(Bloomberg) Nigeria unveiled $195 million worth of boats, vehicles and aircraft to spearhead the government’s fight against piracy in the Gulf of Guinea.
How can upstream plan and build for a profitable future with oil and gas demand so uncertain? I asked Fraser McKay, Head of Upstream Analysis, and Angus Rodger, Director Upstream Research, who led our analysis in May’s Horizons how they see the challenge.
The total compensation paid retroactively for the previous payment stood at about SR39 million. The total compensation paid by the program since its launch in December 2017 amounted today to SR97.7 billion, including SR773 million as compensation for previous payments, said program spokesman Sultan Al-Qahtani. Al-Qahtani said that 77 percent of the beneficiaries received support in this batch, and the average support for one family was SR1,054. Men reached 92 percent as heads of household while women reached the remaining 8 percent, he added. The national scheme aims to protect Saudi households from the direct, indirect and expected impacts of the various economic reforms taking place in the Kingdom through monthly cash transfers into their accounts.
DUBAI: Newly opened UAE squash academy The Flying Daf has partnered with Dubai Sports Council to launch its inaugural ladies-only tournament. The event, set to take place between June 16 and 22 at Dubai Ladies Club, Jumeirah, will be added to the council’s Woman Active Summer campaign. The aim of the partnership is to attract more than 30 female squash players and provide them
DUBAI: International investors are being attracted to Saudi banks on the back of the Kingdom’s $2.75 trillion 10-year investment program, according to a senior Bank of America analyst. It comes amid a rally in Saudi stocks, which have ended higher in 11 of the last 12 sessions, driven by the financials sector.