CAIRO: A wave of venture capital funding has washed over the Middle East and North Africa region, prompting transformative change in the entrepreneurial landscape. Saudi Arabia’s government is leading the shift through a subsidiary of the SME Bank, part of the National Development Fund. The Kingdom’s Saudi Venture Capital has made significant strides in … Read more
RIYADH: Around the world, electric vehicles are already revolutionizing leisure, public transportation and logistics, shrinking the carbon footprint of travel, improving air quality and reducing pollution in the air, on land and in the sea. As Saudi Arabia embarks on a range of environmental initiatives designed to address the challenges posed by climate change and … Read more
Al-Mubarraz: South Korea won the 2024 West Asian Football Federation Under-23 Championship after beating Australia on penalties in the final at Al-Fateh Stadium on Tuesday night. The match finished in a 2-2 draw before the Korean team emerged victorious after winning the penalty shootout 4-3. Australia took the lead through Alou Kuol after only 11 … Read more
Saudi Arabia launches Digital Transformation Index 2024 to enhance e-government services RIYADH: The latest edition of a framework designed to enhance e-government services and accelerate digital innovation in Saudi Arabia has been launched. The Digital Transformation Index for 2024 seeks to elevate the commitment levels of the public sector to decisions and directives concerning technological … Read more
Ronaldo back in action for Al-Nassr but cannot prevent defeat by Al-Ain in Asian Champions League AL-AIN: Cristiano Ronaldo was back in the Al-Nassr lineup on Monday, after serving a one-game Saudi Pro League suspension for gesturing toward opposing fans during a recent game, but could not prevent his team falling to a 1-0 defeat … Read more
Dubai real estate market soars amid record residential transactions in 2023: report RIYADH: Dubai’s real estate market experienced robust growth in 2023, reaching an all-time high with residential transactions totaling 118,993 units, a report from CBRE revealed. The report highlighted a 29.6 percent year-on-year increase in deal volumes, driven by growth in both the off-plan … Read more
RIYADH: Financial experts are gathering at the third Saudi Capital Market Forum to delve into the complexities of the global economy and its implications for capital markets. Held in Riyadh, the conference allows participants to explore financial concepts, encouraging discussion and cooperation to fortify international market resilience. Head of Research at Al-Rajhi Capital, Mazen Al-Sudairi, … Read more
The Saudi national team have been crowned champions of the Arab Taekwondo Championship, which wrapped up on Wednesday at the Zayed Sports Complex in Fujairah, UAE, as reported by Arriyadiyah. The victory marks the third time in a row that the team from the Kingdom has claimed the title. More than 1,200 male and female … Read more
RIYADH: Saudi Arabia is poised for a 105 percent surge in average wealth per person in the next 10 years, jumping from the current $54,000, a new study showed. According to Henley & Partners’ BRICS Wealth Report, the Kingdom presently holds the sixth position within the bloc in terms of high-net-worth individuals. The consulting agency … Read more
RIYADH: The Expenditure and Projects Efficiency Authority achieved third place across Saudi Arabia in the “Best Work Environment” accreditation for 2023, presented by the “Great Place to Work” global authority on workplace culture. EXPRO received the accreditation for the second year in a row in recognition of its excellence in spreading the culture of work environment … Read more