A special SR2 billion ($530 million) fund to help finance public and private sector involvement in Saudi tourism projects was launched in the Kingdom on Thursday.
The Saudi Tourism Development Fund, and Riyad Bank have linked up to establish the Tourism Partners program, the first initiative of its kind in the country allowing both sectors to participate according to specific performance indicators.
Aimed at developing quality tourism facilities and activities in the Kingdom, the program will have a financing value of up to SR2 billion to support the funding of tourism projects being implemented this year.
The new program is part of Saudi Arabia’s drive to strengthen partnerships between the government and private sectors through the Shareek initiative launched by Crown Prince Mohammed bin Salman.
Updated 30 April 2021
April 30, 2021 02:16
BRUSSELS: Eurozone economic sentiment surged in April as vaccination campaigns against the coronavirus gathered speed, with sharp gains across all sectors of the
economy that economists said marked the end of the pandemic-induced recession.
The European Commission’s monthly sentiment survey for the 19 countries sharing the euro on Thursday showed optimism rising to 110.3 points in April from 100.9 in March, beating consensus estimates in a Reuters poll of a 102.2 reading.
“The services sector now also in expansion mode. We can now declare the COVID-19 recession over. Inflation expectations also continue to increase,” ING bank economist Peter Vanden Houte wrote in a note to clients.
Oil prices expected to inch up this year despite impact of India s COVID-19 crisis on demand theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
CNOOC s smart natural gas project enabling collaborative fuel output By ZHENG XIN | China Daily | Updated: 2021-04-30 08:55 Share CLOSE An employee of CNOOC cleans LNG transmission facilities in Qingdao, Shandong province. [Photo by Yu Fangping/For China Daily]
China National Offshore Oil Corp, or CNOOC, said on Thursday that its smart natural gas project in the South China Sea will help make offshore oil and gas production in the country more digital and intelligent.
The smart natural gas project, or an intelligent production control center, uses technologies like the internet of things, big data and artificial intelligence. It can also conduct real-time monitoring, forecasts and diagnosis, remote control, integrated sharing, coordinate operations and assist decision-making, all of which will substantially improve the production efficiency of offshore oil and gas fields, the company said.