RIYADH: Petrochemical prices will remain better than last year, even with the 15 percent drop in 2020 compared to 2019, as the market continues to adapt to the effects of the coronavirus pandemic, Mutlaq Al-Morished, CEO of the Saudi National Industrialization Co.
Sales of luxury villas, sea-view apartments and second-hand family houses jumped in March, re-energizing a property market that saw a sharp fall in activity at the height of the pandemic and had been in a five-year slump prior to that, Reuters reported at the time.
RIYADH: All Red Sea Project assets, including resorts, hotels and facilities, run through smart control systems that allow enough light as needed while being careful to save energy consumption and reduce waste, said Myriam Yaniz, director of lighting management at the company.
Demand deposits increased 14.2 percent to SR1.29 trillion in the 12 months to the end of February, making up 88 percent of total deposits with savings and foreign deposits accounting for the rest.
RIYADH: Egypt’s price-setting committee raised domestic fuel prices on Friday for the first time since it was formed in October 2019 following the completion of subsidy reforms, the petroleum ministry said in a statement.