CAIRO: A wave of venture capital funding has washed over the Middle East and North Africa region, prompting transformative change in the entrepreneurial landscape. Saudi Arabia’s government is leading the shift through a subsidiary of the SME Bank, part of the National Development Fund. The Kingdom’s Saudi Venture Capital has made significant strides in … Read more
Kerten Hospitality, in partnership with developers RIKAZ and RAFAL and with the support of the Ministry of Tourism, unveiled a ground-breaking project in the heart of Riyadh — The House Urban Eco Resort. This unique resort is set to redefine urban eco-living, blending leisure, wellness, and business within a sustainable and luxurious environment. Kerten Hospitality … Read more
RIYADH: Innovation is a priority for HSBC Saudi Arabia as it aims to enhance its offerings, according to the bank’s CEO. Faris Al-Ghannam, CEO and board member of HSBC Saudi Arabia, provided a comprehensive overview of the financial institution’s prospective plans, along with the Kingdom’s economic landscape and the investment opportunities it presents. In an … Read more
RIYADH: Saudi Arabia’s non-oil exports, including re-exports, rose by 2.5 percent to SR22.6 billion ($6.03 billion) in November 2023 compared to the previous month, official data showed. According to a recent release from the General Authority for Statistics, the Kingdom’s overall merchandise exports experienced a 15.6 percent year-on-year decrease in November, amounting to SR95 billion. … Read more
GAZA: Deadly strikes were reported early Saturday in the overcrowded Gaza border town of Rafah — dubbed a “pressure cooker of despair” by the UN — as international mediators readied a new push to seal a tentative truce deal between Israel and Hamas.Hundreds of thousands of displaced Palestinians have fled south to Rafah since the … 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