LONDON: From the great lockdown, to the great rebound? At the start of this year the world was optimistic that the development of pioneering vaccines would restrict the global spread of the Covid-19. December 2020 marked the date when vaccinations for the virus first began to be administered around the world. Since then, the death … Read more
RIYADH: The Saudi capital is a global city, where a third of its residents are non-Saudis, and plans are afoot to transform Riyadh into one of the top-10 city economies of the world by 2030, Fahd Al-Rasheed said. The chief executive officer of the Royal Commission for Riyadh City highlighted the rapid transformation and ongoing … Read more
Saudi Arabia and Taiwan-based Foxconn Technology Group are looking to form an electric vehicles joint venture, in a move that could boost the kingdom’s effort to diversify its economy. The parties aim to sign the deal by the end of 2021, but plans are still subject to change, Bloomberg reported. The majority stakeholder of the joint venture … Read more
RIYADH: No Saudi banks were lost during the financial crisis of 2008/9 and the financial sector is again in a strong position as it faces the economic fallout from the Covid-19 pandemic, according to Saudi Central Bank Governor Fahad Almubarak. The central bank, also known as SAMA, has been and continues to be strict in … Read more
