Clean energy experts warn Australian household EV infrastructure could cost as much as $10 billion

A shift to electric vehicles would put the same strain on Australia's struggling electricity grid as it does on homes and apartments, experts have warned. It comes as the House of Representatives continues its inquiry into the impact of the wholesale rollout of electric vehicles, or EVs, including infrastructure and costs to motorists. Interim director … Read more

Moussa Diaby joins Al-Ittihad from Aston Villa

RIYADH: Liverpool and Portugal footballer Diogo Jota, who attended the Esports World Cup in Riyadh on Sunday, described the world's biggest gaming festival as a “really amazing experience”. Jota, an avid gamer and investor in the multinational esports organization Galaxy Racer, watched all the action on Boulevard Riyadh City as the teams battled it out … Read more

Kuwait turns to deficit of 1.6 bln dinars in FY 2023/24, finance ministry says

Gulf Cooperation Council banks are aiming to diversify their business models and increase profitability by entering fast-growing markets such as Turkey, Egypt and India, a new report has revealed. Fitch Ratings noted that this growing interest was driven by favorable economic conditions and attractive growth opportunities in these countries. In particular, the appetite for expansion … Read more

Morocco fans rush field during Olympic soccer opener vs Argentina. Game suspended, goal disallowed

Nicolas Kuhn scored twice and Luis Palma netted the winner in the 68th minute to give Celtic a 4-3 victory over Manchester City in their pre-season friendly on Tuesday. Norwegian Erling Haaland, wearing the City captain's armband for the first time, nodded in a 57th-minute equalizer, only for Honduran international Palma to score the winning … Read more

Historic Jeddah to support securing local workforce with new agreement

RIYADH: The office market in Riyadh continued its strong performance in the second quarter of 2024, thanks to government investment incentives attracting international corporations to set up regional headquarters. According to the latest report on the Saudi commercial market by Savills, over 120 international companies relocated their regional headquarters to the Kingdom's capital in the … Read more

Diriyah Co. signs $2bn contract for Wadi Safar 

RIYADH: Diriyah Co. signed a $2 billion deal with Urbacon Saudi Co. and Al-Bawani Group to develop the Wadi Safar project, including the Royal Diriyah Equestrian and Polo Club and several luxury hotels. “Today is a very big day,” said Diriyah Co CEO. Group Jerry Inzerillo Arab News. “It is unusual for development companies around … Read more

Saudi finance minister heads Kingdom’s delegation to G20 ministerial meeting in Brazil

RIYADH: The office market in Riyadh continued its strong performance in the second quarter of 2024, thanks to government investment incentives attracting international corporations to set up regional headquarters. According to the latest report on the Saudi commercial market by Savills, over 120 international companies relocated their regional headquarters to the Kingdom's capital in the … Read more

MoU to drive job creation, training in Saudi hospitality 

RIYADH: A water supply and environmental sanitation project in Yemen by the Saudi humanitarian agency KSrelief continues to improve conditions for the people there. Approximately 1,033,550 liters of potable water and 10,849,000 liters of non-potable water were provided in Hajjah from June 19 to 25. The project team worked in the districts of Midi, Haradh, … Read more

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