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Mouwasat leads three-month Tadawul trading surge with 2,646% boost

RIYADH: A total of 83 listed companies on the Saudi Stock Exchange (Tadawul) were trading above their three-month average when the bourse closed for the week on Thursday, according to data compiled

May 29

Region

Jordan warns against unauthorized gatherings

DUBAI: Jordan’s minister of interior warned against unauthorized gatherings and demonstrations which threaten the national cohesion, state news agency Petra reported. “[In] recent days we have

May 29

Region

Egypt plans rethink on claim against Ever Given

DUBAI: Egypt is planning to recalculate the compensation it earlier demanded from the owner of the Ever Given container ship that blocked the Suez canal in March, according to Bloomberg. The Suez

May 29

Region

Al-Hilal’s Salem Al-Dawsari congratulates old friends at Villarreal

RIYADH: Salem Al-Dawsari, the Saudi Arabia and Al-Hilal winger, has sent a message of congratulations to former club Villarreal after the Spanish team on Wednesday claimed the Europa League trophy by beating Manchester United on penalties. Villarreal won the first trophy in their history after a 1-1 draw in normal and extra time produced a dramatic shootout which saw Manchester United goalkeeper David de Gea’s spot-kick miss hand the silverware to Unai Emery’s team. Al-Dawsari spent a loan period at Villarreal prior to the 2018 World Cup in Russia.

May 27

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Manchester City’s Phil Foden aiming to make fans proud as all eyes

LONDON: Manchester City star Phil Foden has been engaging with supporters in the Middle East as he prepares for the team’s highly anticipated Champions League final against Premier League rivals Chelsea, which takes place in Portugal on Saturday. Foden, now considered one of England’s best talents, discussed topics including switching focus from the Premier League title success, the historical importance of Saturday’s game, and the difficulties which come with trying to win the Champions League.

May 27

Region

Arab world among top gender diversity improvers, survey shows

TEXAS: Organizations in the Middle East and North Africa are among those to have made the most progress in gender distribution over the past five years, according to a survey by CEO community YPF.In the MENA region, 71 percent of companies have made progress in this area, second only to Latin America at 73 percent, and ahead of South Asia at 68 percent, YPF said in its first Global Chief Executive Gender Equality Survey of 2,079 CEOs from 106 countries.YPF’s sample included 23 percent female CEOs, which compares with a global figure of 5 percent, it said.The report showed that gender inequalit

May 27

Off the Cuff

Belarus points to Hamas bomb threat in plane diversion, group rejects

MOSCOW: Belarus said on Monday that a false bomb threat that prompted a passenger plane to be diverted to Minsk where authorities arrested a journalist on board, was written in the name of the

May 26

Off the Cuff

Lebanese parties reject the return to ‘militia behavior’ amid anger

BEIRUT: Lebanese political parties have reacted strongly to a Beirut demonstration on Sunday by the Syrian Social Nationalist Party (SSNP), with the speaker of the Lebanese parliament reiterating the

May 26

Region

Cruise Saudi to double team as it seeks to attract more operators

DUBAI: Cruise Saudi is set to double its team in the coming months as it prepares to attract more operators to the Kingdom. It comes as Saudi Arabia looks to develop a thriving cruise sector to showcase its top tourist attractions for the first time. It also follows the recent announcement that MSC Cruises will become the first operator to home port in Jeddah this year.

May 25

Region

Danish investment bank Saxo to launch crypto trading platform in

DUBAI: Danish trading and investment specialist Saxo Bank is launching a new cryptocurrency product, allowing clients from the Middle East and North Africa to trade crypto coins against some major currencies. The Crypto FX will allow investors to trade Bitcoin, Ethereum, and Litecoin against euros, dollars, and yen from a single margin account, the bank said in a statement. The bank’s clients can trade and hedge both long and short exposure in the three major crypto currencies, it said, and they will be in the form of derivatives and not physical coins.

May 25

Region

Saudi media group SRMG appoints chairman

RIYADH: The Saudi Research and Media Group (SRMG), the publisher of Arab News, said it appointed Abdulrahman Ibrahim Alrowaita as chairman and Majid Abdulrhman Alissa as vice-chairman. The company made the disclosure following its extraordinary general assembly meeting, in which board members were elected for a three-year term. Last week the media group reported a 41.4 percent increase in first quarter net profit.

May 25

Region

Qatar First Banks snaps up another US HQ building

DUBAI: Qatar First Bank (QFB) has acquired an office building in Ohio, its seventh US real estate purchase. The bank said it acquired the first phase of the CoverMyMeds campus headquarters in

May 24

Region

Lebanese artist creates Saudi Arabian flag in a show of solidarity

CAIRO: A Lebanese environmentalist artist has used hundreds of plastic bottles to create a mosaic of the green-and-white Saudi flag in a gesture of solidarity with the people of Saudi Arabia and

May 24

Region

Lebanese diva Myriam Fares is the subject of a new Netflix documentary

DUBAI: Streaming giant Netflix is set to launch a new documentary based on the life of Lebanese singer Myriam Fares. Entitled “Myriam Fares: The Journey,” the new 71-minute long documentary is

May 24

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Volcano in eastern Congo erupts, triggering panic in Goma

GOMA, Democratic Republic of Congo: Mount Nyiragongo in eastern Democratic Republic of Congo, one of the world’s most active volcanoes, erupted on Saturday, sending panicked residents of the nearby

May 24

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Egypt counters third virus wave with biggest vaccination center in

CAIRO: The Egyptian Ministry of Health is intensifying efforts to control the fierce third wave of the coronavirus disease (COVID-19) through the largest vaccination center in the Middle East. All of

May 24

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Tokyo Olympics to go ahead even if state of emergency, says IOC

TOKYO: The IOC vice president in charge of the postponed Tokyo Olympics said Friday the games would open in just over two months even if the city and other parts of Japan were under a state of

May 23

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Mickelson mounts late-round rally to grab PGA lead

KIAWAH ISLAND, US: Lefty is on top at the PGA Championship. Phil Mickelson used another late-round rally to climb up the leaderboard after he appeared to be fading in the second round at the Ocean

May 23

Region

Egypt to locally produce 2m doses of China’s Sinovac jab

CAIRO: Egypt received on Friday the first batch of components to locally produce 2 million doses of China’s Sinovac vaccine. According to the country’s health ministry, the delivery includes 1,400

May 22

Region

Lebanon foils plot to smuggle 4 tons of hashish

BEIRUT: Lebanon has foiled a plot to smuggle 4 tons of hashish from Sidon to the Egyptian port of Alexandria, a presidency statement said on Saturday. Lebanon’s leaders have called for a renewed push

May 22

Region

US singer Kelly Rowland champions Arab designer Jean-Louis Sabaji

DUBAI: US singer Kelly Rowland recently appeared on “The Late Late Show” hosted by James Corden, where she performed her most recent single and for the occasion donned a look from the Middle East.

May 22

Off the Cuff

Manila suspends departure of Filipino workers to Israel over Gaza

MANILA: The Philippines on Thursday announced it was temporarily suspending the deployment of workers to Israel due to the ongoing Gaza conflict. Israeli forces have continued to bomb Gaza with Prime

May 22

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Pakistan asks UN to deploy ‘protection force’ for Palestinians

ISLAMABAD: Pakistani Foreign Minister Shah Mahmood Qureshi on Thursday urged the United Nations General Assembly to deploy an international protection force to safeguard Palestinians against Israeli

May 22

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In devastated Gaza, fear of bombs outweighs coronavirus risk

GAZA CITY, Dubai: Like thousands of others in Gaza, Umm Jihad Ghabayin fled home with her children from Israeli bombardment without taking any essentials — let alone a facemask against the raging

May 21

Off the Cuff

Top US, Russia diplomats spar firmly but politely in Iceland

REYKJAVIK, Iceland: Top diplomats from the United States and Russia sparred politely in Iceland on Wednesday in their first face-to-face encounter, which came as ties between the nations have

May 21

Region

Spanish league ends with title finale, possible farewells

BARCELONA: Two of Spain’s most modest stadiums are set to offer scenes of joy and sorrow on Saturday. Atlético Madrid can ensure it clinches its first Spanish league title in seven years with a win

May 20

Region

WHO appeals for humanitarian pause to gain access to Gaza

CAIRO: World Health Organization officials called on Thursday for a humanitarian pause in Israel’s bombardment of Gaza to allow access for aid as the health system in the Palestinian enclave faces

May 20

Region

Dutch court orders Ghosn to repay nearly €5m euros in wages

THE HAGUE: Fugitive auto tycoon Carlos Ghosn must repay nearly five million euros in wages to Nissan-Mitsubishi, a Dutch court ruled Thursday as it threw out his own claim for damages. Ghosn was

May 20

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Dubai warns residents over ‘big cat’ on the loose

DUBAI: Dubai Police and Municipality officials were attempting to capture a “wild animal” on the loose since Tuesday morning. The creature, described by residents as a black big cat, has been

May 20

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CNN journalist manhandled by Israeli forces

RIYADH: Social media footage has shown CNN staff being surrounded and pushed by Israeli forces. The clip shows Ben Wedeman, a CNN senior correspondent, being encircled by Israeli soldiers near a

May 20