friday. IDF spokesperson for Arabic media, Avichay … Read more
LONDON: A special “innovation chapter” will need to be part of a UK-Gulf Cooperation Council trade deal to ensure artificial intelligence developments do not throw up barriers to commerce, Britain’s chief negotiator at the Department of Business and Trade said on Monday. Speaking at the Arab-British Economic Summit in London — organized by the Arab-British Chamber of … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index gained 55.06 points, or 0.50 percent, on Sunday to close at 11,137.03. The total trading turnover of the benchmark index was SR4.50 billion ($1.20 billion) as 158 of the listed stocks advanced, while 59 retreated. Similarly, the Kingdom’s parallel market Nomu also jumped 77.43 points, or 0.33 percent, … Read more
