Riyadh, Saudi Arabia - Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro, a major project intended to help shift the car-centric kingdom to public transport. Three lines will open to the public on December 1, "with gradual launches completing the six-line, 176-kilometre...
Inflation in Saudi Arabia leaps to 0.4 percent in July
Owing to higher prices in the transport sector, Saudi Arabia's consumer price index rose 0.4% in July from a year earlier and was up 0.2% month on month, government data showed on Sunday.
Dubai-based Swvl to go public through $1.5bn SPAC deal
The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led by women, that would result in Swvl being listed on Nasdaq.
High cost of food, fuel lifts inflation in Saudi Arabia to 6.2%
Accelerated mostly by the cost of food and fuel, inflation in Saudi Arabia has surged to 6.2 percent in June, the highest this year.
Eid holidays in Abu Dhabi: ITC won’t charge for Darb or parking
The toll gate system or Darb in Abu Dhabi will not charge anything during Eid al Adha holidays beginning 19 July and the charges will resume on 24 July.
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments in public transportation, railways, and airport expansion in the next ten years. According to the kingdom’s transport and logistical services...
Saudi economy picks up pace as spending drives growth
The macro-economic conditions in Saudi economy are improving Encouraged by spending in many sectors, the overall health of the economy is positive Spurred by spending in the local market such as retail, transport, health, and food and beverages sectors, the overall health of the Saudi economy has shown improvement in...
Saudi Arabia to use cooking oil to fuel transport in Red Sea Project
It has teamed up with the region's largest biofuel producer to help fuel the site's transportation network This is part of kingdom’s commitment to renewable energy Saudi Arabia will adopt a novel way of running transport in its Red Sea Project by the use of old cooking oil....
