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KSA’s growth in 2023 to be fueled by non-oil and oil sector activity: Report 

  • RIYADH: Saudi Arabia’s economic growth in 2023 is expected to be fueled by the robust expansion of the non-oil sector and sustained oil activity, according to a report released by consultancy firm Strategic Gears.  The new report titled, Annual Saudi Arabia Economic Outlook,&nb...
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Red Sea rebrands itself as it takes on more vibrant hues

  • RIYADH: Ever since its inception five years ago, Red Sea Global was set to build a tourism project that provides responsible tourism while developing pristine islands that were untouched for centuries. It introduced the concept of regenerative tourism, where the developers and operators shoul...
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Saudi Arabia may cut crude prices for Asia for December cargoes

  • SINGAPORE: Top oil exporter Saudi Arabia may cut the prices of most crude grades to Asia in December as weaker-than-expected fuel consumption in China amid its strict COVID-19 rules put a lid on regional demand, trade sources said. State oil giant Saudi Aramco may lower the official selling p...
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Xiaomi launches 12T Series in the Saudi Market

  • Xiaomi, the leading smartphone company, hosted a special event recently in Riyadh to celebrate the launch of a new range of innovative products. Attended by a selection of Xiaomi representatives, local media, and tech influencers, the event introduced a suite of state-of-the-art smartphones t...
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From the rise of China to the fate of crypto, Future Investment Initiative offered glimpses of a world in transition

  • RIYADH: The third and final day of the Future Investment Initiative (FII) forum in Riyadh saw experts unpack issues running the gamut from China’s rise to superpower status and the fluctuating fortunes of cryptocurrency to Africa’s green energy transition. One session, titled “China...
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All-new BMW 3 Series now available at Mohamed Yousef Naghi Motors

  • With a new look, an extensively modernized premium ambience and an advanced evolution in digitalization, the all-new BMW 3 Series has now arrived at Mohamed Yousuf Naghi Motors — the latest addition to the leading fleet available across the Kingdom. Starting at an attractive price of only SR2...
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Introducing the Kia Carens: A practical, premium 7-seater

  • KIA launched the all-new Kia Carens in the western region of Saudi Arabia at the KIA flagship showroom in Jeddah in the presence of media representatives, renowned influencers and partners of success. Designed for modern Saudi families, the Kia Carens is a comfortable and spacious three-row s...
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Irish daa International becomes Red Sea International Airport’s operator in $266m deal

  • RIYADH: The Red Sea Development Co. has signed a SR1 billion ($266 million) agreement with Dublin-based daa International for it to become operator of Red Sea International Airport, according to a statement.  Currently under construction in Hanak, Tabuk, in northwestern Saudi Arabia, the...
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Shares of Hospitality giant Alhokair rise as it gets CMA’s approval for 46% capital cut

  • RIYADH: Shares of Abdulmohsen Alhokair Group for Tourism and Development, one of Saudi Arabia’s largest hospitality firms, increased after announcing that it was granted approval by the Capital Market Authority for a capital reduction of 46 percent. At the opening bell of Monday’s tradin...
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Jameel Fund supports critical research projects

  • Community Jameel and Community Jameel Saudi Arabia have announced the second wave of funding from the Jameel Fund for Infectious Disease Research and Innovation for projects tackling the threat of respiratory diseases. Pioneering research projects at Imperial College London and King Abdulaziz...
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