Mawani gets 79.01 points in UNCTAD’s Liner Shipping Connectivity Index for Q4 2023
RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) attained its highest improvement in the UNCTAD's Liner Shipping Connectivity Index...Business Economy
World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...Economy Geostrategy Climate Change
Hyperloop to become a reality in years, not decades: CEO DP World
Hyperloop, which is expected to transport passengers and freight at a speed of an airplane, could become a reality before...Sultan Ahmed bin Sulayem said India and Saudi Arabia might roll out the transport system first.
DP World has invested in Virgin Hyperloop, which tested human travel in a hyperloop pod for the first time in 2020.
S&P revises Oman’s credit rating to positive on the back of fiscal improvement
S&P has revised up Oman’s credit outlook to positive from stable on the expectation that the sultanate’s reform program will...Long-term foreign currency credit rating was affirmed at B+
S&P said it could raise its ratings on Oman over the next 12 months if planned fiscal reforms and stronger economic growth sustainably reduce fiscal imbalances
Saudi Arabia to have budget surpluses from 2023: Ministry of Finance
Saudi Arabia is confident that it will have budget surpluses from 2023 with the kingdom’s economy showing a “noticeable and...Saudi Arabia will post a surplus of about $7.2bln in 2023, rising to $11bln in 2024, the ministry said
Government revenue will slip to SR903 billion in 2022 from SR930 billion in 2021, but will have reached SR992 billion by 2024
Kuwaiti women play big role in development: Diplomat
Fahad Hejji, the First Secretary of the Permanent Mission of the State of Kuwait to the United Nations, has said...Kuwait has spared no effort to empower women and ensure their rights
It also ensures their effective participation in all aspects of daily life, and enables them to assume leading state posts
Saudi Arabia announces vaccine mandate for public
Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to...Saudi residents will need double immunization to enter any economic, commercial, cultural, recreational, sports, or tourism activity
They will also require it to enter any cultural, scientific, social, or recreational event
UN agency for Palestinian refugees needs $800m
UNRWA Commissioner-General Philippe Lazzarini told reporters at the UN headquarters in New York that the organization needed "predictability" for its...UNRWA Commissioner-General Philippe Lazzarini told reporters at the UN headquarters in New York that the organization needed "predictability" for its operations
The funding would allow the agency to keep open the 700 or so schools it managed, catering to 550,000 children
OPEC’s crude oil reserves up 0.3% to 1,237 bn barrels in 2020
World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of...World’s proven natural gas reserves fell by 0.4 percent to 206.7 trillion standard cu m in 2020
OPEC natural gas reserves stood at 73.74 tr standard cu m in 2020, down 1.4 percent from 2019
E-Sports a billion-dollar industry in GCC
The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western...The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%
The value of gaming in the MENA is estimated to be US$4.5 billion with over 100 million gamers in the region
Dubai Expo ‘new city’ is here to stay for decades
Dubai has created a "new city" for Expo 2020 that will exist for decades, the head of the event said,...The $7bn purpose-built showground occupies a vast site on Dubai's outskirts with hundreds of pavilions
Expo 2020, which has sustainability as one of its main themes, wraps up in March
Jordan, Lebanon discuss cooperation
Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.Jordanian Prime Minister Bishr Khasawneh underlined his country’s support for Lebanon to overcome ongoing challenges
He also pointed to the relations that bind the two countries and peoples, highlighting Jordan's commitment to enhancing joint cooperation
