Author: admin

LONDON — Gold prices soared above $5,000 an ounce for the first time in history, extending a historic rally that saw the precious metal rise more than 60% in 2025.Investors rushed into safe-haven assets as tensions between the United States and its key European allies over Greenland heightened concerns about financial and geopolitical uncertainty.The historic bull run in 2026 was driven by a series of moves by US President Donald to destabilize global and domestic markets, including threats of tariffs against NATO allies, a military operation to capture Venezuelan President Nicolas Maduro, and a criminal investigation into Federal Reserve Chairman…

RIYADH — Saudi Arabia’s Premium Residency Center has approved 3,484 private companies whose employees can qualify for Special Talent Premium Residency as long as they meet the program’s eligibility requirements, Okaz newspaper reported.Special Talent products target talented professionals in science, management and research fields whose skills and experience can strengthen local capacity and facilitate knowledge transfer.Holders of Special Talent Premium Residency will enjoy a variety of general benefits, including the right to reside in Saudi Arabia with their families (including parents, spouse and children under 25 years), freedom of movement between employers, exemption from expatriate and dependent expenses, visa-free exit…

press release: Manara, the MENA region’s leading upskilling platform that accelerates careers for computer science and AI talent in the region, announced the Cloud Catalyst Tech Forum 2026 in Riyadh, a two-day event from January 18-19 aimed at highlighting emerging technology talent in the Kingdom of Saudi Arabia. The forum brought together hiring partners from across Saudi Arabia to meet and interact with top engineers who graduated from Manara’s Saudi program, which was supported by AWS. A major highlight of the forum was a large-scale generative AI hackathon in which over 1,000 participants used the AWS cloud and AI infrastructure…

Yemen’s Socotra province on Friday received its first shipment of fuel products provided under Saudi subsidies through the Saudi Program for Development and Rehabilitation of Yemen (SPDRY). The grant will support power generation in several districts and will target power plants across Yemen’s governorates. The fuel subsidy is provided as part of the recently announced Saudi development and economic support package, which comprises 28 development projects and initiatives worth SAR 1.9 billion. The program has signed an agreement with Yemen’s Ministry of Energy and Power to purchase fuel products from Petromasila to supply more than 70 power plants in different…

Saudi Aramco, the world’s largest oil company, has brought to market a multi-tranche US dollar-denominated benchmark bond sale and announced price guidance for three-year, five-year, 10-year and 30-year bonds. The national oil company’s three-year tap IPT is in +100 bps territory on US Treasuries, with Morgan Stanley operating as the billing and distributing bank. HSBC will oversee the 5-year issuance with an IPT of +115bps, while JP Morgan will manage the 10-year tap with an IPT of T+125bps. A 30-year tap with IPT in the T+165bps area is provided by Citi. The issuer’s expected rating is “Aa3” by Moody’s and…

Dr. Mamta Murthy, World Bank Vice President for Human Resources, acknowledged that the Saudi-World Bank partnership is an effective model for turning evidence-based policies into tangible economic opportunities for businesses of all sizes, contributing to enhanced job creation and human capital development.In his speech at the Third International Labor Market Conference in the capital, Riyadh, the Prime Minister explained the urgent need to develop workforce systems to keep pace with the rapid transformation of the global economy, and emphasized the vital role of the private sector in leading this transformation and achieving inclusive and sustainable employment growth.sustainable investmentDr. Murthy explained…

The Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud chaired a meeting held by the Council of Ministers in Riyadh today (Tuesday).At the beginning of the session, the Crown Prince briefed the Council of Ministers on the content of his meetings with leaders and heads of government of a number of brotherly and friendly countries during his visit to the Kingdom of Saudi Arabia to participate in the Future Investment Initiative Conference.In this regard, the Board confirmed that high-level international participants will participate in the conference. It embodies the global recognition of the Kingdom, its achievements…

For the first time since its opening, Kempinski Residences & Suites in Doha has sold a select collection of luxury apartments on a freehold basis, offering a rare opportunity to discerning buyers seeking luxury homes and investment opportunities in Qatar’s capital. The residences will be sold through Qatar Sotheby’s International Realty, which has been appointed as the exclusive sales agent for these luxury residences.Strategically located in Doha’s most prominent commercial and residential district, West Bay, and known as the region’s tallest residential tower, Kempinski Residences & Suites Doha introduces a curated portfolio of fully renovated and fully equipped two- and…

WARSAW – Saudi Arabia’s Prince Faisal bin Farhan said on Monday that relations between Saudi Arabia and the United Arab Emirates remain essential to regional stability, while acknowledging that the two countries have “differences of opinion” on the issue of Yemen.At a joint press conference with his Polish counterpart in Warsaw, Prince Faisal emphasized Saudi Arabia’s commitment to strengthening ties with Poland and announced the signing of a memorandum of understanding to establish a joint coordination council between the two countries.He said that Saudi Arabia is looking forward to expanding its cooperation with Poland, especially in the economic field, noting…

Flat6Labs backs Juthor in $500,000 pre-seed round News • January 26, 2026 edit arabic Saudi Arabia-based e-commerce startup Juthor has raised $500,000 in a pre-seed funding round led by Flat6Labs with participation from a group of angel investors. Founded in 2025 by Lolwah Binsaedan and Irfan Khan, Juthor builds a cloud-based platform that simplifies the way retailers manage sales across multiple online marketplaces. Juthor focuses on real-time inventory sync and AI-powered customer data insights to help retailers reduce operational friction and make more informed decisions. The new capital will be used to build scalable infrastructure and accelerate product development for…