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Author: Steven Sahiounie
RIYADH: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has signed nine contracts valued at over SR1 billion ($266.5 million) with the private sector to improve service facilities and infrastructure across various industrial hubs.
SINGAPORE: Oil prices fell on Tuesday, extending losses from the previous session amid concerns about demand in China, the world’s largest crude importer, while the market shrugged off the risk of conflict escalating in the Middle East.
Kingdom working to secure access to lithium and other minerals for battery and electric vehicle manufacturing
RIYADH: Trade between Saudi Arabia and Brazil is poised to expand following a new agreement between their banks aimed at boosting cooperation and increasing non-oil exports.
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its downward trend for the second consecutive day as it shed 56.75 points to close at 12,064.65.
RIYADH: Saudi Arabia’s low-cost airline flyadeal saw a significant increase in available seating capacity in the first half of this year, reaching 5 million, which represents a 9 percent rise compared to the same period in 2023. According to a press statement, the airline operated 75 routes during the first six months of 2024, an 8 percent increase from the previous year. This growth highlights its role in strengthening Saudi Arabia’s aviation sector as the Kingdom seeks to enhance its global tourism profile and reduce its reliance on oil revenues. Founded in 2017, flyadeal operates a fleet of Airbus A320…
RIYADH: Merger and acquisition activity in the Middle East and North Africa region saw a modest 1 percent increase year on year in the first half of 2024, reaching $49.2 billion across 321 deals, according to Ernst & Young.
RIYADH: The number of passengers passing through Qatar’s Hamad International Airport surged 25 percent year on year to reach 25.9 million travelers in the first half of 2024.
RIYADH: Saudi Arabia’s giga-project NEOM is set to advance following its inaugural steering committee meeting with the Ministry of Investment. The meeting focused on approving strategic directions, reviewing plans, and exploring funding opportunities.
RIYADH: Saudi Arabia has now risen to fourth place in the World Economic Forum’s rankings for finding skilled employees, climbing three positions and demonstrating significant global progress, the Saudi Press Agency reported.
