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RIYADH: Saudi Arabia’s Public Prosecution said its financial fraud unit has started an investigation into 11 suspects who were allegedly part of a criminal organization that sought to defraud

RIYADH: A suspected meteor streaking across the sky in Saudi Arabia was caught on camera. Clips of a light streaking across the sky were shared by social media users on Twitter in the early hours of

COLOMBO: Sri Lankan authorities and travel industry players are pinning hopes on arrivals from Saudi Arabia — a top travel spending market — as the island nation is grappling with the effects of on

RIYADH: The Saudi government will continue to implement a ceiling on gasoline prices in the medium-term, the Kingdom’s deputy minister for macro-fiscal policy at the Ministry of Finance told

By James M Dorsey   When Russia invaded Ukraine, it took itself off the map of Eurasian transport corridors linking China and Europe. At the same time, it breathed new life into moribund routes that would allow goods to travel across the Eurasian landmass without traversing Russia. It also opened the door to greater Russian […]

The post Heyday For Geopolitics Of Eurasian Transport first appeared on IPA Newspack.

RIYADH: Saudi Arabia’s benchmark index settled flat on Tuesday’s trading session, as investors scramble to assess the impact of declining energy prices and higher inflation on the index The Tadawul

Arabian Post Staff Intense competition and an increase in claims frequency will continue to weigh on Islamic insurers’ earnings in 2022, S&P said in a report on the outlook for the GCC Takaful industry. But it forecast a modest recovery in 2023 thanks to anticipated rate adjustments in loss-making lines and higher interest rates, which should boost investment returns. Ongoing pressure on earnings and capital has already […]

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Study further found 79% of consumers in Asia Pacific want digital identity system SINGAPORE – Media OutReach – 16 August 2022 – Callsign, the digital identity pioneer, has released a report quantifying for the first time the value of digital trust to society and the economy. The research reveals the potential to build growth during the current global economic slowdown with a five percentage point increase in […]

RIYADH: Saudi Arabia’s low-cost airline has recorded an accelerated growth of 120 percent in the number of passengers during the first half of 2022. The number of passengers has increased to around 4

RIYADH: 17 new housing schemes were approved in Madinah during the second quarter of 2022, Saudi Press Agency reported on Sunday. The schemes cover a total area of 2,242,738 square meters and include

RIYADH: The Tadawul All Share Index, Saudi Arabia’s main index, ended the first trading session of the week lower, following four consecutive gains led by a decline in Aramco. TASI slipped 0.13

  By K R Sudhaman   India takes over presidency of G-20 at a critical juncture when geo politics is at cross roads and global economy difficult and sagging. This is significant as it takes over leadership at a time when there is need to strengthen multilateralism and that India is ideally suited because of […]

The post India Takes Over G-20 Presidency On December 1 AT a Critical Time first appeared on IPA Newspack.

JEDDAH: An exhibition exploring Saudi Arabia’s ambitious The Line project is leaving visitors enthralled thanks to the work of specialist tour guides. The details of the NEOM project are on full

RIYADH: The Saudi Ministry of Industry and Mineral Resources issued 90 new industrial licenses in June, which were distributed over five industrial sectors. Industries associated with the

RIYADH: Saudi Industrial Services Co.’s second-quarter revenues jumped 9 percent from the first quarter of 2022, driven by strong performance in the ports and water sectors. Revenues for the second

DUBAI: Saudi Arabia’s MBC Studios announced this week that its production team has started shooting the Kingdom’s fantasy adventure “Rise of the Witches.” The team is filming in NEOM, the smart city

RIYADH: Saudi Arabia’s Ministries of Finance and Energy have fully nationalized the Saudi Power Procurement Co. after buying up shares in one of the firm’s subsidiaries. The ministries announced the

By Amulya Ganguli   It might not be churlish to say that the celebration of the 75th year of Indian independence is more an official event associated with the BJP than a national occasion.   The fact that the BJP was ousted from Bihar while facing an angry opponent in Telangana showed that the festivities […]

The post BJP And Sangh Parivar Had Never Any Faith In An Integrated Inclusive India first appeared on IPA Newspack.

RIYADH: Saudi stocks market started higher on Tuesday — and continued to rise until the end of the day as investors took comfort in corporate earnings reports. The Saudi benchmark index, TASI, rose

RIYADH: The Saudi Egyptian Investment Co., a newly launched investment firm of the Kingdom’s Public Investment Fund, has agreed to buy 25 percent shares of Misr Fertilizer Production Co., Asharq

HONG KONG SAR – Media OutReach – 8 August 2022 – TÜV Rheinland Hong Kong has been designated by the Directorate General for Specifications and Measurements (DGSM) of the Sultanate of Oman as the first Notified Body for the new Omani Conformity Scheme. Starting immediately, TÜV Rheinland can provide Omani Type Examination certificates to manufacturers and importers of regulated products. The DGSM, as a directorate under the […]

  By James M Dorsey   When US intelligence asserted that Iran was selling hundreds of combat drones to Russia, it was signalling more than Iranian support for Vladimir Putin’s invasion of Ukraine.   Suggesting that Russia was not capable of serial producing its own drones, the intelligence served to question further Russian military capabilities, […]

The post Drones And Transport Capable Of Reshaping Eurasian Geopolitics first appeared on IPA Newspack.

RIYADH: Saudi Arabia’s oil revenues soared 89 percent year-on-year, helping the Kingdom post a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022. Oil revenues reached

By Anjan Roy In the face of persistent inflationary pressures and tie in prices, the Reserve Bank of India has jacked up on Friday its basic policy rate —the repo rate— by 40 basis points to 5.4%. With this hike, the RBI policy rate now reaches what it was before the pandemic started. This is […]

The post RBI Should Insulate India From Global Fluctuations As It Did In 2008 first appeared on IPA Newspack.

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