Saudi Arabia’s Luxury Property Push: Trump Tower and More It’s full steam ahead for Saudi Arabia’s Neom megacity, but the kingdom is also green-lighting other luxury projects. On Monday, property developer Dar Global, the international arm of Saudi developer Dar Al Arkan, announced a new deal to develop a residential project in Jeddah in collaboration […]
Egypt’s manufacturing and extractive industries index, excluding crude oil and petroleum products, recorded a 12.61 percent monthly decline from 109.33 in March 2024 to 95.54 in April 2024. The latest release from the Central Agency for Public Mobilization and Statistics (CAPMAS) reveals that the furniture manufacturing index in Egypt saw a 9.27 percent monthly increase from 134.60 […]
More than 120,000 commercial registrations were issued by the Saudi Ministry of Commerce in the second quarter of 2024, marking a 78 percent year-on-year increase. According to data from the ministry, a total of 121,521 official identification cards for businesses were issued during the three months to the end of June, up from 68,222 in […]
Middle Eastern airlines saw a 9.7 percent annual growth in passenger demand in May fueled by an increase in Asia-related travel, according to an industry body. In its latest report, the International Air Transport Association said that the total capacity of airlines in the region posted a growth of 9 percent year-on-year in May. Moreover, […]
Always KSA has partnered with renowned Saudi fashion designer Nasiba Hafiz to introduce a groundbreaking heat-resistant fashion collection in Jeddah, Saudi Arabia. The collection, aptly named The Not Hot Collection, addresses the region’s soaring summer temperatures, which often exceed 45 °C (113 °F). The Not Hot Collection is the world’s first designer period wear inspired […]
Oman has ascended five spots to rank 53rd globally and 4th regionally in the 2024 Competitive Industrial Performance (CIP) Index, as released by the United Nations Industrial Development Organization. The CIP Index evaluates the industrial competitiveness of 153 economies worldwide, and Oman’s rise is attributed to significant investments in technology, automation, and supply chain improvements. […]
Saudi Arabia has witnessed a remarkable increase in its current account surplus, which surged to $7.6 billion (SAR28.6 billion) in the first quarter of 2024. This represents a significant 75.46% rise from the previous quarter, primarily driven by robust services exports. According to data from S&P Global Market Intelligence, the country’s services exports reached $15.64 […]
Saudi Arabia has embarked on a new phase in its ambitious Sports Clubs Investment and Privatization Project, which aims to privatize an additional 14 sports clubs. This initiative, launched by Crown Prince Mohammed bin Salman in June of last year, is a collaborative effort between the Ministry of Sport and the National Privatization Center. The […]
Qatar Airways achieved its best financial performance ever in the fiscal year 2023-2024, posting a significant 39 percent increase in net profits to $1.7 billion. The airline’s total revenue grew by 6 percent to $22.2 billion, with its earnings before interest, taxes, depreciation, and amortization (EBITDA) margin reaching $5.2 billion. This reflects the company’s emphasis […]
Several Gulf cities have been ranked among the safest in the world, according to the latest update from the ‘Crime Index by City 2024 Mid-Year’ by Numbeo. The list includes Abu Dhabi, Ajman, Doha, Dubai, Ras Al Khaimah, and Oman as some of the top cities globally in terms of safety. Out of 311 cities, […]