RIYADH: Topian, the NEOM food company working to future-proof food systems, marked the first day of the Saudi International Marine Exhibition and Conference with three strategic agreements, aimed at strengthening Saudi Arabia’s position as a global leader in sustainable aquaculture. On Sunday Topian signed a key agreement with the National Livestock and Fisheries Development Program … Read more
RIYADH: Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58 trillion ($690 billion), the latest data showed. According to the Saudi Central Bank’s latest monthly bulletin, credit extended to individuals, constituting 48 percent of bank loans, grew by 7 percent in 2023, while corporates … Read more
Saudi Investment Ministry to maintain record of private sector’s foreign investments RIYADH: Saudi business landscape received a regulatory push as the Kingdom’s Ministry of Investment launched a new initiative to take inventory of private sector direct expenditures abroad. This move is part of a broader effort to support investors and companies in their global expansion … Read more
Newcastle transfer stance sends message as Magpies stand firm after Bayern move for Trippier NEWCASTLE: January has turned out to be an unsettling month for Newcastle United, according to head coach Eddie Howe. Within days of CEO Darren Eales publicly stating two weeks ago that every player at the club has a price, as a … Read more
RIYADH: CBX, the official promoter of the 2024 Diriyah E-Prix, has announced Diriyah Company as a partner in the Formula E event, which kicks off on Friday. The event, which marks rounds two and three of the ABB FIA Formula E World Championship, is expected to attract thousands of fans who will watch 22 drivers … Read more
WASHINGTON: President Joe Biden took office vowing to negotiate an end to a bloody war in Yemen and to remove US troops from harm’s way.He enters his reelection year by launching strikes on the country instead, but his administration hopes calm can return.Experts say the Biden administration and Yemen’s Houthi insurgents, as well as the … Read more
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Nesma & Partners eyes new opportunities in mining, renewables sectors for future growth: CEO RIYADH: Saudi contracting firm Nesma & Partners is keen to explore new opportunities to expand and diversify its income streams, particularly in the mining business, a top executive has revealed. Attending the Future Minerals Forum in Riyadh, the firm’s President and CEO … Read more
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RIYADH: In a bid to attract global talent and diversify its economy away from oil, Saudi Arabia has added five new products to its premium residency program. The program, launched in 2019, aims to allow eligible foreigners to live in the Kingdom and receive benefits such as exemption from paying expat and dependents fees, visa-free … Read more