Terrorism scourge of this era, says King Salman

:: Terrorism is the “scourge of this era,” King Salman said on Saturday, adding that Saudi Arabia was making More »

Yemen launches investigation into human rights abuses in liberated areas

:: Yemeni Prime Minister Ahmed bin Dajar issued a decision to form a joint committee to investigate allegations regarding More »

Nasrallah says ‘hundreds of thousands’ ready to go to war against Israel

:: Hassan Nasrallah, Secretary General of Lebanon’s Hezbollah, warned Israel on Friday that thousands of fighters from different countries More »

Saudi Crown Prince to Al-Azhar Sheikh: Muslims count on their institutes

:: Saudi Crown Prince Mohammed bin Salman told Al-Azhar’s Sheikh Ahmed Al-Tayeb that Muslims count on Islamic institutes in More »

Saudi Arabia announces Eid will begin on Sunday

:: Sunday, June 25, is the first day of Eid Al-Fitr in Saudi Arabia after reported sightings of the More »


Category Archives: Economy

Amazon shares rise above $1,000 for the first time

:: Shares of Amazon surged above $1,000 for the first time Tuesday, marking another milestone in the rise of the American online retail giant. Near 14:10 GMT,

Saudi Aramco signs deal with foreign, local firms to build huge shipyard

:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of

Britain’s Heathrow says BA still experiencing some disruptions

:: London’s Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure

India needs more jobs for women to boost growth: World Bank

:: India must reverse a trend of falling women’s participation in the job market if it is to achieve its ambition of double-digit growth, the World Bank

G7 leaders divided on climate change, closer on trade issues

:: Under pressure from Group of Seven allies, US President Donald Trump backed a pledge to fight protectionism on Saturday, but refused to endorse a global climate

Swiss return funds from Ben Ali relative to Tunisia

:: Switzerland returned around 3.5 million euros ($3.91 million) held by a close relative of former Tunisian president Ben Ali to Tunisian authorities as part of the

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

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