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RIYADH: Global sukuk issuances are expected to continue declining in 2023 to about $150 billion compared to $155.8 billion in 2022 and $170.4 billion in 2021, according to the latest report released

RIYADH: Investments in Saudi startups grew by 72 percent to a record high of SR3.701 billion ($987 million) in 2022, according to a report. According to the “2022 Saudi Arabia Venture Capital

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 January 2023 – The time has arrived for international broker OctaFX’s annual retrospective of events impacting the world economy—compiled towards the year’s end. The year 2022 has been all-around eventful and fateful. Let’s give due diligence to the 10 most important events that affected the financial markets. The year 2022 has been dominated by two major issues: the extreme […]

RIYADH: Saudi Arabia’s economic growth in 2023 is expected to be fueled by the robust expansion of the non-oil sector and sustained oil activity, according to a report released by consultancy firm

RIYADH: The King Faisal Specialist Hospital and Research Centre’s pediatric cardiac surgery team performed consecutive heart transplants on two children within 24 hours in Riyadh. Before the

RIYADH: Saudi Arabia is set to overtake India as the fastest-growing major economy in 2023, driven by gains from energy prices. According to official data released by India’s Ministry of Statistics

RIYADH: Saudi residents will be able to rent out rooms to tourists after a drastic change to the law which paves the way for Airbnb-style businesses. The new bylaw — which was approved by the
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RIYADH: Green hydrogen produced in a proposed complex located in the north-eastern region of Oman could reduce carbon emissions from the Sur independent power project, the country’s largest power

RIYADH: The Abu Dhabi National Oil Co. has allocated as much as 55 billion dirhams ($15 billion) as part of a new strategy aimed at accelerating the reduction in its global emissions, according to a

RIYADH: A roundtable of ministers set to kick off the Future Minerals Forum has been described as the “largest-ever gathering of its kind” by event organizers as more details of the event’s agenda

DUBAI: Argentine model Georgina Rodriguez sported an elegant abaya as she accompanied her long-time partner and Portuguese international footballer Cristiano Ronaldo on their arrival in Riyadh. On

RIYADH: Saudi airline flynas witnessed an annual passenger rise of 91 percent in 2022 to 8.7 million, as the low-cost carrier benefitted from the tourism sector’s post-pandemic resurgence. In 2022,

RIYADH: Saudi Arabia’s first global spectrum auction, the launch of the latest generation of Wi-Fi, and the initial application of fifth-generation technology in the region all helped the Kingdom’s

RIYADH: Insurance companies in Saudi Arabia continued their topline growth momentum in 2022 with aggregate Gross Written Premiums up 26.8 percent year-on-year in the third quarter, according to KPMG.

RIYADH: Saudi Arabia’s Tadawul All Stock Index gained 130.62 points — or 1.28 percent — on Tuesday to close at 10,359.26 as China announced its plan to scrap quarantine requirements for inbound

Riyadh: Saudi Arabia’s recruitment market is set to surge with 57 percent of firms planning to expand their workforces during 2023, according to a new report. Research by Dubai-based recruitment

RIYADH: Bahrain recorded a fall of 14 percent in the value of its exports of national origin to 350 million Bahraini dinars ($928 million) during November 2022, compared to 406 million dinars for the

RIYADH: With the aim of developing the coffee sector through training, research and development services, the Saudi Coffee Co. has signed an agreement with the Arabian Coffee Institute. National

RIYADH: Saudi Arabia has initiated 10 new policies aimed at expanding the tourism sector and protecting tourists, according to the Minister of Tourism Ahmed Al-Khateeb. The issued policies included

RIYADH: Saudi Arabia is the second largest investor in Egypt, with $6.1 billion poured into 6,017 projects, according to the north African country’s Minister of Trade and Industry Ahmed Samir. The

RIYADH: Underpinned by a rebound in domestic activity, the UAE economy has quickly survived the economic impact of COVID-19, with near-term economic growth remaining strong, according to a top

Riyadh: A group photo of the Moroccan national football team with their mothers and the nation’s king in the center has gone viral on social media. The photo was taken during a reception ceremony

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz held a meeting with a delegation of the European Parliament Foreign Affairs Committee to discuss the Kingdom’s

RIYADH: As Saudi Arabia successfully emerges from the shadow of the COVID-19 pandemic, hotels and businesses in the holy cities of Makkah and Madinah are experiencing a revival thanks to an increased
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