Business

GCC seeks to finalize FTA talks with UK this year — Al-Budaiwi

Secretary-General of the Gulf Cooperation Council Jasem Al-Budaiwi highlighted the need of finalizing the negotiations with the United Kingdom on a free trade agreement before the end of 2024.

During his meeting with the British Secretary of State fo…

Arab League Chief urges Japan to expand business in region

Secretary General of the Arab League Ahmad Abul Gheit urged the Japanese government to continue encouraging Japanese companies, especially small and medium-sized enterprises, to expand their operations in the Arab region while also calling on Arab com…

Oil prices record an increase upon settlement

Oil prices rose at settlement at the end of today’s trading, following the announcement of a decline in crude oil and gasoline inventories in the United States last week.

Brent crude futures rose by 42 cents, or 0.5 %, to reach $85.08 per barrel upon…

OPEC confirms oil demand growth expectations in 2024 and 2025

The Organization of the Petroleum Exporting Countries (OPEC) maintained its expectations for relatively strong growth in global oil demand in 2024 and 2025, noting that flexible economic growth and strong air travel will support the use of fuel in the…