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Thursday, Oct 06, 2022
World's Arab Press Reports
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UN rights chief says many applicants seeking to replace her
The United Nations human rights chief Michelle Bachelet said on Thursday she did not know who her successor would be, adding that many candidates had applied to replace her.
"The only thing I know is a lot of people applied – some people say over 50," she said in a press conference ahead of the end of her term on Aug. 31.
She said she was not concerned about a leadership void, since her office would help with the transition period.
China reopening will wipe out meagre spare oil production capacity, warns Aramco CEO
Global markets need to accept that spare capacity from oil producers is very low, the CEO of Saudi Aramco has warned.
WTO slashes 2023 global trade forecast as fears of recession looms
The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia’s war in Ukraine and other shocks take their toll on the world economy.
Riyad Bank completes offering of $1bn sukuk
Riyad Bank has completed the offering of its Saudi riyal-denominated additional Tier 1 capital sukuk worth SR3.8 billion ($1 billion).
UAE healthcare provider Burjeel's IPO 29 times oversubscribed, final price set at $0.54
The UAE-based private healthcare provider Burjeel Holdings set its final offering price at 2 dirhams ($0.54) per share following the completion of its bookbuild and public subsc...
Etihad Airways named MENA airline of the year
Etihad Airways was named Middle East & Africa Airline of the Year at the Airline Economics Aviation 100 Awards.
OPEC+ agrees output cut of 2 million barrels per day despite US concerns
Oil prices edged up after the Organization of the Petroleum Exporting Countries and its allies, including Russia, agreed an output reduction of 2 million barrels per day from No...
Strong growth primarily driven by economic reforms, says Saudi finance minister
Leaders of the Gulf Cooperation Council are keen to see the group achieve “the highest levels of economic integration,” said Saudi Finance Minister Mohammed Al-Jadaan.
Russian firms eye stronger business ties with Saudi Arabia amid western sanctions
A business delegation of 23 Russian companies held talks with Saudi firms in Riyadh on Oct. 4 amid a growing call from the US and EU to cut ties with Kremlin entities.
UAE non-oil economy strengthens as PMI stays over 56 mark in Sept: S&P Global
The UAE continues to witness strong growth in business conditions across the non-oil economy although its Purchasing Managers’ Index slightly declined to 56.1 in September over ...
Saudi Arabia’s PIF raises $3 billion with debut green bonds
Saudi Arabia’s Public Investment Fund was set to raise $3 billion on Wednesday in its first foray into the debt capital markets, taking advantage of a brief period of calm to be...
Saudi Arabia’s non-oil economy maintains growth
Saudi Arabia continues to maintain ongoing expansion in its non-oil economy as output and new orders recorded gains, leaving the Kingdom’s Purchasing Managers’ Index at 56.6 in ...
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