Saudi Arabia to explore uncharted waters in desalination sector

Saudi Arabia to explore uncharted waters in desalination sector

RIYADH: Saudi Arabia’s water desalination has doubled over the past decade to reach 2.2 billion cubic meters in 2021, up from 1.1 billion cubic meters annually in 2010, thanks to a major overhaul of some existing plants and the introduction of new technology. For example, Jubail 2, one of the kingdom’s largest desalination plants serving…

Monsha’at offers more than 200 training programs to Saudi entrepreneurs as kingdom bets on SMEs

Monsha’at offers more than 200 training programs to Saudi entrepreneurs as kingdom bets on SMEs

RIYADH: The General Authority for Small and Medium Enterprises, or Monsha’at, is offering training programs to entrepreneurs to increase the sector’s share of gross domestic product. Monsha’at established an online academy in 2020 to support budding entrepreneurs and business owners by improving their ability to enter markets, manage established businesses and explore opportunities to grow…

Market jump after Fed hike is ‘trap’, Morgan Stanley warns investors

Market jump after Fed hike is ‘trap’, Morgan Stanley warns investors

Morgan Stanley is urging investors not to put their money in stocks despite the market rally following the Fed’s decision. Mike Wilson, the company’s chief U.S. equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The…