‘Davos in the Desert’ a major draw for world business and finance

The event was an opportunity for the kingdom to showcase its eagerness to reshape its economy by diversifying its activities from oil. World leaders and economy titans from 30 countries converged on Riyadh for the third Saudi investment conference that sought to enhance collaboration on issues such as sustainability, technology and the future of societies. […]

UAE announces major new oil, gas discoveries

The UAE pumps about 3 million barrels of oil per day (bpd) and produces 10.5 billion cubic feet of raw natural gas, ADNOC said. ABU DHABI – The United Arab Emirates, a leading OPEC producer, announced “significant” oil and gas discoveries and introduced a new pricing mechanism for Abu Dhabi flagship Murban crude. The UAE’s […]

Saudi Arabia plans to launch carbon trading scheme

by Rania El Gamal RIYADH: Saudi Arabia plans to launch a carbon trading scheme as the G20 member aims to diversify its energy supplies and reduce carbon emissions, the energy minister of the world’s top oil producer said on Wednesday. Carbon trading schemes are emerging all over the world as governments try to meet targets […]

Morocco’s 2020 draft budget bill to boost purchasing power

Budget of $9.1 billion is allocated to national education and health care while $1.46 billion is allocated to Caisse de Compensation to maintain subsidy of butane gas, sugar, flour. by Saad Guerraoui CASABLANCA The Moroccan government said that it will allocate almost Dh26 billion ($2.6 billion) to boost Moroccans’ purchasing power, especially the middle class. […]

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