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FINANCE & ECONOMY

Arab Agriculture Day to be observed on Sunday
September 27, 2020

RIYADH: The Saudi Ministry of Environment, Water, and Agriculture will celebrate Arab Agriculture Day on Sunday in parallel with the official event to be held at the Arab Organization for Agricultural Development (AOAD) in Khartoum.
This year’s theme focuses on rural development in the Arab world in the wake of the coronavirus disease (COVID-19) pandemic.
The AOAD was established in 1970. It is one of the several specialized Arab organizations working"...

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Saudi Arabia to host ‘virtual’ G20 meeting on oil markets
September 27, 2020

DUBAI: Energy ministers from the G20 countries under the presidency of Saudi Arabia will meet virtually on Sunday to discuss volatile oil markets and plans for a “green” recovery from the economic shock of the COVID-19 pandemic.

The Kingdom is strongly backing a “circular carbon economy” strategy to remove harmful greenhouse gas emissions from the atmosphere.

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MEA remains highest risk region, with risk further intensifying in Q2 2020: GlobalData
September 27, 2020

LONDON — The overall regional risk score in the Middle East and Africa (MEA) region in Q2 2020 was 55.6, according to GlobalData’s proprietary Global Country Risk Index (GCRI).

The risk score of the MEA region was higher as compared to the score of 48.8 in Q4 2019 because of the ongoing social conflicts and rising geopolitical tensions arising between various nations in the MEA region remaining an area of concern.

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“Captain Tsubasa: Dream Team” Dream Championship 2020 Online Qualifiers Kick Off Today!
September 27, 2020

KLab Inc., a leader in online mobile games, announced that its head-to-head football simulation game Captain Tsubasa: Dream Team will hold the worldwide Dream Championship 2020 tournament and will kick off its online qualifiers starting today.

Additionally, special in-game campaigns will be held to commemorate the start of the Dream Championship 2020.

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Why it matters to be local to Saudi listeners
September 27, 2020

Marking the occasion of Saudi Arabia’s National Day, Choueiri Group’s Data team presents greater insights into the world of music streaming in the Kingdom, focused on the success of their exclusive media partners “Anghami”. Just like music lovers across the MENA region, Saudi listeners have an infinite appetite for music, with the music industry on the rise in the Kingdom over the past couple of years. With the market eager and open to more"...

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Raysut Cement in Corporate Revamp: Brings on Board Young Leaders in Top Management Roles
September 27, 2020

Oman’s largest cement manufacturer, Raysut Cement Company (RCC), today announced a significant corporate revamp bringing on board young leaders from within the organization to new roles at key positions of the top management.

In a statement, the Muscat Securities Market (MSM)-listed company said bringing new leaders to steer the company has been done at a time of crucial regional"...

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Saudi Arabia's economy set to grow 2.3 per cent next year
September 27, 2020

Saudi Arabia's economy is set to grow 2.3 per cent next year as stimulus measures put in place to combat a contraction caused by the pandemic and lower oil prices kickstart a 'robust rebound', according to the Institute of International Finance.

The institute is forecasting a 5.2 per cent economic contraction this year following an 11 per cent second quarter decline, but said"...

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Best Buy, McKinstry, Real Betis, Schneider Electric, and Siemens Sign The Climate Pledge
September 26, 2020

The Climate Pledge, a commitment co-founded by Amazon and Global Optimism, calls on signatories to take urgent action to meet the Paris Agreement 10 years early

Signatories are implementing real, science-based, high-impact changes to their businesses, including deploying renewable energy, investing in sustainable buildings, and mobilizing supply chains to reach net zero by 2040

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Esri and AfroChampions Launch Partnership to Promote GIS in Africa
September 26, 2020

Esri, the global leader in location intelligence, today announced a joint initiative with AfroChampions, a Pan-African nonprofit that aims to promote policies that foster private-public collaboration for Africa's economic transformation. The goal of the initiative is to engage leaders in business, governments, the African Union, and other regional economic communities through dialogue and potential partnership building in applying geospatial technology and solutions. This new partnership with AfroChampions seeks to contribute to sustainable economic development in Africa and promote the benefits of a shared geospatial infrastructure throughout the continent. As a majority of Africans still live in rural areas, geographic information system (GIS) technology can create new opportunities for growth, especially in critical fields such as health and telemedicine, land management, agriculture, and mobility. The powerful mapping and data analytics that GIS provides......

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KSRelief launches number of projects in Somaliland
September 26, 2020

HARGEISA, Somaliland — In collaboration with the Norwegian Council for Refugees, Riyadh-based King Salman Humanitarian Aid and Relief Center (KSRelief), Saudi Arabia's charity arm, has launched a number of humanitarian projects for the protection of women and children, water and environmental reforms and education in Somaliland worth $2.2 million (SR8.2 million), benefiting 100,000 persons, the Saudi Press Agency reported on Thursday.

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