RIYADH: Saudi Arabia’s crude production reached a seven-month high of 9.01 million barrels per day in February, data from the Joint Organizations Data Initiative showed. This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month. Furthermore, the data indicated that the Kingdom’s crude exports rose to 6.32 million bpd, reflecting … Read more
RIYADH: Saudi Arabia’s UNESCO World Heritage site, Al-Ahsa, is set to provide an enhanced hospitality experience as Hilton introduces three new resorts, establishing a farm-focused tourism hub. The global hotel operator and Dan Co., a Public Investment Fund company specializing in agritourism, ecotourism, and adventure tourism, have jointly announced the signing of an agreement.
RIYADH: Credit card loans in Saudi Arabia surged to SR27 billion ($7.2 billion) in 2023, marking a 17 percent annual increase, according to data from the Saudi Central Bank. Analyzing data from the financial institution, also known as SAMA, shows that this surge could be attributed to the ease of acquiring credit cards, the enticing reward programs they … Read more