Layali Diriyah: Blending scents of history, culture, global flavors
Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance,...
Business
Israel announces ground operations, issues ‘last warning’ to Gazans to remove Hamas from power
Israeli forces this week conducted the deadliest wave of air strikes since the start of a truce in January, killing...
Geostrategy
Business
Saudi EXIM, India EXIM ink MoU
Pact was signed on the sidelines of G20 Summit in New Delhi.
- The primary objective of this agreement is to facilitate the export of products and services between Saudi Arabia and India.
- The key areas of cooperation encompass exporting products and services, the exchange of information and expertise.
Saudi national stopped at Delhi hotel lobby while trying to meet UAE President
New Delhi, India - A Saudi Arabian national attempted to gain access to a five-star hotel in Delhi where UAE...
- Upon questioning by security officials, the man explained that his motivation for being at the hotel was a heartfelt plea for assistance
- Details emerged indicating that the Saudi national had checked into a prominent hotel in Aerocity earlier on the same day
Geostrategy
The relationship between us is in our DNA: Saudi Crown Prince to Indian PM Modi
The state visit of the Crown Prince follows a historic agreement to launch a massive maritime and rail connectivity corridor...
- After his meeting with Prime Minister Modi, the Crown Prince is slated to meet President Droupadi Murmu at the Rashtrapati Bhawan at around 6:30 pm
- The visit comes on the heels of a historic agreement announced on Saturday to launch a mega India-Middle East-Europe shipping and railway connectivity corridor
Economy
Qatar Tourism appoints Olympic champion Mutaz Barshim as brand ambassador
Doha, Qatar - Qatar Tourism has appointed Olympic and World champion, Mutaz Barshim, as its newest brand ambassador. Barshim, who...
- Barshim recently set a world record as the only high jump athlete to win five World Championship medals
- Qatar recently concluded its Summer in Qatar season, which saw the debut of the country’s first-ever Qatar Toy Festival, and ‘Disney on Ice.’
Business
Saudi Arabia’s ROSHN Group announces $2.4bn in commercial partnerships
Riyadh, Saudi Arabia - Saudi Arabia's leading real estate developer, ROSHN Group, announced on Sunday a series of commercial partnerships...
- The most significant deal, valued at SR7.69 billion, was signed with China Harbor Engineering to develop 6,700 residential units in Riyadh's Sedra and Warfa communities
- ROSHN also inked an SR840 million agreement with BC Marine Services to execute canal and bridge works for the recently announced MARAFY project in Jeddah
Business
Alibaba announces surprise departure of ex-CEO
CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on...
- Alibaba is one of China's most prominent technology firms, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment
- After years of turbulence in the Chinese tech sector, Alibaba in March announced the biggest restructuring in its history, dividing itself into six entities
Economy
Kuwait unveils economic reform program, to focus on diversification
Kuwait City - Kuwait has announced a comprehensive economic reform plan for 2023-2027 to address various challenges facing the country’s...
- The program aims to upgrade Kuwait's monetary markets rating in FTSE Russell Indexes from emerging markets to advanced emerging markets
- In the petrochemical and oil sector, the government aims to increase oil production to 3.15 million barrels a day and refinery capacity to 1.45 million barrels a day
Business
Jordan-ASEAN Economic Forum to be held in March 2024, says ACC
AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
- ACC will host the forum, in cooperation with Malaysia, Indonesia, the Philippines, Thailand and Sultanate of Brunei.
- Trade exchanges between Jordan and ASEAN grew by 42 percent during 2022, compared to 2021, ACC's statistical data said.
Geostrategy
With no deal in place with Ukraine, Russia starts grain supply initiative
Moscow, Russia - Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain...
- The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price
- Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement
Business
Alif debuts in the UAE with Alif pay launch
Dubai, UAE - Alif, a Central Asian fintech leader, is expanding its presence into the United Arab Emirates (UAE) with...
- Among the services that Alif Pay will introduce in the UAE are "Send Now Pay Later," a payroll platform, a travel prepaid program, "Buy Now, Pay Later"
- According to data from the World Bank, outward remittances from the UAE reached an impressive $47.54 billion in 2021, with expectations of continued growth
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Layali Diriyah: Blending scents of history, culture, global flavors
Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance,...
Business
Company News
Latest News
Diriyah unveils 20,000-seat arena in $63bn Saudi masterplan
Diriyah, Saudi Arabia - Saudi Arabia, has revealed plans for "The Arena in Diriyah," a monumental 76,000-square-meter lifestyle facility set...
Saudi inflation rises to 1.8% in February
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...
Economy
Ajman records real estate transactions worth US$195m in February
AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said...
Business
Most Read
Economy
MENA region could gain $385bn from women reentering workforce: survey
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...
- Nearly half of working women in the MENA region have taken a career break, with over 68% taking them at experienced levels and above, the study reveals
- Providing flexible working models that enable women to work additional hours could generate close to US$4.3 billion in GDP gains in the nine countries surveyed
Global child deaths reach historic low in 2022: UN report
Geneva, Switzerland – The number of children who died before their fifth birthday has reached a historic low, dropping to...
- The report reveals that more children are surviving today than ever before, with the global under-5 mortality rate declining by 51 percent since 2000
- The loss of life is primarily due to preventable or treatable causes, such as preterm birth, complications around the time of birth, pneumonia, diarrhea, and malaria
Business
Over 70% report revenue surge in UAE from digital payments, Visa finds
Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since...
- The study focused on two groups of merchants - those accepting digital payments for 1-4 years and those exclusively dealing in cash transactions
- 95% of digital payment-accepting merchants believe that the value derived from digital payment acceptance are on par with or exceed the associated costs