RIYADH: Young people in the Saudi capital are ready to reshape the city’s landscape and show Riyadh as a hub of dynamic social progress. From grassroots community organizing to pioneering entrepreneurship and cultural innovation, the new generation of changemakers models itself as the driving force behind positive transformation in their community. Arab News approached some … Read more
RIYADH: The importance of preserving the natural environment that characterizes Asir while implementing new tourism projects has been emphasized by the Asir Development Authority’s acting CEO. Hashim Al-Dabbagh said this was one of the authority’s most important duties, along with developing the tourism and service sectors, reported Saudi Press Agency. Al-Dabbagh was speaking during an … Read more
RIYADH: Local and global advances and public agencies’ performance were in focus during a virtual meeting held by Saudi Arabia’s Council of Economic and Development Affairs. Operating under the council of ministers, CEDA aims at establishing the overall governance, the mechanisms and measures necessary to achieve Saudi Vision 2030. The body addresses issues spanning all domestic … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,656.94 points on Monday, marking a decrease of 139.15 points or 1.09 percent. Conversely, the parallel market, Nomu, concluded at 27,237.44, registering an uptick of 397.03 points or 1.48 percent. The MSCI Index descended by 20.19 points to settle at 1,592.39, a drop of 1.25 percent. … Read more
Middle East luxury market outperforms global industry rate, says Chalhoub Group president DUBAI: Leveling off in July 2023 and returning to normal on a global scale after a spike in consumption following the COVID-19 pandemic, the luxury market is currently witnessing “challenges requiring more collaborations among retailers, brands, developers, and between the private and public … Read more
RIYADH: The Indian diaspora has contributed richly to the development of cricket played in Saudi Arabia for over five decades. It was in 1978 when, for the first time, regional cricket associations in Riyadh, Jeddah, and Dammam began organizing matches on weekends and developed improved cricket facilities.
RIYADH: Officials from Riyadh’s municipality showcased the city’s development initiatives at the Global Urban Festival-MIPIM in Cannes, France, from March 12 to 15. The municipality’s Assistant Undersecretary for Urban Planning Saleh Al-Saif highlighted the importance of sustainable innovation and community participation in the city’s development, the Saudi Press Agency reported on Friday. He also emphasized … Read more
RIYADH: Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data. Figures released by the Kingdom’s central bank showed an increase in personal loans accounted for 33 percent of this growth, while the remaining 67 percent was attributed to … Read more
Riyadh: The Gulf Cooperation Council hosted an International Women’s Day event at the GCC headquarters in Riyadh on March 8, celebrating the accomplishments of women from the Gulf. On behalf of Foreign Minister Prince Faisal bin Farhan, Deputy Foreign Minister Waleed Elkhereiji participated in the celebration, which was also attended by Qatari Minister for Foreign … Read more
How Saudi Arabia’s shift to cleaner fuels will benefit public health and improve air quality RIYADH: In an era of increasing environmental awareness, Saudi Arabia is well on its way to balancing its carbon footprint by combating air pollution and reducing toxic emissions caused by the transport sector. The Kingdom took a major step forward … Read more