RIYADH: Saudi Arabia’s food security drive is set to receive a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to construct high-tech greenhouses. In a statement released on the Saudi Stock Exchange, Tadawul, the company outlined the signing of a memorandum of understanding with the Saudi Greenhouses Management and Agri … Read more
Biden avoids further Mideast spiral as Iran, Israel show restraint but for how long? WASHINGTON: President Joe Biden can breathe a bit easier, at least for the moment, now that Israel and Iran appear to have stepped back from the brink of tipping the Middle East into all-out war. Israel’s retaliatory strikes on Iran and … Read more
SYDNEY, Australia: China’s foreign minister on Saturday accused Western powers in the AUKUS security pact of provoking division and risking nuclear proliferation in the South Pacific. On a weekend visit to strengthen Beijing’s ties with Papua New Guinea, Foreign Minister Wang Yi lashed out at AUKUS, which provides for the United States and Britain to … Read more
Pakistan pushes to forge strategic, economic partnership as Saudi FM visits Islamabad ISLAMABAD: Pakistani top leaders, including the prime minister, president and foreign minister, said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would help transform a longstanding friendship between the two nations into a strategic and commercial … Read more
RIYADH: The World Bank has raised its expectations for Saudi Arabia’s economic growth to 5.9 percent in 2025 from 4.2 percent predicted earlier in January. In its latest report the bank, however, revised its 2024 forecast for the Kingdom’s gross domestic product growth downward to 2.5 percent from an earlier forecast of 4.1 percent. Concurrently, … Read more
LONDON: He’s failed to meet key pledges, hit an opinion poll low, and even cramped the style of a popular Adidas shoe: Britain’s beleaguered Conservative leader Rishi Sunak appears destined to lose a looming general election.Two tax cuts and a slightly improving economy have failed to boost Sunak’s political fortunes, while criticism from ex-prime minister … Read more
WASHINGTON: President Joe Biden said Thursday that US defense commitment to Pacific allies was “ironclad” as he gathered Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House in the midst of growing concern about provocative Chinese military action in the Indo-Pacific.
Beijing: Beijing on Thursday said the United States and Japan had “smeared and attacked” China during a Washington summit, where US President Joe Biden and Japanese Prime Minister Fumio Kishida unveiled their countries’ biggest-ever upgrade in defense ties. Biden and Kishida unveiled plans on Wednesday to restructure the US military command in Japan, the biggest … Read more
WASHINGTON: The US Federal Aviation Administration (FAA) is investigating a Boeing whistleblower’s claims that the company dismissed safety and quality concerns in the production of the planemaker’s 787 and 777 jets, an agency spokesperson said on Tuesday.The planemaker has been grappling with a full-blown safety crisis that has undermined its reputation following a Jan. 5 … Read more
RIYADH: The net profit of insurance companies in Saudi Arabia surged by 1,221.3 percent year-on-year in 2023 to $861 million, driven by favorable economic conditions. According to the report released by research firm Insurance Monitor, in association with Lux Actuaries and Consultants, four firms from the Kingdom grabbed their spots on the list of the … Read more