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RIYADH: Ukraine’s foreign currency rating was lowered to selective default, from CC, by global rating agency S&P, and to restricted default, from C, by Fitch Ratings, according to Bloomberg. This

LONDON: Russian journalist Marina Ovsyannikova, who staged a protest against the invasion of Ukraine on live TV in March, was placed under house arrest on Thursday after being charged with spreading

LONDON: The UK government on Friday officially declared a drought in several parts of England, following months of record low rainfall and unprecedented temperatures in recent weeks. At a meeting of

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

BENGALURU: US stock index futures rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on easing bets of another super-sized interest rate hike by the Federal

LONDON: Gold prices inched lower on Friday but were still on track for a weekly rise, as an overall weakness in the dollar offset pressure from an uptick in bond yields and expectations of further

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
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DUBAI: Dubai’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum has met with delivery rider who went viral on social media after removing two concrete blocks from the road. Abdul Ghafoor

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

CAIRO: Kuwait’s Public Works Ministry is inviting bids for the expansion of $1.7 billion North Kabd wastewater treatment plant. The deadline for the engineering, procurement and construction contract

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

Two years after Beirut’s port catastrophe — which was an apt metaphor for the wider state of Lebanon —the port’s huge grain silos continue to disintegrate and toxic fires feed upon their decomposing

BRUSSELS: An EU plan to cut gas consumption across the bloc by 15 percent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday. The EU regulation

DUBAI: From shopping sprees to date nights, US reality TV star and beauty mogul Kylie Jenner has been setting style trends this week in London with chic and sporty looks. As the Kylie Cosmetics

DUBAI: The Dubai-based Great Minds Events Management company has announced the launch of Meta Film Festival, which will be held Oct. 27-29 at Vox Cinema in Dubai’s Nakheel Mall. The festival is

US President Joe Biden will host Pacific island leaders at the White House in September, a senior American diplomat said Saturday, deepening a regional charm offensive to counter growing Chinese

RIYADH: The King Salman Humanitarian Aid and Relief Center (KSrelief) distributed 1,277 food packages and 6,000 cartons of dates to families in need in Pakistan and Yemen on Saturday. As part of the

MADRID: The pre-season friendly between Spanish side Atletico Madrid and Italian giants Juventus which was scheduled to take place in Israel this weekend has been canceled because of “security”

DUBAI: The commander of Iran’s elite Revolutionary Guards said on Saturday that Israel would pay a high price for its latest attacks on the Palestinians in Gaza, Iranian state TV reported.“The

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

KABUL: Hundreds of Afghans carried anti-American banners on Friday to protest against a US drone strike that Washington says killed Al-Qaeda leader Ayman Al-Zawahiri this month.The protests were
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