Abu Dhabi / WAM Dr Khalid bin Saleh Al Sultan, President of the King Abdullah Atomic and Renewable Energy City, stated that there are plans to integrate the renewable energy network of Saudi Arabia, which aims to produce 60 gigawatts of renewable energy, including 40 gigawatts from solar energy and 20 from wind and other sources by 2030. In an …

RIYADH / WAM Aramex, the global provider of comprehensive logistics and transportation solutions, anno-unced the acquisition of the KSA-based firm, Saudi TAL for Comm- erce and Contract Company, for approximately $80 million. Bashar Obeid, CEO of Aramex, said, “Saudi Arabia is Aramex’s largest market in the Middle East and holds significant gro-wth potential for the business. Our acquisition of Saudi …

Bloomberg Many financial markets are already signalling that the US is more likely than not hurtling towards recession. But will they prove prescient or overly fretful? The prospect of a widespread yield inversion in the Treasury market, which has preceded US downturns for more than half a century, has generated the most alarm and is edging even closer to fruition. …