Browsing: Economy

The Cypriot Minister highlighted the multifaceted cooperation between the two countries, involving the hydrocarbons’ exploration activities in the Exclusive Economic Zone of the Republic of Cyprus

This collaborative initiative aims to simplify and expedite ‘Qualitative Licensing Services’ procedures for granting hotel and tourism establishments, to stimulate the tourism sector

RIYADH: Real estate development in the Eastern Province is set to receive a boost as two Saudi firms agree to launch a fund worth SR1.37 billion ($365 million) to drive investment in the sector.

LONDON: The World Economic Forum said on Wednesday that the global economy is poised to improve or remain stable this year, but it also warned of potential dangers stemming from geopolitical and domestic tensions.

RIYADH: Saudi Arabia is set to activate high-speed public charging infrastructure to support the adoption of electric vehicles, thanks to a new agreement. 

RIYADH: Saudi companies have garnered SR659 billion ($176 billion) in orders for their initial public offerings, with investors eager to capitalize on the returns processed over the past two years. 

RIYADH: The Saudi economy has demonstrated resilience, marked by sustained growth in non-oil sectors and a globally low annual inflation…

RIYADH: Saudi Arabia’s pursuit of a sustainable manufacturing hub gains momentum as Alat partners with Lenovo Group to establish a facility and invest $2 billion through zero-coupon convertible bonds. 

RIYADH: Saudi banking sector’s loans increased to SR2.68 trillion ($715.56 billion) in April, marking an 11 percent increase compared to the same month in 2023, official data showed. 

RIYADH: Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth with a brand value of $1.1 billion, according to an analysis.