strengthen

GCC countries should strengthen supply chains to ensure industrial growth: Oliver Wyman

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Saudi Arabia’s AI adoption ignites technological advancement and economic growth RIYADH: As artificial intelligence gains global attention and becomes a buzzword, Saudi Arabia is positioned for accelerated adoption to enhance efficiency across its industries. Over the years, AI has evolved into a transformative technology revolutionizing numerous industries and domains. Its development and adoption across sectors … Read more

Turkiye will take steps to strengthen economic program, Erdogan says 

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ANKARA: Turkiye will take steps to strengthen its medium-term economic program and the three main priorities are to increase public savings, prioritize investments and accelerate structural reforms, President Tayyip Erdogan said.  Speaking on Tuesday evening after a cabinet meeting, Erdogan said his economic team had made preparations for such steps to strengthen the program, MTP, … Read more

Saudi Arabia and Spain strengthen collaboration in urban infrastructure and renewable energy sector

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RIYADH: Saudi Arabia’s crude production reached a seven-month high of 9.01 million barrels per day in February, data from the Joint Organizations Data Initiative showed.  This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month.   Furthermore, the data indicated that the Kingdom’s crude exports rose to 6.32 million bpd, reflecting … Read more

Saudi FM visits Pakistan to strengthen economic ties

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RIYADH: The fourth Gulf Cinema Festival, which runs until April 18, is currently taking place in Riyadh. Organized by the Saudi Film Commission under the patronage of Prince Badr bin Abdullah bin Farhan, the minister of culture and chairman of the commission’s board of directors, the event brings together several pioneers of Gulf cinema. Dignitaries, … Read more

Saudi Arabia and Morocco strengthen economic ties with deal between commerce bodies

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RIYADH: Saudi Arabia’s Tadawul All Share Index declined 189.34 points or 1.58 percent on Wednesday to close at 11,796.63.  The total trading turnover of the benchmark index was SR8.6 billion, with 120 stocks advancing and 93 retreating.  Similarly, the MSCI Tadawul decreased by 31.09 points, or 1.99 percent, to close at 1,530.39. In contrast, the … Read more

AI to strengthen connection with readers: Dow Jones chief

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LONDON: SRMG, the largest integrated media group from the MENA region, has announced significant operational changes with the launch of a new exclusively digital approach for Arriyadiyah, AlEqtisadiah and Malayalam News, effective Jan. 19, 2024. Additionally, SRMG has announced the appointment of several new editors-in-chief, deputy editors-in-chief, and assistant editors-in-chief.   This announcement aligns with SRMG’s digital … Read more

Saudi Environment Ministry inks deal with AgriServ to strengthen agricultural support  

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Saudi Cabinet approves contracting rules for foreign firms without regional HQs   RIYADH: Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman, approved the contractual regulations for firms that do not have regional headquarters in the Kingdom.   The government has previously stated that it will not award contracts to any foreign company or commercial entity … Read more

Saudi Arabia, Jordan strengthen trade ties through land transport agreement

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Al-Ahsa Municipality issues 2,928 licenses to establish residential units in 2023 RIYADH: Saudi Arabia’s Al-Ahsa region witnessed a rise in residential units in 2023 as the governorate’s municipality issued 2,928 licenses for their establishment.   The authority has also approved 20 plans, 155 residential plots as well as two commercial plans and five government facilities, the … Read more

Saudi Arabia’s Jadwa Investment buys Black Spoon Group to strengthen consumer portfolio 

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RIYADH: Saudi Arabia’s Jadwa Investment has fully acquired the UAE-based food and beverage provider Black Spoon Group, as it aims to expand across the Gulf Cooperation Council countries.  It is the company’s second acquisition in the consumer sector this year after Gissah Perfumes Co., and the 16th private equity investment since its inception.  BSG has … Read more

Indonesia pledges to triple UNRWA contributions, strengthen global solidarity with Palestine

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WASHINGTON: Ukrainian President Volodymyr Zelensky will press Tuesday for more US military aid to battle Russia, which said any funding would be a “fiasco” and claimed its forces were advancing on the front. Zelensky, who is in Washington to plead for continued support, will meet with President Joe Biden at the White House and also … Read more