Air cargo demand rebounds in 2023 amid economic uncertainty
Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to...Business
Middle Eastern carriers record 1.6% increase in air cargo demand: IATA
Geneva, Switzerland -- Middle Eastern carriers reported a 1.6 percent increase for global and international demand in 2023 compared to 2022...Business
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
Qatar Airways stops Africa flights
It has stopped flights to South Africa, Zimbabwe, and Mozambique.The cities affected are Johannesburg, Cape Town, Durban, Harare, and Maputo
The restriction on travelers and flights will reportedly remain same until further notice from the WHO
Siemens lands UAE deal
This partnership is expected to support UAE Industry 4.0.The program, overseen by MoIAT and Siemens, will address a broad range of topics
The aim is to accelerate the transformation of the manufacturing sector towards industry 4.0 in the UAE
Saudi Arabia cancels maximum age for foreign pilgrims
Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.The age limit for overseas pilgrims to perform Umrah was between 18-50
On average, 18.5 to 20 million people visit Saudi Arabia every year to perform Umrah
EFG Hermes of Egypt unveils new digital trading platform
EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched...It said the new application will feature a wider range of brokerage services, a fully digitized on-boarding process, a digital payment gateway and more
The app now also features a digital payment integration system powered by PayTabs Egypt, enabling users to process payments simply and efficiently
