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  • China added more solar power last year than America has, period

    Citing data from Bloomberg and the Chinese Department of Energy, Semafor says that China built out infrastructure capable of generating nearly 217 gigawatts of power last year, to make for a total capacity of more than 609 gigawatts. America’s solar capacity pales in comparison at a mere 175 gigawatts. (For perspective, a gigawatt is enough energy to power about 100 million LED light bulbs.)

  • Saudi Arabia leads GCC IPO momentum in Q2 2024

    PwC Middle East’s latest IPO+ Watch highlights  a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.

  • UAE seeks solo trade agreements as intra-Gulf rivalry heats up

    The United Arab Emirates (UAE), the Arab world’s second-largest economy, is increasingly pursuing independent bilateral trade agreements, bypassing the Gulf Cooperation Council (GCC), the Saudi Arabia-led regional political and trade bloc.

  • New report demonstrates huge potential for digital label growth in Saudi Arabia

    As the MENA region’s graphic arts and packaging industries gear up for the first Gulf Print & Pack exhibition in Saudi Arabia next year, a new report demonstrates the astonishing growth potential of the Saudi digital printing market. The report, compiled by consultancy Astute Analytica, predicts that the Saudi digital print sector will generate revenues of US$ 766.58 million by 2032, up from US$ 351.33 million in 2023 - a CAGR of 9.24 percent during the forecast period 2024-2032.

  • Opinion poll: 66% see reckless driving by bike delivery boys

    At a time when delivery app bikes are spreading randomly on the roads, the Saudi Center for Opinion Polling (SCOP) revealed in its latest survey that 66 percent of the those participated in the survey witnessed reckless driving behavior on the part of delivery representatives. It was also found in the survey that 59 percent of the participants were upset with the way delivery representatives drive their bikes, Al Arabiya.net reported.

  • How this Saudi hospital redefined its global healthcare branding

    Saudi Arabia is making significant strides in artificial intelligence and state-of-the-art healthcare technology, earning recognition on regional and global platforms. This presents a compelling opportunity for Saudi healthcare communicators to embrace branding to extend their innovation and influence across the global industry.

  • China Energy Engineering signs $972 million solar deal with Saudi partners

    China Energy Engineering (601868.SS), opens new tab signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a Monday filing with the Shanghai Stock Exchange, marking the latest in a string of China-Saudi renewable energy deals. The 2 gigawatt (GW) photovoltaic plant will be built by a joint venture between a China Energy Engineering consortium and Saudi partners sovereign fund PIF, ACWA Power (2082.SE), opens new tab, and Saudi Aramco Power Company.

  • Saudi Arabia’s 2034 World Cup Bid: A Global Buzz!

    Saudi Arabia’s bid to host the FIFA World Cup 2034 is sparking unprecedented excitement and national pride. Social media is buzzing with hashtags like #Saudi2034bid and #GrowingTogether as the world watches closely. Under the leadership of His Highness Mohammed bin Salman, this bid is more than a sporting event—it’s a leap towards Vision 2030 and a chance to showcase Saudi Arabia’s rich culture. With Cristiano Ronaldo’s endorsement fueling the buzz, the global anticipation is palpable.

  • Saudi Arabia to continue bearing fees of expatriates working in industrial sector until end of 2025

    The Cabinet decision comes in the wake of the expiry of the five-year waiving of expatriate fee for industrial workers. During 2019, the Saudi government, under a drive for job creation, had imposed fees on expatriate workers to encourage hiring of Saudis. However, the government waived fees on expatriate workers employed in the industrial sector for five years effective from Oct. 1, 2019. That decision was taken as part of the short-term urgent solutions to stimulate industrial investments in order to achieve the goals of the Kingdom’s Vision 2030.

  • A trove of artifacts from Egypt’s last dynasty has been found in 63 tombs

    A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. The artifacts include gold pieces and jewelry dating to Egypt’s Late and Ptolemaic periods, and some items could be displayed at one of the country’s museums, said Neveine el-Arif, spokeswoman for the Ministry of Tourism and Antiquities.