RIYADH / TNS Foreign investments in the Kingdom recorded a rise of 9 percent, equivalent to SR94.32 billion by the end of the first quarter of this year compared with the same period last year. The total value amounted, by the end of the first quarter of this year, to SR1.135 trillion, compared to SR1.041 trillion by the end ...

  Reuters Saudi Arabia, the world’s biggest oil exporter, regained its position as China’s top crude supplier in June, after losing out to Russia over the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day (bpd), down 14.2 percent on the year but ...

  REUTERS Egypt’s central bank governor said that the time was not right to float the Egyptian pound, which has come under intensifying pressure in recent weeks, but he left the door open to a possible devaluation. Economists say a devaluation is all but inevitable. But the timing is crucial to maximise its impact while mitigating the inflationary effect, particularly ...