IsDB leads multilateral development banks group in $300-$400bn lending boost target

RIYADH: All airports in Saudi Arabia that received passengers’ complaints in March resolved them on time, according to the General Authority of Civil Aviation.  In its monthly classification for air transport service providers, GACA highlighted the performance of airlines and 13 airports based on traveler complaints filed during the third month of 2024.  As per the … Read more

Saudi Arabia’s money supply grows 7% in November; bank lending hits $690bn

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

IMF governors approve 50% increase in lending resources with no shareholding changes

BRUSSELS: The EU has set targets to dig up, recycle and refine lithium, cobalt and other metals it needs for its green transition, but a shortage of new money, crippling energy costs and local opposition could put them beyond reach. The bloc will likely need to find ways to trim demand, find substitute materials and forge … Read more