Unemployment rate in Saudi Arabia drops to 4.4% in Q4 2023: GASTAT

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 22.44 points, or 0.18 percent, to close at 12,607.98.  The total trading turnover of the benchmark index was SR7.35 billion ($1.96 billion) as 155 stocks advanced, while 62 retreated.   Similarly, the MSCI Tadawul Index increased by 1.57 points, or 0.10 percent, to close at … Read more

Spain air drops 26 tonnes of humanitarian aid to Gaza

MADRID, JERUSALEM: Spanish military planes air dropped 26 tonnes of humanitarian aid to Palestinians in the besieged Gaza Strip on Wednesday and Madrid called on Israel to open land border crossings to prevent a famine, the Foreign Ministry said. The operation, carried out in coordination with Jordan and co-financed by the EU, dropped more than 11,000 … Read more

Struggling for a can of food: starving Gazans scramble for aid drops

GAZA CITY, Palestinian Territories: A military plane banked over the war-ravaged ruins of Gaza City dropping dozens of black parachutes carrying food aid. On the ground, where almost no building within sight was still standing, hungry men and boys raced toward the beach where most of the aid seemed to have landed. Dozens of them … Read more

Bruno Guimaraes drops huge hint about Newcastle future amid Man City and Real Madrid interest

MADRID: Brazil winger Vinicius Junior said his desire to play football was reducing as incidents of racial abuse aimed at him piled up in Spain, during a tearful media appearance Monday. The Real Madrid forward has suffered abuse from opposition fans on many occasions in recent years, with one incident in Valencia in May provoking … Read more

The Real Housewives of Dubai season 2 teaser drops

DUBAI: Saudi Arabia’s ancient city of AlUla is launching its first-ever global marketing campaign. Revealed on Feb. 29 with launch events in six major international cities — Dubai, London, New York, Paris, Shanghai and Mumbai — “Forever Revitalizing” is being described as a “data-driven endeavor” that aims to redefine tourism in the region. Melanie D’Souza, … Read more

Closing Bell: TASI drops to 12,532, records $2.4bn trade volume  

  RIYADH: Global trading system accessibility, intellectual property, and dispute settlement take center stage as the 13th World Trade Organization Ministerial Conference commenced in Abu Dhabi.    The four-day event, starting on Feb. 26, will address these issues within the WTO, featuring the participation of trade ministers and senior officials from around the world, the Saudi … Read more

Global M&A market drops 15% in 2023 to $3.2tn

Saudi Investment Ministry to maintain record of private sector’s foreign investments RIYADH: Saudi business landscape received a regulatory push as the Kingdom’s Ministry of Investment launched a new initiative to take inventory of private sector direct expenditures abroad.  This move is part of a broader effort to support investors and companies in their global expansion … Read more

Fighting across Gaza as Israel drops leaflets seeking its hostages

LONDON: Tensions among Israel’s leadership were recently brought to the fore when the Israel Defense Forces announced they were moving ahead with a probe into intelligence and security failures ahead of the Hamas attack on Oct. 7. The decision marked a significant departure from the previously unified position of Israel’s political and military elites, which … Read more

Shipping volume in Suez Canal drops 28% after disruptions

RIYADH: Shipping volume in the Suez Canal dropped 28 percent year on year in the 10 days ending Jan. 2, official data has revealed.  Latest figures released by the International Monetary Fund’s PortWatch platform shows that disruptions in the Red Sea have increased in recent weeks, putting vital trade flows at risk.  On the other … Read more