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Saudi Arabia’s non-oil activities increase by 2.2% in June: GASTAT
Saudi Arabia’s non-oil activities saw a 2.2 percent increase in June compared to the previous month, signalling ongoing growth in the Kingdom’s efforts to diversify its economy.
According to the General Authority for Statistics, the…
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Riyadh Air unveils 1st electric bus as part of sustainable transport initiative
Saudi Arabia’s Riyadh Air has introduced the first bus in its fleet of electric coaches for employee transport, aligning with the Kingdom’s Vision 2030 goals to reduce carbon emissions.
The fleet, developed with National Transportation…
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Saudi Arabia’s King Abdulaziz Port enhances connectivity with new shipping service
Saudi Arabia’s King Abdulaziz Port in Dammam is set to enhance its maritime links with key ports in India and China with the introduction of a new shipping service.
The General Authority for Ports, also known as Mawani, announced the…
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Qatar sees 36% rise in building permits issued in July
Qatar’s construction sector is experiencing robust growth, with the nation documenting a 36 percent month-on-month rise in building permits in July.
This surge, highlighted in the latest data from the National Planning Council, reflects…
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Abu Dhabi’s ADQ to acquire minority stake in auction house Sotheby’s
Abu Dhabi’s wealth fund ADQ is set to acquire a minority stake in Sotheby’s, reflecting its commitment to enhancing its global presence in the arts and luxury sectors.
According to a press release, the Abu Dhabi-based investment firm has…
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Ma’aden’s profits surge 160% to reach $532bn in first half of 2024
Saudi Arabian Mining Co., widely known as Ma’aden, achieved a net profit of SR2 billion ($532 million) in the first half of 2024, marking a striking 160 percent increase compared to the same period in 2023.
This surge in profitability…
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ACWA Power restructures debt, ownership in Turkish affiliate
Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstanding loans into equity following an agreement with major lenders and minority shareholders.
ACWA Guc, which operates the…
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Saudi Arabia’s non-oil exports surge as trade ties with China flourish
Saudi Arabia exported non-oil goods worth SR2.23 billion ($594 million) in May, representing a rise of 19.25 percent compared to the previous month, official data showed.
According to the General Authority for Statistics, China was the…
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Saudi ports report 15.72% growth in container handling for July
Saudi Arabia’s ports recorded a 15.72 percent increase in container handling in July compared to the same month last year, official data showed.
The latest statistics from the Saudi Ports Authority, known as Mawani, revealed that the…
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Egypt’s inflation slows to 25.7% in July
Egypt’s annual urban consumer price inflation slid to 25.7 percent in July from 27.5 percent in June, a rate of decline faster than analysts had forecast, the country’s statistics agency CAPMAS showed on Thursday.
Month-on-month, prices…
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