Browsing Category
Business
Saudi Arabia leads Middle Eastern banking growth amid favorable conditions: Fitch
High oil prices and interest rates are creating favorable operating conditions for banks across the Middle East, despite regional tensions, according to Fitch Ratings.
During a recent webinar on the region’s banking sector, Fitch Ratings…
Read More...
Read More...
Technology shapes future of hospitality with enhanced guest experiences
The global hospitality industry is increasingly investing in technology to improve the guest experience, with artificial intelligence playing a key role in automating tasks like booking, check-ins, and housekeeping management.
In a…
Read More...
Read More...
Air transport industry improves baggage handling despite rising passenger numbers: SITA report
Baggage mishandling in the air transport industry has decreased to 6.9 bags per 1,000 passengers in 2023 from 7.6, despite increased passenger traffic, according to a new report.
According to the latest report from multinational…
Read More...
Read More...
Saudi firms enhance CSR initiatives to boost community well-being
Gone are the days when the corporate world was solely associated with making money. The concept of giving back to the host community, known as corporate social responsibility, is rapidly gaining traction in the business sector.
Today,…
Read More...
Read More...
IMF heralds Saudi Arabia’s ‘unprecedented economic transformation’ in glowing report
Saudi Arabia’s “unprecedented economic transformation” is progressing well thanks to prudent government policies and successful diversification efforts, according to the International Monetary Fund.
In a report focusing on the changing…
Read More...
Read More...
Saudi deputy minister highlights Kingdom’s manufacturing sector potential to German businesses
Investment opportunities in Saudi Arabia’s manufacturing sector were set out to a host of German companies by the Kingdom’s deputy industry minister during a trade show in Frankfurt.
Engineer Khalil Ibrahim bin Salamah met with…
Read More...
Read More...
Saudi PIF, French private equity group to acquire 38 percent of Heathrow airport
Saudi Arabia’s sovereign wealth fund and a French private equity group will acquire a 38 percent stake in Britain’s busiest airport, Heathrow, officials announced on Friday.
Dutch-based transport company Ferrovial SE said the Public…
Read More...
Read More...
Saudi Arabia GDP growth higher than G20 average: OECD
Saudi Arabia’s economy witnessed growth of 1.4 percent in the first quarter of 2024 – higher than that seen across the G20 as a whole, according to new data.
The Organisation for Economic Co-operation and Development has released its…
Read More...
Read More...
Oil Updates – crude set for best week in over 2 months on solid demand outlook
Oil prices eased on Friday as markets evaluated the impact of US interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel…
Read More...
Read More...
Saudi Aramco partners with NextDecade for 20-year LNG supply deal
Energy giant Saudi Aramco has signed a non-binding agreement with US-based NextDecade to supply 1.2 million tonnes per annum of liquefied natural gas for 20 years.
According to a press statement, LNG will be supplied from the fourth…
Read More...
Read More...