Global Markets – stocks shrug off patchy data; gold faces biggest weekly fall in 2024 News

RIYADH: Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed.   This growth, up from the current SR68.3 billion in 2024, is primarily driven by the health and motor segments, which together will account for 86 percent of the … Read more

Mobile gaming ‘to drive esports in Saudi Arabia,’ says Senior VP of Global Marketing at ESL FACEIT News

Acclaimed Saudi conceptual artist Maha Malluh talks critical thinking, preserving the past and passion project DUBAI: As Saudi artist Maha Malluh tells it, she didn’t choose art as a career path. It chose her.   Malluh was born in the coastal city of Jeddah in 1959 to a family who nurtured her artistic tendencies. “I grew … Read more

Saudi Arabia’s insurance industry set to surpass $22bn by 2028: Global Data News

RIYADH: Saudi Arabia’s insurance industry is projected to experience a compound annual growth rate of 5.2 percent until 2028, reaching SR83.7 billion ($22 billion), a study showed.   This growth, up from the current SR68.3 billion in 2024, is primarily driven by the health and motor segments, which together will account for 86 percent of the … Read more

Developing nations must adapt to withstand global economic shocks, says Egypt’s PM Mostafa Madbouly News

DUBAI: Egypt is responding to recent global economic turmoil by encouraging private sector investment, exploring new technologies, prioritizing the green transition, and shaking up its governance model, Egyptian Prime Minister Mostafa Madbouly has said. The Arab world’s most populous country, home to more than 110 million people, has been almost uniquely vulnerable to the economic … Read more

Riyadh hosts global conference for a safer space future News

RIYADH: The inaugural Space Debris Conference, themed “Towards Securing the Future of the Global Space Economy,” kicked off in Riyadh on Sunday. In attendance was Abdullah Al-Swaha, minister of communications and information technology and chairman of the Saudi Space Agency, and Mohammed bin Saud Al-Tamimi, CEO of the Saudi Space Agency. The two-day conference brought together … Read more

8 global tech firms commit to ethical AI in collaboration with UNESCO News

‘Journalistic malpractice’: CNN staff rebel over network’s pro-Israel coverage DUBAI: Staffers at CNN are rallying against the network’s coverage of the Israel-Hamas conflict over claims that editorial policies are censoring Palestinian perspectives and promoting Israeli propaganda. Journalists in CNN newsrooms in countries including the US said that the network’s story-approval process and management edicts have … Read more

Saudi model Rumy Al-Qahtani competes in Miss & Mrs Global Asian News

Ithra opens first exhibition for late US-Lebanese artist Etel Adnan in Saudi Arabia  DUBAI: The King Abdulaziz Center for World Culture (Ithra) on Friday opened a retrospective exhibition titled “Etel Adnan, Between East and West.” It showcases the works of late Lebanese-American poet, artist and philosopher Etel Adnan, one of the region’s most renowned contemporary … Read more

UAE maintains 5.7% growth projection despite global challenges, says top official  News

AMSTERDAM: The social enterprise Subul connects refugees and conflict-affected individuals with employment opportunities in the digital labor market. With outsourcing as its business model, its goal is to help them achieve success while meeting the needs of international businesses, Syrian founder Khaled Shaaban, 39, told Arab News. In December, Subul pre-launched its latest service, the … Read more

Suez Canal Authority assures global shipping lines of support amid rising Red Sea tensions  News

SINGAPORE: Oil prices climbed on Monday after a drone attack on US forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea, hitting a Trafigura-operated fuel tanker, according to Reuters. Risks of a widening conflict comes as Russian refined … Read more

Saudi Arabia’s Red Sea Global unveils beach cleaning robot News

How a new initiative aims to reinforce Saudi Arabia’s biotech leadership position DUBAI: Saudi Arabia is not only the Middle East’s largest regional market for pharmaceuticals and vaccines, but also has been strategically investing in biotechnology-related sectors. The country’s genetic diversity and geographical climate provide ideal conditions for conducting complex studies and research. It has also … Read more