DAMMAM: Saudi Arabia’s logistics sector is poised for a significant transformation with the launch of a joint venture company. This strategic collaboration, known as Advanced Supply Management Operations, or ASMO, combines the procurement expertise of Saudi Aramco with the supply chain knowledge of DHL. This venture aims to revolutionize processes, positioning itself as a comprehensive … Read more
RIYADH: A meeting of the top ministers of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has reportedly kept oil output policy unchanged. The officials met online on Thursday to discuss market fundamentals. The Joint Ministerial Monitoring Committee can call for a full OPEC+ meeting or make recommendations on policy.
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more