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UAE, Egypt celebrate 50th anniversary of bilateral ties

DUBAI: The UAE and Egypt have kick-started celebrations marking the 50th anniversary of bilateral ties between the two countries, Emirates News Agency reported. “The UAE, today, is celebrating, in

‘This will be a breakthrough’: Saudia buys 100 electric planes to

Riyadh: Saudi Arabian Airlines has agreed to buy 100 innovative electric vertical take-off and landing planes as it seeks to connect Jeddah with the Kingdom’s leading tourist destinations, according

Saudi Arabia’s travel industry projected to reach $100bn by 2032

RIYADH: Saudi Arabia’s travel industry will witness significant growth and is projected to reach $100 billion by 2032, as the Kingdom continues to boost tourism investments, an aviation expert said.

Aramco announces $1.5bn global sustainability fund

RIYADH: Saudi Arabian Oil Co. will launch a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology, announced its CEO Amin Nasser. Managed by the oil

Saudi Arabia treats foreign and local investors equally, says

RIYADH: As Saudi Arabia is working on a strategy to attract SR260 billion ($69 billion) worth of investment to the non-oil sector, there can’t be any distinction between foreign investments and local

VCGL’s subsidiary secures initial licenses to operate in Saudi Arabia

RIYADH, KSA – Media OutReach – 26 October 2022 – The Capital Market Authority (CMA) of Saudi Arabia has granted initial licenses to Valuable Capital Financial Company (VCFC), a subsidiary of the top tier Hong Kong-based financial institution Valuable Capital Group Limited (VCGL). This makes VCFC the very first and only licensed corporation in the kingdom from Asia to conduct Dealing, Advising and Custody services. VCFC announced […]

AlUla combines heritage and creativity, RCU rep tells Culture Summit

ABU DHABI: “AlUla is an open living museum,” the executive director of Arts and Creative Industries at the Royal Commission for AlUla (RCU), Nora Al-Dabal, said at the Culture Summit Abu Dhabi on

Moukoko, 17, in Germany’s preliminary WCup squad

BERLIN: Borussia Dortmund’s 17-year-old forward Youssoufa Moukoko has reportedly been included in Germany’s preliminary squad for the World Cup. Union Berlin midfielder Rani Khedira, Borussia

Imaan Hammam pays tribute to Umm Kulthum

DUBAI: Dutch Moroccan Egyptian model Imaan Hammam is paying tribute to Egyptian icon Umm Kulthum by way of an eyewear collection with Moroccan label Port Tanger. The model created a pair of frames

Egypt fixes fuel prices until the end of 2022 following 3 hikes this

RIYADH: Egypt’s Petroleum Products Automatic Pricing Committee has announced that the price of fuel in the local market will remain unchanged, for the period from October to December 2022. The move

Saudi Arabia and India strengthen economic ties as energy minister

RIYADH: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman visited India on Saturday, and met top Indian officials as the Kingdom strengthens its energy ties with the second-largest Asian

Verstappen leads tributes to Red Bull founder Mateschitz

VIENNA: Formula One world champion Max Verstappen led the tributes on Sunday to Red Bull founder Dietrich Mateschitz, who turned the energy drink into a worldwide success and pumped money into a

Saudi Crown Prince unveils initiatives to position KSA as global

RIYADH: Saudi Arabia’s Crown Prince Mohamed bin Salman has unveiled the “Global Supply Chain Resilience Initiative” in an attempt to position the Kingdom as a global supply chain hub, Saudi Press

Valuable Capital Financial Company secures initial licenses from Saudi Arabia’s CMA

RIYADH, KSA – Media OutReach – 23 October 2022 – Valuable Capital Financial Company (VCFC), a subsidiary of the top tier Hong Kong-based financial institution Valuable Capital Group Limited, announced that it has received the initial licenses from the Capital Market Authority (CMA) to conduct Dealing, Advising and Custody services in Saudi Arabia, making it the very first and only licensed corporation in the kingdom from Asia. […]

FIFA slams unacceptable TV deal offers for Women’s World Cup

AUCKLAND, New Zealand: Broadcasters were criticized by FIFA president Gianni Infantino on Saturday for what he called unacceptably low offers for rights to screen the Women’s World Cup next year.

Kiwis upstage defending champion Australia in T20 World Cup

SYDNEY: Devon Conway and Finn Allen plundered 46 runs off the first three overs to set New Zealand on course for a thumping 89-run win over defending champion Australia on Saturday in the opening

Wonder and excitement as Riyadh Season kicks off

RIYADH: Fireworks, laser shows and live performances heralded Riyadh Season 2022 on a night of wonder and excitement. General Entertainment Authority Chairman Turki Al-Sheikh took to the stage to

2022 World Cup: Qatar’s Make Or Break Moment

Qatar Airways Group announces massive entertainment calendar for FIFA

DOHA: Qatar Airways Group has unveiled its major upcoming events and entertainment projects as the country prepares to host the world’s largest football event. Qatar Airways announced the development

UAE Embassy in Riyadh launches discussion on UAE-Saudi economic

RIYADH: The UAE Embassy in Riyadh launched a live discussion, “Prospects for Cooperation and Economic Integration between the UAE and the Kingdom of Saudi Arabia,” Emirates News Agency reported. The

Sri Lanka, Netherlands advance at World T20 after UAE’s win

GEELONG, Australia: Dusan Shanaka’s patched-up Sri Lanka lineup beat Netherlands to secure a spot in the Super 12 stage at the Twenty20 World Cup and the Dutch advanced despite the loss when United

Liz Truss resigns as UK Prime Minister

LONDON: Liz Truss said on Thursday she was resigning as British prime minister, brought down by her economic program that sent shockwaves through the markets and divided her Conservative Party just

NDMC announces dollar-denominated sukuk, bond issuance of $27bn

RIYADH: Saudi Arabia’s National Debt Management Center has received more than $27 billion in bids for its dollar-denominated sukuk and bonds issuance, as it announced the completion of receiving

Israel ‘will not’ supply weapons to Ukraine: defense minister

JERUSALEM: Israel will not send weapons to Ukraine, Defense Minister Benny Gantz said Wednesday, two days after Russia warned that an Israeli move to bolster Kyiv’s forces would severely damage