Browsing: Arabia

Oct 19 (Reuters) – Saudi Arabia has decided to postpone its flagship investment conference until next year, organizers confirmed in ‌a statement on Monday, following deadly attacks which rocked the kingdom in recent weeks as ‌the Middle East conflict widens, disrupting business.

Yemen’s Houthis have increased attacks on Saudi Arabia in recent weeks, leaving employers and employees in the region potentially vulnerable.

Oil prices rose Monday as Yemen’s Iran-backed Houthi movement launched additional strikes on Saudi Arabia, adding to worries about tight global supplies heading into the northern hemisphere winter.

The Saudi Cabinet approved theEntrepreneurshipand Small and Medium-Sized Enterprises Strategy, in a move aimed at supporting the sector as part of the national economy. The decision was made during the Cabinet’s meeting held today in Jeddah, chaired by Crown Prince and Prime Minister Mohammed bin Salman.

Saudi Arabia accounted for approximately 93 percent of e-commerce investments in the Gulf Cooperation Council (GCC) countries by 2025, up from 46 percent in 2021. This reflects the Kingdom’s growing role in the digital economy and its consolidation as a regional e-commerce hub

Gaw Capital has opened an office in Saudi Arabia and appointed Khalid AlBihlal as Managing Director of Private Equity for the country as the alternative investment firm expands its presence across the Gulf Cooperation Council.