Freshwater scarcity is an increasing problem faced by regions all over the world. Four billion people — almost two thirds of the world’s population — experience severe water scarcity for at least one month each year, and half of the world’s population could be living in areas facing water scarcity by as early as 2025. … Read more
Opening up financial sector and battling inflation key for Arab countries’ economic development: AMF RIYADH: Financial openness and tackling inflation played a significant role in the short-term financial development of Arab countries, a new study suggests. A recent analysis released by the Arab Monetary Fund examined the impact of economic freedom on the development of … Read more
RIYADH: The UAE’s economy received a positive outlook, with the nation’s central bank predicting a substantial 5.2 percent growth in the gross domestic product by 2025. According to the Central Bank of the UAE, the country’s GDP is expected to rise by 4.2 percent in 2024 before accelerating to 5.2 percent the following year. This … Read more
RIYADH: The UAE’s treasury sukuk auction received bids totaling 7.83 billion dirhams ($2.13 billion), signaling a promising trajectory for the country’s financial landscape. Represented by its Ministry of Finance and supported by the state’s central bank as the issuing and paying agent, the Gulf nation has disclosed the outcomes of its Islamic treasury bonds public … Read more
RIYADH: More than 1 million employees joined Saudi Arabia’s private sector in 2023, marking an 11.5 percent increase compared to 2022, according to new data. The National Labor Observatory said that 1.06 million workers joined the business sphere in 2023, with women constituting 37 percent of the total, representing a 2 percent increase from 2022, as reported … Read more
PALOS VERDES ESTATES, California: Nelly Korda took seven weeks off and nothing changed. She won again on the LPGA Tour and made it far more exciting than it needed to be. Korda made bogey on her last two holes Sunday to fall into a playoff in the Fir Hills Seri Pak Championship, and then ended … Read more
COP28 president unveils ‘Troika Vision’ to ensure countries deliver climate action RIYADH: President of COP28 Sultan Ahmed Al-Jaber has unveiled a joint vision involving the leaders of three climate change conferences as he called for energy transition pathways to be “just, orderly and responsible.” The first-of-its-kind Presidencies’ Troika was agreed upon during the 2023 summit in the UAE, and aims … Read more
Shaima Al-Husseini, managing director at the Saudi Sports for All Federation, has overseen a remarkable rise in participation across sporting codes and physical activities in the Kingdom over the last few years. Whether in the various community programs that have been established by the federation or in official competitions, engagement is well on track to … Read more
RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report. The analysis saw the Middle Eastern country given a PMI standing of 57.1 – up from 56.6 in January – with increased new business, more robust client activity, and intensified marketing and … Read more
Aldar Properties has announced the launch of Sama Yas, the first collection of exquisite homes that embrace a holistic approach to well-being and offer luxury park living on Yas Island. Set against the serene backdrop of Yas Park, this boutique residential community provides residents with a rare opportunity to enjoy a luxurious lifestyle within nature, … Read more