Oil sees fluctuating prices, shifting output trends
The crude oil market experienced significant volatility in the year 2023, with prices swinging dramatically, influenced by various global factors.Business Energy
Paris stocks hit record thanks to luxury
Europe's main stock markets shot higher, with Paris closing at a record high as shares in LVMH surged on record...Business Economy Markets
HSBC offering Saudi’s first climate-focused investment fund
DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will...The fund will provide customers participation and direct access to investments that help reduce the impact of climate change.
SABB’s Corporate & Private Banking clients among suitable clients in the kingdom.
DEWA’s sustainability report out
It focuses on social, economic and environmental aspects.The 8th annual Sustainability Report 2020 focuses on DEWA’s efforts in promoting sustainability with its social, economic and environmental aspects
The authority follows the best international practices as well as sustainable and integrated systems that ensure providing value-added services
Jeddah Islamic Port ranks 37 on Lloyd’s list of 100
Jeddah Islamic Port, the largest in Saudi Arabia, has ranked 37 on Lloyd’s list of top 100 global ports in...The 2021 edition of Lloyd’s list of top 100 ports was recently published, measuring the annual container throughput volumes of global ports in 2020
Jeddah Islamic Port had reported a growth of 6.8 percent in 2020, with volumes increasing to 4.7 million TEUs (twenty-foot equivalent unit) from 4.3 million TEUs in 2019
Work starts on Egypt’s $9bn high-speed train
Work began on Egypt's $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across...Egypt began implementing its first high-speed train project
The Egyptian contracting companies are completing the preparation of the road
Dubai Metro to open Jumeirah station on Sept 1
The station would be opening well ahead of the beginning of the Expo 2020 Dubai events, which it will be...The station is expected to be able to serve 11,555 riders per hour during peak times, and about 250,000 riders per day
It has two train-boarding platforms, four bus stops, and 20 taxi stands to pick up and drop off riders, along with hundreds of free parking spaces in its surroundings
Holy and worldly offerings of Saudi tourism
The Arab world's most powerful economy is devoting enormous resources to attracting at least 100 million tourists by 2030. TRENDSMENA...King Fahd Fountain, the tallest fountain in the world, holds up to 318 tons of seawater and measures 312m in height.
Masjid al-Haram comprises 13 minarets, while five main entrances/doors and hundreds of subsidiary doors give the building its overall form.
Truckmaker Scania pauses production over chip shortage
This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020
"It's a difficult period and too many things are pointing in the wrong direction," Scania spokeswoman Karin Hallstan told AFP
Abu Dhabi Media taps STARZPLAY to stream AFC matches
Enthusiasts may buy a subscription of 2 sports channels for AED15 (a little more than $4) or the entire STARZPLAY...From September, the matches are expected to be streamed on STARZPLAY
The streaming will start with the Asian qualifying matches for the FIFA World Cup 2022 in Qatar
Foreign investment in Saudi markets rose 150% in Q2
The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.Saudi Arabia was granted membership of the World Trade Organization in 2005
This is opened up the country to ever-increasing investments from foreign parties
Turkey buys drones from firm where Erdogan kin is CTO
The drones have been made by Baykar, whose CTO is the son-in-law of Tuekey’s president.The UAVs, called Akinci, have been made by private drone-maker Baykar
The Turkish military on Sunday took delivery of these drones, whose name means “raider” in Turkish
