PIF and stc Group strike deal to create region’s premier telecom tower company

RIYADH: Saudi Arabia’s food security drive is set to receive a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to construct high-tech greenhouses.   In a statement released on the Saudi Stock Exchange, Tadawul, the company outlined the signing of a memorandum of understanding with the Saudi Greenhouses Management and Agri … Read more

Saudi Arabia leading region’s transformative journey 

JEDDAH: In the heart of Saudi Arabia, amidst the towering skylines of Riyadh, Jeddah and Dammam that have long symbolized the nation’s economic strength, a new narrative is taking shape. It is a story of decentralized development, where attention is shifting away from the bright lights of the cities to the lesser-explored corners of the … Read more

Brothers in Baha restore ancient building to help revive region’s heritage

Jeddah-born artist Dana Awartani on making contemporary work that honors the past  DUBAI: At the Diriyah Art Biennale, Saudi-born artist Dana Awartani, who is of Palestinian heritage, has created a dreamy, otherworldly series of 10 silk fabrics in earthy hues of ochre, reds and greens placed on wooden frames and mounted on the wall as … Read more

Crown prince receives governors of Saudi regions

RIYADH: Members of the public have been urged to exercise caution over the coming days as weather warnings have been issued in several regions across Saudi Arabia. The General Directorate of Civil Defense said there could be thunderstorms from Thursday to Monday, the Saudi Press Agency reported. Moderate to heavy rain, leading to torrential rain, … Read more

UAE sees region’s highest bank branch revenues: top Roland Berger executive

RIYADH: Saudi Arabia’s non-oil exports increased 0.8 percent in January compared to the same month in 2023, official data showed.  According to the report released by the Kingdom’s General Authority for Statistics, the total value of the sector, including re-exports, reached SR24 billion ($6.40 billion). Moreover, the ratio of non-oil trade rose to 35.8 percent in … Read more

Two Russian border regions are now active combat zones: Ukraine official

US military chief tours arms plants with GOP lawmakers to show that Ukraine aid boosts jobs at home CAMDEN, Arkansas: As they stood before massive rocket launchers built in part by their Arkansas constituents, Republican lawmakers were getting an unambiguous message Thursday from America’s top military officer: A Ukraine aid package that’s stalled in Congress … Read more

Al-Thaqafiah TV named MENA region’s exclusive broadcaster of 96th Academy Awards ceremony

RIYADH: SRMG Labs, the creative and innovation agency founded by SRMG, won three awards at The Dubai Lynx Awards, the region’s largest creative festival organized by Cannes Lions. SRMG Labs wins included two Gold Dubai Lynx Awards in Outdoor, and Print and Publishing, recognizing their innovative “Newspaper Courts” campaign for Arriyadiyah. Additionally, SRMG Labs clinched a … Read more

Blooming once a year, Taif’s roses embody region’s heritage

JEDDAH: Saudi Arabia’s Visual Arts Commission launched “AlHasa Hassana,” a photography exhibition curated by Mohamed Somji, at Hayy Jameel in Jeddah on Sunday. The exhibition, showcasing winning entrants to the Kingdom Photography Award, as well as newly commissioned pieces by professional photographers, runs from Feb. 11 to March 2. For the second consecutive year, professional photographers from … Read more

Arab region’s role rapidly increasing in a changing world: IMF chief 

SAO PAULO: Saudi Arabia is in overdrive to diversify its economy away from oil by exploring all available opportunities available domestically and abroad. This very quest took Saudi Investment Minister Khalid Al-Falih to several nations in Latin America between July and August 2023. The aim of the tour was to explore avenues for economic cooperation. The … Read more

IMF lowers GCC region’s 2023 growth estimate to 0.5% on oil output cuts 

RIYADH: Saudi Arabia is poised for a 105 percent surge in average wealth per person in the next 10 years, jumping from the current $54,000, a new study showed. According to Henley & Partners’ BRICS Wealth Report, the Kingdom presently holds the sixth position within the bloc in terms of high-net-worth individuals. The consulting agency … Read more