RIYADH: Stock markets in the Middle East continued to recover following “Black Monday,” when global indices plunged due to concerns over a potential US recession triggered by a weak jobs report from the world’s largest economy. Saudi Arabia’s Tadawul All Share Index closed at 11,729.71, up by 50.55 points, or 0.43 percent on Wednesday. The … Read more
Trump supporters meet representatives of Michigan’s Arab and Muslim communities CHICAGO: Arab and Muslim supporters of the former US president, Donald Trump, held a meeting in Michigan on Tuesday night to discuss with community leaders his actions while he was in the White House, and attempt to win their support for his bid to regain … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index posted an annual gain of 1,811.46 points, or 17.11 percent, to reach 12,401.56 at the end of the first quarter of 2024, official data showed. According to the report released by Saudi Exchange, the highest close level of the main index in the first quarter was on March … Read more
RIYADH: Women rejoining the workforce after a career gap could contribute $385 billion to the economies of nine Middle East and North Africa countries, a survey showed. According to a study conducted by PwC Middle East, this opportunity to increase the gross domestic product highlights significant employment potential in the region. This will prompt companies … Read more
LONDON: The UK government has been warned against letting Afghans who worked and fought alongside British and coalition forces be deported to Rwanda. Members of the House of Lords are debating new legislation proposed to allow asylum-seekers who arrive in the UK illegally to be removed to the East African state for processing. On Monday, … Read more
Son of Palestinian-American woman detained in West Bank by IDF appeals to President Biden to take action LONDON: The family of a Palestinian-American woman, who claims she has been kidnapped by Israeli forces, has appealed to US President Joe Biden to take action. According to the son of Samaher Esmail, who hails from Louisiana, the … Read more
RIYADH: Saudi ports experienced a 9 percent increase in annual container handling in 2023, reaching 11,380,302 units, in a sign of the Kingdom’s success in developing its maritime sector. This figure surpassed the 2022 total of 10,439,620 containers, as reported by the Saudi News Agency. Simultaneously, facilities managed by the Saudi Ports Authority, also known … Read more
LOS ANGELES: Joel Embiid scored 41 points in a dazzling return from injury on Monday as the Philadelphia 76ers romped past the Houston Rockets 124-115. Kicking off a packed slate of NBA fixtures as the US marked the Martin Luther King Jr. public holiday, the Sixers were always in control as they cruised to victory. … Read more
Meta’s tools increase chance of removing valuable posts about Israel-Hamas war, says watchdog DUBAI: Meta’s Oversight Board, which makes decisions about content published on the company’s platforms, published its findings on Tuesday after expedited reviews of two separate appeals from users about the removal of content relating to the war between Israel and Hamas. The … Read more
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more