Start-up of the Week: Armed with fresh funding, ‘logistics engine’ Locad now eyes Gulf expansion
With presence in Singapore, Philippines, Thailand, Malaysia, India, Australia, Indonesia and China, Locad has served more than 300 brands as of now...
Tag : Saudi Arabia
China mandates banks for USD 2 billion bond issuance in Saudi Arabia
Recently, China's Ministry of Finance announced that, with State Council approval, it would issue bonds in Saudi Arabia for a maximum of USD 2 billion...
Business Leader of the Week: Tony Douglas-led Riyadh Air wants to create aviation industry’s ‘Steve Jobs Moment’
In the words of Tony Douglas, the entire trip can be booked from one place, meaning hotels, cars and experiences...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand
The world's second-biggest economy and top oil importer, China, announced fiscal stimulus measures recently, but the impact on oil prices was muted...
Petrol price 40% cheaper in Nigeria than Saudi Arabia doesn’t make sense: Aliko Dangote
Noting that all other nations have done away with fuel subsidies, Aliko Dangote clarified that the Nigerian government could no longer afford the burden of subsidies...
Most Gulf-based business leaders confident of growth despite challenges
Most Gulf decision-makers are optimistic about the region's long-term prospects and believe it will establish itself as a significant hub for international business within the next 25 years...
SIDB: Pioneering digital transformation of brokerage services
The growth and success of SIDB’s Qardi have been a testament to the power of technology in revolutionising the financial industry...
Saudi FDI balance records 6.1% growth in Q1 2024, betters 2023 tally
According to the report, the majority of economic activities in Saudi Arabia saw positive annual growth rates in the first quarter of 2024...