RIYADH: Saudi Arabia’s ambitious National Transformation Program, which sought to develop the necessary infrastructure for the realization of the Kingdom’s Vision 2030 goals, has soared past its initial targets and created tangible growth for the nation’s citizens, residents and investors. Launching the economic diversification plan in 2016, Crown Prince Mohammed Bin Salman vowed to improve the … 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
Oil Updates – crude rebounds as OPEC+ output cuts override China, US demand concerns NEW YORK: Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth concerns in China and the US, the world’s two biggest crude consumers, according to Reuters. Brent … Read more
RIYADH: SAMI Advanced Electronics Co. is ready to unveil its state-of-the-art technological innovations as it makes its third appearance at LEAP 2024. The world’s most-attended tech expo is being held in Riyadh from March 4-7, and will feature the industry’s top figures, including the Executive Vice President of the Business Division at SAMI-AEC Fahad Al-Naeem who … Read more
New Murabba Development Company has signed an MoU with the Tourism Development Fund to spearhead the transformation of Riyadh. The agreement will see the two entities work closely together to create New Murabba: the world’s largest, modern downtown, serving as a model for future urban development and contributing toward Riyadh city’s evolution, in line with … Read more
DUBAI: Relentless leaders Al-Wasl heaped pressure on Cosmin Olaroiu’s underperforming Sharjah, Spain icon Andres Iniesta’s sinking Emirates Club looked doomed, and Farhad Majidi’s inconsistent Ittihad Kalba-reign was brought to an ignominious end during ADNOC Pro League’s matchweek 15. Friday’s grandstand clash in Dubai witnessed goals from Abdulrahman Saleh and outstanding UAE attacker Ali Saleh to maintain … Read more
RIYADH: Of late, businesses in the Gulf Cooperation Council region have become more inclined toward pooling their resources to achieve operational efficiency and maximize profits. The trend of mergers and acquisitions in the GCC is expected to rise, said Moody’s in March 2023. Nearly one year on, the global rating agency’s prediction seems to be spot-on. … Read more
RIYADH: The Riyadh Theater Festival is commemorating the late Saudi playwright Mohammed Al-Othaim for his pioneering theatrical contributions through one of his plays and an art exhibition dedicated to his career. The exhibition includes a collection of Al-Othaim’s audio and written works and poems, in addition to the shields and certificates of honor that he obtained … Read more