Saudi Arabia unveils updated investment law to facilitate foreign investors

RIYADH: Saudi Arabian Mining Co., widely known as Ma’aden, achieved a net profit of SR2 billion ($532 million) in the first half of 2024, marking a striking 160 percent increase compared to the same period in 2023. This surge in profitability was driven by several key factors. A major contributor to this financial success was … Read more

Australia spy chief accuses friendly nations of foreign interference

SYDNEY: Australia’s spy chief on Sunday accused some friendly nations of running foreign interference operations in the country, saying their identities would surprise people if revealed. Canberra last year named Iran as having engaged in foreign interference, adding that Australian intelligence had disrupted “individuals” conducting a surveillance operation on an Iranian-Australian’s home.

France condemns Gaza school strike: foreign ministry

TEHRAN: Dozens of Russian military personnel are being trained in Iran to use the Fath-360 close-range ballistic missile system, two European intelligence sources told Reuters, adding that they expected the imminent delivery of hundreds of the satellite-guided weapons to Russia for its war in Ukraine.Russian defense ministry representatives are believed to have signed a contract … Read more

Foreign ministry official meets Indian consul general in Jeddah

JEDDAH: In the heart of Al-Dayer governorate, a stadium carved into the Hashr Mountains honors human creativity and celebrates the local landscape. The origin of this architectural marvel began in 1994, when a group of neighbors led by Mohammed Harian decided to build a sports field in the mountainous terrain. With limited space available, they … Read more

Trump foreign policy adviser urges sanctions on ICC officials after meeting Netanyahu

Is Israel’s Netanyahu pursuing perpetual war in Gaza to save his political skin? LONDON: Last Wednesday evening, five Israeli soldiers were killed and seven others wounded in a “friendly fire” incident in northern Gaza. The five paratroopers, aged between 20 and 22 and reported by The Times of Israel to have been part of an … Read more

Saudi deputy foreign minister offers condolences to Iran over death of president

RIYADH: Aya Shata, 13, was on a mission to enhance mental well-being and school spirit when she started the Middle School Happiness Club at the American International School in Jeddah. Engaging in charitable acts with her family, like distributing food packages or taking part in the Iftar Saem program during Ramadan, has been an important … Read more

Sudan’s horrific war is being fueled by weapons from foreign supporters of rival generals, UN says

Have deaths of Quds Force commanders in Iran-Israel shadow war dented IRGC’s confidence? LONDON: Iran brought its decades-long shadow war with Israel into the open on April 13 when it mounted a combined drone and missile attack in retaliation for a suspected Israeli airstrike on its embassy annex in Damascus, which killed two senior commanders … Read more

Legislation that could force a TikTok ban revived as part of House foreign aid package

BERLIN: Two German Russian nationals have been arrested in Germany on suspicion of plotting sabotage attacks, including on US military facilities, in what officials called a serious effort to undermine military support for Ukraine. Authorities have searched the homes and workplaces of the two suspects who stand accused of working for a foreign secret service. … Read more

Egypt’s foreign debt increases by $3.5bn, official figures show 

RIYADH: Egypt’s foreign debt increased by $3.5 billion in the fourth quarter of 2023, reaching a total of $168 billion, as reported by the nation’s planning ministry.   This marks a climb from the $164.5 billion recorded at the end of September, representing 42.4 percent of the nation’s gross domestic product. Notably, 81 percent of … Read more

Saudi foreign minister and Pakistan army chief discuss security and strategic cooperation

RIYADH: When picking up a pencil or paintbrush to create an artwork, self-taught Saudi artist Dana Almasoud channels her inner child. “As soon as a child picks up a pencil, they attempt to draw or capture a sense of what they see through their eyes on paper. The majority of them stop at some point … Read more