Saudi airports witness 42% rise in passengers in first 4 months of 2023
RIYADH: Fueled by significant growth in the Saudi travel and tourism sector, air traffic witnessed a strong rebound during the...
Business & Economy
Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021
RIYADH: Decelerating food prices drove Oman’s inflation levels to a 10-month low of 1.1 percent in April, according to the...
Egypt starts implementation of silicon production project in New Alamein
Arab Finance: Egypt has begun the implementation of the silicon production complex in New Alamein City, Minister of Petroleum and Mineral...
Saudi SME sector to prosper thanks to 23 new initiatives from Monsha’at
RIYADH: Small and medium enterprises in Saudi Arabia are set to prosper thanks to 23 new initiatives launched by the...
Fitch revises outlook on Oman to positive; affirms at ‘BB’
Fitch Ratings - Hong Kong - 11 Apr 2023: Fitch Ratings has revised the Outlook on Oman's Long-Term Foreign-Currency Issuer Default...
Qatar launches first air cargo hub in Africa
Qatar Airways Cargo has launched its first cargo hub outside Qatar, in collaboration with Rwanda’s national airline RwandAir, in a...
World’s longest subsea cable 2Africa reaches Saudi Arabia in connectivity boost
RIYADH: Saudi Arabia is now connected to the world’s longest subsea cable after the 45,000-km fiber-optic 2Africa network landed in...
Saudi-US trade and investment volume hits $55bn, US Embassy in Riyadh reveals
RIYADH: Trade between the US and Saudi Arabia has rocketed by 122 percent since 2021, according to new figures released...
Middle East’s real-time transaction growth driven by Saudi Arabia, says new report
RIYADH: Saudi Arabia recorded 352 million real-time payment transactions in 2022 amid its push to modernize the country’s payments infrastructure...
Saudi Arabia offers 50 investment opportunities worth over $25bn in machinery, equipment sector
RIYADH: Saudi Arabia will offer 50 investment opportunities worth over $25 billion in the machinery and equipment sector as part...
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