Global leaders call for binding agreements, increased renewable energy investments at COP28 

DUBAI: Capitalizing on the positive momentum from the opening day of the UN Climate Change Conference in Dubai, global leaders, including heads of state and governments from over 117 countries, gathered at Expo City to set ambitious goals for transitioning toward more ecological and less carbon-intensive economies.   The boost to the mood was spurred … Read more

Brazilian meatpacker JBS mulls more investments in Saudi Arabia

RIYADH: Saudi Arabia is committing itself to a sustainable and green future through a variety of initiatives, with one of the most high-profile set to be held at the upcoming climate conference in Dubai. Alongside the UN’s COP28 summit, the Kingdom will host the third edition of the Saudi Green Initiative Forum on Dec. 4 … Read more

PIF’s ROSHN Group signs tech investments MoU with Hong Kong’s Tsangs Group  

RIYADH: China maintained its position as Saudi Arabia’s primary trading partner in September, dominating both exports and imports, according to the latest data released by the General Authority of Statistics. The trade surplus with China soared to SR6.67 billion ($1.78 billion), reflecting a 257 percent surge compared to August. During this period, Saudi Arabia recorded … Read more

Foreign investments in the Saudi capital market surge by 300% in last 5 years: CMA

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 55.06 points, or 0.50 percent, on Sunday to close at 11,137.03.  The total trading turnover of the benchmark index was SR4.50 billion ($1.20 billion) as 158 of the listed stocks advanced, while 59 retreated.  Similarly, the Kingdom’s parallel market Nomu also jumped 77.43 points, or 0.33 percent, … Read more