RIYADH: The share of retail consumer electronic payments in Saudi Arabia surged to 70 percent of total transactions in 2023, up from 62 percent in the previous year, official data showed. According to the Saudi Central Bank, also known as SAMA, this increase is attributed to the substantial growth of transactions processed through national … Read more
RABAT, Morocco: For years, Fatima Mhattar has welcomed shopkeepers, students, bankers and retirees to Hammam El Majd, a public bath on the outskirts of Morocco’s capital, Rabat. For a handful of change, they relax in a haze of steam then are scrubbed down and rinsed off alongside their friends and neighbors. The public baths — … Read more
BEIRUT: Turkiye bears responsibility for human rights abuses and violations of land and property rights in swathes of northern Syria it controls alongside its proxies, a Human Rights Watch report said Thursday. Since 2016, Turkiye has carried out successive ground operations to expel the Kurdish-led Syrian Democratic Forces (SDF) from Syria’s north, with its proxies … Read more
Future Minerals Forum 2024 Day 2: Workforce training key to sustainability in mining sector RIYADH: The final day of the Future Minerals Forum is underway in the Saudi capital, with discussions planned around artificial intelligence, developing responsible supply chains, and investing in capacity building. The two-day event, which was preceeded by a ministerial roundtable meeting, has already … Read more
RIYADH: Saudi Arabia’s secondary market for residential real estate financing has received SR50 billion ($13 billion) from the company tasked with transforming the sector, Arab News has been told. The Saudi Real Estate Refinancing Co., SRC, established in 2017 and fully owned by the Public Investment Fund, is designed to provide market liquidity as well … Read more