The HDC·Together Huawei MEA Ecosystem Summit, held in Dubai, showcased a seamless fusion of collaboration and innovation. The first day of the exclusive event was on Nov. 27 at the illustrious Dubai Opera. It brought together Huawei Ecosystem partners from China and across the Middle East and Africa. Building bridges for future growth Organized in … Read more
The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more
In 2021 alone, more than 1,500 British companies – many of them household names – vanished into private hands including supermarket chain Morrisons, defence supplier Ultra Electronics, and security giant G4S. Private equity chalked up $1.3tr worth of deals worldwide – shattering the previous high of $670bn set in the year before Lehman Brothers imploded. … Read more
RIYADH: Pakistan aims to bolster its workforce in Saudi Arabia’s developing projects to boost collaboration with the Kingdom’s government and the private sector, according to a senior official from the Asian nation. Jawad Sohrab, special assistant to Prime Minister Anwaar-ul-Haq Kakar on overseas Pakistanis and Human Resource Development, told Arab News his country is focused … Read more
There are few elite live sports that have failed to become even more popular in the virtual world of esports. The online gaming industry is today worth hundreds of billions of dollars and now dwarfs the film industry and many sporting ones. The trend is only set to continue in one direction. Which is why … Read more
ISLAMABAD: Pakistan’s federal cabinet decided on Wednesday it would return the unutilized quota of the Hajj sponsorship scheme this year to Saudi Arabia, the Prime Minister’s Office (PMO) said, as the cabinet approved important amendments to the Hajj Policy 2024. The ‘Sponsorship Scheme Hajj’ was introduced by the government this year, allowing overseas Pakistanis to … Read more
RIYADH: Boeing anticipates a demand for 3,000 new aircraft in the Middle East by 2042, signifying the region’s growth in the aviation sector. During a media briefing ahead on Nov. 12, ahead of Dubai Airshow 2023, President of Boeing Brendan Nelson restated the company’s commitment to supporting the industry in Saudi Arabia, the UAE, and neighboring nations. … Read more
RIYADH: The “Riyadh Walkers” initiative was started by Hassan Al-Felo, Saleh Al-Ansar, Abdul Karim Al-Saghir, Mohamed Al-Ruwaili and Nasser Al-Balawi. The group began with walking in King Abdullah Park in Riyadh every Friday at dawn. With the help of their campaigning and through word-of-mouth, 22 groups from various neighborhoods in Riyadh have already joined up, numbering … Read more
JEDDAH: The Royal Institute of Traditional Arts and the Prince’s Foundation School of Traditional Arts have announced the first graduates of their inaugural diploma course, aimed at producing experts that can help protect and revive Jeddah’s cultural heritage. The diploma in Traditional Building Arts & Crafts was completed by 11 students — 10 female and … Read more
CAIRO: Saudi Arabia’s venture capital landscape has profoundly influenced the regional ecosystem, with startups attracting investments from the Kingdom’s speculators. One of these startups is Emirati-based SpiderSilk, which raised $9 million from Aramco’s venture capital arm Wa’ed Ventures with participation from Saudi-based STV and the UAE’s Global Ventures. Founded in 2019 by Rami El-Malak and … Read more