Mawani gets 79.01 points in UNCTAD’s Liner Shipping Connectivity Index for Q4 2023
RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) attained its highest improvement in the UNCTAD's Liner Shipping Connectivity Index...
Economy
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
Geostrategy
Business
Alkhorayef records dip in profit
The company's profit declined to $27.4 million in 2021.
- Despite an increase in revenues by 9.2 percent to SR569 million during the same period, profits declined due to cost of revenue and “increase in projects on-hand"
- Although profits dropped, the firm's board of directors approved SR1.5 per share as a dividend for the second half of 2021
Business
Mawani signs MoUs with Huawei, Ericsson to push Smart Ports program
The Saudi Ports Authority (Mawani) on Sunday launched the Smart Ports initiative in a bid to enable Saudi ports apply...
- The program is aimed at enabling Saudi ports to utilize 5G, AI and other technologies besides boosting their competitiveness..
- Ports account for more than 90 percent of the Saudi export movement, according to President of Saudi Ports Authority, Omar bin Talal Hariri.
Arts & Culture
Gulf region’s biggest wellness festival begins in Saudi Arabia
The AlUla Festival for Recreation and Relaxation, which is considered the largest festival of relaxation and wellness in the Gulf...
- The 10-day event began with the opening of “Five Senses Sanctuary” designed among the rocks of the ancient mountains of the Kingdom of Dadan.
- The launch included the presence of the spokeswoman for women's rights, Manal Rostom, who shared her experiences with the audience.
Business
Al Rajhi Bank to provide digital guarantee service in Saudi Arabia
Al Rajhi Bank of Saudi Arabia will start providing a digital guarantee service through the electronic financial services platform called...
- The new service intends to ensure smooth financial operations for beneficiaries, according to a bank statement
- Al Rajhi Bank customers in the corporate sector will be able to issue digital guarantees and easily link them to the beneficiary electronically via the platform
Economy
Kuwait to hire 1,000 non-Kuwaiti teachers for academic year 2022-23
Kuwait’s Ministry of Education has said it will hire 1,000 non-Kuwaiti male and female teachers to fill the shortage in...
- An applicant must be a University graduate qualified to work in general education schools in 11 different specializations.
- The majors required of males are English, French, mathematics, science, chemistry, physics, biology, geology and philosophy.
Business
Prodded by high oil prices, Saudi stocks gain in initial trade
Spurred by yet another round of increase in oil prices, shares on Saudi stock exchanges opened higher on Sunday with...
- In energy markets, oil prices closed the week higher with Brent crude gaining $1.29 to $107.93 a barrel, while WTI crude up $1.72 to $104.70 a barrel
- Anaam International Holding Group rose 6 percent to lead the gainers, while Bupa Arabia for Cooperative Insurance Co. fell 2.2 percent leading the fallers
Geostrategy
Saudi Arabia, UK sign MoU for peaceful use of outer space
SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU with the UK’s Minister of State for Business,...
- SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU on behalf of Saudi Arabia
- The UK’s Minister of State for Business, Energy, and Industrial Strategy Kwasi Kwarteng signed the deal for his country
Geostrategy
Arab Parliament hails EU decision to sanction Houthi group
The Arab Parliament (AP) welcomed the decision by the Council of the European Union to include the Houthi terrorist militia...
- The Council’s amended regulation follows the recent UN Security Resolution which designates Houthis a terrorist group for the first time
- The Arab Parliament affirmed that this decision is an important step to put an end to the terrorist acts carried out by the Houthi coup militia
Business
UFC, martial arts group, to return to UAE in October
The world’s premier mixed martial arts organization UFC will return to UAE in October 2022 at Abu Dhabi Showdown Week...
- The UFC 281 will be the third event of a five-year partnership between DCT Abu Dhabi and the UFC
- It will mark the promotion’s 17th overall event in Abu Dhabi, dating back to UFC 112: INVINCIBLE in April 2010
Business
Expo 2020 achieves another milestone, records 20m visits
Expo 2020 Dubai, the largest global gathering since the start of the pandemic, reached the milestone of 20 million visits...
- Dubai Expo 2020 is the biggest event ever to be held in the Arab world with cultural, numerous educational and entertainment experiences
- The appearances of Global leaders, sporting heroes, renowned artists and superstars formed some of the 32,000 events and attractions at the Expo
Mawani gets 79.01 points in UNCTAD’s Liner Shipping Connectivity Index for Q4 2023
RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) attained its highest improvement in the UNCTAD's Liner Shipping Connectivity Index...
Economy
Company News
Zain KSA shares go up
Business
Bayanat AI to list shares on ADX
Business
Latest News
Reliable Engineering opens plant
Business
GCC growth may slow down in 2023 and 2024
The regional economies -- set to expand by 6.9 percent in 2022 -- may moderate to 3.7 percent and 2.4...
Economy
ADIB, ADGM to support growth needs of Abu Dhabi financial community
Abu Dhabi, UAE -- Abu Dhabi Islamic bank (ADIB) and Abu Dhabi Global Market (ADGM) will collaborate to support the...
Business
Masar, BTC Network sign agreement for info center, infrastructure
Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction, owner and developer of Masar, the SR100-billion ($26 billion) destination in Makkah,...
Business
Most Read
Business
FSRA grants Binance permission to provide crypto custody services
Abu Dhabi, UAE---Binance, world's biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial...
- Binance received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).
- ADGM, the International Financial Centre in the capital of the UAE, introduced the world’s first comprehensive and robust virtual asset regulatory framework in 2018.
Business
Arada to participate in Gulf’s largest real estate show, Cityscape Dubai
Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the...
- Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the strong investor demand for property in the UAE
- Arada has so far launched three master-planned communities with a total value of AED 33 billion, making it the largest developer in Sharjah
Science
Kuwait sets 2060 as date to reach carbon neutrality
Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across...
- According to Kuwait's Environment Public Authority chief, Kuwait intends to embrace a national strategy to achieve the target
- The chief said the country is also keen to develop program to reduce carbon emissions through low-carbon development strategies in the oil and gas, energy, transport, industry