Solar PV and wind additions are forecast to more than double by 2028 compared with 2022, continuously breaking records over the forecast period to reach almost 710 GW.
The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World Economic Outlook Report released on Tuesday.
Saudi Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), Mohammed Aljadaan, participated in Macro Week at the Peterson Institute for International Economics (PIIE), held on October 21, 2024 on the sidelines of the 2024 IMF and World Bank week.
The 2024 BRICS summit is in Kazan, Russia, from October 22 to 24, 2024. It is the 16th annual summit of the BRICS group of nations, which consists of Brazil, Russia, India, China, and South Africa.
New Murabba Development Co. has excavated more than 10 million cubic meters. The developer is planning to award contracts worth tens of billions of riyals in the coming year that will stock the building, entertainment venues, educational institutions, health care facilities and a 45,000 seat stadium
The first summit between the leaders of EU and Gulf Cooperation Council (GCC) takes place on 16 October 2024 in Brussels. The summit is co-chaired by Charles MICHEL, President of the European Council, and H.H. Sheikh Tamim bin Hamad AL THANI, Emir of Qatar, as the rotating President of the GCC.
During the opening session of the Global Logistics Forum 2024, Al-Falih highlighted the strategic significance of the Middle East, which serves as a pivotal link between East and West due to its prime geographical location.
This proposed sale will support the foreign policy and national security of the United States by helping to improve the security of a friendly country that continues to be an important force for political and economic progress in the Middle East.
