Egypt begins process for privatization of airports

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RIYADH: Egypt began the executive process for offering the management and operation of Egyptian airports to the private sector, a Cabinet statement said on Monday. Egypt is due to set an international tender for operating Egyptian airports, which include Cairo International Airport, the country’s Civil Aviation Minister Mohamed Abbas Helmy has said. Egypt is set to … Read more

Ronaldo back in action for Al-Nassr but cannot prevent defeat by Al-Ain in Asian Champions League

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AL-AIN: Cristiano Ronaldo was back in the Al-Nassr lineup on Monday, after serving a one-game Saudi Pro League suspension for gesturing toward opposing fans during a recent game, but could not prevent his team falling to a 1-0 defeat at the hands of Al-Ain in the first leg of their Asian Champions League quarter-final. It … Read more

Hilton to operate 3 new resorts in UNESCO World Heritage Site Al-Ahsa 

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RIYADH: Saudi Arabia’s UNESCO World Heritage site, Al-Ahsa, is set to provide an enhanced hospitality experience as Hilton introduces three new resorts, establishing a farm-focused tourism hub.  The global hotel operator and Dan Co., a Public Investment Fund company specializing in agritourism, ecotourism, and adventure tourism, have jointly announced the signing of an agreement.  

EU’s Council of Foreign Ministers ‘doing everything in its power’ in bid for Gaza ceasefire

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Shehbaz Sharif sworn in as Pakistan’s prime minister, capping weeks of political upheaval ISLAMABAD: Prime Minister Shehbaz Sharif took oath as Pakistan’s prime minister for a second term on Monday, taking over a troubled country of 241 million people that faces profound political, economic and security challenges. Sharif, 72, officially took up office at a … Read more

Saudi art, music execs speak at Culture Summit Abu Dhabi

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DUBAI: Long a crossroads for cultures from the Far East, South Asia, Europe and the Americas, Dubai’s strategic global location has made it a pivotal place for cultural exchange. Art Dubai’s 17th edition, which wraps up on March 3, further exemplifies the Gulf city’s unique location and cosmopolitan nature, particularly for artists and cultural platforms … Read more

Closing Bell: Saudi main index slips to close at 12,434 

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RIYADH: Saudi Arabia emerged as a significant player in the startup ecosystem this February, raising $16.3 million, making it the second-highest amount secured by any country across the Middle East and North Africa. According to Wamda’s monthly investments report for the region, the Kingdom secured the funding across seven transactions, marking a 48.18 percent increase from … Read more

Hamas says it presses on with Gaza truce talks without Israelis

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CAIRO: The Arab League has called for urgent aid to be sent to Gaza and condemned those attempting to block this support. The Arab League’s Secretary-General Ahmed Aboul Gheit said at the organization’s headquarters on Sunday that the blocking of aid was passing a “death sentence” on the Palestinian people, and was a form of … Read more

Soaring prices hurt Egypt’s Ramadan lantern sales but traders hopeful

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CAIRO: Soaring prices have reportedly affected lantern sales in Egypt as Ramadan approaches, but traders are hopeful business will pick up and that buyers will return to the market. Faraj Al-Gamal, a lantern merchant in Cairo, said although prices had increased this year, there were still buyers seeking the product. “In the market now, lanterns … Read more

Saudi aviation professions localization plan enters 2nd phase

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RIYADH: Saudi Arabia emerged as a significant player in the startup ecosystem this February, raising $16.3 million, making it the second-highest amount secured by any country across the Middle East and North Africa. According to Wamda’s monthly investments report for the region, the Kingdom secured the funding across seven transactions, marking a 48.18 percent increase from … Read more