A Saudi doctor saw his fortune close in on $12 billion on Thursday as shares of his healthcare firm rebounded, returning him to the ranks of the Middle East’s wealthiest private individuals. Shares in Sulaiman Al Habib’s eponymous company have surged 30% since hitting a one-year low in October. That’s made Al Habib — who … Read more
Saudi Arabia‘s real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity. Oil activities decreased by 17.3% in the third quarter from a year earlier, the General Authority for Statistics data showed, pulling overall growth lower despite … Read more
A general view shows tents housing Muslims pilgrims in Mina, near Islam’s holy city of Mecca, on June 26, 2023 during the annual Hajj pilgrimage. | Photo Credit: AFP Palestinian pilgrim Abu Anas Abu Rahal was hoping to find cheaper lodgings for a week-long stay in Islam’s holiest sites in Saudi Arabia, as the minimum … Read more
Saudi Arabia said on Thursday it will launch a training program with the goal of sending its own astronauts, including a woman, into space next year. The kingdom is actively promoting science and technology as part of its wide-ranging Vision 2030 plan to overhaul its economy and reduce its dependency on oil. The plan, championed … Read more