LONDON: The Middle East will have a significant presence at the annual meeting of the World Economic Forum next week, reflecting the growing influence of…
View More Strong Middle East representation as World Economic Forum unveils annual meeting agendaCategory: Business
Saudi Arabia’s annual inflation rate rises by 1.7% in 2024: GASTAT
RIYADH: Consumer prices in Saudi Arabia increased by 1.7 percent in 2024, driven primarily by higher housing costs, data from the General Authority for Statistics…
View More Saudi Arabia’s annual inflation rate rises by 1.7% in 2024: GASTATSaudi Arabia to offer 5k sq. km of mining exploration opportunities in 2025: Alkhorayef
RIYADH: Saudi Arabia is promoting upcoming exploration opportunities across 5,000 sq. km mineralized belts in 2025 as the Kingdom continues its steadfast growth in the…
View More Saudi Arabia to offer 5k sq. km of mining exploration opportunities in 2025: AlkhorayefOil Updates — crude inches up, but uncertainty over sanctions impact caps gains
SINGAPORE: Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions from sanctions on Russian…
View More Oil Updates — crude inches up, but uncertainty over sanctions impact caps gainsSaudi Arabia’s flynas begins Jeddah-Djibouti flights; flyadeal launches 5 routes
RIYADH: Saudi low-cost airline flynas launched its first direct flight between Jeddah and Djibouti on Jan. 8, further expanding its network in Africa. According to…
View More Saudi Arabia’s flynas begins Jeddah-Djibouti flights; flyadeal launches 5 routesBanking sector in Kuwait, Qatar and UAE to stay stable in 2025: S&P Global
RIYADH: Banks in Kuwait, Qatar, and the UAE are expected to maintain stability in 2025, supported by strong capital buffers, favorable economic conditions, and supportive…
View More Banking sector in Kuwait, Qatar and UAE to stay stable in 2025: S&P GlobalEgypt’s inflation drops to 23.4% in December amid falling food prices
RIYADH: Egypt’s annual inflation rate slowed to 23.4 percent in December 2024, down from 25 percent in November, according to figures from the Central Agency…
View More Egypt’s inflation drops to 23.4% in December amid falling food pricesSaudi domestic tourism driving travel sector growth, Almosafer CEO says
RIYADH: Saudi Arabia’s domestic tourism is fueling a significant expansion in the Kingdom’s travel sector, with domestic bookings now making up over 40 percent of…
View More Saudi domestic tourism driving travel sector growth, Almosafer CEO saysSaudi aviation sector soaring after record growth, major expansions
JEDDAH: Saudi Arabia’s aviation sector reached new heights over the past 12 months, marked by a surge in passenger numbers, a fleet expansion with new…
View More Saudi aviation sector soaring after record growth, major expansionsSaudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high
RIYADH: Saudi banks money supply reached SR2.95 trillion ($785.51 billion) in November, marking a 10.3 percent rise compared to the same month last year, according to…
View More Saudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high