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DME Oman crude up over 100% since production cuts implemented
Oman crude oil Benchmark trading on the Dubai Mercantile Exchange, DME, has doubled in price since the record cuts agreed by the OPEC+ group and other major producers were implemented in time for May loading schedules. DME said in a statement
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Saudi Industrial Development Fund announces digital transformation partnership with SAP
The Saudi Industrial Development Fund (SIDF), the Kingdom’s primary financial enabler for the National Industrial Development and Logistics Program, has announced a digital transformation partnership with global technology company SAP, which
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Saudi Aramco weighs pipeline stake sale to raise over US$10B
Saudi Aramco, the world’s largest oil producer, is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter. Aramco may need to raise cash this year as it
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Saudi Arabia health officials dismiss cash for COVID-19 video rumors
Health officials in Saudi Arabia’s Asir region have dismissed claims that patients who recovered from COVID-19 received money from the
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Saudi minister chairs virtual news agency forum
The Kingdom’s acting media minister, Majid Al-Qasabi, on Saturday chaired a virtual forum about the role of news agencies in supporting
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Saudi Arabia's Health Ministry triples daily COVID-19 tests
The Saudi Health Ministry has tripled the daily number of COVID-19 tests, which explains the increase in confirmed cases in the Kingdom, said
Read More80% of grocery stores shift to e-payments in Saudi Arabia
The field supervision teams of the Ministry of Commerce have carried out 9,677 inspections across the Kingdom within a week to verify that grocery stores are providing “mada” electronic payment means to consumers. The outputs showed an
Read MoreSaudi technology commission holds dialogue session for World Telecommunication day
The International Telecommunication Union (ITU) celebrated World Telecommunication and Information Society Day with the participation of the Saudi Communications and Information Technology Commission (CITC) to raise awareness about the impact of
Read MoreSaudi Arabia reports 2,736 new cases, conducts up to 18,000 tests daily
Saudi Arabia reported 2,736 new coronavirus cases as the Kingdom intensifies its testing capabilities to provide between 15,000 and 18,000 tests a day, the Ministry of Health said on Sunday. This brings the total number of cases in the country to
Read MoreSaudi Arabia plans to double its testing program to 36,000 tests daily
Saudi Arabia’s Ministry of Health is planning to double its coronavirus testing program to conduct up to 36,000 COVID-19 tests daily, the spokesman Mohammed al-Abd al-Ali said on Sunday. The Kingdom currently conducts between 15,000 to
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