Riyadh Season 2023 on track to outshine previous edition with over 15m visitors
Riyadh, Saudi Arabia - Riyadh Season 2023 is poised to surpass the record set in 2021, with over 15 million...Economy
Global HQs help Saudi youth boost skills, get jobs
The presence of multinationals promises a transfer of expertise and skills, enhancing opportunities for Saudi youth and contributing to the...Economy
Saudi Index at lowest levels since January
Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...The Saudi Stock Exchange's general index recorded its lowest level since January and ended the week down by nine points
The Dubai market managed to rise above 3200 points, supported by a rise in real estate and investment shares, during the week
DEWA, Azerbaijan discuss bilateral ties, energy, business prospects
DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest...DEWA , Azerbaijan discussed investment in oil exploration and production projects, crude oil trading
The two sides reviewed issues of mutual interest in the energy sector and long-term investment opportunities
Ukraine may take 10 years to build infrastructure to skirt blockade
It would take Ukraine a decade to build infrastructure to replace its Black Sea ports, whose blockade by Russia is...Millions of tons of wheat and other grain have been stuck in Ukrainian ports since Russia invaded the country
Ukrainian minister said that evidence from satellite images showed Russia transporting stolen grain to Syria
Skilled worker shortage hits Qatar, Kuwait: Report
75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with...75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills
In Saudi Arabia and the UAE, 58 percen and 46 percentt of respondents respectively said that there is a skilled labour shortage
With $833bn in output, Saudi continues to be largest Arab economy
Saudi Arabia has consolidated its position in the Arab world as the largest economy, posting a domestic output of $833.5...The UAE was the second largest Arab economy, with $410 billion — 14.6 percent of the total
Egypt ranked third, with a production of $402.8 billion
Saudi Arabia to invest $3bn in vaccines, vital medicines industry
Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented...Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented in several stages
The second phase, the minster said, will focus on localising immunological and cancer treatments technologies
New rocket attack targets northern Iraq gas complex
A Katyusha rocket struck near an Emirati-owned gas complex in northern Iraq on Friday, a local official said, the second...The rocket targeted the Khor Mor gas complex in the autonomous Kurdistan region without causing any injuries or damage
Energy infrastructure in the autonomous Kurdish region of northern Iraq has come under repeated attack in recent weeks
US recession would be ‘necessary price’ to defeat inflation: IMF chief
With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of...The Washington-based crisis lender again slashed its US growth forecast to 2.9%, from the 3.7% forecast in April
The Fed last week implemented the biggest increase in its benchmark lending rate in nearly 30 years, as part of its aggressive effort to quell inflation
Abu Dhabi officials in Canada to discuss clean energy solutions
A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders...Department of Energy officials in Canada showcase Abu Dhabi’s experience in promoting energy efficiency and sustainability
The officials discuss opportunities for collaboration in energy efficiency and advanced clean energy solutions
Saudi Arabia, Djibouti sign agreement on maritime transport
The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which...The maritime transport pact between Saudi Arabia and Djibouti aim to strengthen relations at the strategic level
The agreement aims to open new horizons for cooperation in various fields between the two countries
