Saudi Arabia is on target to deliver an Expo 2030 “by the world, for the world,” organizers have told event chiefs in Paris in their first progress report since Riyadh was chosen as host city. Abdulaziz Alghannam, director general of the Riyadh Expo 2030 office at the Royal Commission for Riyadh City, led the Saudi…
Intel is halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion toward a chip plant.The chip giant in December said it was going to expand an ongoing $10 billion plan at the Kiryat Gat site, in the south of the country, currently under construction.Solicited by…
RIYADH: Saudi Arabia’s Public Investment Fund has topped the list of the most valuable brands among global sovereign wealth funds, according to a report by UK-based brand valuation and strategy consultancy Brand Finance. The list includes 50 of the largest asset management companies and sovereign wealth funds in the world. The inaugural Asset Management and…
Saudi Arabia is on track to boost the localization of professions related to the mining sector thanks to a new agreement signed by the Human Resources Development Fund. Inked with the Saudi Arabian Mining Co., also known as Ma’aden, the memorandum of understanding aims to enhance cooperation and partnerships between the two parties to develop…
Banks are part of the economy, and they will provide a “lifeline” Banks in the UAE are willing to work with customers and provide a “lifeline” to those who were impacted by the unprecedented rains last month, said Abdulaziz Al-Ghurair, chairman of UAE Banks Federation in a media briefing on Tuesday. “For individuals, banks are willing to…
Lush greenery could carpet the beach sands of Dubai as millions of mangroves dot 72km of the Emirate’s coastline, according to plans of a project unveiled this week. Billed ‘Dubai Mangroves’, the project envisions planting more than 100 million mangrove trees. Dubai-based sustainable cities developer URB told Khaleej Times that the project — which is…
Saudi Arabia’s real gross domestic product saw a 1.3 percent rise in the first three months of this year compared to the previous quarter, official data showed. According to the General Authority for Statistics, this rise in real GDP was propelled by oil and non-oil activities which increased by 2.4 percent and 0.5 percent during the period, respectively. …
RIYADH: Around 1,000 leaders from 92 countries will convene in Riyadh for the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development on Sunday and Monday.Building on the inaugural Growth Summit in Switzerland last year, the Riyadh meeting will, according to the WEF, “promote forward-thinking approaches to interconnected crises, while remaining…
The Nanotechnology Association, supported by the Misk Foundation, is set to launch the Nanohub Program, aimed at inspiring and equipping the next generation for careers in the sector to help support a brighter future and a thriving economy. Nanohub, a nonprofit initiative, is structured in three phases to train Saudi graduates and entrepreneurs aged between…
Saudi Minister of Foreign Affairs, Prince Faisal bin Farhan received his Cypriot counterpart, Dr. Konstantinos Kompos, at the ministry’s headquarters in Riyadh on Thursday. During the meeting, the ministers reviewed the advanced bilateral relations between the Kingdom and the Republic of Cyprus, and ways to promote them in a variety of fields. They also discussed…
