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
Saudi authorities highlight tourism commitments during UN Sustainability Week in New York NEW YORK: The Saudi tourism minister on Tuesday reiterated the Kingdom’s commitment to sustainable development of the travel sector. Ahmed Al-Khateeb said that under the leadership of King Salman and Crown Prince Mohammed bin Salman, Saudi Arabia has become one of the most … Read more
Saudi Sports for All has announced the resounding success of its series of Ramadan tournaments, culminating in an unprecedented celebration of sportsmanship, community, and healthy living across the Kingdom. The SFA Ramadan Domes tournament, held in Dammam, witnessed an overwhelming participation of thousands of individuals across nine tournaments. From padel to basketball, male and female … Read more
JAKARTA: Aditya Nugraha, a 21-year-old Indonesian, was traveling from the capital city of Jakarta to his hometown of Palembang on Sumatra island, over 500 km (310 miles) away, to celebrate the Islamic holiday of Eid Al-Fitr this week. The festival, also called Lebaran in Indonesia, marks the end of the holy month of Ramadan. It … Read more
RIYADH: Saudi Arabia’s trade industry witnessed 104,000 commercial registrations in the first quarter of 2024, marking a 59 percent year-on-year growth, according to official data. This comes as the Ministry of Commerce issued 65,363 permits during the same period in 2023, according to the quarterly business sector bulletin. The spike in numbers brings the total number … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 22.44 points, or 0.18 percent, to close at 12,607.98. The total trading turnover of the benchmark index was SR7.35 billion ($1.96 billion) as 155 stocks advanced, while 62 retreated. Similarly, the MSCI Tadawul Index increased by 1.57 points, or 0.10 percent, to close at … Read more
GCC telecommunication firms reinventing themselves as ‘techcos’: S&P Global RIYADH: Telecommunication companies in the Gulf Cooperation Council region are redefining themselves as technology firms to diversify their revenue streams, S&P Global said. In its latest report, the credit rating agency noted that moderate growth prospects for core telecom operations are one of the key drivers … Read more
TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus, according to Reuters. While the move was Japan’s first interest rate hike in 17 years, it still keeps … Read more
NEW DEHLI: Millions of people in India’s tech hub of Bengaluru are facing an unprecedented water crisis as a key supply of the resource runs dry, in what experts said is a result of unplanned urbanization in the southern metropolis. The city also known as Bangalore and more popularly as India’s “Silicon Valley” is located … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 40.74 points, or 0.32 percent, to close at 12,618.62. The total trading turnover of the benchmark index was SR7.59 billion ($2.02 billion) as 151 of the stocks advanced, while 66 retreated. On the other hand, the Kingdom’s parallel market Nomu slipped 129.53 points, or … Read more