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African nations seek fair climate financing at COP28
Developing countries in Africa have urged developed nations to ensure equitable climate change financing for the implementation of adaptation and mitigation projects to address the global crisis, as highlighted by various officials…
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Saudi Arabia’s PIF to buy 10% stake in Heathrow Airport
Saudi Arabia’s sovereign wealth fund has entered into a share purchase agreement to acquire a 10 percent stake in London’s Heathrow Airport from Spanish infrastructure giant Ferrovial, as it continues to make strategic investments across…
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Saudi Arabia reaffirms commitment to support UNIDO
Saudi Arabia is committed to supporting the UN Industrial Development Organization in achieving its goals, according to the minister of industry and mineral resources.
During his engagement at the General Conference of UNIDO held in…
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Japan, Saudi agree on investment cooperation
State Minister of Economy, Trade and Industry Iwata Kazuchika has held a meeting with Saudi Arabia’s Assistant Minister of Investment Ibrahim Al Mubarak in Tokyo that covered future cooperation and Saudi-Japan Vision 2030.
The two…
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Saudi airline flynas and Brazil’s Eve Air partner for electric helicopters in Riyadh and Jeddah
Saudi budget airline flynas has signed a memorandum of understanding with Brazil-based Eve Air Mobility to explore the possibility of starting electric helicopter operations in the Kingdom.
Under the deal, both parties will examine the…
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NEOM inks multiple MoUs to accelerate clean industrial transformation
Saudi Arabia’s sustainable energy push in NEOM is expected to get a further boost as the Kingdom’s $500-billion megacity has signed deals with Bosch and Bain & Co. to accelerate clean industrial transformation in Oxagon.
Oxagon is…
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Saudi economy to rebound in 2024: Riyadh Capital
Saudi Arabia’s economy is expected to “rebound” in 2024, according to an analysis by Riyadh Capital.
The bank’s “Saudi Economic Chartbook” for the fourth quarter of 2023 outlines a projected continuation of solid growth for non-oil…
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Qatar’s economy shows resilience with 1% growth in Q2: official data
Qatar’s gross domestic product experienced a 1 percent growth in the second quarter of 2023 compared to the same period last year, according to official figures released by the Planning and Statistics Authority.
The year-on-year GDP…
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Dubai ranks among top 10 in Global Power City Index
Dubai has been ranked among the top 10 cities in the Global Power City Index 2023, the Emirates News Agency reported on Monday.
The index, which is published by Japan’s Mori Memorial Foundation's Institute for Urban Strategies, evaluates…
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Riyadh forum raises awareness on impact of open data in business sector
The Saudi Data Forum organized by the Saudi Data and Artificial Intelligence Authority in partnership with the National Transformation Program kicked off on Monday.
It was attended by Dr. Bandar Meshari, assistant minister of interior…
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