Elie Saab to showcase Riyadh Season Fall Collection 2025
Riyadh, Saudi Arabia -- Renowned fashion designer Elie Saab will unveil the Riyadh Season Fall Collection 2025 after signing an...Business Culture & Society
Biggest fuel refinery plant of Africa begins production
Lagos, Nigeria - Africa's biggest diesel and aviation fuel refinery built by the continent's richest man has started production, the company...Business Energy
GreenDome of UAE buys out Elite Co. for an unknown sum
GreenDome Investments has bought out Elite Co. from Prama Holdings, in a deal representing one of the region’s largest acquisitions...Elite Co., a leading fully integrated land freight and courier solutions providers in the Middle East, has state-of-the-art operations and assets across Oman, Bahrain, Qatar
GreenDome Investments aims to build an integrated end-to-end logistics services powerhouse to tap into the Middle East
Sophia Lauren names cruise ship MSC Virtuosa at Dubai’s Mina Rashid
Dubai hosted the naming ceremony of a cruise ship, MSC Virtuosa, which was officially named by Hollywood star Sophia Lauren...MSC Cruises, the world's third-largest cruise operator, had chosen Dubai for the naming ceremony.
The ceremony was held at Port Rashid in partnership with DP World and Dubai’s Department of Economy and Tourism.
Iraq stresses balance in energy market ahead of Dec OPEC meeting
Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding...Iraq's National Oil Marketing Company says it does not see necessity of any decision on increasing oil production.
OPEC + has decided to maintain the monthly increase rate of 400,000 barrels in December.
Kuwait to adopt rules allowing players to dedicate more time to games
Director-General of the Kuwaiti Public Authority for Sport Humoud Flaiteh has said that new sports rules will be adopted soon,...Distinguished individual athletes representing Kuwaiti national sports teams are also entitled to the same status in line with the imminent regulations.
The rules are just a step towards the application of professional athleticism in the country, a minister said.
Omicron batters indices across MENA
Stock markets across the MENA region suffered losses on Sunday as dip in oil prices and mounting concern over ‘Omicron’...The Saudi stock market's main index falls by more than 5% to 10,700 points
The Abu Dhabi Stock Exchange index (ADX) drops by 2.6% to 8230 points
Saudi Arabian dunes to host Dakar Rally 2022
The Dakar rally will be raced across the daunting deserts of Saudi Arabia again in 2022 with organizers on Sunday...The January 1-14 endurance test will be a third Dakar rally in Saudi Arabia
The landscape and backdrop of the course is similar to the last edition, and it begins and ends after 12 stages in the port city of Jeddah
Why are global freight rates so high?
As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across...The global shipping industry suffered like every other industry in 2020 due to the Covid-19 pandemic
It was expected to bounce back like all of them, and thereby spearhead the global economic recovery
Saudi Arabia hosts region’s biggest cybersecurity event
It will be held at Riyadh Front, one of the entertainment zones for Riyadh Season 2021.The @Hack event is considered the biggest cybersecurity conference in both Asia and Africa, and registration is free of charge
It is expected to be help the SAFCSP achieve the goal of having one programmer out of every 100 Saudis by 2030
Big WTO conference postponed due to new Omicron variant
The Omicron variant of Covid-19 has led to travel restrictions, which has forced the WTO to postpone the ministerial conference...The meeting was the World Trade Organization ministerial conference, the global trade body’s biggest gathering in four years
It has been cancelled a second time as it was originally scheduled for June 2020
Saudi PIF aims to invest $1.1 trillion by 2025
The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both...PIF owns a 62.72 percent stake in Lucid Electric Vehicles Company, which has a current market value of $71 billion
More than 331,000 people in Saudi Arabia have found work due to the Fund establishing 26 local businesses and assets
