Geopolitical threats such as the conflicts in Gaza and Ukraine pose the greatest risk to the global economy, Saudi Arabia’s finance minister has said. Speaking in a panel discussion during the special two-day World Economic Forum meeting in Riyadh, Mohammed Al-Jadaan warned that the knock-on effects of conflict are “directly impacting economies.” He said: “Geopolitical…
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…
Saudi Arabia is emerging as a hotspot for international investment. Its latest hook? Sustainable hospitality. The Kingdom led the Middle East and Africa’s hotel-building activity in 2023, with 42,033 hotel rooms constructed. This accounted for 35.1 percent of the 119,505 built in the region over the year, according to data from hotel monitoring firm STR. …
The 48th Saudi relief plane for Palestinians in Gaza arrived on Friday at Al-Arish International Airport, Egypt. It was operated by the King Salman Humanitarian Aid and Relief Center, in coordination with the Saudi Ministry of Defense. The plane carried shelter materials to be transported to the conflict-affected Palestinians in the Gaza Strip. The provision…
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…
Houthi attacks on international shipping in the Red Sea and the Gulf of Aden in response to Israel’s military offensive against Hamas in Gaza must not derail the peace process in Yemen, Tim Lenderking, the US special envoy for Yemen, has said. Since the war in Gaza began in October last year, attacks by the…
Qatar’s Amir Sheikh Tamim bin Hamad Al-Thani praised the Nepalese community in Doha during his trip to Kathmandu on Tuesday, the first Arab leader to visit the South Asian country. “His Highness praised the Nepalese community residing in the State of Qatar and its contribution to the development of several fields in the country,” the Amiri Diwan said in…
Saudi Arabia has welcomed an independent committee’s report on the performance of the UN Relief and Works Agency for Palestine Refugees, the Saudi Press Agency reported on Wednesday.The Saudi Ministry of Foreign Affairs said the Kingdom backed the report, which confirmed UNRWA’s main role in supporting the relief, humanitarian and developmental efforts of the Palestinian…
Israeli military on Tuesday rejected allegations that its forces buried Palestinians in mass graves at a Gaza hospital, after the United Nations called for international investigation into the deaths during Israeli sieges, saying war crimes may have been committed. In a statement, the military said corpses already buried at Nasser hospital were examined as part…
This month, Saudi Arabia marks six years of movie screenings after a 35-year gap. Back then, the idea of a flourishing domestic film industry seemed improbable. Today, it has become a reality. Since cinemas reopened on April 18, 2018, multiplexes have prospered, with accumulative box office revenues hitting almost $1 billion. Even the closures of…
