Saudi Arabia and Armenia to forge ‘road map’ for diplomatic ties, FM Ararat Mirzoyan tells Arab News RIYADH: Armenia is committed to drafting a “road map” for the development of diplomatic relations with Saudi Arabia, Ararat Mirzoyan, Armenia’s minister for foreign affairs, told Arab News on Thursday in an exclusive interview during a visit to … Read more
AMMAN: The Jordanian Civil Aviation Regulatory Commission on Saturday announced that Jordanian airspace will be closed “temporarily” for inbound and outbound flights in light of rising regional risks. The commission said in a statement that the decision has been taken to ensure the safety and security of Jordanian aerospace in light of the rising escalation and after … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index posted an annual gain of 1,811.46 points, or 17.11 percent, to reach 12,401.56 at the end of the first quarter of 2024, official data showed. According to the report released by Saudi Exchange, the highest close level of the main index in the first quarter was on March … Read more
RIYADH: Saudi Arabia continued to record robust business activity in March with the authorities approving 18 requests for economic concentration, official data showed. Last month, as many as 17 concentration requests were submitted to the General Authority for Competition. The authority also oversaw a notable influx of cross-border deals, encompassing 10 acquisitions, five joint ventures, … Read more
AMMAN: Thousands of Jordanians marched to the Israeli embassy in Amman on Wednesday for the fourth consecutive day in an outpouring of anger at Israel’s brutal war on Gaza. “The people demand the end of Wadi Araba,” some chanted, referring to Jordan’s 1994 peace treaty with Israel. Hundreds of security personal stationed nearby by the heavily fortified … Read more
Saudi Arabia’s point-of-sales transactions grow 11 percent to reach $14.35bn in January RIYADH: Point-of-sale payments in Saudi Arabia recorded an 11 percent annual increase in January to reach SR53.8 billion ($14.35 billion), the latest data issued by the Saudi Central Bank showed. The surge in POS payments reflects the Kingdom’s commitment to digitalization and investments … Read more
RIYADH: Global economic volatility alongside emerging technologies has not deterred business confidence among CEOs in the Middle East, a recent report revealed. The CEO Global Insights Study for 2024 by Arthur D. Little, survey almost with 300 CEOs from across the world, and discovered positivity from leaders in the region. The report revealed that 61 percent of CEOs in the Middle East are optimistic about economic growth in … Read more
RIYADH: Global economic volatility alongside emerging technologies has not deterred business confidence among CEOs in the Middle East, a recent report revealed. The CEO Global Insights Study for 2024 by Arthur D. Little, survey almost with 300 CEOs from across the world, and discovered positivity from leaders in the region. The report revealed that 61 percent of CEOs in the Middle East are optimistic about economic growth in … Read more
RIYADH: Women rejoining the workforce after a career gap could contribute $385 billion to the economies of nine Middle East and North Africa countries, a survey showed. According to a study conducted by PwC Middle East, this opportunity to increase the gross domestic product highlights significant employment potential in the region. This will prompt companies … Read more
MAKKAH: The General Authority for the Affairs of the Grand Mosque and the Prophet’s Mosque has assigned specific doors in the Grand Mosque to receive Umrah pilgrims during the holy month of Ramadan this year. The doors administration, working together with the security authorities at the mosque, has opened 210 doors to prevent suffocation and … Read more