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Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 
Business

May sees 19% increase in container volume at Saudi ports

RIYADH: The number of containers handled at Saudi ports surged 18.8 percent during May. The volume of standard containers handled across the Kingdom reached 709,944 as compared to 597,617 in the same month in the previous year, the Saudi Ports Authority said in a statement on Tuesday. The authority said outbound containers rose by more than 28 percent to 224,720 in May, from 175,320 in the prior-year period. The number of inbound containers also increased 36 percent to 236,360, compared to 173,820 containers during the same month in the previous year.
Business

Paris Event Showcases Gulf Business: The French Connection

PARIS: A landmark two-day business event showcasing opportunities for commercial partnerships between France and the Gulf states begins in Paris on Tuesday. Vision Golfe is a new platform promoting business cooperation in high-growth potential markets in both private and public sectors, such as trade, sports, culture, energy and the environment. Key economic players, government ministers, small business managers, start-ups and senior executives will have the opportunity to meet and exchange views.
sport

“Down Syndrome Football Team Featured in ‘Mighty Penguins’ Documentary”

For many, it is difficult to imagine living with Down syndrome, its challenges as well as its beauties, but “Mighty Penguins” is a film that achieves exactly that. It gives you a glimpse into such a world and what we find is one filled with passion, love and emotional intelligence, but also complicated by hardships and prejudice.
sport

Wydad’s Late Goal Spoils Al-Ahly’s CAF Champions League Celebration

CAIRO: Al-Ahly took a small step toward an 11th continental title with a 2-1 win over Wydad AC in the first leg of the African Champions League final on Sunday but were left wondering what might have been. The Egyptians were looking good with a deserved two-goal lead before the Moroccans hit with a late goal, which means that next week’s second leg is very finely poised.
Business

Saudi economy receives $8bn financing from National Development Fund in Q1

RIYADH: Saudi Arabia’s industrial sector and small and medium enterprises were among the key beneficiaries of the Kingdom’s National Development Fund which provided over SR30 billion ($8 billion) funding support in the first quarter of 2023.    The funding was allocated through a number of cooperation agreements and financing support for various economic sectors with an aim to achieve the social, economic and cultural goals envisioned in the Kingdom’s Vision 2030.  
Business

“Saudi Arabia’s SMEs Increase by 4.8% in Q1, Surpassing 1.2 Million”

RIYADH: Saudi Arabia is witnessing increased entrepreneurial activity as the total number of small and medium enterprises exceeded 1.2 million in the first quarter of 2023. According to a report released by the Small and Medium Enterprises General Authority, also known as Monsha’at, this figure reflects a 4.8 percent surge compared to the final quarter of 2022. The report further revealed that 88,858 new businesses were launched across the Kingdom in the first quarter of 2023.
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BUCHAREST: Romanian rescue teams on Saturday were scouring the Black Sea for three Syrian sailors who went missing when their cargo ship sank off the coast, the naval authority said. The Mohammed Z sank with 11 crew on board, 26 nautical miles off the Romanian town of Sfantu Gheorghe in the Danube delta in the Black Sea on Saturday morning, officials said in a statement. The ship sailing under the Tanzanian flag was carrying nine Syrian and two Egyptian nationals, it said.

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