Net profit fell to $32.6 billion for the quarter to Sept. 30, above the $31.8 billion expected by 12 analysts in a company-provided forecas...

Saudi Arabia wants tourism to account for 10% of its gross domestic product in 2030 and and expert says sport is essential to what the king...

India's defence spending has increased by around six per cent, making it the world's fourth largest military spender in 2022, according to ...

The agreement with Chinese banks is expected to bolster the reserves and enable the country to make import payments while lending some supp...

"The surpluses will be used to increase government reserves, to meet the coronavirus pandemic needs, strengthen the kingdom's financial pos...

A sustainable proposition, NEOM is delivering targeted vocational education to develop world-class talent; support entrepreneurs with start...

India’s annual military expenditure, of course, includes a huge pension bill for 33-lakh million veterans and defence civilians. In the 202...

A multi-trillion dollar spending push designed to diversify the economy's sources of income will require state companies to cut the dividen...

Most people would prefer to go to foreign destinations with fewer Covid-19 cases.

The kingdom expects its deficit to hit USD 79.4 billion this year, according to a government budget statement released late Tuesday, an est...

Saudi Arabia expects the economy to shrink by 3.7% this year but to swing back to a 3.2% growth next year. Saudi Finance Minister Mohammed ...

"We called for part of the dividends, so we are possibly going to receive around 15 to 25 billion Saudi riyals in dividends from PIF," Fina...

OPEC+ had been due to ease existing production cuts by 2 million barrels per day (bpd) from January 2021, but a second coronavirus wave has...

Oil prices have plunged more than 40 per cent this year after an unprecedented collapse in demand.

Opec+ agreed on Saturday to extend record output cuts of 9.7 million barrels per day into July.

Saudis tripled taxes on basic goods and cut spending by $26 billion to stave off a Covid impact.

The breakeven prices for the OPEC are $10-15 per barrel higher than those for pvt oil co.