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RIYADH: The Saudi stock market rose on Wednesday, boosted by news that the gross domestic product of the Kingdom grew by 3.2 percent in 2021, while oil prices continued their decline. The possibility

RIYADH: Saudi logistics provider Bahri saw its profit slump by 87 percent in 2021 to SR192 million ($51 million), according to a bourse filing. MORE TO FOLLOW

DUBAI: Lebanese designer Rabih Kayrouz teamed up with renowned Paris-based swimwear and lingerie brand Eres for a holiday-inspired capsule collection just in time for the summer. The 10-piece

RIYADH: Malaa Technologies, a Saudi-based fintech startup, has raised SR6.4 million ($1.7 million) in a seed round. Contributors included capital investors Impact46, Khawarzmi Ventures, Venture Souq,

Since Russia’s invasion of Ukraine, Tehran suddenly feels liberated to embark on its own escalations targeted at the US, Iran’s opponents in Iraq, and perhaps Israel. No fewer than 12 ballistic

JEDDAH: Some of the most talented young Saudi musicians showcased their work at Hayy Jameel on Tuesday as part of a project to promote emerging artists in the Kingdom. The musical experience was a

BERLIN: The German government, working to reduce its dependence on Russian oil and gas, discussed energy supplies with Qatar this week, the federal chancellery’s state secretary said on Saturday. “We

Turkey and Armenia have pledged to pursue the normalization of ties in what the Turkish foreign minister Mevlut Cavusoglu described as a “productive and constructive” meeting on Saturday.After talks

RIYADH: Amazon on Saturday launched a program to create job opportunities for Saudi women in ecommerce logistics and delivery industries, said a press release. The company first launched the program

SOUTHAMPTON: Newcastle United head coach Eddie Howe hopes Chris Wood’s recent first goal for the club will be the first of many for the big New Zealander. Wood had gone eight games without a goal

VIENNA: The EU said Friday that the talks it is chairing on the revival of the 2015 Iran nuclear accord must be paused, days after fresh demands from Russia complicated negotiations.The EU’s foreign

RIYADH: Around 65,000 people have attended Saudi Arabia’s first-ever international defense expo with SR29.7 billion ($7.916 million) in deals signed during the four days, organizers said. “Our main

RIYADH: Saudfi Arabia debt office issued a new Saudi-Riyal Sukuk under with a total value around SR26.2 billion ($7 billion), it said in.a stataement.

PARIS: The next step in Russia’s invasion of Ukraine could lead to urban warfare, an immense challenge for even numerically superior armies with deadly consequences for civilians caught up in the

LVIV, Ukraine:Radioactive substances could be released from Ukraine’s Chernobyl nuclear power plant because it cannot cool spent nuclear fuel after its power connection was severed, Ukraine’s

CAIRO: Egypt’s President Abdel Fattah El-Sisi arrived in Riyadh on Tuesday afternoon on an official visit. He will discuss bilateral relations, as well as regional and international issues of common

RIYADH: UAE and Saudi operating logistics startup AHOY has raised $20 million in financing from undisclosed investors. AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and

RIYADH: Whitepay, a fundraising platform that seeks to assist Ukrainian civilians and the country’s military forces, said it had raised $2 million of the stablecoin Tether, known as USDT. Some of the

DUBAI: Abu Dhabi Investment Authority, or ADIA, one of the world’s largest sovereign wealth funds, has cut dozens of jobs over the past year as part of a one billion dirham ($272.29 million) cost

RIYADH: Saudi Arabia’s Riyad Bank has seen its annual profit soar by 28 percent to SR6.03 billion ($1.6 billion) in 2021 on the back of lower expenses according to a filing.

RIYADH: Citadel, a US hedge fund and asset management company, plans to start making markets in crypto in the coming months, the Chief Executive Officer and founder, Ken Griffin, said, in an

A bilateral agreement which could be worth over $1 billion has been signed by business leaders from the Saudi Arabian city of Makkah and Jordan’s Amman. A memorandum of understanding was agreed

ROME: Italy has pledged to help Lebanon protect its cultural heritage by training local restorers. “Italy is organizing a series of initiatives in Lebanon to encourage exchanges between Lebanese and

RIYADH: The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody’s