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RIYADH: The logistics sector across the Gulf Cooperation Council region is set to prosper following the Saudi Cabinet’s approval of a land transport law within the region.

The Russian Ministry of Economic Development has raised its 2024 forecast for the country’s growth, citing domestic consumer and investment demand.

RIYADH: The Saudi capital has emerged as a beacon of “thought leadership, action, and solutions,” stated one of Saudi Arabia’s top officials as Riyadh prepares to host the World Economic Forum.

Al Hujairy highlighted the role of artificial intelligence in accelerating the achievement of the UN Sustainable Development Goals

S&P Global Ratings said motor insurers in the UAE, who increased their premia by up to 50% for certain coverage over the past year citing frequency and costs of claims, are likely to go in for another round of hikes in view of the recent floods.

Workers, especially the world’s poorest, are more vulnerable than the general population to the dangers of climate extremes such as heatwaves, droughts, wildfires and hurricanes

Traders said profit-taking on long tin positions betting on higher prices weighed on the market later in the session. Benchmark tin traded 1.8% down at $34,950 a metric ton in official rings, having peaked at $36,050 for its highest since June 2022

More than 1000 global leaders, including heads of state and government, and thought leaders from across the public and private sectors, as well as from international organizations, academic institutions, and non-government organizations will participate in the two-day event convened by Saudi Arabia

Saudi Arabia and the UK will hold a trade expo in Riyadh in May 2024, which will showcase investment opportunities aligned with Vision 2030.

The landmark decision allows Saudi citizens to visit the EU multiple times over a period of five years with the same visa