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James M Dorsey A straightforward message emerged from this week’s meeting in the Negev desert of the foreign ministers of four Arab countries, Israel and the United States: Israel is key to the security of Gulf autocracies and continued US engagement in the Middle East. It may be a message that on the surface holds out the promise of reduced regional tension, the beginning of a rejiggering […]

HANOI, VIETNAM – Media OutReach – 24 March 2022 – As part of the sequence of activities for the second VinFuture Prize season, VinFuture Foundation has officially launched a series of six webinars in six different time zones around the world. This series of events aims to provide information directly to scientists across the globe and attract the most outstanding nominations to promote post-COVID-19 reconstruction and sustainable […]

RIYADH: Egypt’s total budget deficit will be below 5 percent in the first eight months of the 2021-22 fiscal year, deputy finance minister Ahmed Kouchouk told Asharq. The total deficit in the period

RIYADH: The Saudi stock market rose on Wednesday, boosted by news that the gross domestic product of the Kingdom grew by 3.2 percent in 2021, while oil prices continued their decline. The possibility

RIYADH: Saudi logistics provider Bahri saw its profit slump by 87 percent in 2021 to SR192 million ($51 million), according to a bourse filing. MORE TO FOLLOW

RIYADH: Malaa Technologies, a Saudi-based fintech startup, has raised SR6.4 million ($1.7 million) in a seed round. Contributors included capital investors Impact46, Khawarzmi Ventures, Venture Souq,

James M Dorsey Struggling to remain on the sidelines of the 21st century’s watershed war in Ukraine, Middle Eastern nations are discovering that they may be fighting their battles with an outdated toolkit. As a result, the Ukraine war could saw off the legs from under the table of Middle Eastern détente that already are built on shaky ground. For the past 18 months, Middle Eastern rivals – Saudi […]

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RIYADH: Amazon on Saturday launched a program to create job opportunities for Saudi women in ecommerce logistics and delivery industries, said a press release. The company first launched the program

RIYADH: Around 65,000 people have attended Saudi Arabia’s first-ever international defense expo with SR29.7 billion ($7.916 million) in deals signed during the four days, organizers said. “Our main

RIYADH: Saudfi Arabia debt office issued a new Saudi-Riyal Sukuk under with a total value around SR26.2 billion ($7 billion), it said in.a stataement.

CAIRO: Egypt’s President Abdel Fattah El-Sisi arrived in Riyadh on Tuesday afternoon on an official visit. He will discuss bilateral relations, as well as regional and international issues of common

RIYADH: UAE and Saudi operating logistics startup AHOY has raised $20 million in financing from undisclosed investors. AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and

RIYADH: Whitepay, a fundraising platform that seeks to assist Ukrainian civilians and the country’s military forces, said it had raised $2 million of the stablecoin Tether, known as USDT. Some of the

RIYADH: Saudi Arabia’s Riyad Bank has seen its annual profit soar by 28 percent to SR6.03 billion ($1.6 billion) in 2021 on the back of lower expenses according to a filing.

RIYADH: Citadel, a US hedge fund and asset management company, plans to start making markets in crypto in the coming months, the Chief Executive Officer and founder, Ken Griffin, said, in an

RIYADH: The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody’s

RIYADH: Norwegian aluminum and renewable energy company Norsk Hydro has announced that it will not sign any new contracts with Russian entities. In a statement, the company said the decision has been

RIYADH: Saudi Arabia supports de-escalation efforts in Ukraine, a statement by the Saudi Cabinet said Tuesday.

RIYADH: Italian luxury fashion house Giorgio Armani and Saudi Arabian retailer Al Rubaiyat Company for Industry and Trade Holding Ltd are to establish a joint venture to sell the former’s products,

RIYADH: Al-Shabab FC got back to winning ways after overcoming hosts Al-Feiha 2-1 at Al-Majmaa Sports City Stadium on Sunday, in the conclusion of the 22nd round of the Saudi Pro League season. The

RIYADH: Saudi Arabia announced three deaths from COVID-19 and 2,866 new infections on Thursday. Of the new cases, 956 were recorded in Riyadh, 189 in Jeddah, 158 in Dammam, and 116 in Hofuf. Several

RIYADH: UAE-based digital wallet provider Hubpay has raised $20 million in a Series A round. The funding will be used to hire new employees, and for the company’s planned international expansion in

RIYADH: Abu Dhabi Islamic Bank, or ADIB, could make revenues from raising interest rates of 450 million dirhams ($123 million) in 2023, the bank’s chief financial officer told CNBC Arabiya. Every

RIYADH: Saudi Arabia is targeting an oil production capacity of around 13.5 million barrels per day by 2027 as demand for crude and consumption will continue to grow, the Time magazine reported
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