| Sunday 16 June, 2024 10:39 am

China OKs first ETFs tracking Saudi equities: Report

China approved on Friday its first exchange-traded funds (ETFs) investing in Saudi Arabia equities, fund managers told Reuters.   The products, managed by China’s Huatai-Pinebridge Investments and Southern Asset Management separately, will track Hong Kong-listed CSOP Saudi Arabia...

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Business & Money | Sunday 16 June, 2024 10:36 am

Saudi industry minister to discuss potential lithium investments in Chile in July: Report

Chile's government said on June 15 that Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, will visit the country in July and plans to meet with his counterpart Aurora Williams. The Saudi minister will discuss potential investments in lithium, as Chile is the world’s second ...

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Government | Sunday 16 June, 2024 10:18 am

Saudi Arabia detects 160 fake Hajj campaigns: Official

Colonel Talal Al-Shalhoub, Security Spokesperson of the Ministry of Interior, said 160 fake Hajj campaigns were detected this year, Saudi Press Agency reported.   Al-Shalhoub told reporters that the security authorities sent back 256,500 holders of visit visas, as well as 250,400...

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Healthcare | Saturday 15 June, 2024 5:46 am

Health ministry says no private medical insurance for pilgrims currently

The Ministry of Health said the Saudi government guaranteed to provide general insurance to ensure the safety of pilgrims during their performance of Hajj, Al Eqtisadiah newspaper reported.   It added that the private medical insurance has not been added to the Ministry of Haj and...

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Business & Money | Saturday 15 June, 2024 5:42 am

PIF mulls to invest $15B in Brazil: Report

The Public Investment Fund (PIF) plans to invest $15 billion in Brazil, in areas such as green hydrogen, infrastructure and renewable energy, Reuters reported, citing Alexandre Silveira, Brazil's Minister of Mines and Energy.   The plans were shared by PIF during meetings with...

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Environment & Energy | Saturday 15 June, 2024 5:40 am

Saudi Arabia one of major clean energy investors: Minister

Saudi Arabia is one of the major investors in clean energy as it has giant projects aimed at reducing the climate change effects, Saudi Press Agency reported, citing Adel Al-Jubeir, Minister of State for Foreign Affairs and Climate Envoy.   The Kingdom has a waste recycling program...

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Business & Money | Saturday 15 June, 2024 5:38 am

King Salman Airport terminal to kick off in 2026: Exec

King Salman International Airport (KSIA) will open its terminal by 2026, Acting CEO Marco Mejia told Asharq News.   A runway will be launched in 2027, a new terminal in 2028, and the most prominent building in 2030, Mejia said, adding that the construction work will continue until...

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Business & Money | Saturday 15 June, 2024 5:36 am

Domestic demand seen to remain key driver of Saudi economy: IMF

The International Monetary Fund (IMF) experts said domestic demand is expected to remain the key driver of Saudi economy, expecting the non-oil growth to reach about 3.5% in 2024, amid a fall in investment growth before rising in 2025 and beyond.   This was attributed to the Public...

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Business & Money | Saturday 15 June, 2024 1:39 am

Shozon Marketplace Launches in UAE, Offering Free Listing and Referral Rewards

Dubai, UAE -  Shozon Marketplace officially launches in the UAE, a new licensed platform for real estate, cars, jobs, and classifieds listings. Shozon empowers businesses and individuals to connect with buyers, renters, employers, and potential employees through an easy-to-use...

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Culture & Education | Saturday 15 June, 2024 12:36 am

Plekhanov University in Dubai has announced tuition-free - grant spots for the most outstanding applicants

Plekhanov University in Dubai is launching four educational programs—two for undergraduate studies ("Finance" and "Marketing") and two for graduate studies ("Corporate Finance" and "Digital Business").  Two tuition-free – grant spots are provided for each program. Dubai - Applicants...

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