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Wildfires in Portugal, Spain contained

LISBON: Massive wildfires in Portugal and Spain were largely under control Thursday after forcing thousands from their homes and destroying large swathes of land.The fires in both countries followed

August 19

Region

Dubai office market records strong rental growth in 7 years: Report

DUBAI: Dubai’s office market has seen rental growth for the first time since 2016’s first quarter, according to CBRE’s UAE Real Estate Market Review Q2 2022 report. Looking at the office sector

August 18

Region

Climate change causes wonky bumblebee wings: scientists

LONDON: Warmer and wetter weather linked to climate change appears to stress out bumblebees and make their wings more asymmetrical, which could ultimately affect their future development, according

August 18

Region

Saudi Arabia to maintain gasoline price ceiling in medium-term,

RIYADH: The Saudi government will continue to implement a ceiling on gasoline prices in the medium-term, the Kingdom’s deputy minister for macro-fiscal policy at the Ministry of Finance told

August 18

Region

Judge: Lebanon can’t intervene in suit and can’t be sued

CONCORD, New Hampshire: A judge on Monday denied a family’s attempt to sue Lebanon on allegations that the country’s security agency kidnapped and tortured their family member before he died in the

August 17

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Blasts, fire hits military depot in Russian-annexed Crimea

KYIV, Ukraine: Massive explosions and fires hit a military depot in Russia-annexed Crimea on Tuesday, forcing the evacuation of more than 3,000 people, the second time in recent days that the Ukraine

August 17

Region

TASI settles flat amid uncertainty over oil prices, higher inflation:

RIYADH: Saudi Arabia’s benchmark index settled flat on Tuesday’s trading session, as investors scramble to assess the impact of declining energy prices and higher inflation on the index The Tadawul

August 16

Region

Lebanon bank siege gunman released

Bassam Al-Sheikh Hussein, the Lebanese man who was hailed a hero for taking hostages at gunpoint in a Beirut bank while demanding the release of his frozen funds to pay for his father’s medical

August 16

Region

Palestinian hunger striker to appeal to Israel’s high court

JERUSALEM: The lawyer for a Palestinian prisoner said Tuesday that his client will appeal his case to Israel’s Supreme Court as he continues what his family says is a 165-day hunger strike against

August 16

Region

Saudi low-cost carrier flynas records 120% growth in passengers amid

RIYADH: Saudi Arabia’s low-cost airline has recorded an accelerated growth of 120 percent in the number of passengers during the first half of 2022. The number of passengers has increased to around 4

August 15

Region

17 new housing schemes approved in Q2 for Madinah, says municipality

RIYADH: 17 new housing schemes were approved in Madinah during the second quarter of 2022, Saudi Press Agency reported on Sunday. The schemes cover a total area of 2,242,738 square meters and include

August 15

Region

TASI loses ground after Aramco’s share decline: Closing bell

RIYADH: The Tadawul All Share Index, Saudi Arabia’s main index, ended the first trading session of the week lower, following four consecutive gains led by a decline in Aramco. TASI slipped 0.13

August 14

Region

People from Rushdie attacker’s hometown in Lebanon condemn attack

BEIRUT: The father of Hadi Matar, the man who stabbed novelist Salman Rushdie in the US on Friday, is refusing to talk to anyone. Since hearing about his 24-year-old son’s crime, he has not received

August 14

Region

Ukraine in default according to Fitch and S&P

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

August 14

Region

Russian journalist who staged anti-war protest placed under house

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

August 13

Region

Drought officially declared in several parts of England

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

August 13

Region

Saudi tour guides shine at NEOM’s The Line exhibition

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

August 12

Region

US Stocks — Futures up as easing price pressures set Wall St. for

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

August 12

Region

Gold eyes fourth straight weekly gain on dollar weakness

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

August 12

Region

Saudi Arabia issues 90 industrial licenses in June

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

August 11

Region

Saudi SISCO posts 9% rise in quarterly revenue on port and water

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

August 11

Region

Dubai’s Crown Prince meets delivery rider after goodness act goes

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

August 11

Region

MBC Studios starts shooting Saudi Arabia’s ‘Rise of the Witches’ in

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

August 10

Region

Saudi government completes nationalization of Saudi Power Procurement

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

August 10

Region

MENA Project Tracker — Kuwait invites bids for $1.7bn water treatment

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

August 09

Region

Saudi stocks rise on rosy earnings results: Closing bell

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

August 09

Region

PIF’s Saudi Egyptian Investment Co. buys a 25% stake in MOPCO: Asharq

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

August 09

Region

Severing Hezbollah’s grip is Lebanon’s only salvation

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

August 08

Region

EU plan to cut gas use by 15% comes into effect

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

August 08

Region

Kylie Jenner sports part Arab label during London trip

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

August 08