Diriyah to see emission, energy consumption cut

RIYADH: Saudi Arabia’s Diriyah is poised to significantly cut energy consumption and emissions thanks to a new agreement with a leading cooling solutions provider. Diriyah Co. has announced the signing of a partnership with City Cool, a fully-owned subsidiary of the Al-Rajhi Holding Group, with the aim to establish a cutting-edge air station and distribution … Read more

Saudi Arabia extends voluntary oil cut of 1m barrels per day until mid-2024

RIYADH: Saudi Arabia is gearing up for LEAP 2024, the world’s most-attended tech event, from March 4 to 7 at the Riyadh Exhibition and Convention Center in Malham. The pre-event gathering on Feb 28 announced this year’s theme as “Into New Worlds,” which encompasses new opportunities, technologies, and capabilities in the tech sector. The event … Read more

Oil Updates – crude falls after US Fed governor says no rush to cut interest rates

AI will drive efficiency amid global economic slowdown, leading financiers tell FII Priority Summit MIAMI: The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world … Read more

Oil Updates – prices rise as investors weigh Red Sea attacks, US rate cut outlook

World leaders in business, finance and tech gather in Miami for the 2nd FII Priority Summit MIAMI: From conflict and climate change to the rise of disruptive new technologies like artificial intelligence, humanity faces an array of challenges. That is why world leaders in business and finance are meeting in Miami this week to discuss … Read more

Houthi attacks cut Suez Canal revenue by 40-50%: Egyptian President El-Sisi

CAIRO: Egyptian President Abdel Fattah El-Sisi has said that revenues from the Suez Canal have “decreased by 40 to 50 percent” so far this year due to attacks on shipping by Yemen’s Houthi rebels, according to Agence France Presse. The canal is one of the main sources of foreign currency for Egypt which is gripped by a severe … Read more

Director James Gunn says Bassem Youssef’s DC role was cut before his comments on Israel

AlUla’s Wadi AlFann, Valley of the Arts, presents two exhibitions by Saudi artist Manal AlDowayan  ALULA: The work of Manal AlDowayan, one of Saudi Arabia’s leading contemporary artists, is often focused on cultural metamorphosis, collective narratives and the representation of women, particularly from her home country.  AlDowayan, who will represent the Kingdom at this year’s … Read more

Oil Updates – prices flat as weaker IEA outlook weighs on US rate cut hopes

RIYADH: Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed.   This growth, up from the current SR68.3 billion in 2024, is primarily driven by the health and motor segments, which together will account for 86 percent of the … Read more

MI Emirates prove a cut above the Giants to reach ILT20 final

DUBAI: MI Emirates, the most impressive team in the International League T20 this season, went head-to-head with the Gulf Giants in the Qualifier 1 knockout match on Wednesday and served up a masterclass at short-form cricket. The Emirates won by 44 runs and secured their route directly to the ILT20 final, while the Giants will … Read more

Tyson Fury’s ‘freak cut’ postpones Usyk heavyweight bout in Saudi Arabia

Meet Petar Segrt: The coach who has transformed Tajikistan into shock Asian Cup contenders Petar Segrt is a man who is not easily shaken. From deciding to remain as Georgia national team coach when Russian tanks rolled into the country in 2008, to coaching in Afghanistan, Segrt loves a challenge. His latest endeavor is arguably … Read more