Based on the estimates of the General Authority for Statistics’ Labor Force Survey, the overall unemployment rate in Saudi Arabia (for Saudis and non-Saudis) was 4.8% in Q4/2022, decreased from last quarter by 1.0 percentage points (pp) and from a year…

Asian shares were mostly higher on Tuesday, the Associated Press reported.Japan’s benchmark Nikkei 225 edged up 0.2% to finish at 27,518.25. Australia’s SandP/ASX 200 jumped 1.0% to 7,034.10. South Korea’s Kospi added 0.9% to 2,430.16. Hong Kong’s Hang…

Asian shares were mixed on Monday, the Associated Press reported.Hong Kong’s Hang Seng gave up 0.5% to 19,815.03, and the Shanghai Composite index lost 1.1% to 3,231.28.Tokyo’s Nikkei 225 added 0.4% to 27,501.60, and the Kospi in Seoul shed 0.3% to 2,4…

Aramco has signed definitive agreements to acquire a 10% interest in Shenzhen-listed Rongsheng Petrochemical Co. Ltd. (“Rongsheng”) for RMB 24.6 billion ($3.6 billion at current exchange rates), in a deal that would significantly expand its downstream …