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Saudi Arabia’s car imports surge to 160k over last 2 years: official figures
Saudi Arabia’s car imports in 2023 hit 93,199, utilizing all modes of transportation — land, sea, and air — reflecting nearly a 40 percent growth from the previous year.
In the last two years, the Kingdom has imported a total of over…
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Kuwait’s non-oil sector steadies in April, UAE maintains growth
Non-oil activities in Kuwait demonstrated steady growth in April, buoyed by effective advertising and competitive pricing, supporting the expansion in new orders, an economy tracker revealed.
According to the latest Kuwait Purchasing…
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Saudi Arabia’s on the frontline of battle against climate change
As temperatures continue to rise worldwide, the Arab region is on the frontline of the battle against climate change.
In the global race to achieve net-zero, the Middle Eastern countries face unique challenges that compound the urgency…
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Saudi Arabia’s fintech sector driving digital transformation
Saudi Arabia’s fintech sector has made significant strides as it nears its goal to become a regional financial hub, according to a report by Arthur D. Little.
In its latest study titled “Realizing Potential of Fintech in Kingdom of Saudi…
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Saudi banks’ funding profile changing on rising mortgage demand: S&P Global
Saudi banks are expected to pursue alternative funding strategies to deal with the rapid expansion in lending, fueled by the demand for new mortgages, according to S&P Global.
In its latest report, the credit-rating agency stated…
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Saudi Arabia’s Ma’aden completes 10% acquisition of Brazil’s Vale Base Metals
Saudi Arabian Mining Co., also known as Ma’aden, has announced that it has completed the 10 percent acquisition of Brazil’s Vale Base Metals.
Ma’aden, which is majority-owned by the Public Investment Fund, said that its joint venture,…
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IsDB Group annual meetings conclude with 85 agreements worth over $8bn
As many as 85 agreements worth over $8 billion were signed across diverse sectors during the recently concluded annual meetings of the Islamic Development Bank Group.
This stands in contrast to the last year’s meetings, which recorded…
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HR development fund helps another 74k Saudis get private sector jobs, figures show
Almost 74,000 Saudi nationals received help securing private sector jobs in the first quarter of 2024 by the Kingdom’s Human Resources Development Fund.
The body supported the hiring of 73,878 citizens over the period, as offering…
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Saudi Arabia, UAE supplied 85% of Japan’s crude oil in March
Saudi Arabia and the UAE provided 85 percent of Japan’s total crude oil needs in March, according to the Agency of Natural Resources and Energy of the nation’s Ministry of Economy, Trade and Industry.
A further 10 percent of Japan’s…
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Saudi airports awarded customer experience accreditation, elevating travel services
Customer service offerings at 16 Saudi airports have been recognized with a prestigious global award.
The Airports Council International’s Customer Experience Accreditation for 2024 has recognized facilities operated by the Kingdom’s…
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