Oil prices rose by 1 percent early on Monday, driven by expectations that recovering demand with summer travel and reopening economies will easily accommodate the gradual increase in OPEC+ production.
RIYADH: Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Launched in December 2020 to disrupt the region’s real estate investment market, Stake is based in the FinTech Hive in the Dubai International Financial Centre. It was established by co-founders Rami Tabbarra, a
RIYADH: Al-Hilal’s French forward Bafetimbi Gomis has been crowned the Saudi Pro League (SPL) top scorer for the 2020-21 season, replacing Al-Nassr’s Moroccan striker Abderrazak Hamdallah, who has claimed the honor for the past two seasons. Gomis’s 24 goals played a major part in Al-Hilal’s record-extending 17th league title, the 62nd trophy in the club’s history. Gomis
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A graffiti reading Missing Persons referring to people reported missing during protests against President Ivan Duque s government, is seen on a main street in Bogota, on May 21, 2021. (AFP)
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Residents carry goods on their backs while they cross a lava covered field in Buhene, north of Goma in Democratic Republic of Congo on May 25, 2021. (AFP)
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Syrians demonstrate against what they call the illegitimate elections, in the opposition held city of Idlib on May 26, 2021, as voting began across Syria for an election guaranteed to return President Bashar Assad for a fourth term in office. (AFP)
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A Buddhist monk lights candles to commemorate Visakha Bucha Day or Vesak Day, a celebration of the birth, enlightenment and death of the Lord Buddha held on the full moon of the third lunar month in the Buddhist calendar. (AFP)
RIYADH: Saudi Arabia is expected to be the biggest regional market for new project contract awards this year, worth some $35 billion, according to a new report.
KAMCO Invest said that the GCC project market showed a healthy recovery during the first quarter of 2021 with the value of projects awarded more than doubling, quarter on quarter to $26.3 billion.
This was mainly led by pending project awards from last year which were revived amid a strong regional vaccination effort.
The value of projects planned and under execution in the GCC has remained around the $1.7 trillion mark since 2017.
Saudi Arabia and the UAE accounted for more than 84 percent of the total market over the last two years.