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. In its latest report, UK-based strategic consultancy Brand Finance revealed that Saudi Arabia’s wealth fund secured the top spot in the list due to its diverse investment strategy, trust…
MAKKAH: Almost 5,000 people are set to volunteer for programs launched by the Makkah arm of the Saudi Ministry of Islamic Affairs, Dawah and Guidance, the Saudi Press Agency reported on Wednesday. The branch has launched 247 opportunities via its volunteering platform to coincide with the start of the Hajj season. These include distributing more…
President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Yoon Suk Yeol, President of the Republic of Korea, today witnessed the signing of a landmark Comprehensive Economic Partnership Agreement between the UAE and the Republic of Korea, paving the way for a new chapter of economic cooperation and mutual growth. The ceremony…
KUWAIT: Boursa Kuwait hosted investor relations workshops in collaboration with Instinctif Partners, a strategic reputation advisory firm based in Europe, the Middle East and Africa, at the bourse’s premises on May 27, 2024, targeting companies listed in the Kuwaiti capital market. The workshops aimed at enriching the awareness and understanding of the latest, best-in-class standards and…
Muscat: Pursuant to the Council of Oman’s keenness to develop the capital market sector, activate its role as funding option, enhance the contribution of commercial companies to the local economy and to augment the market value of Muscat Stock Exchange and to increase the number of companies listed therein, His Majesty the Sultan issued Royal directives…
RIYADH: The General Directorate of Public Security announced that recruiters who postpone reporting the departures of employees as soon as their entry visas expire will be subject to a fine of about SR50,000 ($13,300), imprisonment for up to six months, and deportation of recruitees if they are expatriates. The directorate called for reporting residency, work…
RIYADH: Saudi Arabia’s top 10 listed banks saw their earnings surge by 8 percent in the first quarter of 2024, reaching SR18.65 billion ($5 billion) compared to the corresponding period of the previous year. The increase in earnings can be attributed to several factors, including an 11 percent growth in lending and a rising interest…
Algiers: The Sultanate of Oman, represented by the Council of Oman, on Sunday participated in tasks of the 36th conference of the Arab Parliamentary Union, being held in the People’s Democratic Republic of Algeria. The two-day conference discusses the current situation in the Arab region, the challenges facing joint Arab action, and ways to enhance cooperation…
RIYADH: Saudi Arabia and Norway hosted a meeting on a coordinated approach to the recognition of Palestine in Brussels on Sunday. The meeting discussed the urgent need to end the war in Gaza and take the necessary steps to implement a two-state solution, Saudi Press Agency reported. It was attended by ministers and representatives of…
Trade between the two region grew at a CAGR of 8% Bilateral trade in goods between the GCC and Africa grew by a compound annual growth rate (CAGR) of eight per cent in the ten years to 2022, and looks set to remain intact in the years ahead, a study showed. According to a report…
