RIYADH: Egypt’s new economic path, focused on structural reforms empowering the private sector to lead growth and attracting investment, has begun to yield positive results, said the country’s finance minister. Mohamed Maait highlighted that despite the harsh impacts of global and regional economic crises, Egypt has seen financial indicators surpass budget estimates and targets over the … Read more
In Chiang Mai, northern Thailand, the 34th edition of an International Cricket Sixes is being played, ending on April 6. Its inaugural competition took place in 1988, but three years were lost to the COVID-19 pandemic. Sixes cricket was introduced to Thailand by Myles de Vries, initially at the Royal Bangkok Sports Club in 1985. … Read more
RIYADH: Carbon markets are set to play a pivotal role in achieving climate goals, with efforts from Saudi Arabia and the UAE, paving the way for a smooth energy transition. According to a new report from the International Energy Forum, carbon markets are capable of effectively lowering the costs associated with greenhouse gas removal by … Read more
GCC telecommunication firms reinventing themselves as ‘techcos’: S&P Global RIYADH: Telecommunication companies in the Gulf Cooperation Council region are redefining themselves as technology firms to diversify their revenue streams, S&P Global said. In its latest report, the credit rating agency noted that moderate growth prospects for core telecom operations are one of the key drivers … Read more
Shaima Al-Husseini, managing director at the Saudi Sports for All Federation, has overseen a remarkable rise in participation across sporting codes and physical activities in the Kingdom over the last few years. Whether in the various community programs that have been established by the federation or in official competitions, engagement is well on track to … Read more
RIYADH: Women rejoining the workforce after a career gap could contribute $385 billion to the economies of nine Middle East and North Africa countries, a survey showed. According to a study conducted by PwC Middle East, this opportunity to increase the gross domestic product highlights significant employment potential in the region. This will prompt companies … Read more
Former driver Massa says he’s suing F1 and FIA over crash he claims cost him the 2008 title SAO PAULO: Former driver Felipe Massa said he’s filed a lawsuit in London against auto racing governing body the FIA, series owner Formula One Management and Bernie Ecclestone to try and claim the 2008 title. Massa added … 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
Heartbroken Lebanese fans once again looking on as AFC Asian Cup knockout stage kicks off As eight Arab nations continue into the AFC Asian Cup’s round of 16, two have been left wondering what could have been. Oman’s exit was a surprise. The other was a heartbreakingly familiar occurrence. Lebanon’s experience at the 2023 AFC … Read more
RIYADH: In a bid to attract global talent and diversify its economy away from oil, Saudi Arabia has added five new products to its premium residency program. The program, launched in 2019, aims to allow eligible foreigners to live in the Kingdom and receive benefits such as exemption from paying expat and dependents fees, visa-free … Read more