Saudi Arabia to host WEF special meeting in April
Davos, Switzerland — Saudi Arabia will host a special meeting of the World Economic Forum (WEF) in Riyadh this April, Saudi...Business
Google CEO says more layoffs are likely this year
SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine...Business Tech & Media
Muscat raises foreign ownership in joint stock companies to 100%
The decision to raise the percentage of foreign investment in public companies is one of the most important steps to...The decision to raise the percentage of foreign investment in public companies is one of the most important steps to include the market in global emerging market indices
Oman plans to list 35 state-owned companies in the next five years, with a focus on listing one or two firms from the oil sector during the current year
Jordan’s trade deficit with EU expands 12.9% to $3.77bn
Jordan’s trade balance deficit with the European Union countries expanded by 12.9% in 2021 compared to 2020.Total trade deficit reached about JD2.671 billion ($3.77 billion) in 2021
The value of national exports to EU countries increased by 29.9 per cent during 2021
Bahrain and the Netherlands discuss ways to boost ties
Bahrain and the Netherlands discussed ways to strengthen cooperation and boost the youth sector in both countries through exchange of...Both sides lauded the distinguished relations between Bahrain and the Netherlands in all fields
They also highlighted the major initiatives and programs launched to support the youth sector
UK PM may visit Saudi Arabia to lobby for uptick in oil output
Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers,...Senior cabinet minister Michael Gove did not deny a report in The Times on Saturday that Prime Minister Boris Johnson is set to visit Riyadh this week
The newspaper said Johnson will lobby Saudi Crown Prince Mohammed bin Salman to help offset the impact of the Ukraine-linked sanctions
Tibbiyah posts 14% drop in profit
Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21...Despite the fall in profitability, the company's board proposed the distribution of SR3 per share in dividends for 2021
The company said the drop in profit was caused by a decline in sales
SAMI of Saudi Arabia to hire more women to support diversity
Saudi Arabian Military Industries (SAMI) will hire more staff and most of them will be women in order to support...Unit last year, SAMI had about 2,500 employees, with 82 percent Saudization and females representing 22 percent of the workforce
At the end of 2021, SAMI was among the top 85 defense companies in the world
Saudi women drive for extra cash as costs climb
Sweeping social reforms, including lifting the infamous ban on women driving, have transformed life for many Saudis, but rising costs...According to the official data, women made up more than a third of the workforce in 2021
Over 200,000 women in Saudi Arabia have been issued driving licenses since 2018
Egypt nixes reports that Suez Canal traffic is falling
The key trading link is setting new records, said the government, quoting the Suez Canal Authority.About 10 percent of global trade, including 7 percent of the world’s oil, flows through the Suez Canal
First opened in 1869, the canal is a source of national pride and foreign currency to Egypt
QFD unveils Morocco housing
The residential complex is located in Bir Al-Souk in Morocco.The residential complex is expected to have 12 buildings consisting of three floors and a basement
Each floor contains four apartments, with each apartment having an area of 72 square meters
Saudi Arabia to grant licenses to renewable energy facilities
Saudi Arabia will grant industrial licenses to facilities operating in the renewable energy sector and power plants in order to...The Ministry of Industry and Mineral Resources and the Ministry of Energy have partnered with the Non-Oil Revenues Development Center to grant the licenses
The Ministry of Industry and Mineral Resources also provides many incentives and benefits to investors in the sector
