Jeddah to lift the escalator industry through upcoming event

Saudi Arabia is set to host a significant event and conference on elevators and escalator technologies in Jeddah, with the country's elevator and escalator market predicted to grow substantially in the coming period due to its giga-projects estimated at over $1.34 trillion in progress.

arabnews.com

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9/3/2023

Kuwait appoints Fahd Al-Jarallah as finance minister - KUNA

Kuwait has appointed Fahd Al-Jarallah as the new finance minister, replacing Manaf Al Hajeri who resigned in July, while Saudi Arabia's Tadawul All Share Index closed 35.42 points lower on Sunday, and Saudi Arabia has exempted micro and small businesses with annual revenues below $2.7 million from auditor's requirements to support entrepreneurship in the country. In other news, Oman's refineries and petroleum industries reported a 13.5% growth in July, and Jeddah will host an event and conference on elevators and escalator technologies in September, contributing to the growth of the vertical transportation industry in Saudi Arabia. Additionally, Qatar's tourism sector continues to thrive, with a 91.4% year-on-year increase in visitors in July, and container shipments handled by Qatari ports saw a 19% surge in August.

9/4/2023

Italy eyes investments from PIF, other Gulf funds

Saudi Arabia's National Housing Co. has partnered with the Cityscape Global real estate exhibition to boost property activity in the Kingdom, showcasing key projects and providing access to investment opportunities and technical solutions.