LOS ANGELES: The defending champion Denver Nuggets, powered by 32 points from Nikola Jokic, shook off a slow start to beat LeBron James and the Los Angeles Lakers 114-103 in game one of their NBA playoffs first-round series on Saturday.The Nuggets, who swept the Lakers in four games in the Western Conference finals on the … Read more
Leading telecommunications and digital services provider Zain KSA has launched the first 100 percent Saudi-made fleet management system for the business sector. This comprehensive solution incorporates state-of-the-art tracking devices designed, manufactured, and assembled locally. Leveraging the advanced capabilities of Zain Cloud and hosting all data locally, Zain KSA has become the first telecom operator in … Read more
RIYADH: Saudi Arabia’s Riyad Bank has approved the assessment and preparation of an initial public offering of its investment banking unit, Riyad Capital. According to a Tadawul statement, the board of directors are considering listing the subsidiary on the main market of the Saudi Exchange. “Riyad Bank and Riyad Capital will coordinate to finalize the … Read more
Opening up financial sector and battling inflation key for Arab countries’ economic development: AMF RIYADH: Financial openness and tackling inflation played a significant role in the short-term financial development of Arab countries, a new study suggests. A recent analysis released by the Arab Monetary Fund examined the impact of economic freedom on the development of … Read more
RIYADH: Saudi Arabia is emerging as a proactive leader, pioneering green initiatives to mitigate economic challenges posed by the transformation toward sustainability, according to the International Monetary Fund. A recent report by the IMF highlighted the intricate dynamics at play and underscored the Gulf Cooperation Council and Saudi Arabia’s strategic positioning in this evolving scenario. … Read more
World Water Day: Saudi Saline Water Conversion Corporation urges global cooperation As the UN marked World Water Day on March 22, the Saudi Saline Water Conversion Corporation stands at the forefront of efforts to address water scarcity and promote international cooperation. This year, in alignment with the UN theme “Water for Peace,” SWCC reaffirmed its … Read more
LONDON: Although Israel has permitted dozens of aid trucks to enter the Gaza Strip in recent days, humanitarian agencies warn that not nearly enough assistance is reaching the embattled enclave. There was a glimmer of hope on Thursday, however, when the first international relief vessel arrived off Gaza’s northern coast. The Spanish-flagged Open Arms left … Read more
RIYADH: A neglected neighborhood in Budapest is set to be rejuvenated courtesy of a €5 billion ($5.5 billion) deal with Dubai, according to Bloomberg. Hungary and the UAE have officially sealed the agreement to recondition a district in Budapest in a Dubai-style, but Bloomberg reported that the project had “drawn criticism even before being formalized.”
Saudi Ministry of Industry launches advanced license to support construction investors RIYADH: Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground. According to a statement, the Ministry of Industry and Mineral Resources inaugurated the new service, which provides documents in accordance … Read more
Oil Updates – crude rises, markets await OPEC+ decision amid mixed demand drivers SINGAPORE: Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second quarter amid differing demand indicators for key consumers US and China, according to Reuters. Brent … Read more