Fitch revises outlook on Oman to positive; affirms at ‘BB’
Fitch Ratings - Hong Kong - 11 Apr 2023: Fitch Ratings has revised the Outlook on Oman's Long-Term Foreign-Currency Issuer Default...
Business & Economy
Qatar launches first air cargo hub in Africa
Qatar Airways Cargo has launched its first cargo hub outside Qatar, in collaboration with Rwanda’s national airline RwandAir, in a...
World’s longest subsea cable 2Africa reaches Saudi Arabia in connectivity boost
RIYADH: Saudi Arabia is now connected to the world’s longest subsea cable after the 45,000-km fiber-optic 2Africa network landed in...
Saudi-US trade and investment volume hits $55bn, US Embassy in Riyadh reveals
RIYADH: Trade between the US and Saudi Arabia has rocketed by 122 percent since 2021, according to new figures released...
Middle East’s real-time transaction growth driven by Saudi Arabia, says new report
RIYADH: Saudi Arabia recorded 352 million real-time payment transactions in 2022 amid its push to modernize the country’s payments infrastructure...
Saudi Arabia offers 50 investment opportunities worth over $25bn in machinery, equipment sector
RIYADH: Saudi Arabia will offer 50 investment opportunities worth over $25 billion in the machinery and equipment sector as part...
Cargo handling at Qatar ports surges 114% in April
Qatar’s ports witnessed a huge rise in cargo handling in April 2023. The ports registered a whopping 632 percent surge...
Oman ranked 43rd on World Bank’s 2023 Logistics Performance Index
MUSCAT: The Sultanate of Oman has been ranked 43rd out of 139 economies around the globe in the World Bank's...
IMF expects Egypt to contribute 1.7% to global growth
RIYADH: The Egyptian economy is expected to contribute around 1.7 percent to the growth of the global economy over the...
MATAR adopts new cloud solution for enhanced airport operations: Qatar
MATAR, the Qatar Company for Airports Operation and Management’s Airport Operations Control Centre, Scheduling and Planning and Airfield Operations, implemented...
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