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JERUSALEM: Israeli President Isaac Herzog on Wednesday invited his Turkish counterpart President Tayyip Erdogan to visit the country as he received Ankara’s new ambassador in another token of the

RIYADH: Investments in Saudi startups grew by 72 percent to a record high of SR3.701 billion ($987 million) in 2022, according to a report. According to the “2022 Saudi Arabia Venture Capital

A Thousand Tales ballet, organised by SAMIT Event Group, made its world premiere at Dubai Opera on the 6th and 7th of January, where it was met with sold-out halls and raucous applause from an international audience that fell in love with its modern fairy tale charm. On the 6th and 7th of January 2023, the architectural marvel that is Dubai Opera played host to another kind […]

ANKARA: Russia and Ukraine have agreed on an exchange of 40 prisoners of war each, Russian Human Rights Commissioner Tatyana Moskalkova said on Wednesday after meeting her Ukrainian counterpart

DUBAI: Seven-time MotoGP world champion Valentino Rossi is to make his 24H Series debut at this weekend’s Hankook 24H Dubai race as Dubai Autodrome prepares to host the 18th edition of the

NEW YORK: Flights are being delayed at multiple locations across the United States after a computer outage at the Federal Aviation Administration. At around 6:30 Eastern, there were 760 delays

DUBAI: The US Navy seized over 2,100 assault rifles from a ship in the Gulf of Oman it believes came from Iran and were bound for Yemen’s Iranian-backed Houthi rebels, a Navy spokesman said Tuesday.
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PARIS: The last eight years were the warmest on record even with the cooling influence of a La Nina weather pattern since 2020, the European Union’s climate monitoring service said Tuesday. Average

BEIRUT: Lebanese designer Salim Azzam, loved by Jordan’s Queen Rania Al-Abdullah, started his brand to revive the skills of the artisans in Mount Lebanon and give them international exposure.

Investcorp, a leading global alternative investment firm, announced today that it is planning to invest up to $1 billion in the real estate market in the GCC over the next five years. This follows Investcorp’s first real estate acquisition in the Kingdom of Saudi Arabia. The investment is a brand new, state-of-the-art, 215,000 square feet temperature-controlled warehouse located in Dammam. This is the first of $100 million-worth […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 January 2023 – The time has arrived for international broker OctaFX’s annual retrospective of events impacting the world economy—compiled towards the year’s end. The year 2022 has been all-around eventful and fateful. Let’s give due diligence to the 10 most important events that affected the financial markets. The year 2022 has been dominated by two major issues: the extreme […]

CAIRO: Suez Canal maritime traffic was on Monday returning to normal after a cargo vessel that ran aground was refloated. Egyptian authorities running the vital waterway said one of its rescue teams

By Nantoo Banerjee It is rather depressing to note that the unemployment rate in the country reached 8.30 percent in December, the highest over the last 16 months. In urban areas, the unemployment rate exceeded 10 percent. The number of people looking for jobs last month increased to 40.48 percent, the largest in 2022, reported […]

The post Surging Imports Are Behind India’s Growing Unemployment first appeared on IPA Newspack.

RIYADH: Saudi Arabia’s economic growth in 2023 is expected to be fueled by the robust expansion of the non-oil sector and sustained oil activity, according to a report released by consultancy firm

RIYADH: The King Faisal Specialist Hospital and Research Centre’s pediatric cardiac surgery team performed consecutive heart transplants on two children within 24 hours in Riyadh. Before the

RIYADH: Saudi Arabia is set to overtake India as the fastest-growing major economy in 2023, driven by gains from energy prices. According to official data released by India’s Ministry of Statistics

PARIS: Kurdish groups from around France and Europe are marching in Paris on Saturday to show their anger over the unresolved killing of three Kurdish women activists in the French capital 10 years

WARSAW: Filled with sadness and hopes of a victorious 2023, hundreds of Ukrainian refugees celebrated their first Christmas since fleeing the Russian invasion at a contemporary theater in Warsaw. The

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei appointed on Saturday a new police chief, nearly four months into protests triggered by Mahsa Amini’s death. The Islamic republic has been gripped

By K Raveendran 2023 may well be a year of gold. This is because despite several negatives the yellow metal has outperformed everything else. And with the New Year expected to unravel all that traditionally has worked in favour of gold, this asset class appears to be non-stoppable right now. IMF has warned that a […]

The post Gold Appears To Be Non-Stoppable In Its March Towards A Historical High first appeared on IPA Newspack.

NEW YORK: US crude oil inventories rose more than expected last week, while fuel stockpiles fell, the Energy Information Administration said on Thursday. Crude inventories rose 1.7 million barrels in

WASHINGTON: The US Treasury Department said on Thursday it was taking joint action with Turkiye against a network it said played a key role in money management, transfer and distribution for Daesh

RIYADH: Saudi residents will be able to rent out rooms to tourists after a drastic change to the law which paves the way for Airbnb-style businesses. The new bylaw — which was approved by the

2022’s highest ranking restaurant company in the world MANILA, PHILIPPINES – Media OutReach – 6 January 2023 – The Jollibee Group, Asia’s fastest growing restaurant company, has been recognized by Forbes as one of the World’s Best Employers for a third consecutive year. This recognition affirms the brand of care that Jollibee commits to its employees across the globe, which continues to contribute to a rising perception […]

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