RIYADH: Carbon markets are set to play a pivotal role in achieving climate goals, with efforts from Saudi Arabia and the UAE, paving the way for a smooth energy transition. According to a new report from the International Energy Forum, carbon markets are capable of effectively lowering the costs associated with greenhouse gas removal by … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index rose to gain 5.38 points, or 0.04 percent, to close Thursday’s trading session at 12,728.53. The total trading turnover of the benchmark index was SR14.36 billion ($3.89 billion) as 126 stocks advanced, while 93 retreated. The Kingdom’s parallel market, Nomu, rose 308.5 points, or 1.16 percent, to close … Read more
RIYADH: Saudi Arabia’s dynamic business environment is continuously drawing attention from international companies, and now Estonian ride-hailing giant Bolt is looking to expand its operations in the Kingdom. Established in 2013, the company has become a prominent player in the global mobility industry, operating in 45 countries and 500 cities, with a current valuation of €7.4 … Read more
MIAMI: Saudi Arabia’s construction of homes between now and 2030 will have a reduced carbon footprint compared to current traditional developments. This is according to David Grover, group CEO of ROSHN, who was speaking at the FII Priority Summit on Thursday in Miami. “Google tells me that there are 211,000 homes in Miami. We’re developing … Read more
Sustainable future for mining industry requires value chain integration, experts say RIYADH: A sustainable future for the value chain within the mining industry hinges on an integrated system that involves connectivity, acceleration and technology, experts affirmed. A panel at the Future Minerals Forum in Riyadh saw the Kingdom’s leading governmental entities in the sector outlining … Read more
RIYADH: The Cairo to Jeddah sector has been ranked as the second busiest international route during 2023, with 4.8 million seats, according to a report. Launched by global travel data provider firm the Official Airline Guide, the report indicated a 2 percent capacity difference between first and second place. This comes as 2023’s busiest international … Read more