Riyadh, Saudi Arabia - Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro,...
G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added...Mohammed bin Rashid Al Maktoum Solar Park will have a production capacity of 5,000 megawatts (MW) by 2030.
The fifth phase is currently underway, with a total capacity of 900MW and investments estimated at $560 million.
5G network will help Nedaa provide better services.With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by...The seasonally adjusted real GDP increased by 2.6 percent in the third quarter 2022 compared to the second quarter this year.
Non-oil activities grew by 5.6 percent and government services activities by 2.4 percent on a year-on-year basis.
Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus...In contrast to mainland China where crypto has been all but banned, Hong Kong is looking to relax regulations and claw back some of the business that has left
A fintech conference opened on Monday and will be followed on Wednesday by a finance summit attended by some of the world's top bankers
- The scale of the loss can be gauged from the fact it is slightly more than the annual economic output...
The scale of the loss can be gauged from the fact it is slightly more than the annual economic output of Morocco ($132 billion)
The loss could mean that the bank halts payouts to the Swiss federal and cantonal governments next year
- The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities...
The new industrial strategy envisages tripling the country’s industrial domestic product and doubling the value of industrial exports to $148.2 billion.
The Crown Prince said the program will make the kingdom a leading industrial power that “contributes to securing global supply chains and exporting high-tech products to the world”
- The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at...
While activity at larger businesses expanded in October, work at small and medium-sized enterprises contracted significantly
The economic slowdown has also been exacerbated by a crisis in the massive property sector, where a series of debt-laden developers have defaulted on loans
The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1.The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1
Refund of input tax includes expenses related to the actual construction process of the mosque
- The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities...
Egyptian President Abdel Fattah Al-Sisi has issued a directive during the inauguration of the first International Forum and Exhibition for Industry
The decision came following Egypt’s agreement with the International Monetary Fund, allowing the country to obtain an extended credit facility of $3 billion
