NEOM wraps up China tour by confirming Sindalah island attraction to open in 2024 RIYADH: Saudi megacity NEOM on Sunday wrapped up a tour courting Chinese investors with an event at its last destination, Hong Kong. The event was organized in partnership with the Belt and Road Office under the Commerce and Economic Development Bureau … Read more
RIYADH: Global trading system accessibility, intellectual property, and dispute settlement take center stage as the 13th World Trade Organization Ministerial Conference commenced in Abu Dhabi. The four-day event, starting on Feb. 26, will address these issues within the WTO, featuring the participation of trade ministers and senior officials from around the world, the Saudi … Read more
Startup of the Week – supply chain platform Omniful aims to boost Saudi Arabia’s e-commerce space CAIRO: E-commerce and supply chain operations platform Omniful is aiming to significantly boost its presence in the Saudi market after a successful $5.85 million seed funding round. In an interview with Arab News, CEO and co-founder of Omniful, Mostafa … Read more
RIYADH: Disruptions in the Red Sea are expected to add to the global economic woes by increasing manufacturers’ working capital in Europe, the Middle East and Africa, according to a report. The maritime crisis is expected to affect the free cash flow of industrial manufacturers, a report issued by Fitch Ratings said. The agency noted that … Read more
RIYADH: The Gulf Cooperation Council countries witnessed a surge in US dollar sukuk issuance, registering a 178 percent year-on-year growth in the past year. According to a report by Fitch Ratings, in core markets like the GCC, Malaysia, Indonesia, Pakistan, and Turkiye, sukuk accounted for a 29 percent share of debt capital market issuances across … Read more