/main-category/finance en /node/2587557/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity%C2%A0%C2%A0">MIGUEL HADCHITY  </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 18:14</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Lebanon’s economic landscape showed signs of stabilization in 2024, with inflation rates returning to double-digit levels after three years of hyperinflation that had exceeded 200 percent.</p> <p> The annual inflation rate stood at 45.24 percent last year, a substantial drop from the staggering 221.3 percent recorded in 2023, according to data from the Central Administration of Statistics.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566578-1419767990.jpg" width="1000" height="667" alt="" title="The political breakthrough has also sparked a rally in Lebanon’s government bonds, which have nearly tripled in value since September. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/lebanon">Lebanon</a></div><div class="field-item odd"><a href="/tags/lebanon-economy">lebanon economy</a></div><div class="field-item even"><a href="/tags/inflation">Inflation</a></div></div></div> Thu, 23 Jan 2025 15:54:00 +0000 sarah.glubb 2587557 at /node/2587546/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity%C2%A0">MIGUEL HADCHITY </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 17:49</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Qatar recorded a budget surplus of 900 million Qatari riyals ($245.6 million) in the fourth quarter of 2024, up from 100 million riyals in the previous quarter. </p> <p> The Ministry of Finance stated on its X account that the surplus will be used to reduce public debt. It added that total expenditures for the quarter stood at 47.8 billion riyals, a 12 percent year-on-year decline, while revenues totaled 48.7 billion riyals, reflecting a 12.5 percent drop. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566557-1727718556.jpg" width="1000" height="668" alt="" title="The health, municipal and environment, general secretariat, and energy sectors ranked as the top-performing areas during the quarter, according to the Sector Performance Index. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/qatar">Qatar</a></div><div class="field-item odd"><a href="/tags/budget-0">budget</a></div><div class="field-item even"><a href="/category/tags/imf">IMF</a></div></div></div> Thu, 23 Jan 2025 14:54:13 +0000 ameen.syed 2587546 at /node/2587539/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid%C2%A0">REEM WALID </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 17:05</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ��������Ƶ’s Tadawul All Share Index slipped on Thursday, losing 8.35 points, or 0.07 percent, to close at 12,354.04. </p> <p> The total trading turnover of the benchmark index was SR6.67 billion ($1.77 billion), as 112 of the stocks advanced and 114 retreated.  </p> <p> Similarly, the Kingdom’s parallel market Nomu lost 154.28 points, or 0.50 percent, to close at 30,846.59. This comes as 32 of the listed stocks advanced while 49 retreated.  </p> <p> The MSCI Tadawul Index also lost 1.64 points, or 0.11 percent, to close at 1,543.38.  </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566531-1261390465.jpg" width="1000" height="667" alt="" title="he best-performing stock of the day was Almoosa Health Co., whose share price surged 10 percent to SR154. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/closing-bell">Closing Bell</a></div><div class="field-item odd"><a href="/tags/saudi-stock-exchange-tadawul">Saudi Stock Exchange (Tadawul)</a></div><div class="field-item even"><a href="/tags/tadawul-all-share-index-tasi">Tadawul All Share Index (TASI)</a></div></div></div> Thu, 23 Jan 2025 14:16:07 +0000 owen.bennett 2587539 at /node/2587536/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan%C2%A0">Nadin Hassan </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 16:45</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Gulf Cooperation Council banks are projected to issue over $30 billion in US dollar-denominated debt in 2025, following a record $42 billion in 2024, Fitch Ratings said in a new report. </p> <p> The surge in debt issuance is set to be driven by nearly $23 billion in maturing debt, lower US dollar interest rates, and strong regional credit demand, particularly in ��������Ƶ and the UAE. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566525-448496974.jpg" width="1000" height="667" alt="" title="Last year, GCC banks broke their previous debt issuance record of $25.6 billion set in 2020." /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/gcc-banks">GCC banks</a></div><div class="field-item odd"><a href="/tags/fitch-ratings">Fitch Ratings</a></div><div class="field-item even"><a href="/tags/debt-issuance">debt issuance</a></div></div></div> Thu, 23 Jan 2025 13:51:03 +0000 owen.bennett 2587536 at /node/2587525/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan%C2%A0%C2%A0">NADIN HASSAN  </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 15:51</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ��������Ƶ’s local digital bank Derayah Financial Co. plans to go public on the Tadawul’s main market by offering 20 percent of its total share capital.</p> <p> The Public Investment Fund-backed company aims to offer 49,947,039 ordinary stocks, following the Capital Market Authority’s approval on Dec. 25 for the registration and public offering of its shares through a partial sale by existing shareholders.</p> <p> The move aligns with the Kingdom’s broader efforts to develop its fintech sector, which has seen substantial growth in recent years.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566502-1002430221.jpg" width="1000" height="667" alt="" title="A picture shows the sign showing the name of the Saudi Stock Exchange (Tadawul) outside the exchange building in Riyadh. File/AFP" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/tadawul">Tadawul</a></div><div class="field-item odd"><a href="/tags/derayah">Derayah</a></div><div class="field-item even"><a href="/category/tags/ipo">IPO</a></div><div class="field-item odd"><a href="/tags/saudi-stock-exchange-tadawul">Saudi Stock Exchange (Tadawul)</a></div><div class="field-item even"><a href="/tags/initial-public-offerings-ipos">initial public offerings (IPOs)</a></div><div class="field-item odd"><a href="/tags/saudi-central-bank-sama">Saudi Central Bank (SAMA)</a></div></div></div> Thu, 23 Jan 2025 12:51:38 +0000 sarah.glubb 2587525 at /node/2587512/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 13:33</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Oman achieved a 6.2 percent budget surplus and a 2.4 percent current account gain in 2024, driven by prudent fiscal policies, high oil prices, and nonhydrocarbon export growth. </p> <p> In its 2024 Article IV consultation, the International Monetary Fund attributed these figures to effective economic management.</p> <p> Despite higher social spending under a new protection law, the nonhydrocarbon primary deficit as a share of nonhydrocarbon gross domestic product remained stable, highlighting the government’s commitment to financial discipline.    </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566467-625243005.jpg" width="1000" height="669" alt="" title="Oman’s economic resilience has been recognized internationally, with its sovereign credit rating recently upgraded to investment grade. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/international-monetary-fund-imf">International Monetary Fund (IMF)</a></div><div class="field-item odd"><a href="/tags/oman">Oman</a></div><div class="field-item even"><a href="/tags/oman-economy">oman economy</a></div></div></div> Thu, 23 Jan 2025 11:18:26 +0000 owen.bennett 2587512 at /node/2587510/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity%C2%A0">MIGUEL HADCHITY </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 13:49</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ��������Ƶ’s capital markets have raised $274 billion over the past five years, reflecting the Kingdom’s efforts to finance its Vision 2030 economic transformation plan.</p> <p> The Capital Market Authority’s 2024-2026 strategy aims to promote investment, attract global interest, and support economic diversification, advancing the nation’s financial sector. </p> <p> According to a report from S&amp;P Global, Saudi issuers, including the government and private sector, have raised more than $130 billion over the past five years through US dollar-denominated issuances.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566461-1871524329.jpg" width="1000" height="571" alt="" title="The current Saudi market environment is favorable for issuers, with declining interest rates and supportive financial conditions. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/saudi-arabia">��������Ƶ</a></div><div class="field-item odd"><a href="/tags/sp-global%C2%A0">S&amp;P Global </a></div><div class="field-item even"><a href="/tags/saudi-capital-market-authority">Saudi Capital Market Authority</a></div><div class="field-item odd"><a href="/tags/saudi-capital-market">Saudi capital market</a></div></div></div> Thu, 23 Jan 2025 10:52:04 +0000 sarah.glubb 2587510 at /node/2587494/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/225841">Reuters</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2025-01-23 11:40</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> DOHA: Qatar plans to introduce three new laws as part of a sweeping review of legislation designed to make the Gulf Arab state more attractive to foreign investors, the new minister of commerce and economy told Reuters.<br /> Sheikh Faisal bin Thani said in an interview that Qatar plans to introduce new legislation including a bankruptcy law, a public private partnership law and a new commercial registration law.<br /> “We’re looking at 27 laws and regulations across 17 government ministries that affect 500-plus activities,” he said, describing the legislative review.<br /></p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/23/4566420-880728343.jpg" width="1000" height="714" alt="" title="A man crosses Grand Hamad Street which hosts banks and financial institutions in Doha. File/Reuters" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/qatar">Qatar</a></div><div class="field-item odd"><a href="/tags/foreign-direct-investment-fdi">Foreign Direct Investment (FDI)</a></div><div class="field-item even"><a href="/tags/qatar-economy">qatar economy</a></div></div></div> Thu, 23 Jan 2025 08:47:14 +0000 sarah.glubb 2587494 at /node/2587444/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/mustafa-abu-sneineh">Mustafa Abu Sneineh</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 23:01</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> DAVOS: Qatar considers it a duty to support Syria and its new administration after 14 years of devastating civil war, Qatari Finance Minister Ali Ahmed Al-Kuwari said on Wednesday.</p> <p> The cost of reconstructing Syria is estimated at $400 billion, as the country needs to rebuild the housing, industrial and energy infrastructure damaged during the conflict.</p> <p> Since 2011, Qatar supported Syrian opposition factions that captured the seat of power in Damascus in early December 2024.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566290-1386642614.png" width="1616" height="896" alt="" title="Qatari Finance Minister Ali Ahmed Al-Kuwari speaking at the World Economic Forum in Davos (Screengrab/Courtesy: WEF)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/WEF2025">WEF 2025</a></div><div class="field-item odd"><a href="/category/tags/qatar">Qatar</a></div><div class="field-item even"><a href="/category/tags/syria">Syria</a></div></div></div> Wed, 22 Jan 2025 20:17:40 +0000 mustafaxsneineh 2587444 at /node/2587431/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/148726">DANIEL FOUNTAIN</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 22:31</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> DAVOS: ��������Ƶ’s finance minister on Wednesday said that the recent International Monetary Fund downgrading of its growth projection for the Kingdom’s economy for the year ahead did not paint the full picture.</p> <p> Speaking on a panel at the annual meeting of the World Economic Forum in Davos, Mohammed Al-Jadaan said that it was important not to look just at gross domestic product but at other indicators as well.</p> <p> The IMF revised ��������Ƶ’s 2025 GDP growth projection down to 3.3 percent, citing the impact of extended oil production cuts. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566310-1416806899.png" width="1181" height="704" alt="��������Ƶ’s Finance Minister Mohammed Al-Jadaan. (AN photo)" title="��������Ƶ’s Finance Minister Mohammed Al-Jadaan. (AN photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/WEF2025">WEF 2025</a></div></div></div> Wed, 22 Jan 2025 19:44:17 +0000 romulo 2587431 at /node/2587423/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/148726">DANIEL FOUNTAIN</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 21:32</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> DAVOS: ��������Ƶ’s real estate sector is undergoing a transformation that ranges from affordable housing to luxury living under the Kingdom’s Vision 2030 reform agenda, according to the chairman of Saudi company Dar Al Arkan.</p> <p> Yousef A. Al-Shelash highlighted the strides being made during a conversation with Arab News at the annual meeting of the World Economic Forum in Davos on Wednesday.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566228-1413700600.png" width="1582" height="1074" alt="As one of the world’s top 20 economies, ��������Ƶ’s evolving real estate market reflects its broader ambitions. (Supplied)" title="As one of the world’s top 20 economies, ��������Ƶ’s evolving real estate market reflects its broader ambitions. (Supplied)" /></div><div class="field-item odd"><img src="/sites/default/files/2025/01/22/4566230-2088655228.png" width="682" height="328" alt="As one of the world’s top 20 economies, ��������Ƶ’s evolving real estate market reflects its broader ambitions. (Supplied)" title="As one of the world’s top 20 economies, ��������Ƶ’s evolving real estate market reflects its broader ambitions. (Supplied)" /></div><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566231-1701502498.png" width="681" height="503" alt="As one of the world’s top 20 economies, ��������Ƶ’s evolving real estate market reflects its broader ambitions. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/WEF2025">WEF 2025</a></div><div class="field-item odd"><a href="/category/tags/saudi-vision-2030">Saudi Vision 2030</a></div></div></div> Wed, 22 Jan 2025 18:40:20 +0000 zaynab.khojji 2587423 at /node/2587419/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 20:38</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> DUBAI: Artificial intelligence can be used to reduce wastewater and redesign systems to facilitate resource recycling, a panel of experts told the World Economic Forum in Davos.</p> <p> Christophe Beck, chairman and CEO of Ecolab, said countries are becoming aware of the need for water to produce chips that get into the AI chain, which could, in return, be used to reduce wastewater.</p> <p> According to UN figures, by 2030, more than half of the world’s population will be water stressed, affecting economics, health and existing food scarcity and threatening $1.6 trillion in assets.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566223-346281697.png" width="842" height="471" alt="" title="A panel of experts told WEF 2025 that AI can be used to reduce wastewater and redesign systems to facilitate resource recycling. (Screengrab)" /></div><div class="field-item odd"><img src="/sites/default/files/2025/01/22/4566222-322387005.png" width="837" height="472" alt="" title="A panel of experts told WEF 2025 that AI can be used to reduce wastewater and redesign systems to facilitate resource recycling. (Screengrab)" /></div><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566221-1772151218.png" width="836" height="468" alt="" title="A panel of experts told WEF 2025 that AI can be used to reduce wastewater and redesign systems to facilitate resource recycling. (Screengrab)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/WEF2025">WEF 2025</a></div><div class="field-item odd"><a href="/tags/artificial-intelligence-ai">artificial intelligence (AI)</a></div><div class="field-item even"><a href="/tags/ecolab">Ecolab</a></div><div class="field-item odd"><a href="/tags/christophe-beck">Christophe Beck</a></div><div class="field-item even"><a href="/tags/acea">Acea</a></div><div class="field-item odd"><a href="/tags/fabrizio-palermo">Fabrizio Palermo</a></div><div class="field-item even"><a href="/tags/oxyle">Oxyle</a></div><div class="field-item odd"><a href="/tags/fajer-mushtaq">Fajer Mushtaq</a></div></div></div> Wed, 22 Jan 2025 17:47:54 +0000 seamus.obuachalla 2587419 at /node/2587392/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan">Nadin Hassan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 16:54</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ��������Ƶ’s Tadawul All Share Index was steady on Wednesday, as it marginally shed 7.21 points or 0.06 percent to close at 12,362.39.</p> <p> The total trading turnover of the benchmark index was SR7.62 billion ($2.03 billion), with 109 of the listed stocks advancing and 122 falling.</p> <p> The Kingdom’s parallel market Nomu also declined 317 points to close at 31,000.87, while the MSCI Tadawul Index edged down by 0.26 percent to 1,545.02.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566153-718838289.jpg" width="1000" height="533" alt="" title="The total trading turnover of the benchmark index was SR7.62 billion ($2.03 billion). Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/closing-bell">Closing Bell</a></div><div class="field-item odd"><a href="/tags/saudi-stock-exchange-tadawul">Saudi Stock Exchange (Tadawul)</a></div></div></div> Wed, 22 Jan 2025 14:15:51 +0000 owen.bennett 2587392 at /node/2587351/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/148726">DANIEL FOUNTAIN</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 12:53</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> DAVOS: The Middle East, particularly ��������Ƶ, is poised to play a pivotal role in the global energy transition, according to Mark Eramo, co-president of S&amp;P Global Commodity Insights. </p> <p> Speaking to Arab News at the annual meeting of the World Economic Forum in Davos, Eramo highlighted the region’s growing renewable energy capabilities and its potential to balance traditional energy demands with advancing sustainability goals.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566052-2026604476.jpg" width="1100" height="468" alt="" title="Mark Eramo, co-President of S&amp;P Global Commodity Insights. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/WEF2025">WEF 2025</a></div></div></div> Wed, 22 Jan 2025 09:55:33 +0000 Peter Harrison 2587351 at /node/2587344/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity%C2%A0">MIGUEL HADCHITY </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2025-01-22 11:55</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Education spending in ��������Ƶ surged by 91.5 percent to SR220.76 million ($58.8 million) between Jan. 12 and 18, fueled by students returning to school after the midyear break. </p> <p> According to the latest point-of-sale transactions bulletin, this sector was the only one to register positive growth during the week, with the number of transactions rising by 60 percent to 153,000. </p> <p> The education sector experienced a 44.4 percent drop in transaction value to SR115.2 million from Jan. 5 to 11, before rebounding this week.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/22/4566030-1681889415.jpg" width="1000" height="667" alt="" title="Education was the only sector to register positive growth during the week. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/finance">Finance</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/point-sale-0">point-of-sale</a></div><div class="field-item odd"><a href="/tags/education">Education</a></div><div class="field-item even"><a href="/category/tags/saudi-arabia">��������Ƶ</a></div><div class="field-item odd"><a href="/tags/pos">PoS</a></div></div></div> Wed, 22 Jan 2025 09:09:58 +0000 owen.bennett 2587344 at