UAE and Mauritius conclude talks on Comprehensive Economic Partnership Agreement

BETHLEHEM: It’s usually a moment of pure joy for the Rev. Khader Khalilia: The excitement, the giggles, the kisses, as his young daughters — in their Christmas pajamas — open their gifts. But this year, just the thought of it fills Khalilia with guilt.“I’m struggling,” said the Palestinian American pastor of Redeemer-St. John’s Lutheran Church … Read more

Asir gears up for economic boom with launch of 2nd industrial city 

RIYADH: Saudi Arabia’s minister of industry and mineral resources has concluded his three-day official visit to Tokyo, highlighting the Kingdom’s commitment to fostering economic ties with Japan. During the visit, Bandar Alkhorayef emphasized attracting investments to contribute to the Saudi industrial and mineral sectors.  As the Japanese investors’ roundtable discussions commenced, the minister expressed optimism about the … Read more

Oman, India deepen economic ties through multiple MoUs

CAIRO: The startup ecosystem in Saudi Arabia remains at the forefront of regional funding trends, attracting substantial investments. Naeem, a Saudi Arabia-based software as a service platform targeting the salon and beauty sector, has recently closed an undisclosed pre-seed funding round led by Lunment and a group of angel investors. Founded in 2022 by Abdullah … Read more

Saudi Arabia and Thailand forge strategic partnership for economic growth 

RIYADH: Investments in the aquaculture sector between Saudi Arabia and China are poised for growth, with discussions taking place at the Global Investment Promotion Conference in Shenzhen, China.   Representatives from Saudi Arabia’s Ministry of Environment, Water, and Agriculture engaged with over 60 specialized Chinese firms to explore and expand opportunities, the Saudi Press Agency reported.      … Read more

IEA raises 2024 oil demand growth forecast despite economic gloom

RIYADH: The geospatial infrastructure in Saudi Arabia is set to receive a boost with the launch of an open data portal that will use geographical information systems to achieve sustainable development goals. The portal was announced at the Geospatial Data Consortium, organized by the General Authority for Survey and Geospatial Information in partnership with the … Read more

UAE and Australia set to sign economic trade cooperation agreement

RIYADH: Global artificial intelligence labor market is expected to create new jobs by 2030, said Saudi Human Resources and Social Development Minister Ahmed Al-Rajhi.    Speaking at the opening ceremony of the first Global Labor Market Conference held in Riyadh from Dec. 13-14, Al-Rajhi stressed the transformation the labor market is currently seeing is unlike anything … Read more