Trump administration wavers on whether ‘Western Wall a part of Israel’

:: As President Donald Trump became the first sitting US president to visit the hallowed Western Wall on Monday, More »

Iran must not interfere in internal affairs of its neighbors: Najib Razak

:: US President Donald Trump’s visit to Saudi Arabia, and the Arab-Islamic-American Summit held Sunday, witnessed the emergence of More »

Saudi Arabia, US release joint statement on working agreements

:: Saudi Arabia and the United States have released a joint statement emphasizing the threat of Iranian interferences in More »

US, GCC Summit communique condemns Iran’s regional interferences

:: The United States and the Gulf Cooperation Council released a joint statement on the agreements reached during a More »

British police say 19 dead, 50 injured in Manchester ‘terrorist incident’

:: A blast on Monday night at a concert in the English city of Manchester where US singer Ariana More »

 

Category Archives: Economy

Maaden signs major agreements with US firms Alcoa, Mosaic

:: Saudi Arabian Mining Company Maaden has signed “landmark” memorandums of understanding (MoU) with the US-based companies Alcoa and Mosaic, according to a statement. The agreements, signed

US arms contractor Raytheon announces Saudi deal to launch Arab operation

:: US defense contractor Raytheon has announced partnership with Saudi military industries to create an Arabia business unit. Raytheon’s Arab operation will develop smart weapons and air

General Electric announces $15 billion of business deals with Saudi Arabia

:: American technology and engineering giant General Electtic (GE) announced on Saturday it had signed $15 billion of business deals with Saudi Arabia which will go a

Saudi Arabia’s new military company to localize 50 percent of military spending

:: Saudi Arabia’s Public Investment Fund (PIF) on Wednesday announced the launch of a state-owned military industrial company aimed at contributing more than 14 billion riyals ($3.7

Saudi minister unveils plans to set up 10 Smart Cities

:: Minister of Municipal and Rural Affairs Abdullatief Al-Asheikh on Tuesday unveiled plans to establish 10 smart cities in the Kingdom. “The ministry will create partnerships to

High measures to block ‘ransomware’ attack across Arab banks

:: Banks and financial institutions in the Arab countries have taken precautionary measures in order to anticipate the unprecedented electronic attacks that some banks have experienced directly

Dammam Airports Company hires first Saudi woman executive

:: Dammam Airports Company has hired its first Saudi woman as an executive director. Hind Al-Zahid became the first Saudi woman to work as an executive director

Tunisia economic growth picks up in first quarter

:: Tunisia’s embattled economy picked up in the first quarter of 2017, and there was a slight fall in unemployment, according to data published Monday by the

China pledges $124 bln for new Silk Road as champion of globalization

:: Chinese President Xi Jinping pledged $124 billion on Sunday for his new Silk Road plan to forge a path of peace, inclusiveness and free trade, and

Dubai’s Emaar Properties posts 15 pct jump in first-quarter profit

:: Dubai’s Emaar Properties, builder of the world’s tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts’ expectations.

China-led AIIB approves seven new members ahead of new Silk Road summit

:: The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China’s biggest diplomatic

IMF reaches staff level agreement for second loan installment to Egypt

:: The International Monetary Fund said on Friday it had reached a staff-level agreement with Egypt on a second loan installment that would make available about $1.25

Emirates airline profit falls for first time in 5 years

:: The Middle East’s largest airline, reported a drop in annual profit on Thursday for the first time in five years as it added more seats than

British exporters see few long-term gains from sterling windfall

Gordon Macrae

:: With 85 percent of its customers outside Britain, Sheffield-based Gripple should be cheering the plunge in sterling since last year’s vote to leave the European Union,

Egypt aims to raise wheat silo storage capacity in 2017/18

:: Egypt aims to raise its silo storage capacity for wheat to 3.13 million tons in 2017/18 from 1.528 in 2015/16, a statement from the planning ministry

Turkey aims to boost GCC ties amid free trade talks

:: Turkish President Recep Tayyip Erdogan on Monday said he aimed to boost economic and military ties with Arab Gulf states, as talks on a free trade

Euro rallies after Emmanuel Macron wins French election

:: The euro rallied to $1.1010 from $1.0998 in early forex trading in Asia on Monday after pro-European centrist Emmanuel Macron won the French presidency, scoring a

Washington and Moscow vie in race for lucrative Saudi arms market

:: Long-time US ally Saudi Arabia is pushing to diversify its source of arms suppliers and the Russians are more than happy to help, according to a

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