Bahar comes out on top in Lqaya category at Custodian of the Two Holy Mosques Camel Festival

RIYADH: Bahar, a camel owned by Qatari Jaber Salem Al-Jarboi, came out on top in the “Lqaya” category of the Custodian of the Two Holy Mosques Camel Festival on Saturday, clocking in at 7 minutes 27 seconds, Saudi Press Agency reported. Organized by the Saudi Camel Federation, the inaugural edition of the festival commenced last Thursday at the Al-Janadriyah … Read more

Saudi Arabia’s point-of-sale and e-commerce payments reach $206bn in 2023

RIYADH: Saudi Arabia continued to embrace digital advancements in 2023, as both traditional point-of-sale systems and the e-commerce sector saw annual growth of 13 percent. The latest data release by the Kingdom’s central bank, also known as SAMA, showed the total value of e-commerce sales using Mada cards and point-of-sale transactions amounted to SR770.87 billion ($205.55 … Read more

Latin American SMEs keen to collaborate with Saudi Arabia

CAIRO: Saudi Arabia’s entrepreneurial landscape is bustling with innovation, as startups across the Kingdom are leading a digital revolution in various sectors. Among these, the healthcare industry stands out as a primary focus, with a significant influx of technology firms dedicated to enhancing the sector’s efficiency and accessibility. In an interview with Arab News, Prince Mohammed … Read more

Two killed in Jordanian military aircraft crash during training — statement News

World Governments Summit provides ‘exceptional opportunity’ to address today’s challenges: Experts DUBAI: This year’s World Governments Summit will present world leaders and delegates with a unique opportunity to combine efforts and address ongoing challenges amid rising regional tensions, organizers said ahead of the mega-event. The three-day summit, set to kick off in Dubai on Monday, … Read more

Arab region’s role rapidly increasing in a changing world: IMF chief  News

SAO PAULO: Saudi Arabia is in overdrive to diversify its economy away from oil by exploring all available opportunities available domestically and abroad. This very quest took Saudi Investment Minister Khalid Al-Falih to several nations in Latin America between July and August 2023. The aim of the tour was to explore avenues for economic cooperation. The … Read more

Arab nations see 9.8% surge in public expenditure, reaching $957.5bn in 2022: report  News

RIYADH: Arab countries witnessed a 9.8 percent increase in total public expenditure, reaching $957.5 billion in 2022, compared to $878.9 billion in 2021, according to a recent analysis.  The 43rd edition of the Arab Monetary Fund’s Joint Arab Economic Report disclosed that combined current expenditures in these nations jumped 9.9 percent to $824.6 billion in … Read more