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
Dr. Ghassan Abu Sitta elected Glasgow University rector: a victory for Palestine solidarity LONDON: The Palestinian-British surgeon Dr. Ghassan Abu Sitta has been elected rector of the University of Glasgow, winning an overwhelming 80 percent of the vote following a campaign that resonated deeply with students. In early October, at the start of Israel’s military … Read more
Saudi Arabia witnessing unprecedented growth in asset management industry: CMA official RIYADH: Asset management activity revenues of capital market institutions in Saudi Arabia reached SR4.2 billion ($1.12 billion) in 2023, representing a rise of 58.6 percent in four years. According to Abdullah bin Ghannam, deputy for listed companies and investment products at Saudi Arabia’s Capital … Read more
MOGADISHU: Somalia’s parliament has unanimously approved proposals to overhaul the country’s electoral system to reintroduce universal suffrage, a plan that has been criticized by some leading politicians. Last March, President Hassan Sheikh Mohamud pledged to end the complex clan-based indirect voting system in place for more than half a century in the troubled Horn of Africa … Read more
MOGADISHU: Somalia’s parliament has unanimously approved proposals to overhaul the country’s electoral system to reintroduce universal suffrage, a plan that has been criticized by some leading politicians. Last March, President Hassan Sheikh Mohamud pledged to end the complex clan-based indirect voting system in place for more than half a century in the troubled Horn of Africa … Read more
BEIJING/MANILA: China on Thursday blamed Philippine actions for recent rising tension between the two sides in the hotly contested South China Sea. “The provocations by the Philippine side are the direct cause of the recent heating up of the South China Sea issue,” a statement from the defense ministry read, adding: “China will not allow … Read more
DAKAR: Anti-establishment figure Bassirou Diomaye Faye has comfortably won the Senegalese presidential election with 54.28 percent of votes in the first round, official provisional results showed Wednesday. He placed well ahead of the governing coalition’s candidate, former prime minister Amadou Ba, who garnered 35.79 percent.The victory for Faye, who was only freed from prison 10 … Read more
RIYADH: Local markets and online shopping will experience a surge during Ramadan activities thanks to an influx of consumers adapting their shopping habits during the holy period. The purchasing power of customers in the Kingdom during the month reflects a unique blend of cultural traditions, religious observances, and economic factors. In line with global consumer tendencies, … Read more