Mueller bags brace, Kane hits goal 33 as Bayern thump Union

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BERLIN: Harry Kane claimed his 33rd league goal of the season and Thomas Mueller scored twice as Bayern Munich hammered Union Berlin 5-1 away in the Bundesliga on Saturday. Just a week after Xabi Alonso’s Bayer Leverkusen broke Bayern’s 11-year title run, the visitors were dominant and clinical in the German capital. Kane blasted in … Read more

Saudi crude production hits 7-month high in February

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Chinese businesses shown NEOM opportunities as ‘Discover’ tour hits Beijing, Shanghai RIYADH: Opportunities for Chinese companies to engage with and invest in NEOM have been showcased in Beijing and Shanghai, attracting significant interest from several companies.  The giga-project kicked off the Chinese leg of its global “Discover NEOM” tour in the capital on April 15, followed by a visit to … Read more

Chinese businesses shown NEOM opportunities as ‘Discover’ tour hits Beijing, Shanghai

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RIYADH: Opportunities for Chinese companies to engage with and invest in NEOM have been showcased in Beijing and Shanghai, attracting significant interest from several companies.  The giga-project kicked off the Chinese leg of its global “Discover NEOM” tour in the capital on April 15, followed by a visit to the country’s biggest city on April 17, attracting a cumulation of … Read more

Saudi non-oil sector maintains momentum as March PMI hits 57 

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RIYADH: Saudi energy giant Aramco has awarded a $7.7 billion contract for a major expansion of its Fadhili Gas Plant in the Eastern Province. The company announced in a statement that SAMSUNG Engineering Co, GS Engineering & Construction Corp, and Nesma & Partners were the winners of the increment project contract for the gas plant. … Read more

Ukrainian drone hits Russia’s third biggest refinery, damage not critical

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MOSCOW: A Ukrainian drone struck Russia’s third largest oil refinery on Tuesday about 1,300 km (800 miles) from the front lines, hitting a unit that processes about 155,000 barrels of crude per day though an industry source said the damage was not significant. Russian officials said its jamming devices locked onto a Ukrainian drone near … Read more

Red Sea Global resort hits 6.5m hours without lost time injury

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Dr. Hassan Ghazzawi Hospital, a healthcare provider under the management of Abeer Medical Group, has achieved a major milestone in its journey toward excellence in maternal healthcare. The hospital has successfully delivered 25,000 babies, a testament to its unwavering commitment to providing safe and compassionate care to expectant mothers and their newborns. The hospital holds … Read more

UAE’s treasury sukuk auction hits $2.13bn: Finance Ministry

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RIYADH: The UAE’s treasury sukuk auction received bids totaling 7.83 billion dirhams ($2.13 billion), signaling a promising trajectory for the country’s financial landscape. Represented by its Ministry of Finance and supported by the state’s central bank as the issuing and paying agent, the Gulf nation has disclosed the outcomes of its Islamic treasury bonds public … Read more

Closing Bell: TASI slips for 3rd consecutive day as market turnover hits $2.65bn

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Saudi Arabia launches Digital Transformation Index 2024 to enhance e-government services RIYADH: The latest edition of a framework designed to enhance e-government services and accelerate digital innovation in Saudi Arabia has been launched. The Digital Transformation Index for 2024 seeks to elevate the commitment levels of the public sector to decisions and directives concerning technological … Read more

Saudi media giant SRMG hits record high share price of $89.27 on Sunday

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Saudi Arabia’s point-of-sale transactions grow 11% to reach $14.35bn in January RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed. The surge in POS payments reflects the Kingdom’s commitment to digitalization and investments in … Read more