عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Monsha’at Showcases Saudi Arabia’s Entrepreneurship Journey at Expo 2025 Osaka

People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)
People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)
TT
TT

Monsha’at Showcases Saudi Arabia’s Entrepreneurship Journey at Expo 2025 Osaka

People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)
People attend a workshop within the Saudi Pavilion at Expo 2025 Osaka. (SPA)

Saudi Arabia underscored its growing international presence as a hub for entrepreneurship through an interactive workshop held at its pavilion during Expo 2025 Osaka in Japan. The event aimed to highlight the Kingdom’s experience in supporting small and medium-sized enterprises (SMEs) and to foster opportunities for international collaboration in this vital sector.

The workshop, organized by the General Authority for Small and Medium Enterprises (Monsha’at), brought together around 30 participants from various countries. Monsha’at presented its integrated ecosystem designed to empower the Kingdom’s entrepreneurial landscape by simplifying business processes, boosting access to financing, promoting a culture of entrepreneurship, and encouraging innovation and the adoption of modern technologies.

Key initiatives were showcased, including the Biban Forum, an international platform that connects entrepreneurs with investors, highlights Saudi success stories, and offers opportunities for professional development. This initiative plays a significant role in positioning Saudi Arabia as a global hub for entrepreneurship.

Monsha’at also shared the Kingdom’s experience hosting the Entrepreneurship World Cup, one of the largest global competitions in its field. The event has attracted more than 420,000 participants from 191 countries, with 500 startups advancing to the final stage.

Over $5 million in cash prizes have been awarded, in addition to tailored training and development programs.

The workshop is part of Monsha’at’s broader participation in Expo 2025 Osaka, with the goal of promoting the Kingdom’s entrepreneurial ecosystem, showcasing its strategic initiatives, and expanding international cooperation, all aligned with the objectives of Vision 2030.

The Saudi Pavilion at Expo Osaka offers a multi-sensory experience centered on the Kingdom’s transformative journey under Vision 2030. It highlights Saudi Arabia’s commitment to enhancing quality of life through innovation and technological progress.

The pavilion also features immersive experiences that reflect the richness of Saudi cities, villages, and cultural heritage. Constructed using lightweight Saudi stone, the structure was designed by renowned architects from Foster + Partners to represent the Kingdom’s vision of building sustainable, empowered communities.

Most Viewed

 
 
Business

Quality of Life Program Center Unveils Historic Progress in Saudi Urban Living 

The report provides a comprehensive, data-driven analysis of the Kingdom’s transformation. (SPA)
The report provides a comprehensive, data-driven analysis of the Kingdom’s transformation. (SPA)
TT
TT

Quality of Life Program Center Unveils Historic Progress in Saudi Urban Living 

The report provides a comprehensive, data-driven analysis of the Kingdom’s transformation. (SPA)
The report provides a comprehensive, data-driven analysis of the Kingdom’s transformation. (SPA)

The Quality of Life Program Center released on Wednesday its latest report, "Cities of Possibility: The Evolution of Quality of Life in Saudi Arabia," drawing on extensive surveys of citizens, residents, and visitors, to provide a comprehensive look at the Kingdom’s progress in creating thriving, human-centric urban environments under Saudi Vision 2030.

Focusing on five major cities - Riyadh, Jeddah, Al-Khobar, Madinah, and Abha - the report introduces a pioneering assessment framework. This model evaluates urban success through four interconnected pillars: Prosperity and Opportunity, Personal and Social Growth, Lifestyle and Recreation, and Sustainable and Safe Foundations.

The report provides a comprehensive, data-driven analysis of the Kingdom’s transformation, showcasing key milestones that have surpassed many of the original Vision 2030 benchmarks. Economically, the Kingdom has seen a dramatic improvement in the labor market, with the unemployment rate nearly halving from 12.3% in 2016 to just 6.8% by the first quarter of 2025. This progress is bolstered by a historic surge in women’s economic empowerment; female workforce participation reached 36.4% in Q1 2025, exceeding the 30% target set for 2030.

Beyond the labor market, the Kingdom is rapidly solidifying its position as a global leader in investment and infrastructure. A 67% year-on-year increase in investment licenses helped propel Saudi Arabia to 13th globally in the 2025 Kearney FDI Confidence Index.

These economic gains are mirrored by substantial improvements in human development; life expectancy has risen from 74 to 79 years, while rapid digital transformation has placed the Kingdom second among G20 nations in the ITU’s 2024 ICT Regulatory Tracker Index.

With a trillion-dollar national investment in the tourism and entertainment sectors, the Kingdom has dramatically expanded access to world-class culture, sports, and leisure. Successful hosting of the Formula 1 Saudi Arabian Grand Prix, the Esports World Cup, and the Dakar Rally has solidified the Kingdom’s reputation as a global destination, paving the way for upcoming mega-events, including Expo 2030 Riyadh and the 2034 FIFA World Cup.

Quality of Life Program Center CEO Khalid AlBaker stressed the strategic importance of these developments, stating that quality of life is a strategic national priority and the engine for strengthening social cohesion, attracting global talent, and ensuring sustainable prosperity.

The tangible progress achieved is a direct result of the leadership’s commitment to placing human beings at the center of development, he added.

Business

TotalEnergies Sells 50% of Greek Renewables Portfolio for 254 Million Euros

FILE PHOTO: The logo of French oil and gas company TotalEnergies is pictured at a petrol station in Treillieres, near Nantes, France, June 8, 2021. REUTERS/Stephane Mahe/File Photo
FILE PHOTO: The logo of French oil and gas company TotalEnergies is pictured at a petrol station in Treillieres, near Nantes, France, June 8, 2021. REUTERS/Stephane Mahe/File Photo
TT
TT

TotalEnergies Sells 50% of Greek Renewables Portfolio for 254 Million Euros

FILE PHOTO: The logo of French oil and gas company TotalEnergies is pictured at a petrol station in Treillieres, near Nantes, France, June 8, 2021. REUTERS/Stephane Mahe/File Photo
FILE PHOTO: The logo of French oil and gas company TotalEnergies is pictured at a petrol station in Treillieres, near Nantes, France, June 8, 2021. REUTERS/Stephane Mahe/File Photo

French oil major TotalEnergies has agreed to sell 50% of a 424-megawatt portfolio of wind and solar assets in Greece to Spanish investment firm Asterion Industrial Partners for 254 million euros ($297.36 million), it said on Wednesday.

The deal values the portfolio at 508 million euros, or approximately 1.2 million euros per megawatt installed, Reuters quoted it as saying.

TotalEnergies owns 32 gigawatts of gross installed renewable capacity worldwide, far ahead of other oil majors - but it is heavily reliant on the practice of selling down minority stakes in already-built wind and solar farms to boost returns from the assets, which earn fixed government-set tariffs for the power they produce in many markets.

The French company will continue to operate the Greek assets and retain its 50% stake. It plans to market and sell most of the electricity once regulated tariffs expire, according to the statement.

Total faces pressure from investors to accelerate divestments and lower its debt levels this year, after a string of acquisitions caused its debt-to-equity ratio to more than double in the first half of 2025.

Business

Silver Tops $65 for 1st Time, Gold Firms as US Unemployment Rate Climbs

FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
TT
TT

Silver Tops $65 for 1st Time, Gold Firms as US Unemployment Rate Climbs

FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
FILE PHOTO: UK gold bullion bars and coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo

Silver jumped past the $65-per-ounce mark for the first time on Wednesday, while gold climbed higher after US jobs data showed a softening labor market, rekindling expectations of further rate cuts next year and boosting demand for precious metals.

Spot silver was up 3.9% at $66.28 an ounce after rising to an all-time high of $66.52 earlier in the session. Spot gold prices rose 0.8% to $4,337.85 an ounce by 0552 GMT.

US gold futures gained 0.8% to $4,368.60.

"There is a major short squeeze (speculative trade) happening in silver... and we are not seeing the supply side responding the way it should have after the US added silver to the critical minerals list," said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai.

"Every country planning to enter the data center-AI space will need more of silver," Shah said, noting that current trends could push silver towards $70 in the near term.

The rally followed US data showing the unemployment rate rose to 4.6% in November, above a Reuters poll forecast of 4.4%.

The unemployment data has definitely helped precious metals and weakened the dollar, prompting investors to look for other asset classes offering higher returns as a hedge against risk, GoldSilver Central MD Brian Lan said.

Investors now await the US consumer price index data on Thursday and the personal consumption expenditures index, the Federal Reserve's preferred inflation gauge, on Friday.

Last week, the Fed delivered its third and final quarter-point rate cut for the year, while Chair Jerome Powell's accompanying comments were perceived as less hawkish than expected.

Traders still expect two cuts of 25 basis points each in 2026.

Non-yielding assets like bullion typically perform well in low-interest-rate environments.

Elsewhere, platinum was up 3.6% at $1,916.80, its highest in more than 17 years since July 2008, while palladium added 0.7% to $1,615.28, a two-month high.