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Region

Academy of Learning sets price guidance at $11 for Saudi Nomu listing

RIYADH: Academy of Learning Co. has published its registration document for a direct listing on Saudi Arabia’s parallel market Nomu at SR40 ($11) per share, the company’s financial advisor Aldukheil

May 31

Region

Bahrain-based GFH starts trading on Abu Dhabi Securities Exchange

RIYADH: Bahrain-based GFH Financial Group began trading its shares on the Abu Dhabi Securities Exchange on Tuesday as it looks to tap into the wider investor market in the region. “With our listing,

May 31

Region

Extremists convicted of membership in German Daesh cell

BERLIN: A court in Germany on Tuesday convicted five men for membership in a local cell of the Daesh group that received orders from a leading Daesh figure in Afghanistan. The Duesseldorf regional

May 31

Region

Egypt and UAE to draft agreements for renewable energy projects

CAIRO: Mostafa Madbouly, prime minister of Egypt, and Sultan bin Ahmed Al-Jaber, UAE minister of industry and advanced technology, have agreed to set up working groups to formulate renewable energy

May 29

Region

UAE, China remain Saudi Arabia’s leading non-oil export destinations

RIYADH: The UAE’s share in Saudi Arabia’s non-oil exports including re-exports dropped to 14.81 percent in the first quarter this year, down from 14.87 percent the previous quarter, according to the

May 29

Region

Adel Al-Jubeir appointed climate envoy by royal decree

RIYADH: Adel Al-Jubeir was appointed as envoy for climate affairs in addition to his work on Sunday by royal decree, Saudi Press Agency reported. More to follow…

May 29

Region

Russian ex-president Medvedev calls for tougher ‘foreign agent’ law

DUBAI: Former president Dmitry Medvedev on Saturday called for Russia to toughen its laws on “foreign agents” and prosecute individuals working for the interests of foreign states. Russia has

May 28

Region

Iran shows off underground drone base, but not its location – state

The Iranian army has given some details — but not the exact location — of an underground base for its military drones, state media reported on Saturday, amid simmering tensions in the Gulf. State TV

May 28

Region

Ukraine ex-president says blocked from leaving country

KYIV, Ukraine: The former president of Ukraine, Petro Poroshenko, said Saturday he was barred from leaving the country, accusing the government of breaking a so-called political cease-fire in place

May 28

Region

Qatar Airways to revisit IPO plans after World Cup 2022

RIYADH: Qatar Airways will reconsider an initial public offering after the country concludes hosting World Cup 2022 later this year, CEO Akbar Al Baker told Asharq Business. Earlier in 2012, the

May 26

Region

EU urged to act over Bulgarian pushbacks of asylum seekers

LONDON: An international human rights organization has urged the EU to act over reports of Bulgarian authorities engaging in “illegal pushbacks” of asylum seekers along the country’s border with

May 26

Region

Metaverse-into-reality event Metacon to take place in Dubai this month

DUBAI: The first edition of Metacon, a one-of-a-kind “metaverse into reality” pop culture convention, is set to take place on May 28 and 29 in Dubai with tickets being sold as non-fungible tokens.

May 26

Region

DCO, WEF launch digital initiative to boost global investment flows

LONDON: The Digital Cooperation Organization and the World Economic Forum launched a Digital Foreign Direct Investment Initiative today at the WEF annual meeting in Davos to boost global foreign

May 24

Region

Three Turkish soldiers killed in Iraq

ISTANBUL: Three Turkish soldiers serving in northern Iraq as part of operations against Kurdish militants were killed Tuesday, the defense ministry announced. Another four soldiers were wounded

May 24

Region

Germany orders 40,000 vaccine doses as precaution against monkeypox

Germany has ordered 40,000 doses of a Bavarian Nordic vaccine to be ready to vaccinate contacts of those infected with monkeypox if an outbreak in Germany becomes more severe, but officials are

May 24

Region

Global ESG assets to hit $50tr by 2025: PIF Governor

LONDON: Global environmental, social, and governance assets are on track and expected to hit $41 trillion by the end of this year, and $50 trillion by 2025, as the Public Investment Fund continues to

May 22

Region

Aramco started journey toward sustainability in 1970s, says official

LONDON: As businesses are now getting more concerned about becoming environment friendly, Saudi Aramco had started the journey toward sustainability long back in the 1970s, said Ashraf Al-Ghazzawi,

May 22

Region

Achieving a decarbonized economy is ‘urgent’, experts say during FII

LONDON: Achieving a decarbonized economy is an urgency at this time, but it is very challenging, according to David Schwimmer, CEO of the London Stock Exchange Group. While speaking at the Future

May 22

Region

Kuwait ministry captures Iranian ship with 240 tons of smuggled

DUBAI: Kuwait’s Ministry of Interior has seized an Iranian ship carrying 240 tons of smuggled diesel, a report by Dubai-based Al Arabiya TV said Saturday. The ministry said it has seized in

May 21

Region

Russia declares travel ban on 963 Americans including Biden and

LONDON: Russia said on Saturday it was banning entry to 963 Americans including US President Joe Biden, Secretary of State Antony Blinken and CIA chief William Burns The travel bans have only

May 21

Region

Joe Biden signs $40 billion for Ukraine assistance during Asia trip

SEOUL: President Biden on Saturday signed legislation to support Ukraine with another $40 billion in US assistance as the Russian invasion approaches its fourth month. The legislation, which was

May 21

Region

North Africa and Middle East hit 10-year low in refugees as conflicts

LONDON: North Africa and the Middle East have hit a 10-year low in refugees as conflicts in Libya, Iraq and Syria deescalated, according to the International Displacement Monitoring Centre.

May 19

Region

Centennial, Colgate Energy combine to create $7bn oil producer

Centennial Resource Development Inc. and Colgate Energy Partners III LLC have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused US oil and gas

May 19

Region

Egyptian journalists launch award in honor of slain Palestinian

CAIRO: The Egyptian Journalists Syndicate will honor the late Palestinian journalist Shireen Abu Akleh with a special category in the Egyptian Press Awards bearing her name. The award will be based

May 19

Region

Leaked UK counterterror review finds ‘double standards’ on far-right

LONDON: A leaked draft of a review into Britain’s counterterrorism legislation claims that the government has focused too much on right-wing extremism and should renew its focus on Islamist

May 17

Region

Abu Dhabi’s IHC completes $2bn investment deal with India’s Adani

RIYADH: Abu Dhabi’s International Holding Co. has completed a 7.3 billion dirhams ($2 billion) investment transaction in three of Adani Group’s firms. Abu Dhabi-listed IHC, which has investments in

May 17

Region

The GCC region is the ‘most engaging globally’ for Snapchat: General

DUBAI: The Gulf Cooperation Council region is the most engaging in the world for Snapchat, according to Hussein Freijeh, Snapchat’s general manager, Middle East North Africa. While speaking at the

May 17

Region

Shireen Abu Akleh: A martyr to the truth of Israeli inhumanity

I did not know Shireen Abu Akleh, but I mourn her as a friend. For millions of us, she was our heartfelt window into the Palestinian cause for 25 years. In the mindset of Israel’s security apparatus

May 16

Region

Diriyah Gate will contribute $7.2bn to Saudi GDP, says Abdullah Taibah

RIYADH: Saudi Arabia’s historic city development project, The Diriyah Gate, will contribute SR27 billion ($7.2 billion) to Saudi Arabia’s gross domestic product upon its completion, according to

May 16

Region

Bahraini oil refineries’ profit margin rises to an all time high, oil

RIYADH: The profit margin of Bahraini oil refineries has risen to its highest historical level in the industry, the country’s minister of oil and gas said in an interview with Asharq. Mohammed bin

May 16