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In "BUSINESS"
WASHINGTON — Americans are rarely this pessimistic about the economy.Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession.President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months. That malaise worsened leading up to Trump’s announcement last week of sweeping tariffs, according to the survey.“This decline was, like the last month’s, pervasive and unanimous across age, income, education, geographic region and political affiliation,” Joanne Hsu, the survey’s director,...
April 11, 2025
US consumer sentiment plummets to second-lowest level on records
April 09, 2025
Hotel and Hospitality Expo expects 6,000 buyers at Saudi Arabia’s largest industry gathering
April 09, 2025
Hotel and Hospitality Expo Saudi Arabia opens with experts predicting Kingdom to reimagine tourism
April 07, 2025
Dar wa Emaar hosts annual Eid Al Fitr community celebration with residents at Saraya Al Narjis in Riyadh
April 04, 2025
Stocks plunge as Trump’s tariffs spark global trade war
March 29, 2025
Reef Saudi bazaar celebrates rural heritage with traditional crafts and strong public turnout
March 27, 2025
OMODA&JAECOO Accelerate Global Expansion
LOT - The Value Shop has expanded its presence in Saudi Arabia with the grand opening of its First branch in the historic city of Hafar Al-Batin in the Eastern Province.As a special Eid gift to the residents of Hafar Al-Batin, the new store offers a wider selection of high-quality products at unbeatable prices, delivering a seamless and budget-friendly shopping experience.Following the success of other GCC countries, this expansion underscores the brand’s commitment to providing exceptional value, variety, and convenience.LOT - The Value Shop caters to every shopper’s needs with a thoughtfully curated range of products, including trendy fashion for men, women, and children, stylish footwear, elegant jewellery, and ladies’ handbags.Beyond apparel, the store also features an extensive...
March 27, 2025
LOT - The Value Shop makes its grand debut in Hafar Al-Batin
Following the opening of new stores in the holy cities of Makkah and Madinah, Lulu has opened its latest hypermarket in Al Rusayfah, located on Abdullah Areef St., Al Rusayfah District in Makkah. This strategic expansion aligns with Lulu's commitment to providing world-class shopping experiences to residents and visitors while supporting the Kingdom’s Vision 2030 initiative.Abdullah Hanif, Secretary General of the Makkah Chamber along with Fahd Abdulrahman Al-Mutaz, Mayor of Rusayfah, officially inaugurated the new store in the presence of Ashraf Ali M.A., Executive Director of Lulu Group, along with Shehim Mohammed, Director of Lulu KSA, and other distinguished dignitaries.The new Lulu store, which spans a total built-up area of around 200,000 square feet, is designed to offer a...
March 24, 2025
Lulu opens new hypermarket in Makkah, in its further expansion in Saudi Arabia
March 21, 2025
barq achieves new heights in financial services through a strategic collaboration with Western Union
