Business

OPEC+ To Raise Oil Production Cap By 188,000 Bpd In August

Vienna: OPEC+ countries agreed on Sunday to raise the oil production cap in August by 188,000 barrels per day (bpd) from July levels, according to a statement published after a virtual meeting of OPEC+, Xinhua reported. The decision was announced foll…

Saudi Stock Exchange Closes with Significant Losses

Riyadh: The Saudi Stock Exchange main index concluded today’s trading session with a notable decline, dropping 175.08 points to settle at 11,087.54 points. The total trading value was SAR5.7 billion, and 287 million shares were exchanged during the se…

Minister of Economy and Planning Meets Austrian Foreign Minister

Riyadh: Minister of Economy and Planning Faisal Alibrahim met today with Federal Minister for European and International Affairs of the Republic of Austria Beate Meinl-Reisinger. During the meeting, the two sides discussed ways to enhance cooperation …