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In the final ten nights of Ramadan, as Eid al-Fitr draws near, Riyadh transforms into a bustling hive of activity. Shops see an increase in foot traffic, and the streets become crowded, reflecting the anticipation and excitement of families preparing for the upcoming celebration. As Eid approaches, families race to stores to purchase new clothes, decorations, gifts, and everything else that adds to the festive atmosphere. In a familiar scene, many stores extend their working hours to 24 hours a day to accommodate the growing influx of shoppers, with merchants viewing this season as a golden opportunity to boost sales,…

Saudi Arabia will celebrate the annual Saudi Green Initiative Day on Thursday, showcasing national efforts to promote environmental sustainability and combat climate change. The event comes as the kingdom makes significant progress toward the initiative’s goals, launched by Crown Prince Mohammed bin Salman in 2021. The plan aims to cut carbon emissions, expand green cover, and protect natural resources. The Saudi Green Initiative has achieved significant milestones across various sectors in recent years, according to Dr. Osama Faqeeha, Deputy Minister for Environment at the Ministry of Environment, Water, and Agriculture. Since its launch, the kingdom has expanded its protected areas…

In the final ten nights of Ramadan, as Eid al-Fitr draws near, Riyadh transforms into a bustling hive of activity. Shops see an increase in foot traffic, and the streets become crowded, reflecting the anticipation and excitement of families preparing for the upcoming celebration. As Eid approaches, families race to stores to purchase new clothes, decorations, gifts, and everything else that adds to the festive atmosphere. In a familiar scene, many stores extend their working hours to 24 hours a day to accommodate the growing influx of shoppers, with merchants viewing this season as a golden opportunity to boost sales,…

Reuters/Leah Millis US secretary of state Marco Rubio with Turkish foreign minister Hakan Fidan this week. The two countries hit each other with tariffs in 2018 during the first Trump administration Turkey must match EU tariffs New US tariffs coming in April Turkey-US trade worth $32bn Turkey’s customs entanglement with the European Union (EU) makes it vulnerable to retaliatory tariffs from the United States in the months ahead. The White House has collated a “dirty 15” list of countries which it alleges maintain unfair levies on goods and substantial trade surpluses over the US. They are expected to be the…

Supplied by Philips SMC intends to open three moree hospitals in Riyadh, which will become operational before 2029 Offer likely to be 30% of company Six firms hold CMA IPO approvals Three Saudi IPOs already in 2025 Specialized Medical Company (SMC), which operates two hospitals in Riyadh, has received approval from Saudi Arabia’s Capital Markets Authority to launch an initial public offering (IPO). The announcement allows SMC to issue 75,000 shares, representing 30 percent of its share capital. No further details about the listing were released. SMC’s CEO, Bassam Chahine, told AGBI in January that the company intended to open…

Rolls-Royce Oozing bling, class and ostentation, the Rolls-Royce Cullinan has been a smash hit in the Gulf, especially in Dubai I’ve no idea exactly who the master designers at Rolls-Royce had in mind as their potential market when they dreamed up the Cullinan, but I’d be very surprised if the car-crazy, affluent drivers of the Arabian Gulf were not a core target group. The car – the first foray into the SUV market by the elite motor manufacturer – ticks just about every box for the wealthy Dubai driver. It can wow them when you pull up at a five-star…

China rebuffed on Thursday a suggestion from US President Donald Trump that he might offer to reduce tariffs on the country to get Beijing’s approval for the sale of popular social media platform TikTok. Trump said this month the United States was in talks with four groups interested in acquiring TikTok, with the app facing an uncertain future in the country, AFP said. A US law has ordered TikTok to divest from its Chinese owner ByteDance or be banned in the United States, enacted over concerns that Beijing could exploit the video-sharing platform to spy on Americans or covertly influence…

Unsplash+/Getty Images The Crypto Radio may have been a misnomer, as it covers more than just crypto When we launched The Crypto Radio last summer in Dubai, the weather was hot and the energy levels were high. Here we were in a city with ambitions to become the leading crypto hub in the world.  From its forward-thinking regulatory framework to free zones that encourage crypto entrepreneurs, Dubai is busy laying the groundwork to achieve a mission. But was it the right place to launch the world’s only radio station dedicated to crypto and the blockchain? At the same time as…

Iraq, on Wednesday, finalized a contract with the London-based oil major, BP, for the development and production of four Kirkuk oil fields. The project is a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions, and a cornerstone of BP’s drive to refocus on its oil and gas business and away from renewables, according to Reuters. Tuesday’s signing of a final agreement on the project between BP CEO Murray Auchincloss and Iraq’s Prime Minister Mohammed Shia Al-Sudani follows an initial deal signed last month and a memorandum of understanding last year. According to…

Alamy via Reuters Traders on the floor of the Kuwaiti bourse. The government said the new law will push forward economic development in line with Vision 2035 New government legislation Debt issuance in multiple currencies Previous law expired in 2017 Kuwait can now borrow money from international markets after an eight-year hiatus. The government has issued a new law that sets the public debt ceiling at KD30 billion ($97.4 billion) and allows the issuance of financial instruments with maturities extending up to 50 years, the state-run Kuna news agency reported. The law will bolster financial stability and push forward economic development in…