Poland’s president becomes the latest leader to visit Donald Trump as allies eye a possible return NEW YORK: Former President Donald Trump met Wednesday in New York with Polish President Andrzej Duda, the latest in a series of meetings with foreign leaders as Europe braces for the possibility of a second Trump term. The presumptive … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,708.34 points on Monday, gaining 41.44 points, or 0.33 percent. The parallel market Nomu also gained 158.48 points, or 0.6 percent, to conclude at 26,548.59. However, the MSCI Tadawul 30 Index fell 4.77 points – 0.3 percent – to finish at 1,610.23. The main index posted a trading value of … 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: Custom duty exemptions for a range of manufacturing products coming into Saudi Arabia are now in effect, as the Kingdom seeks to stimulate its industrial sector. Raw materials, semi-processed goods and packaging materials, as well as machinery, equipment, and spare parts, are among the items which are now levy-free. In March, the Ministry of Industry and … Read more
NEW DELHI: Oil prices ticked up in Asian trade on Monday, extending gains from last week when prices rose nearly 4 percent on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure, according to Reuters.
RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report. In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation … Read more
Riyadh: The Gulf Cooperation Council hosted an International Women’s Day event at the GCC headquarters in Riyadh on March 8, celebrating the accomplishments of women from the Gulf. On behalf of Foreign Minister Prince Faisal bin Farhan, Deputy Foreign Minister Waleed Elkhereiji participated in the celebration, which was also attended by Qatari Minister for Foreign … Read more
RIYADH: Saudi Arabia is powering growth in the Gulf Cooperation Council’s real estate sector, accounting for 63.1 percent of total projects in the region in 2024, a new report showed. According to consultancy firm CBRE, the total value of the projects pipeline across the GCC is estimated at $1.68 trillion in 2024 – an increase from $1.38 trillion the … Read more
SINGAPORE: Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after US data showed a smaller-than-expected rise in crude inventories and large draws in fuel stocks, according to Reuters. However, expectations that US interest rate cuts could be delayed capped gains. Brent crude futures slipped 4 cents to … Read more
RIYADH: Economic development, conflict resolution, and future resilience are all rooted in cross-border human capital readiness, a panel of experts claimed during the Human Capability Initiative in Riyadh. As the global community grapples with an ever-growing climate crisis, geopolitical tensions, and an imminent “fourth” industrial revolution, Saudi Arabia’s Permanent Representative to the EU, Haifa Al-Jedea, … Read more