Business

Business News

Oil hits 2019 highs amid OPEC-led supply cuts, US sanctions on Iran and Venezuela

SINGAPORE (Rahnuma) : Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts…

Permian shale output closes gap with Saudi Arabia as rig count doubles, confirming US’ powerhouse status

NEW MEXICO (Rahnuma) : In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp. is building a massive shale oil project that its…

Global exchange funds eye Saudi Arabian equities

LONDON (Rahnuma) : Global exchange-traded funds are building cash piles to place in Saudi Arabian equities, according to a ranking compiled…

Egypt’s aviation ministry to increase departure fee for travelers in November: Reports

CAIRO (Rahnuma) : Egypt’s Ministry of Civil Aviation has reportedly announced a $5 increase in the travelers’ departure fee starting from…

Rating IDBI Bank as private is against public interest’

Chennai, March 20 (IANS) The All India Bank Employees’ Association (AIBEA) has demanded the Reserve Bank of India (RBI) to reconsider…

Oil prices pressured by economic slowdown, but OPEC cuts support

SINGAPORE (Rahnuma):  Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption,…

Tax payers’ money to save Jet Airways: Congress

New Delhi, March 20 (IANS) The Congress on Wednesday said the government intended to bring a bailout package for the cash-strapped…

US stocks close mixed amid economic data

New York, March 20 (IANS) US stocks ended mixed as investors digested a slew of newly-released economic data. The Dow Jones…

British Airways has launched the first ever direct flight from Dammam to London

LONDON (Rahnuma) : British Airways has launched the first ever direct flight from Dammam to London Heathrow. The carrier has…

German firm wins mega order to build olive oil mill in Saudi Arabia

LONDON (Rahnuma) :A German company has won an order to build a massive olive oil mill in Saudi Arabia that…
Close