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Saudi

King Salman receives phone call from Kuwait emir

LONDON: Saudi Arabia’s King Salman received a phone call from Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, emir of Kuwait, on Friday. During the phone call, Sheikh Nawaf congratulated the king on the

Crown Prince directed Khashoggi murder: US report

Saudi Arabia’s crown prince, Mohammed bin Salman, directed the operation that ended with the grisly murder of U.S.-based journalist Jamal Khashoggi, Los Angeles Times reported citing an unclassified U.S. intelligence report. The four-page report cited by the paper said the goal of the mission in 2018, which included seven members of the crown prince’s “elite personal protective detail,” was to capture or kill Khashoggi, a Saudi journalist […]

How a Wikipedia error took root in the world’s media: Ahmad Zaki

LONDON: Ahmad Zaki Yamani, the longest-serving Saudi petroleum minister who oversaw the implementation of the oil embargo of 1973, is considered among the towering figures of the global energy

Saudi Arabia working to enhance energy security – cabinet

RIYADH: Saudi Arabia is committed to supporting the stability of the oil markets and the sustainability of global supplies, the Kingdom’s cabinet said. The announcement was made during the cabinet’s

Saudi Capital Market Authority announces rules for property financial

The Saudi Capital Market Authority (CMA) on Monday announced that it will allow investment fund managers to use the fair value or revaluation model to measure property and investment property for the

INTERVIEW: Female Saudi driver feels right at home at Diriyah E-Prix

RIYADH: Ahead of the 2021 Diriyah E-Prix double-header on Friday, Arab News caught up with Reema Al-Juffali, one of Saudi Arabia’s rising stars in motorsports. Al-Juffali, 29, talked about Formula E,

Saudi cave guide unlocks doors to ‘hidden’ Kingdom

MAKKAH: Tareq Mohammed, a specialist in cave tourism from Madinah, is opening the door to a new world of geotourism in Saudi Arabia. Tourism guidance is Mohammed’s life, and the Kingdom’s caves and

Crown prince to patronize Saudi Cup ceremony on Saturday

LONDON: Saudi Arabia’s Crown Prince Mohammed bin Salman will patronize the Saudi Cup ceremony that will take place on Saturday evening at the King Abdul Aziz Racecourse in Janadriyah. The world’s

KSA venture capital investments grow 124% to $152m in 2 years

RIYADH: The Saudi Venture Capital Co. (SVC) has reported a 124 percent growth in its investments over the past two years. According to data from Magnitt, its venture capital investments rose to SR570

Food prices lift Saudi inflation to 5.7 percent in January,

RIYADH: he Consumer Price Index (CPI) in Saudi Arabia increased 5.7 percent in January 2021 compared to the same month last year 2020 and 3.5 percent compared to last December, according to data

Saudi Arabia to halt contracts with foreign companies that do not

RIYADH: Saudi Arabia will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom. The rule will include agencies, institutions and

Saudi-led Arab coalition intercepts Houthi drone targeting Abha

The Saudi-led Arab coalition forces intercepted a drone fired by the Houthi militia toward Saudi Arabia’s Abha International Airport on Saturday. The attacks came just days after the Houthis sparked

Tadawul to lift trading halt on Etihad Atheeb on Sunday

The Saudi Stock Exchange Co. (Tadawul) announced the lifting of suspension on trading the shares of Etihad Atheeb Telecommunication Co. (GO) from Sunday, Feb. 14, 2021. The decision came after the

Julius Baer sees new prospects in Saudi stocks

RIYADH: Saudi stocks rose for the fourth consecutive day on Tuesday as the index reached its highest level in three weeks with oil prices heading above $60 a barrel. “Investors looking for

Saudi, Spanish foreign ministers discuss joint cooperation

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan held a meeting with his Spanish counterpart Arancha Gonzalez Laya in the capital Riyadh on Tuesday. During the meeting, they discussed

Saudi economy contracted by 4.1% in 2020

The Saudi economy contracted by 4.1 percent in 2020, hit by the COVID-19 pandemic, lower crude prices and output cuts, according to data published by the General Authority for Statistics on

Saudi IPO market set for bumper year boosted by lockdown savings

DUBAI: Saudi Arabia’s stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a pile of

Emaar Malls records AED 3.5 billion 2020 revenue

Arabian Post Staff Emaar Malls recorded revenue of AED 3.508 billion (US$ 955 million) in 2020, the company announced. Overall net profit in 2020 amounted to AED 704 million (US$ 192 million). Commenting on the results of the full-year results of 2020, Mohamed Alabbar, Founder of Emaar Properties and Emaar Malls said: ““Emaar Malls has emerged from 2020 in a much stronger position, having faced some of […]

Online school sees 60% rise in Saudi student enrolments

JEDDAH: Online school platform iCademy Middle East has witnessed a 60 percent rise in the number of students using its services during the coronavirus disease (COVID-19) pandemic. Cody Claver, the

KSA partners with Roche to boost life sciences sector

RIYADH: The Saudi Investment Ministry and the local subsidiary of Swiss biotechnology giant Roche Group have signed an agreement to establish a new partnership that will see the two entities

Asia-Pacific Countries Dominate Agility Emerging Markets Logistic Index

China, India, Indonesia, Malaysia among leaders in global logistics ranking   SINGAPORE – Media OutReach – 10 February 2021 – Asia-Pacific nations lead all emerging market regions with China, India and Indonesia being the world’s top emerging markets in the 12th annual Agility Emerging Markets Logistics Index, a broad gauge of competitiveness based on logistics strength and business fundamentals. The Index ranks 50 countries by factors that make them attractive […]

Saudi Arabia cuts stopped oil plunging to $50 a barrel: report

RIYADH: Saudi Arabia’s voluntary oil cuts in opposition to the OPEC+ increase earlier this year prevented prices falling below $50 a barrel, a new report has said. The report, issued by the UK-based

Wigberto “Wiggy” Ramos eyeing Saudi Cup glory after 23 years of

DUBAI: Few jockeys competing at the second running of the Saudi Cup this month will have quite the back story of Wigberto “Wiggy” Ramos. From racing in the United States, the Panamanian moved to

SABIC named world’s 2nd most valuable brand the chemicals industry by

Saudi Basic Industries Corporation (SABIC) moved up one notch to become the world’s second most valuable brand in the chemicals industry in 2021, compared to the third most valuable brand last year,