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In "BUSINESS"
April 17, 2025
Gold hits new record over US-China trade war fears
HONG KONG — China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect.Growth in its gross domestic product (GDP) hit 5.4% in the first quarter, the National Bureau of Statistics (NBS) said on Wednesday. That was considerably higher than the expectations of more than 50 economists surveyed by Reuters, who had predicted expansion of 5.1%, and continues a recent run of surprisingly strong export-driven growth seen at the end of 2024.“The national economy had a steady and good start, continuing the upward trend,” Sheng Laiyun, deputy director of the NBS, told a news conference. “However, we must also see that the current external environment is becoming more complex and severe, and...
April 16, 2025
China posts unexpectedly strong economic growth before tariffs bite
April 15, 2025
Nissan Formula E Team secures pole position and double points finish in Miami
April 14, 2025
Okaz explores Jeju Island’s green hydrogen model amid growing Saudi-Korean energy cooperation
Saudi Arabia is undergoing a transformation unlike any other, redefining its role on the global stage. The Kingdom is emerging as a major sports hub, investing in artificial intelligence to become a leader in the field, and boldly reimagining urban living and luxury travel with Neom. Yet, as it accelerates into the future, it remains crucial to ensure that its proud cultural heritage remains at the heart of its modernization.“Perhaps no area is more important for this than in its infrastructure and iconic projects. Would Paris be the same without the Eiffel Tower? Or Dubai without the Burj Al Arab?” said Michael Quinn, Operations Manager, ALEC Facades, the region’s leading façade specialist. Indeed, these projects, now synonymous with their host cities, capture the imagination not...
April 13, 2025
Saudi Arabia’s architectural renaissance: Bold, iconic, and deeply rooted in culture
WASHINGTON — Americans are rarely this pessimistic about the economy.Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession.President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months. That malaise worsened leading up to Trump’s announcement last week of sweeping tariffs, according to the survey.“This decline was, like the last month’s, pervasive and unanimous across age, income, education, geographic region and political affiliation,” Joanne Hsu, the survey’s director,...
April 11, 2025
US consumer sentiment plummets to second-lowest level on records
April 09, 2025
Hotel and Hospitality Expo expects 6,000 buyers at Saudi Arabia’s largest industry gathering
April 09, 2025
Hotel and Hospitality Expo Saudi Arabia opens with experts predicting Kingdom to reimagine tourism
April 07, 2025
Dar wa Emaar hosts annual Eid Al Fitr community celebration with residents at Saraya Al Narjis in Riyadh
April 04, 2025
Stocks plunge as Trump’s tariffs spark global trade war