Author: Steven Sahiounie

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.

RIYADH: The investment opportunities in Saudi Arabia’s Tabuk region are currently estimated at SR50 billion ($13.3 billion), according to the Kingdom’s Minister of Investment, Khalid Al-Falih.

RIYADH: The International Monetary Fund has approved the disbursement of approximately $820 million to Egypt following the completion of the third review of the country’s extended arrangement. 

RIYADH: Consumer confidence in Saudi Arabia ranks among the highest globally, with 95 percent of respondents believing the country is heading in the right direction, according to a new survey. 

RIYADH: Saudi and South Korean companies signed 10 agreements spanning construction, energy and health sectors on the sidelines of a business forum in Seoul on Tuesday.

Russian President Vladimir Putin said earlier that the platform of digital ruble showed efficiency and reliability as it was tested

The US Department of the Treasury said on Monday that the country’s national debt had climbed above $35 trillion for the first time ever