RIYADH: Oman’s top five ports saw a 1.5 percent annual increase in cargo handling in 2023, surpassing 93.2 million tonnes, underscoring their growing significance in maritime trade. The terminals of Sultan Qaboos, Salalah Sohar and Khasab as well as Shinas, and A’Suwaiq handled approximately 91.8 million tonnes of general, liquid, and bulk cargo in 2022, … Read more
Pakistani logistics firm to launch initial public offering next week, aiming to raise $2.1 million KARACHI: A Pakistani business entity providing comprehensive logistical services is all set to launch its initial public offering (IPO) next week, making it the first player in its sector that plans to raise capital of about Rs600 million ($2.1 million) … Read more
RIYADH: ZainTECH, the integrated digital solutions arm of Zain Group, has joined the long list of top-class companies to have established its regional offices in Saudi Arabia. The company’s Riyadh office will be energized by a team of over 100 Saudi IT professionals. It also attended the LEAP conference that concluded on Thursday in the … Read more
RIYADH: After three days of significant announcements, the LEAP conference saw major deals signed in artificial intelligence and innovation localization during its concluding sessions. Inaugurating the final day of the event, Ahmed Al-Suwaiyan, governor of the Digital Government Authority, pointed out that the LEAP has surpassed its previous editions, with agreements worth more than $12 … Read more
RIYADH: Energy firm Aramco’s technology arm was one of several companies to sign deals at the LEAP conference, along with global brands Nokia, IBM, and Mobily. On the third day of the Riyadh tech event, Aramco Digital took the spotlight by unveiling plans for a potential partnership with Groq, a global leader in the artficial intelligence chip market. … Read more
RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report. The analysis saw the Middle Eastern country given a PMI standing of 57.1 – up from 56.6 in January – with increased new business, more robust client activity, and intensified marketing and … Read more
Saudi Arabia named ‘most improved country overall’ in US Chamber of Commerce IP Index RIYADH: Saudi Arabia has received recognition as “the most improved country overall” in the 12th edition of the US Chamber of Commerce International Intellectual Property Index. Released on March 2, the report emphasizes the several achievements of the Kingdom, with Vice … Read more
Saudi Arabia named ‘most improved country overall’ in US Chamber of Commerce IP Index RIYADH: Saudi Arabia has received recognition as “the most improved country overall” in the 12th edition of the US Chamber of Commerce International Intellectual Property Index. Released on March 2, the report emphasizes the several achievements of the Kingdom, with Vice … Read more
SINGAPORE: Oil prices on Thursday extended declines from the previous session after a larger-than-expected build in US crude stockpiles stoked worries about slow demand, while signs that US interest rates could remain elevated added to pressure, according to Reuters. Brent crude futures fell 14 cents, or 0.2 percent, to $83.54 a barrel by 7:20 a.m. … Read more
SAO PAULO: During his official visit to Cairo on Thursday, Brazilian President Lula da Silva witnessed the signing of two key agreements with the Egyptian government. President Abdel Fattah El-Sisi also attended the signing ceremony. The first agreement is a protocol that simplifies the export process for Brazilian beef, poultry and pork to Egypt. It … Read more