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: Commerce

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

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

London tries to lure Saudi Aramco with new listing structure

:: The London Stock Exchange is working on a new type of listing structure that would make it more attractive for oil giant Saudi Aramco to join

Saudi finance minister says likely to tap foreign, local bond markets again

:: The Saudi Arabian government is likely to tap the international and domestic bond markets again this year, depending on demand for its debt and the pricing

Dubai’s Aramex Q1 net profit down 5 pct

Dubai-based courier Aramex reported a 5 percent fall in first-quarter net profit on Sunday due to a rise in provisions related to the company’s incentive scheme. The

US to review trade pacts, looking at ‘abuses’

Wilbur Ross

President Donald Trump will sign a decree on Saturday ordering a review of “violations and abuses” of international trade pacts signed by the United States, including the

Egypt considering $1.5-2 billion Eurobond in coming weeks

Egypt is considering a $1.5-2 billion Eurobond offering in the coming weeks, finance minister Amr El Garhy said in a telephone interview with private television channel CBC

Saudi govt says making faster than expected progress in cutting costs

Saudi Arabia’s government is making faster than expected progress in cutting costs and that is the main reason for a stronger budget position so far this year

KONE Wins Order for 8 New Projects by Alargan Projects in Saudi Arabia

KONE Corporation, a global leader in the elevator and escalator industry, has won the order to supply 153 elevators in 8 different projects commissioned by Alargan Projects

US, global financial leaders skirt trade frictions, tout collaboration

Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about

Gold steady on N. Korea tensions, French election

Gold held steady on Tuesday after touching five-month highs the previous session, bolstered by the dollar softening versus the yen, North Korea tensions and the French presidential

Saudi Labor Ministry identifies car rental suggestions

The Ministry of Labor and Social Development held a workshop in Riyadh to hear suggestions from rental-car dealership owners in a step to coordinate efforts to nationalize

Saudi Arabia ready to invest $2bln in region’s cultural tourism sector

Saudi Arabia and Oman will lead the GCC’s multi-billion dollar investments in cultural tourism with a series of projects to develop new cultural attractions, according to a

Egypt imposes sugar export tariff of 3,000 pounds per tonne

Egypt will impose a sugar export tariff of 3,000 Egyptian pounds ($165.47) per tonne, the state’s official gazette said on Thursday. Egypt expects to produce about 2.4

The Saudi economy: ‘With great challenges come great opportunities’

Julien Hawari

Few would dispute that Saudi Arabia’s economy has witnessed some tough times. But as this week’s Top CEO Conference will hear, there are some golden opportunities amid

China clearing houses partners with Canada’s TMX in bond market push

In Beijing’s latest push to attract foreign investment into the country’s $9 trillion bond market, China’s state-owned clearing house said on Saturday that it will work with

Dubai exchange may launch gold contract for retail investors

The Dubai Gold and Commodities Exchange (DGCX) said on Saturday it was considering whether to launch a new spot gold contract designed to be used by retail

Dubai’s Expo2020 unveils Al Wasl designs

Dubai’s Expo2020 unveiled designs of its Al Wasl plaza, a major design element within the exposition, on Monday on its official twitter account. Dubai said in January,

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