BUSINESS

Riyadh's efforts to build an economy that is not dependent on oil include a shift towards mining to explore the country's untapped reserves of resources from copper to phosphate and gold.

Deliveries of U.S. crude oil to Asia are set to touch a record 1.8 million barrels per day this month, Kpler shipping data showed, as demand climbed on a widening discount to global oil.

The new partnership was announced at the Abu Dhabi International Petroleum Exhibition and Conference.

Europe's drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market.

The IPO would start from Nov. 14 to Nov. 21 for retail investors in the UAE and Saudi Arabia, and Nov. 14 to Nov. 22 for institutional investors in both the countries.

Euro-zone manufacturing activity this month hit its weakest level since May 2020, signaling Europe was heading for a recession.

The two firms said in a joint statement that they would work together to develop Lotte's online business in South Korea.

Ukraine now has 20,000 of the little white dishes hidden away across the war zone.

Aramco's net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in a regulatory filing.

For the foreseeable future, macroeconomics remain the driver of a market that remains highly speculative in nature.

Saudi Arabia's gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on Monday, as the world's top oil exporter benefits from higher energy prices.

The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its help, the alliance of top producers was "only a phone call away".

Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.

The Bitcoin blockchain maintains a decentralized and secure transaction record.

Britain is prioritising reaching a free-trade agreement with India, its foreign minister told Reuters on Saturday in his first visit to the country, but declined to give a new deadline after missing one this month.

Auto giant Volkswagen said Friday its recovery in China was accelerating, but sounded a note of caution on geopolitical risks as concerns grow over German dependence on the Asian giant.

Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd's of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia.

Earnings in its crucial memory chips division dropped, the company said in a statement, adding that "demand for consumer products remained weak".

U.S. and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective.

Asian shares rose on Thursday on growing expectations that major central banks could start slowing th pace of interest rate hikes in coming months, while the dollar's retreat lifted commodities and pushed treasury yields lower.

Asian shares edged higher on Wednesday as investors clung to hopes that the pace of U.S.

Oil prices eased on Wednesday after industry data showed U.S.

The big US automaker scored a 37 percent jump in third-quarter profits to $3.3 billion.

Oil prices edged higher on Tuesday, reversing some of the previous session's losses, as the U.S.

South Korea's Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44-billion buyout of Twitter Inc, a person familiar with the matter told Reuters on Monday.

Goldman Sachs has launched a joint venture in China with local logistics company Sunjade in a bid to boost investment in Chinese logistics.

Hyundai Motor Co raised earnings guidance on Monday, buoyed by premium vehicle sales and a foreign exchange lift.

A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and U.S.

India's competition regulator on Thursday ordered Alphabet Inc's Google to change its approach to its Android platform and fined the U.S.