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Banque Saudi Fransi Rebrands as BSF

Business Banque Saudi Fransi will operate under the name "BSF". - SPA

Banque Saudi Fransi Rebrands as BSF

Banque Saudi Fransi announced in a press release that it completed its rebranding; effective immediately, the bank will operate under the name "BSF". According…

Asharq Al Awsat
Business

Diriyah Development Company President: We Plan to Establish Diriyah as Global Tourist Destination

Mohamed Saad, President of Diriyah Company, emphasized the company’s steadfast and advanced strides towards executing its comprehensive plans to establish a…

Mosaed al-Zayani (Riyadh)
Business

PIF Announces Pricing of Inaugural GBP Bond Offering

Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday that it has successfully priced its inaugural sterling-denominated bond offering of 650…

Asharq Al Awsat (Riyadh)
Business

Saudi Arabia: Extending Voluntary Cuts Supports Market Stability

Saudi Arabia’s cabinet on Tuesday welcomed the latest OPEC+ decisions, saying the Kingdom’s decision with seven other countries to extend their voluntary oil…

Asharq Al Awsat (Riyadh)
Business

OPEC Oil Output Rises in May, Led by Nigeria, Iraq

OPEC oil output rose in May, a Reuters survey found on Tuesday, as higher exports from Nigeria and Iraq offset the impact of ongoing voluntary supply cuts by…

Asharq Al Awsat (London)

Business

Turkish Airlines in Talks with Boeing for 225 Jets

Turkish Airlines is advancing talks with Boeing for 150 737 MAX narrow-body jets and 75 widebody 787 planes, but a final decision hinges on engine price…

Asharq Al Awsat (Dubai)
Business

Mawani Signs MoU with Port of Marseille Fos to Enhance International Trade

The Saudi Ports Authority "Mawani" has signed a memorandum of understanding (MoU) with the Port of "Marseille Fos" with the aim of enhancing cooperation in…

Asharq Al Awsat (Riyadh)
Business

Riyadh Air, Air China Sign MoU to Strengthen Relations 

Riyadh Air, the newest national airline of Saudi Arabia, signed on Monday a memorandum of understanding (MoU) with Air China, China’s exclusive national flag…

Business

Saudi Industry Minister Visits Tanger Med Port in Morocco

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef has visited the Tanger Med Port Center in Morocco as part of efforts to enhance…

Asharq Al Awsat (Tangier)
Business

Over 19 Saudi Companies to Participate in Construction Expo Africa 2024

The Saudi Export Development Authority (Saudi Exports) is making a significant stride in its commitment to the African market. Under the "Saudi Industry"…

Business

Arabian Drilling Agrees with Aramco to Suspend Contracts for Offshore Rigs

Arabian Drilling Co. (ADC), one of the largest national companies for onshore and offshore oil and gas drilling in Saudi Arabia, agreed with Saudi Aramco to…

Asharq Al Awsat (Riyadh)
Business

Gold Drifts Lower as Investors Focus on US Jobs Data

Gold fell on Tuesday after rising 1% in the previous session as investors awaited US jobs data due later in the week for further clues on the health of the…

Asharq Al Awsat
Business

Saudi Arabia Enjoys Fastest Growing Airport Technology Sector in Middle East

A recent study, “Investment trends in travel technology” by Amadeus, showed that airports are witnessing a rapid digital transformation, as the pace of travel…

Business

Türkiye Inflation Hits 75% in Expected Peak Before Relief

Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, official data showed on Monday, in what is expected to be the high…

Asharq Al Awsat
Business

Oil Prices Extend Losses on Worries of Supply Rising Later in 2024

Oil prices eased in early trade on Tuesday, extending their losses from the previous session when prices fell to their lowest in four months, as investors…

Asharq Al Awsat
Business

ServiceNow Inaugurates Regional Headquarters in Riyadh, Strengthening Commitment to Saudi Arabia

ServiceNow, an American digital workflow company, inaugurated on Monday its regional headquarters in Riyadh, said the Ministry of Communications and…

Business

Lebanon’s Minister of Energy Heads to Damascus to Discuss Technical Files

Lebanese caretaker Energy Minister Walid Fayyad headed to Damascus on Monday for a two-day visit to discuss files mainly related to water resources. Lebanon…

Asharq Al Awsat (Beirut)

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Business

South Korea’s Yoon Approves Exploration of Vast Oil, Gas Prospects 

South Korean President Yoon Suk Yeol gave the green light on Monday to conduct exploratory drilling for potentially vast oil and gas prospects found off the…

Business

Qatar Central Bank Announces Launch of Digital Currency Project

The Qatar Central Bank (QCB) launched on Sunday its Digital Currency Project (CBDC), which aims to settle large payments with a group of local and…

Asharq Al Awsat (Doha)
Business

Investors Flock to Aramco Share Sale That Could Raise $13 Bln 

Saudi Arabia's sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of kicking off on Sunday, a deal that could raise up to…

Business

US Shale Industry’s $200bn Dealmaking Wave Redraws Energy Landscape

Dealmaking in US oil and gas has surged to almost $200bn in the past year as the biggest producers compete to swallow up rivals in a race for scale that has…

Asharq Al Awsat
Business

OPEC+ Extends Deep Oil Production Cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025, exceeding market expectations, as the group seeks to shore up the market amid…

Asharq Al Awsat
Business

SAUDI EXPORTS, Alibaba Sign MoU to Enhance Saudi Products Access to Global Markets

The Saudi Export Development Authority (SAUDI EXPORTS) has signed a memorandum of understanding (MoU) with Alibaba, aiming to facilitate the global market…

Asharq Al Awsat (Riyadh)
Business

Al-Swaha Reviews Latest Strategic Plans for Digital, Innovative Projects in NEOM

The Saudi Minister of Communications and Information Technology, Eng. Abdullah bin Amer Al-Swaha, has toured NEOM to review the progress of strategic plans and…

Asharq Al Awsat (NEOM)
Business

Türkiye's Pegasus to Begin work on New Plane Order for Delivery beyond 2029

Türkiye Pegasus Airlines will in the coming months begin work on its next plane order as it looks to continue its fast-paced growth into the next decade, the…

Asharq Al Awsat
Business

Emirates Boss Urges Boeing to Review Mistakes

Emirates Airline President Tim Clark on Sunday challenged Boeing to review things that had gone wrong, predicting that the fallout from a recent industrial…

Asharq Al Awsat
Business

Saudi ACWA Power Signs MoU to Develop Green Hydrogen Project in Tunisia

Saudi Arabia’s ACWA Power signed a memorandum of understanding with the Tunisian Ministry of Industry, Mines and Energy, with the aim to study the…

Asharq Al Awsat (Tunis)
Business

Saudi Aramco Offers Second Stock Tranche

Saudi Arabia said Friday it will sell a second sliver of stock in oil giant Aramco, its first tranche since its initial public offering back in 2019. Saudi…

Asharq Al Awsat (Riyadh)
Business

‘Takamol’ CEO: 1 Mln Daily Operations Tracked on ‘Qiwa’ Platform

A Saudi official has revealed a new initiative dedicated to achieving an integrated employment market and fixing issues in the Kingdom’s job market. The…

Badr Al-Qahtani (London)