Saudi Arabia Working On 160 Privatisation, Says Finance Minister

PARIS, France – Saudi Arabia is working on 160 privatisations and intends to announce more next year, Finance Minister Mohammed al – Jadaan said on Thursday. Speaking at a financial forum in Riyadh, he said plans to privatise assets in the education and logistics sectors were ongoing. Earlier this year, Saudi Arabia suspended the privatisation of … More Saudi Arabia Working On 160 Privatisation, Says Finance Minister

Ferrari Roars Out With High Octane Daytona SP3 For Its Icona Fans

MILAN, Italy – Ferrari’s new high octane model, the Daytona SP3, ends a long wait by lovers of its Icona – series cars, although it may not be welcomed by those trying to curb carbon emissions. With an 840 horse power, 12 – cylinder (V12) aspirated mid – rear – mounted engine, the Daytona SP3 … More Ferrari Roars Out With High Octane Daytona SP3 For Its Icona Fans

Saudi Bourse On Course To Extend Losses After Done Attacks

PARIS, France – Most major stock markets in the Guld fell in early trade on Monday, with the Saudi Index leading the losses a day after its biggest one – day fall in over a year following drone attacks. Yemen’s Iranian – aligned Houthi movement said on Saturday it had fired 14 drones at several Saudi … More Saudi Bourse On Course To Extend Losses After Done Attacks

Dubai Introduces Five – Year Visa For Employees Of International Companies In Emirate

DUBAI – Dubai has introduced a five – year entry permit for employees of international companies based in the emirate, Crown Prince Sheikh Hamdan bin Mohammed said on Twitter. ‘Our goal is to facilitate institutions and enable their teams to move quickly and easily to and from Dubai to participate in meetings, conferences and exhibitions … More Dubai Introduces Five – Year Visa For Employees Of International Companies In Emirate

Saudi Q3 GDP Growth At 6.8%, Highest Since 2012

PARIS, France – Saudi Arabia’s economy grew 6.8% in the third quarter from a year earlier, the fastest expansion since 2012, official data showed on Tuesday, as the world’s top oil exporter benefits from rebounding global economy demand. ‘This positive growth was due to the high increase in oil activity by 9.0% as a result … More Saudi Q3 GDP Growth At 6.8%, Highest Since 2012

Demand For Office Space In Riyadh Rises After HQ Ultimatum

PARIS, France – Demand for high – quality offices in Riyadh has increased after Saudi Arabia said foreign firms should move their regional headquarters there to be able to do business with the kingdom, real estate consultant Knight Frank said in a report. Saudi Arabia, the world’s top oil exporter and largest Arab economy, said … More Demand For Office Space In Riyadh Rises After HQ Ultimatum

Dubai Aims To Attract 25 Million Tourists In 2025

PARIS, France – Dubai plans to merge the departments of economy and tourism and hopes to attract 25 million tourists in 2025, Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum, Dubai’s Crown Prince, said on Twitter on Saturday. Sheikh Hamdan added that Helal Al Marri will be appointed as a general director of the new department. … More Dubai Aims To Attract 25 Million Tourists In 2025

S & P Expects Weak Tourism To Weigh On Dubai Economy Until Late 2022

PARIS, France – Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the United Arab Emirates and limited COVID – 19 restrictions, but weak international tourism will drag on the economy until late 2022, S & P Global Rating said. The economy of the Middle East trade, … More S & P Expects Weak Tourism To Weigh On Dubai Economy Until Late 2022