Saudi Arabia Extends Financial Support to Lebanon Amid Crisis Saudi Arabia has stepped in to support Lebanon by funding urgent development projects as the country navigates complex economic and political challenges, as well as the repercussions of conflict with Israel in the southern region. According to Al Arab, a joint memorandum of cooperation was signed, […]
Kuwait’s Finance and Investment Minister, Dr. Anwar Al-Mudhaf, has announced that the country anticipates a budget deficit of 26 billion Kuwaiti dinars ($85 billion) over the next four years. Speaking to Kuwait TV, he revealed that in the past decade alone, Kuwait has accumulated a deficit of KD33 billion ($107.7 billion), which has been financed from […]
Qatar’s non-oil private sector growth accelerated in June, according to the latest Purchasing Managers’ Index (PMI) survey data from the Qatar Financial Centre (QFC) compiled by S&P Global. Fastest output growth in over a year Output increased at the fastest rate in a year and a half, as new business growth accelerated. Companies continued to expand […]
Various sectors across different parts of Saudi Arabia will soon have greater and easy access to manpower as the country’s first service provider eyes expansion with its initial public offering. Speaking to Arab News, Abdullah Al-Timyat, CEO of Saudi Manpower Solutions Co., known as SMASCO, said the IPO will help propel SMASCO within the Saudi market, […]
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. […]