Economy

PUTRAJAYA, May 3 — In reaction to a widely reported event on social media on April 28, the Road Transport Department (RTD) has issued a recall notice for 600 units of Chery's Omoda 5 model vehicles, effective immediately. The RTD…

Saudi energy giant ACWA Power has secured an $80 million equity bridge loan from the Bank of China for its Uzbekistan initiatives. According to an official press release, the payment is split equally between Chinese yuan and US dollars,…

The International Monetary Fund has raised its expectations for Saudi Arabia’s economic growth in 2025 to 6 percent – up from 5.5 percent predicted earlier this year. In its latest report, the IMF also noted that the Kingdom’s output …

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would herald a new era of strategic and commercial partnerships between the two long-time…

KUALA LUMPUR: The Small and Medium Enterprises Association of Malaysia (SAMENTA) has encouraged small and medium enterprises (SMEs) to repatriate and convert export proceeds into ringgit to bolster the local currency. Its president Datuk…

Unclaimed money can still be returned to owners even after the 15-year period has lapsed, says the Accountant-General's Department. "The lapsed period will have no effect for those with unclaimed money and want to claim it. "The…

RIYADH: The value of Saudi Arabia’s date exports increased by 14 percent in 2023, reaching SR 1.462 billion ($390 million), compared to SR 1.280 billion in 2022, according to a report released by the National Center for Palms and Dates.…

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on profit-taking as market players await the outcome of the international palm oil conference. Interband group of companies senior…

Besides, those reserves should be squirreled away against possible further downturns. That’s because the real danger here is the high degree of uncertainty at the heart of the projection. This forecast does not factor in still-evolving…

Besides, those reserves should be squirreled away against possible further downturns. That’s because the real danger here is the high degree of uncertainty at the heart of the projection. This forecast does not factor in still-evolving…