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With domestic inflationary pressures on the rise and the Indian economy positioned relatively favorably compared to advanced economies, the Monetary Policy Committee (MPC) may take a measured approach before considering a reduction in interest rates, suggests ICRA Analytics. In December 2023, retail inflation reached a four-month high at 5.69 percent, up from 5.55 percent in […]
According to the latest report released by the Kingdom’s General Authority for Statistics, Saudi Arabia witnessed a 4.4% increase in total merchandise exports in March
Saudi Arabia’s state-owned oil company, Aramco, has taken significant steps to secure a substantial supply of steel pipes by signing three contracts with leading steel pipe manufacturers in the Kingdom.
Saudi Aramco, reported a net profit of SR119.54 billion ($31.88 billion) in the first quarter of 2023
Gold prices in Dubai have slightly increased during the early trading session on Wednesday.
Dubai has emerged as a global hub for gold trade and investment, with the city playing a pivotal role in the global gold market. The Emirate has been historically known for its gold trading and is now home to one of the world’s largest gold markets.
ADNOC’s purchase of five VLGCs from China’s Jiangnan Shipyard in Shanghai is a strategic move that will help the company to expand its gas business and enhance its L&S capabilities.
Saudi Arabia’s industrial production rose 6% in February, largely driven by higher Mining and an increase in production from the non-metallic mineral products and food and beverages industries.
The UAE’s international trade has achieved a remarkable milestone by surpassing the $1 trillion mark in its international trade in goods, highlighting its growing status as a major player in the global economy.
ADNOC is preparing for an IPO of its logistics unit, ADNOC Logistics & Services (ADNOC L&S), to raise about $1 billion and support its ambitious growth plans.