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
Al-Baha, Eastern Province municipalities now offering over 1,000 investment opportunities RIYADH: Investors can now access over 1,000 opportunities in sectors, including tourism, across the Al-Baha and the Eastern Province municipalities, according to the Saudi Press Agency. The borough of the southwestern region of Al-Baha has presented a total of 1,088 acquisition prospects, both permanent and … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index edged up for the second consecutive day as it gained 53.58 points or 0.43 percent to close at 12,746.59. The total trading turnover of the benchmark index was SR7.60 billion ($2.03 billion), with 82 stocks advancing and 135 declining. However, Saudi Arabia’s parallel market Nomu shed 36.16 points … Read more
RIYADH: A new shipping service connecting Jeddah to the northern Red Sea has been launched by Saudi independent short-sea service provider Folk Maritime, indicating growth in the Kingdom’s maritime sector. The Saudi Ports Authority, also known as Mawani, has announced that the offering will link Jeddah Islamic Port, Yanbu Commercial Port, and NEOM Port, all … Read more
TOKYO: Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on US crude oil and gasoline inventories and returned to buying mode, according to Reuters. Brent crude futures for May were up 31 cents, or 0.4 percent, at $86.40 a barrel while the more actively traded … Read more
Lyon and Chelsea win first-leg matches in Women’s Champions League quarterfinals LONDON: Lyon and Chelsea underlined their status as two of the favorites for the Women’s Champions League title by earning first-leg wins on the road in the quarterfinals on Tuesday. Lyon, the record eight-time champion, came from behind to beat Benfica 2-1, while Chelsea … Read more
RIYADH: Saudi Arabia’s technology space is poised for further improvement with the signing of an agreement between Dahua Technology and Alat, owned by the Kingdom’s Public Investment Fund. According to a press statement, the agreement is a part of Dahua’s recent expansion plan in the Middle East and North Africa region, after it opened an … Read more
RIYADH: Egypt is set to receive €7.4 billion ($8 billion) in aid from the EU to support its economy until 2027 amidst conflicts in Gaza and Sudan, according to reports. London-based newspaper the Financial Times claims the aid comes amid concerns that the situations could deepen the North African country’s financial challenges and increase migration pressures in Europe. Dimitris … Read more
RIYADH: Moody’s Investors Service has retained a positive outlook for Saudi Arabia’s banking sector thanks to the Kingdom’s economic diversification programs. In its latest report, the US-based credit rating agency said the demand for credit for government-backed projects will improve loan performance and generate strong profit for banks in Saudi Arabia. “The banks’ operating environment … Read more
RIYADH: Saudi Arabia’s technology conference LEAP 2024 is awash with thousands of international companies and startups, but government agencies are also using the event to showcase their digital products and services. As well as 1,800 exhibitors, 170,000 attendees and 1,100 expert speakers, over 30 public sector entities are attending the Riyadh-based gathering, now in its third … Read more