Trump announces 25% tariffs on foreign-built vehicles
US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners...Economy
Real challenges of digital transformation
Blockchain enhances security and efficiency by decentralizing data storage, and reducing fraud, David Boast tells TRENDS in an exclusive interview.Technology
Oil-reliant Saudi revises budget, projects deficit
The Gulf kingdom, the world's biggest crude exporter, had planned for a surplus of 16 billion Saudi riyals ($4.27 billion)...Oil revenue this year has fallen by 17 percent as prices have dipped and Riyadh has cut production in a bid to boost them
Daily output is currently nine million barrels per day, down two million barrels from this time last year
‘Cooperation key in establishing global work agenda’
"The Summit acts as a nexus, uniting government officials, international organizations, business magnates, community institutions, scholars, and innovators. This collective...The World Governments Summit Organization emphasizes global dialogue and partnerships
The Summit acts as a nexus for government officials, scholars, and innovators, says a UAE official
Libya and Italy sign MoU to boost cooperation in civil aviation
Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and...In September, a Rome-bound aircraft departed from Tripoli restarting flights to Italy after a nearly decade-long suspension due to an EU ban
The agreement looks to boost cooperation between air transport companies to operate charter and regular flights between the two countries
Saudi Arabia’s coffee production exceeds 800 tons annually
Riyadh, Saudi Arabia - Saudi Arabia is among the top 10 countries in the world in coffee consumption, leading the...The Kingdom hosts more than 2,535 coffee farms in the Southern Region, including over 500 model coffee farms
The country has also signed an agreement for the establishment of the Kingdom's first coffee city
Saudi Arabia, Pakistan ink pact on digital transformation, innovation
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...Under the terms of the MoU, Saudi Arabia and Pakistan will strengthen their SME and start-up ecosystems.
They will cooperate on policies, regulations and legislation in the digitization and electronic manufacturing sectors.
Saudi Arabia’s consumer spending up 8% to reach $30bn in Aug
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from...Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada".
E-commerce sales through Mada cards increased 27 percent YoY to SAR 14.4 billion in August, marking the highest-ever sales value.
ROSHN group opens sale for SEDRA phase 3 units in Riyadh
RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...SEDRA phase three will add 3,438 more houses to ROSHN’s first integrated development; 1,904 units are for sale in this initial sales tranche.
SEDRA 3 offers prospective residents eight options of floor plans and eleven facades, in single- or multi-family configurations,
Threats and violence as Turks feud over soaring rents
The government has capped property rent increases at 25 percent for households, and aligned them with the official inflation rate...Rents in Turkey have soared by an average of 121 percent over the past year, according to a study published by Bahcesehir University in August
Inflation approached 60 percent in August, but independent t economists say consumer price increases actually reached at least 128 percent
Congress passes bill, averting US government shutdown
Three hours before the deadline, the Senate voted to keep the lights on through mid-November with a resolution that had...Tonight, bipartisan majorities in the House and Senate voted to keep the government open, US President Joe Biden said
Biden berated McCarthy and the House Republicans for reneging on spending levels agreed with the White House months ago
Old Doha Port signs many agreements during Monaco Yacht Show
Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in...The executive director of the Old Doha Port said the objective of the participation in the show was to put the port on the global map
The port officials showcased a model to streamline visiting yachts through a mechanism of entry and exit from Qatar
