RIYADH: Saudi Arabia’s Tadawul All Share Index posted an annual gain of 1,811.46 points, or 17.11 percent, to reach 12,401.56 at the end of the first quarter of 2024, official data showed. According to the report released by Saudi Exchange, the highest close level of the main index in the first quarter was on March … Read more
RIYADH: Women rejoining the workforce after a career gap could contribute $385 billion to the economies of nine Middle East and North Africa countries, a survey showed. According to a study conducted by PwC Middle East, this opportunity to increase the gross domestic product highlights significant employment potential in the region. This will prompt companies … Read more
RIYADH: Saudi Arabia’s real estate market is set for an upswing as high-net-worth Muslim individuals plan to invest $2 billion in Makkah and Madinah properties, a recent survey indicated. The survey was conducted by Knight Frank, a global property consultancy, and published in the firm’s inaugural Destination Saudi report. It found that among the individuals … Read more
RIYADH: Saudi ports experienced a 9 percent increase in annual container handling in 2023, reaching 11,380,302 units, in a sign of the Kingdom’s success in developing its maritime sector. This figure surpassed the 2022 total of 10,439,620 containers, as reported by the Saudi News Agency. Simultaneously, facilities managed by the Saudi Ports Authority, also known … Read more
BEIRUT: Israeli artillery shelling intensified on Thursday at various Lebanese border towns where Hezbollah is active. War correspondents reported “the use of phosphorus bombs by the Israeli army in shelling the outskirts of the town of Khiam.” Israeli Channel 14 reported that the Iron Dome intercepted 20 missiles fired from southern Lebanon towards the Galilee … Read more
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more
N3XT Sports opens Riyadh office as Saudi Arabia continues its strides in sporting sector RIYADH: Saudi Arabia’s efforts to emerge as a leading sports hub in the Middle East and North Africa region are prospering, with Barcelona-based N3XT Sports announcing the opening of its new office in Riyadh. In an interview with Arab News on … Read more