BUSINESS NEWS | Saudi’s Aramco Lowers Domestic Gasoline Princes

RIYADH | SAUDI ARABIA – Saudi Arabia’s Aramco said on Sunday it was lowering its domestic gasoline prices for May, with 91 grade and 95 grade falling to 0.67 riyals and 0.82 riyals per liter, respectively.

The prices will effective from Monday, May 11, a company statement said.


BREAKING NEWS | Saudi – Led Coalition Intercepts Ballistic Rockets, Drones Launched By Yemen’s Houthis: State News Agency

RIYADH | SAUDI ARABIA – The Saudi –Led Coalition said on Monday that it intercepted and destroyed two ballistic rockets and six drones laden with explosives launched by Yemen’s Houthis towards the kingdom, the state news agency said, citing the coalition spokesman. The coalition has started a military operation against the Iran-aligned group after it … Continue reading BREAKING NEWS | Saudi – Led Coalition Intercepts Ballistic Rockets, Drones Launched By Yemen’s Houthis: State News Agency

BUSINESS NEWS | Federer – Backed Sports Shoe Maker On Preparing For IPO, Swiss Paper Says

VIENNA – Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported. The Zurich – based company, founded 10 years ago, says it has  special sole technology that is … Continue reading BUSINESS NEWS | Federer – Backed Sports Shoe Maker On Preparing For IPO, Swiss Paper Says

BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

ABU DHABI – Abu Dhabi Fund For Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday. The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia. Debt service repayments would … Continue reading BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

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