Russia becomes world’s fourth-biggest LNG producer, says PM
MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year.The Russian Prime...Business Economy Energy Global
Tesla reports drop in auto sales
The decline was in part due to a weak sales market in China.Business
It’s official: Saudi Arabia will host World Expo 2030
The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.
This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.
Abha Valley has potential to be a tourist destination
ABHA, SAUDI ARABIA - Extending over 34 kilometers, the Abha Valley Basin enjoys a variety of wildlife aspects, civilizational features...The Abha Valley abounds in environmental diversity, which explains its array of mountain plants.
The rugged areas of the highest point of the valley form the right habitat for the Arab tiger,
SNB Capital ignites Saudi derivatives revolution
SNB Capital's Single Stock Options debut marks a leap forward, enhancing liquidity and expanding investor choices.Tadawul transforms from a derivatives novice to a major player with diverse instruments, attracting global investors.
Launching Single Stock Options amplifies market liquidity, providing new investment avenues, and managing risks effectively.
Ooredoo, QNBN sign agreement
The two companies will jointly develop Doha Port.The agreement represents a strategic partnership and reflects a commitment to driving innovation to build a more connected Qatar.
Qatar National Broadband Network was established to implement the highest global standards in evolving telecommunication infrastructure.
Egypt jumps to third place in Offshore BPO Confidence Index
Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023...Egypt's BPO industry demonstrated steady growth, with digital exports increasing from $4.5 billion in 2022 to $4.9 billion in 2023.
The country targets doubling export revenue to $9 billion by 2026, creating over 200,000 direct job opportunities.
Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...The collaboration stems from a memorandum of understanding signed in March 2022 between PIF and K-SURE.
The transaction will mark PIF’s first financing covered by an export credit agency, as it continues to diversify its sources of funding.
Saudi banks see moderate improvement in margins in Q3: report
Riyadh, Saudi Arabia - Operating income of Saudi banks increased by 2.9 percent QoQ, majorly due to net-interest income (NII)...Top 10 lenders demonstrate resilience with a 2.9 percent quarter-on quarter (QoQ) increase in operating income, fueled by robust net interest income growth
Moderated credit growth is anticipated in Q4’2023, underscoring a positive economic outlook, driven by non-oil sectors and sustained government spending
EasyJet rebounds into annual profit
Profit after tax stood at £324 million.Profit after tax stood at $409 million in the 12 months to the end of September on higher demand and increased fares, EasyJet said
"We see a positive outlook for this year with airline and holidays bookings both ahead year on year," EasyJet chief executive said in the statement.
$128 billion in US company deals during Dubai Airshow: US Ambassador
Abu Dhabi, UAE - Martina A Strong, the US Ambassador to the UAE revealed on Monday that American companies secured...Martina A Strong underlined the UAE's significance as a market for American companies, highlighting the presence of over 1,500 American businesses
The companies are drawn to the UAE's strategic location, its pro-business environment, and its gateway to burgeoning regional markets, she noted
Fashion giant Shein to go public
Shein was valued at $66 billion earlier this year.The company was valued at $66 billion earlier this year, and a public presence by the company in the United States could make huge waves on Wall Street
Shein recorded $23 billion in revenue and $800 million in net profit in 2022, Journal said reporting that firm has told investors it has posted new records in 2023
