The Fourth Industrial Revolution (4IR), a concept developed by Klaus Schwab of the World Economic Forum (WEF) as a roadmap for the 21st century, has applications across all aspects of human life, from the way we communicate with each other to our relationship with the physical world.

As the two most dynamic economies in the GCC, both Saudi Arabia and the UAE want to optimize their competitiveness in order to attract foreign direct investment and encourage trade with the rest of the world.

Saudi Arabia this week took a welcome step along the path to streamlining its domestic financial infrastructure with the merger of two pension and social security fund entities.

Brent crude seems to have set at least a new floor above $70, and even West Texas Intermediate — the biggest victim of the price collapse of just over a year ago — is also reaching multi-year highs. Yet US shale appears to be stuck in a rut.

From the vantage point of the lobby of the Ritz Carlton in Riyadh, the post-pandemic world looks an increasingly optimistic place.

It has been a big week of symbolism for the energy transition, with two events that could be interpreted as landmarks on the road to the Paris Agreement’s 2050 goal of net-zero carbon emissions and a cleaner planet.

Global stock markets — the Saudi Tadawul included — suffered a surge of panic last week on the fear of higher inflation.

Just as the world begins to recover from the impact of the pandemic recession, the so-called “specter” of inflation is said to be rearing its head over the global economy.

The US economy is “ready for take-off,” American President Joe Biden said in his first speech to Congress; news the rest of the world has been waiting to hear for a long time.