Tokyo: The Regional Voluntary Carbon Market Company (VCM), established by the Public Investment Fund (PIF) and Saudi Tadawul Group, has announced a memorandum of understanding (MoU) with Marubeni Corporation, a major trading house and the first Japanese company, for collaboration on carbon markets. According to Saudi Press Agency, the milestone
Makkah: Syrian industries have made a notable appearance at the Arab and Global Expo, organized by the Makkah Chamber of Commerce. The exhibition, running until December 12, reflects a growing interest in strengthening trade partnerships and developing exchange between participating countries. According to Saudi Press Agency, the Syrian pavilion attracted
Riyadh: The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Electric Power Research Institute (EPRI) today signed a strategic amendment to their framework agreement to enhance the resilience of power grids and support their readiness for the evolving energy landscape. According to Saudi Press Agency, the new amendment expands cooperation
Riyadh: Nonprofit sector revenues for 2024 rose to SAR73.1 billion, marking a 22% increase compared with 2023. Expenditures grew to SAR60.8 billion, up 17%, while compensation of employees reached SAR28.9 billion, up 13% from 2023, according to the General Authority for Statistics (GASTAT). According to Saudi Press Agency, GASTAT data
Brussels: Minister of State for Foreign Affairs, Cabinet Member, and Climate Envoy Adel Al-Jubeir engaged in discussions with Member of the European Parliament Hannah Neumann during an official visit to the Kingdom of Belgium. According to Saudi Press Agency, the meeting focused on reviewing international developments and issues of mutual
Riyadh: Vice Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salma has reviewed the sector’s key targets and the major transformations achieved over the past few decades. He noted the expansion of the Kingdom’s industrial base from 500 factories between 1970 and 1980 to 2,000 by 2000,