WEF: Space economy to triple to $1.8 trillion by 2035, outpacing global GDP growth

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RIYADH: The net profit of insurance companies in Saudi Arabia surged by 1,221.3 percent year-on-year in 2023 to $861 million, driven by favorable economic conditions.  According to the report released by research firm Insurance Monitor, in association with Lux Actuaries and Consultants, four firms from the Kingdom grabbed their spots on the list of the … Read more

Saudi Arabia ups mineral resource estimates to $2.5 trillion -minister

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RIYADH: Saudi Arabia’s drive for environment-friendly materials is set to gain momentum as oil giant Aramco is collaborating with the Kingdom’s premier research university to establish a technology consortium.   The world’s most valuable company has formalized an agreement with the King Abdullah University of Science and Technology to create ENERCOMP, a new initiative will focus … Read more