
RIYADH | SAUDI ARABIA – – Retail Leaders Circle (RLC) MENA Summit will kick off in Riyadh on Monday, in partnership with ‘Invest Saudi’ and under the patronage of Minister of Commerce and Investment Majed al-Qasabi.
More than 50 speaker will take part in the summit, in addition to a group of experts and decision-makers in the regional retail sector.
The two-day summit will convene in the Saudi Arabia under the theme ‘Future Retail & Consumer: Thriving in a Changing Environment’. It will bring together more than 1,500 retail leaders, brand owners, SMEs, industry stakeholders policy-makers and investors.
It will organize dialogues and workshops that will focus on several significant topics that address that changing environment of retail and consumption in the Kingdom and the region.
It aims to shed light on Saudi Arabia’s plans to become a pioneer in business, investment and retail in line with its Vision 2030 goals.
The Kingdom’s hosting of the event coincides with Saudi Arabia taking over the G20 presidency.
The partnership between Invest Saudi And RLC is part of efforts by the Saudi Arabian General Investment Authority to attract key world and regional events that bring together business pioneers and decision-makers.
SABIC’s Quarterly Net Profits Slumps 94% On Lower Sales Prices
PARIS, France – Petrochemicals firm Saudi Basic Industries Corp (SABIC) said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. SABIC posted a net income of 0.29 billion riyals ($77.28 million) in the three – month period ended Dec. 31, down from 4.97 billion riyals in the year-ago period. Princes across…
Ukraine Gets Support From Saudis With $400 Million Aid Deal
PARIS, France – Saudi Arabia signed agreements worth $400 million with Ukraine on Sunday after the kingdom’s foreign minister made a surprise visit to Kyiv, a movie praised by Washington. Prince Faisal bin Farhan met President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dymytro Kuleba, and others. He was the highest-ranking…
Saudi Arabia Pauses Wealth Fund Plan To Acquire Egyptian Bank – Sources
PARIS, France – Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, two sources familiar with the matter told Reuters. The pause is the most recent stumble in the vast investment programme promised…
Still Filming, Spielberg, 76, Wins Berlin Lifetime Awards
PARIS, France — Director Steven Spielberg, picking up a lifetime achievement awards at the Berlin Film Festival, said the prospect of making new films continued to excite him at 76, and unveiled new details of his planned HBO series. The director, whose credits include some of the biggest – grossing and best – loved works…
UAE Names ADNOC Chief Jaber As COP28 Climate Conference President
PARIS, France – The United Arab Emirates said on Thursday that Sultan al – Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE’s minister of industry and technology and its climate envoy, will help develop the COP28 agenda and…
Saudi Arabia To Host Pre-Pandemic Numbers For 2023 Haj Pilgrimage Season
PARIS, France – Saudi Arabia will remove COVID-19 restriction for the 2023 haj season and host pre-pandemic numbers of pilgrims, the kingdom’s ministry of haj and umrah said on Monday. In 2019, the last yeast before the pandemic struck, some 2.6 million people performed the haj. The kingdom allowed only limited numbers from its residents…
UAE President Congratulates Netanyahu On Inauguration
PARIS, France – United Arab Emirates President Sheikh Mohammed bin Zayed al – Nahyan called Israeli Prime Minister Benjamin Netanyahu to congratulate him on his inauguration, the official Emirates News Agency (WAM) reported on Saturday. Netanyahu was sworn in as Israel’s prime minister on Thursday in a comeback at the head of a hard-right cabinet…
Former Pope Benedict Dies Aged 95
PARIS, France – Former Pope Benedict, who in 2013 became the first pontiff in 600 years to step down, died on Saturday aged 95 in the Mater Ecclesiae Monastery in the Vatican where he had lived since his resignation, a spokesman for the Holy See said. ”With sorrow I inform you that Pope Emeritus, Benedict…
Ronaldo Joins Saudi Arabian Club Al Nassr Until 2025
PARIS, France – Portugal capital Cristiano Ronaldo has joined Saudi Arabian club Al Nassr on a 2-1/2 year contract, the club announced on Friday, after leaving Manchester United to become a free agent. Ronaldo departed Old Trafford last month following an explosive television interview in which the 37-year-old forward said he felt betrayed by the…
Pele, Who Died At 82, Was A Sports Star And Cultural Icon
PARIS, France – The Brazilian soccer star said Andy Warhol told him that. It was a twist on something else the American artist is widely credited with saying, that ”in the future, everyone will be world-famous for 15 minutes”. Warhol made the soccer star’s portrait in 1977, and Pele took great pride in turning his…
Leave a Reply