RIYADH: Oman’s nominal gross domestic product registered an annual 2.8 percent drop thanks to an output decrease from the hydrocarbon sector, according to the latest figures. Citing data from the National Center for Statistics and Information, the country’s central bank reported that the oil sector saw an 11.9 decrease in volume produced in the final three … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,772.46 points, witnessing an increase of 10.03 points, or 0.08 percent. The parallel market, Nomu, ended the day at 27,204.67 points, down 75.02 or 0.28 percent. Conversely, the MSCI Tawadul Index grew by 1.53 points to close at 1,606.96, … Read more
RIYADH: The Saudi capital finds itself in global competition with cities like New York and Tokyo for a skilled workforce, according to its mayor. With a population exceeding 7 million, the city is experiencing an ongoing transformation as it becomes a hub for attracting talent and boosting entrepreneurship. In an interview with Arab News at … Read more
RIYADH: Egypt plans to build an electric and diesel car manufacturing factory with a production capacity of up to 6,000 vehicles in collaboration with Hinduja Group, one of India’s largest companies. The move will help bolster the North African country’s economy and create job opportunities for Egyptians. Egypt’s Minister of Planning and Economic Development Hala El-Said, who … Read more