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
Startup Wrap – OSN+, AhnLab, and Mubashir among firms to see funding success during Ramadan CAIRO: Startups in the Middle East and North Africa region have closed Ramadan and started Eid Al-Fitr on a positive note as venture activity continued. Among the most significant announcements during the holy month was UAE-based online streaming platform OSN+ and … Read more
RIYADH: The latest edition of a framework designed to enhance e-government services and accelerate digital innovation in Saudi Arabia has been launched. The Digital Transformation Index for 2024 seeks to elevate the commitment levels of the public sector to decisions and directives concerning technological evolution. Additionally, it aims to improve the quality of e-government services … Read more
RIYADH: Saudi Arabia’s real estate market is set for an upswing as high-net-worth Muslim individuals plan to invest $2 billion in Makkah and Madinah properties, a recent survey indicated. The survey was conducted by Knight Frank, a global property consultancy, and published in the firm’s inaugural Destination Saudi report. It found that among the individuals … Read more
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
Cenomi Centers secures $1.39bn Shariah-compliant, sustainability-linked financing RIYADH: Saudi Arabia’s lifestyle and leisure sectors have been infused with SR5.25 billion ($1.39 billion) after mall operator Cenomi Centers secured financing for the “next generation” of retail experiences. The firm’s Shariah-compliant, sustainability-linked funding agreement with a syndicate of top-tier banks is set to deliver a new take on retail within the … Read more
Closing Bell: TASI closes in green with 12,296 points, reaches $2.9bn trading volume RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Monday trading at 12,295.91 points, recording an increase of 86.85 points or 0.71 percent. The Kingdom’s parallel market Nomu also advanced by 4.50 points or 0.02 percent to 25,305.48 points. The MSCI Tadawul … Read more
How Saudi Arabia is reshaping transportation infrastructure amid climate change challenges RIYADH: In the face of escalating climate change challenges, Saudi Arabia is spearheading a transformation of its transportation sector with a series of groundbreaking initiatives. As the Middle East and North Africa region grapples with surging population growth, rapid urbanization, and a burgeoning middle … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, losing 14.58 points, or 0.12 percent, to close at 12,063. The total trading turnover of the benchmark index was SR10.67 billion ($2.84 billion) as 60 stocks advanced, while 160 retreated. The Kingdom’s parallel market, Nomu, also dipped, losing 239.27 points, or 0.97 percent, to close … Read more
Let’s Survive – Survival is a fun survival role-playing game. Take the player to a dangerous world filled with cannibals out to destroy you. It would be best if you overcame thousands of difficult challenges to survive in this world. Find a safe hiding place and make combat weapons to prepare for a fight with … Read more