RIYADH: Saudi Arabia’s annual tourist attraction, Riyadh Season, has surpassed its target of 12 million visitors before reaching the halfway point, according to a top official. Turki Al-Alshikh, chairman of the General Entertainment Authority, revealed in a post on X, formerly Twitter, that the event achieved the goal within 60 days. The carnival, among the … Read more
CAIRO: Despite global headwinds, the Saudi venture capital market ended the year 2023 on a positive note recording multimillion-dollar investment deals. The Kingdom’s Riyadh Valley Co., the investment arm of King Saud University, recently committed to an undisclosed amount of investment in IMPACT46 Fund III. Founded in 2019 by Abdulaziz Al-Omran, IMPACT46 is a Saudi-based … Read more
Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector RIYADH: Saudi Arabia’s secondary market for residential real estate financing has received SR50 billion ($13 billion) from the company tasked with transforming the sector, Arab News has been told. The Saudi Real Estate Refinancing Co., SRC, established in 2017 and fully … Read more
The Expenditure and Projects Efficiency Authority has reaffirmed its commitment to helping government agencies plan and implement their projects with efficiency, as part of the second edition of the “Previous is Now Different” campaign, launched by EXPRO in collaboration with relevant government entities.
CAIRO: The Palestinian foreign ministry and the Islamist group Hamas issued opposing statements on Friday in response to the adoption by the United Nations Security Council of a resolution intended to help bring more humanitarian aid into the Gaza Strip. The Palestinian foreign ministry, which is part of the West Bank-based Palestinian Authority, called the … Read more
BEIJING: Oil prices extended losses on Wednesday in Asian trade, after falling by more than 3 percent to six-month lows in the previous session on oversupply and demand concerns. Brent crude futures fell 33 cents, or 0.45 percent, to $72.91 a barrel by 09:21 a.m. Saudi time. US West Texas Intermediate crude futures dropped 29 … Read more