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RIYADH: Gulf Cooperation Council banks will refrain from redeeming the hybrid capital instruments at the first call date for the next 12 to 24 months, owing to the increasing volatility, scarce

RIYADH: Qatar’s trade balance surplus has surged to hit 28.2 billion Qatari riyals ($7.75 billion) in December 2022, according to a report released by the country’s Planning and Statistics Authority.

RIYADH: From live gaming racing experiences, musical performances, food trucks, and face painting this year’s Formula E Allianz Fan Village pulled out all the stops to create memorable fun for its

RIYADH: Golf in the Kingdom is set to embark on the next phase of its growth with the appointment of Noah Alireza as new CEO of Golf Saudi, who succeeds Majed Al-Sorour. Alireza, a former member of

DUBAI: Argentine model Georgina Rodriguez celebrated her 29th birthday in Riyadh this week with her partner, Portuguese footballer Cristiano Ronaldo, and their children. The family was photographed

JEDDAH: The Art Residency Program Al-Balad concluded its 2022 edition with an art exhibition organized by the Ministry of Culture in Jeddah’s Tamer House, Al-Sharafiyah district, on Jan. 25. The

DUBAI: Saudi Crown Prince Mohammed bin Salman was spotted on Friday at a restaurant called Somewhere in AlUla, and fashion lovers on Twitter have once again gone wild over a vest that he wore. The
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LONDON: Russia on Thursday declared Meduza, its most prominent independent news website, an “undesirable organization,” banning the outlet’s operation on Russian territory under the threat of felony

For a “startup,” Formula E is not doing badly at all. Friday and Saturday will see the second and third rounds of Season 9 at the Diriyah E-Prix night-time double-header, and James Barclay, team

THE HAGUE: An investigation by the global chemical weapons watchdog established there are “reasonable grounds to believe” Syria’s air force dropped two cylinders containing chlorine gas on the city

DUBAI: French Algerian actress Lyna Khoudri has been nominated in the Best Supporting Actress category at the 48th Cesar Awards, France’s equivalent of the Oscars. Khoudri has been nominated for her

RIYADH: Saudi Arabia’s commercial real estate sector is witnessing an upturn as the Kingdom’s plan to diversify its economy continues to drive demand within the overall property market, according to

RIYADH: A new tourist resort is set for the Eastern Province of Saudi Arabia after the Tourism Development Fund signed a memorandum of understanding with two developers. The agreement will see 440

KYIV: Ukrainian forces have conducted an organized retreat from a town in the eastern region of the Donbas, an official said Wednesday, in what is a rare but modest battlefield triumph for the

LONDON: Netflix released on Wednesday the trailer for “The Exchange,” the new Kuwaiti series that focuses on the challenges faced by women in the male-dominated stock market of the 1980s. The drama

BEIRUT: The United States is rerouting $72 million of America’s assistance to Lebanon to help the country’s cash-strapped government boost wages of its soldiers and police officers, the US ambassador

Geneva: The UN agency for Palestinian refugees, UNRWA, appealed Tuesday for $1.6 billion for its work in 2023, as it struggles to overcome chronic budget shortfalls.

SHARJAH: The world’s best skateboarders have pledged to put on a “spectacular show” at the Street 2022 and Park 2022 World Championships at Aljada Skate Park in Sharjah, which act as qualifiers for

RIYADH: The global cost-of-living crisis poses the largest threat to businesses in the UAE in the coming two years, according to the World Economic Forum’s Global Risks Report 2023. Sustained high

LONDON: Ireland’s Deputy Prime Minister Micheal Martin has called on Iran to release an Irish citizen arrested during anti-regime protests last year. Bernard Phelan, 64, was detained on Oct. 3 for

TEHRAN: Iranian authorities have arrested three female journalists in the past two days, local media said Monday, amid months of protests triggered by the death in custody of Mahsa Amini. Iran has

RIYADH: Bilateral trade between the UAE and Israel more than doubled in 2022 after the countries signed a free trade agreement in May to reduce tariffs on the majority of goods. “Trade in goods

RIYADH: In a bid to boost its tourism sector, Algeria will issue visas on arrival to tourists heading to its south, a document from the country’s Interior Ministry showed. The move aims to revive its

CAIRO: Saudi dairy giant, Almarai, recorded a 12.5 percent increase in net profit to SR1.7 billion ($453 million) in 2022, compared to SR1.5 billion recorded the previous year, driven by bakery and
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