Saudi ‘Arheb’ Offers Smart Shared Transport Solutions, Preserves Saudi Environment

Arheb application for shared transportation (Photo: Abdullah Al-Falih)
Arheb application for shared transportation (Photo: Abdullah Al-Falih)
TT

Saudi ‘Arheb’ Offers Smart Shared Transport Solutions, Preserves Saudi Environment

Arheb application for shared transportation (Photo: Abdullah Al-Falih)
Arheb application for shared transportation (Photo: Abdullah Al-Falih)

Saudi Arabia’s “Arheb” transportation platform will connect drivers and passengers wishing to travel together between the country’s governorates and cities, in addition to neighboring Gulf and Arab countries.

Arheb ensures the lowest cost of transportation for users and provides weekly and monthly packages for employees and students at competitive prices.

Arheb is the first ridesharing application in Asia and Africa that offers an integrated carbon footprint calculator.

The application aligns with Crown Prince Mohammed bin Salman’s “Saudi Green” initiative, which works to increase Saudi Arabia’s dependence on clean energy, reduce carbon emissions and protect the environment.

“Arheb is a 100 % Saudi application launched from Makkah. It employs 1,800 captains, including 500 women,” said Salem bin Shamekh, general manager of the Arheb Information Technology Company.

“It is considered the giant of shared transportation within cities in Saudi Arabia, and also provides private economic and luxury trips outside the cities,” Shamekh told Asharq Al-Awsat.

“Our prices are very acceptable,” affirmed the general manager.

Arheb provides ridesharing with the lowest seat cost in intercity travel and the cheapest commission in ridesharing applications.

The application offers travels to the UAE, Bahrain, Qatar, Oman, and Jordan.

Prices for trips between Saudi cities start at SAR 19 ($5).

The starting fares for trips from Saudi Arabia to Gulf countries is SAR 19 ($5) as well.

From Riyadh to Doha it costs SAR 99 ($26.4). Prices from Tabuk to Amman, the capital of Jordan, start at SAR 89 ($23.7).

Shamekh revealed that Arheb will be participating in the upcoming Hajj season by providing a fleet of buses as well as shared cars between cities to serve the pilgrims, indicating that the reservation of seats will be through the application directly.



Gold Steady as Focus Shifts to US Data for Economic Cues

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)
TT

Gold Steady as Focus Shifts to US Data for Economic Cues

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold prices were little changed on Monday, while investors awaited a slew of US economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's stance on interest rates.
Spot gold held its ground at $2,635.39 per ounce by 0510 GMT. US gold futures dropped 0.2% to $2,646.80.
How the US jobs data fares this week could hold the key to whether gold breaks out of its recent range, said Tim Waterer, chief market analyst at KCM Trade.
"There is a plethora of US data due for release this week (including ISM Services PMI data), and any downside misses could hurt the USD and help gold."
The US jobs report, due on Friday, is expected to provide more clues to the Fed's rate outlook after the US central bank rattled markets last month by reducing its projected cuts for 2025.
Investors are also awaiting ADP hiring and job openings data, as well as minutes of the Fed's last policy meeting for further direction.
Gold flourishes in a low-interest-rate environment and serves as a hedge against geopolitical uncertainties and inflation.
US President-elect Donald Trump is set to return to office on Jan. 20 and his proposed tariffs and protectionist policies are expected to fuel inflation.
This could prompt the Fed to go slow on rate cuts, limiting gold's upside. After three rate cuts in 2024, the Fed has projected only two reductions for 2025 due to persistent inflation.
The US central bank's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve President Thomas Barkin said on Friday.
Spot silver was down 0.2% at $29.57 per ounce, platinum dipped 0.7% to $931.30 and palladium fell 0.4% to $918.22.