sectors

Omani authority injects $63.9m into 244 SMEs across different sectors

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RIYADH: Global economic volatility alongside emerging technologies has not deterred business confidence among CEOs in the Middle East, a recent report revealed. The CEO Global Insights Study for 2024 by Arthur D. Little, survey almost with 300 CEOs from across the world, and discovered positivity from leaders in the region. The report revealed that 61 percent of CEOs in the Middle East are optimistic about economic growth in … Read more

Saudi visual arts sector’s commercial registrations double in Q4 2023

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RIYADH: Moody’s Investors Service has retained a positive outlook for Saudi Arabia’s banking sector thanks to the Kingdom’s economic diversification programs. In its latest report, the US-based credit rating agency said the demand for credit for government-backed projects will improve loan performance and generate strong profit for banks in Saudi Arabia. “The banks’ operating environment … Read more

Qatar to invest $10.85bn in key sectors of French economy: Elysee 

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PARIS: France and Qatar have sealed a strategic partnership under which Qatar has agreed to channel €10 billion ($10.85 billion) into start-ups and investment funds in France between 2024 and 2030, the French presidency said in a statement.  The investments “to the mutual benefit of both countries” will target key sectors ranging from energy transition, semiconductor, aerospace, artificial intelligence, … Read more

Financial sector’s training market in Saudi Arabia to reach $267m by 2026

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RIYADH: Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58 trillion ($690 billion), the latest data showed.  According to the Saudi Central Bank’s latest monthly bulletin, credit extended to individuals, constituting 48 percent of bank loans, grew by 7 percent in 2023, while corporates … Read more

Saudi, UAE banking sectors set to lead regional growth: Fitch

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RIYADH: Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58 trillion ($690 billion), the latest data showed.  According to the Saudi Central Bank’s latest monthly bulletin, credit extended to individuals, constituting 48 percent of bank loans, grew by 7 percent in 2023, while corporates … Read more

Saudi Investment Ministry to maintain record of private sector’s foreign investments

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Saudi Arabia, Iraq collaborate to enhance construction research, elevate cement industry RIYADH: Saudi Arabia has launched a collaborative construction research initiative with Iraq to improve the country’s cement and building material industry. The two signed an agreement with the Saudi cement producer, Northern Region Cement Co., to advance the sector, responding to an increase in … Read more

Forum highlights importance of customer satisfaction in all sectors

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RIYADH: Saudi Arabia’s Commerce Minister Majid Al-Qasabi inaugurated the Customer Experience Forum in Riyadh on Wednesday. The specialized event was launched under the slogan “We Are Here” and aims to ensure customer or client satisfaction in the public and private sectors in the Kingdom. Al-Qasabi described customer satisfaction a “core business” for government entities and … Read more

Private sector’s ‘unique role’ can spur net zero, Badr Jafar tells Davos

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DAVOS: The private sector must play a “unique role” in the global transition to net zero, Badr Jafar, COP28 special representative for business and philanthropy, told a special session at Davos on Thursday. Speaking at the World Economic Forum annual meeting, Jafar urged the private sector to “deploy its dynamism, capital and action networks” in the … Read more

Nesma & Partners eyes new opportunities in mining, renewables sectors for future growth: CEO

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RIYADH: Saudi contracting firm Nesma & Partners is keen to explore new opportunities to expand and diversify its income streams, particularly in the mining business, a top executive has revealed.  Attending the Future Minerals Forum in Riyadh, the firm’s President and CEO Samer Abdelsamad emphasized that events like these focus on the evolution of robust minerals … Read more

Dubai announces new strategy to boost media sector’s profile, value

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JEDDAH: For most of the past two months, all eyes have turned to Gaza, the strip of land on the southern tip of ancient Palestine, as shells and missiles have flattened the land, displaced millions and injured and killed thousands. Due to restrictions on external reporting, much of the world’s view of these events has … Read more