Russian Deputy Prime Minister Alexander Novak, speaking on Tuesday at the start of the OPEC+ meeting of leading oil producers, said the global economy is recovering.
Mohammed Madani recently joined the Government Expenditure & Projects Efficiency Authority (EXPRO) as director general of enablement, specifically looking after the Spending Efficiency Key Element Program (SEKEP). Madani’s role involves dealing with government entities to enhance spending efficiency in core operations. He began his career with Saudi Arabian Airlines as an
RIYADH: The Human Rights Commission (HRC) on Monday signed a memorandum of understanding (MoU) with the Saudi Lawyers’ Association to boost cooperation. The MoU aims to enhance coordination between the two sides to protect human rights and develop the local legal sector along modern lines within the parameters of the Shariah. The main focus of the agreement is promoting human
Emkan, an omnichannel fintech brand delivering digital financing solutions to Saudi nationals seeking microfinancing assistance through personal and consumer loans, has been named the “fastest growing digital microfinance company” in Saudi Arabia at the Global Business Outlook (GBO) Awards 2021. The GBO Awards extend to the private and public sector, recognizing the work of
Tehran, which resumed negotiations with the US to reinstate its nuclear deal, is looking to conclude talks before its presidential elections begin on June 18.
Opec+, which is headed by Saudi Arabia and Russia, will gradually return 2 million barrels a day (mb/d) of the adjustments to the market, with the pace being determined according to market conditions , the group said in a communique on Tuesday.
The group said conformity to its current levels of production cuts reached 114 per cent in April.
Following the meeting, Brent, the international benchmark, surged 2.76 per cent to reach $71.23 per barrel at 6.32pm UAE time. The benchmark rallied to levels last seen in May 2019 on expectations of tighter demand.