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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

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

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

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 […]

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

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

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 […]

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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

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

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,

JEDDAH: In a Twitter post on Thursday, the Ministry of Health-approved app Tawakkalna announced that all registered users will receive an SMS containing their name, ID number and health status as a

Saudi residents were on Wednesday urged to use a government app, launched to help prevent the spread of the coronavirus disease (COVID-19), in order to gain access to key public places. Authorities

By Manish Rai   When the Saudi crown prince, together with the UAE ruler, Mohammed bin Zayed, moved against Qatar in late 2017, the charge sheet against the tiny Gulf state was long. They, along with Bahrain and Egypt, accused their neighbour of backing Iran’s ambitions, and supporting Islamist groups, including the Muslim Brotherhood. The Arab neighbours of Doha thought that by imposing this blockade they can force […]

Here are a few things you need to know as Saudi stocks start trading on Tuesday. 1) National Commercial Bank (NCB) is planning to change the name of the merged entity after completing the planned

Here are a few things you need to know as Saudi stocks start trading on Monday. – Saudi Basic Industries Corp.’s (SABIC) net profit after Zakat and tax declined to SR 40 million ($10.66 million) for

Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]

DUBAI: National Geographic Abu Dhabi, in collaboration with Saudi dairy company Almarai, this week announced the shortlisted entries for the 2020 edition of its photography competition “Moments” —

Saudi Arabia is a good example of advanced digital infrastructure, noting that NEOM reflects the Kingdom’s ability to implement projects, Mohamed Alabbar, Founder, Emaar Properties, said during the

Share Tweet Share Share Email Six storey project started in February and ready well in advance of Expo 2020 Dubai opening in October, 2021 Construction work on Saudi Arabia’s 13,069sqm country pavilion at Expo 2020 Dubai has been completed, the country announced. The pavilion is said to be the second largest at the Expo site, with only the UAE pavilion being larger. Construction work on the pavilion […]

Here are a few things you need to know as Saudi stocks start trading on Tuesday.

JEDDAH: Saudi Arabia is the perfect location for the first night races in FIA Formula E history, according to Carlo Boutagy, the CEO of CBX, official promoter of the Diriyah E-Prix. It comes as

MANILA, PHILIPPINES – Media OutReach – 8 January 2021 – Jollibee Foods Corporation (JFC) recently received two global citations recognizing the company’s excellence as a world-class employer. These international awards affirm JFC’s commitment to be a best-in-class workplace that values and takes good care of its people.     A First for the Philippines. Jollibee Foods Corporation (JFC) is the only Filipino company to date that has been recognized […]

JEDDAH: The Ministry of Finance (MoF), represented by the National Debt Management Center (NDMC), on Wednesday announced the signing of a long-term financing agreement with the Korea Trade Insurance

By James M. Dorsey Silent about rising sectarian violence in Pakistan, Gulf states vying for religious soft power risk exposing the limitations of their concepts of an undefined ‘moderate’ Islam that is tolerant and endorses pluralism. Countries like Saudi Arabia, the United Arab Emirates and Qatar have so far turned a blind eye to mounting sectarian sentiment in Karachi and Punjab province against Shiites and Ahmadis, sects […]

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