• US sanctions Taiwan company for North Korea dealings

    WASHINGTON — The US Treasury on Friday set sanctions on a Taiwan company and its chief executive for their ties to an effort to supply arms-related equipment to North Korea.

    The Treasury named Trans Multi Mechanics Co. of Taichung, Taiwan, …

  • CPC signs $150m deal with Standard Chartered

    JEDDAH – Construction Products Holding Company (CPC), the industrial arm of Saudi Binladin Group (SBG), has secured a $150 million Murabaha facility from Standard Chartered in a transaction rated by world-renowned finance magazine, The Asset, as “the best structured trade …

  • Business climate for Kingdom’s non-oil private sector improves

    JEDDAH — Operating conditions in Saudi Arabia’s non-oil producing  private sector has improved in April, the Saudi British Bank said as it released the results of the Purchasing Managers’ Index it issued along with the Hong Kong Shanghai Banking Corporation …

  • Sony Creative Science Awards winners honored


    Sultan Al-Sughair
    Saudi Gazette

    AL-KHOBAR — Winners in the eight edition of the Sony Creative Science Awards were feted Wednesday in an appropriate awarding ceremony held at the Sultan Bin Abdulaziz Science and Technology Center (SCITECH) in Al-Khobar.

    The ceremony …

  • Positive rebound in oil prices


    Dr. Sami Alnuaim

    This week witnessed a positive rebound in oil prices as a strong signal to the disappearance of the geopolitical factors that lately influenced trades in the oil markets, where the price of Brent crude — the North …

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