Riyadh climbs to 25th in IMD Smart City Index, Al-Khobar joins the ranks

Saudi Arabia braces for Eid Al-Fitr rush with anticipated surge in airline passengers RIYADH: Buoyed by the millions of Umrah performers and worshippers throughout the holy month of Ramadan, Saudi Arabia braces for a surge in travel for Eid Al-Fitr.  The spike is expected to result in a significant rise in the number of arriving … Read more

Alkhobar joins Saudi Arabia’s smart city elite, ranks 99th in global index

RIYADH: The Green Team of the Medical Students’ Association at Alfaisal University recently organized a desert clean-up, clearing the popular Khararah Lake site in Riyadh. The aim of the exercise was to eliminate plastic waste, reduce land pollution and eventually improve the overall environment in the area. The Green Team is a student-led committee created to … Read more

PIF ranks 5th among sovereign wealth funds globally, nears $1tn in net assets 

RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report. In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation … Read more

Saudi Arabia ranks 3rd in Global Retail Development Index: Kearney 

Dubai real estate market soars amid record residential transactions in 2023: report  RIYADH: Dubai’s real estate market experienced robust growth in 2023, reaching an all-time high with residential transactions totaling 118,993 units, a report from CBRE revealed.  The report highlighted a 29.6 percent year-on-year increase in deal volumes, driven by growth in both the off-plan … Read more

Saudi Arabia ranks 4th on G20 road quality index

RIYADH: Global financial experts will gather in Riyadh on Monday to discuss the future of finance, evolving strategies, and innovative ideas to boost the sector’s growth at the third Saudi Capital Market Forum. The two-day event organized by Saudi Tadawul Group, to be held under the theme “Powering Growth,” will serve as a nexus for … Read more

Saudi expenditure authority ranks 3rd in Kingdom for ‘Best Work Environment’

RIYADH: The Expenditure and Projects Efficiency Authority achieved third place across Saudi Arabia in the “Best Work Environment” accreditation for 2023, presented by the “Great Place to Work” global authority on workplace culture. EXPRO received the accreditation for the second year in a row in recognition of its excellence in spreading the culture of work environment … Read more

Saudi Arabia ranks 2nd among G20 countries in ICT Development Index

RIYADH: Commercial opportunities in Saudi Arabia’s sports sector are set to grow at an unprecedented rate even before the Kingdom hosts the 2034 FIFA World Cup, an industry expert has forecast. Speaking to Arab News, Jurg Kronenberg, partner at global management consulting firm Bain & Co., praised Saudi Arabia’s developments in the industry, which he … Read more

Cairo to Jeddah sector ranks 2nd busiest international route of 2023

RIYADH: Saudi Arabia’s Public Investment Fund on Thursday announced the signing of an agreement to invest in Saudia Technic, a subsidiary of Saudia Group. Formerly known as Saudia Aerospace Engineering Industries, Saudia Technic  provides services across key aviation maintenance, repair and overhaul segments, including line, base, components and engines. PIF and Saudia Group will transform … Read more

Al-Ahli’s Firas Al-Buraikan shows Saudi striking prowess ranks with foreign superstars

LONDON: Ashleigh Plumptre, the intrepid Al-Ittihad center-back, admits she is not easily starstruck, but there is one sportswoman, that if they were to meet, would make her quite “nervous.” Since arriving in Saudi Arabia in September, she has not rushed to seek autographs or take selfies with icons such as Karim Benzema or N’Golo Kante, … Read more