The Public Investment Fund (PIF) has today announced the establishment of Al Balad Development Company (BDC). The company will become the main developer of Jeddah’s historic Al Balad district, in line with the continuous efforts led by His Royal Highne…

The Saudi Central Bank (SAMA) seeks public consultation on draft amendment of the Comprehensive Motor Insurance Rules. In this context, SAMA invites stakeholders to provide suggestions and observations on the draft by visiting the Public Consultation …

The Saudi Stock Exchange main index ended trading lower today, losing 15.79 points to close at 11040.17 points.The total value of trading reported was SAR4 billion, while the total number of shares traded was 143 million.The Saudi Parallel Market Inde…

The price of Kuwaiti oil barrel went down 74 cents to USD 97.90 per barrel (pb) on Friday as opposed to USD 98.64 on Thursday, according to Kuwait Petroleum Corporation (KPC) on Saturday.In international markets, Brent crude oil decreased by seven cen…

Kuwait’s crude oil exports to Japan fell 51.2 percent in August from a year earlier to 4.68 million barrels, or 151,000 barrels per day (bpd), for the first decline in nine months, government data showed Friday.As Japan’s third-biggest oil provider, Ku…

The Saudi Stock Exchange main index ended trading lower today, gaining 40.30 points to close at 10918.24 points.The total value of trading reported was SAR6 billion, while the total number of shares traded was 203 million.The Saudi Parallel Market Inde…