Arab

Saudi National Bank posts 20% rise in quarterly profit

DUBAI: Saudi National Bank (SNB), the country's biggest lender, on Sunday posted a nearly 20 percent rise in third-quarter profit from higher fees.SNB reported a net profit of 3.8 billion riyals ($1.0 billion) for the quarter that ended on...

Saudi insurer MEDGULF to increase capital by 50% to $279mn for more solvency

RIYADH: The Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF) plans to increase its capital by 50 percent to boost its solvency and leverage business expansion opportunities. The company plans to increase its capital from SR700 million ($186.6 million) to...

Desperate for employees, US businesses struggle to hire

NEW YORK: To keep the taps at his recently opened beer tasting room flowing, Peter Chekijian had no choice but to ask his main employees to come in seven days per-week.The staffing shortage has also kept Chekijian from realizing...

World leaders, environmentalists welcome Saudi Green Initiative

CAIRO: The Saudi Green Initiative launched by Crown Prince Mohammed bin Salman was widely welcomed by world leaders and leading environmentalists.The SGI aims to eliminate 278 million tons of carbon dioxide emissions per year by 2030, up from a...

SABIC announces carbon neutrality strategy at inaugural Saudi Green Initiative forum

RIYADH: SABIC unveiled its global strategy towards carbon neutrality at the inaugural Saudi Green Initiative in Riyadh on Saturday. The event was attended by a high-level delegation from the company who joined international heads of state and global leaders of...

SGI offers immense opportunities in recycling, waste management sectors

RIYADH: The Saudi Green Initiative is a great opportunity to create new ways of managing our industries, said Mohammed Alibrahim, Saudi Arabia's assistant minister for oil and gas. Speaking at a panel discussed titled "Carbon-intensive industries: Transitioning fast, at scale"...

NEOM will be ready to welcome tourists and investors by 2024: CEO

The city of NEOM will be ready by 2024 to receive tourists and investors, the CEO of the project has announced. "We spent two years transforming the vision into a strategy, as this strategy concerns all sectors of NEOM," Nadhmi...

Azerbaijan sees oil market stable, OPEC+ current output increase enough

Riyadh: Azerbaijan believes OPEC+ is helping to stabilize the world's oil market with its cautious decision to increase production by 400,000 barrels per day from November. Speaking to Arab News, the country's energy minister warned that it is gas...

Pakistan’s PM leaves for Saudi Arabia to attend ‘Middle East Green Initiative Summit’?

CAIRO: Pakistan's Prime Minister Imran Khan left for a three-day visit to Saudi Arabia on Sunday to attend the launch of the "Middle East Green Initiative Summit" in Riyadh, Pakistan's Foreign Office said in a statement. Khan left with Foreign...

Saudi youth are ’empowered’ to drive sustainable change, says energy minister

RIYADH: Youngsters in Saudi Arabia are working "day and night" to deliver environmental changes in the Kingdom, the country's minister of energy has said as he praised Crown Prince Mohammed bin Salman's leadership. Speaking at the Saudi Green Initiative Forum...
- Advertisement -spot_img

Latest News

- Advertisement -spot_img