TOKYO/SINGAPORE: Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in US commercial stockpiles outweighed supply fears from heightened tensions in the Middle East, according to Reuters. Brent futures for June fell 40 cents, or 0.44 percent, to $89.62 a barrel by … Read more
RIYADH: The Kuwaiti banking sector is poised for innovation as five new fintech firms have registered with the country’s central bank to offer electronic payment solutions. The registration requests of four companies to provide online transaction services, and one company to operate e-payment system services, have been approved according to a press release. The companies that obtained … Read more
On May 16, 2001, Deportivo Alaves of Spain’s La Liga were involved in one of the most famous matches in the history of European football. In an epic battle that was settled by a “golden goal,” the underdog team from Vitoria-Gasteiz in the Basque Country lost 5-4 to Liverpool in the final of the UEFA … Read more
RIYADH: Saudi Arabia’s proactive leadership and investments in advanced tech solutions have positioned it as a global innovation leader, according to a top official. During the LEAP 2024, Anant Maheshwari, president and CEO of Honeywell’s Global High Growth Regions portfolio, told Arab News that Saudi Arabia was a “crucial market” for the company, being one … Read more
RIYADH: Saudi Arabia’s proactive leadership and investments in advanced tech solutions have positioned it as a global innovation leader, according to a top official. During the LEAP 2024, Anant Maheshwari, president and CEO of Honeywell’s Global High Growth Regions portfolio, told Arab News that Saudi Arabia was a “crucial market” for the company, being one … Read more
RIYADH: Saudi healthcare is poised to benefit from advanced medical interventions after Johnson & Johnson’s technology firm, J&J MedTech KSA, announced the launching of its direct operations in the Kingdom. The company provides high-tech medical and surgical equipment and aims to bring customers closer to a more streamlined experience, according to a statement. This … Read more
Saudi Arabia continues to sign strategic deals with global players at defense show RIYADH: The World Defense show in Riyadh continued for the fifth day with a flurry of deals signed between top international companies and Saudi firms. As many as 10 agreements were sealed by Saudi Arabia’s Ministry of Defense with local and international … Read more
Saudi Arabia in prime position to become global leader in AI regulation, expert says LONDON: Saudi Arabia is well placed to become a global leader in the regulation of artificial intelligence by initiating the discussions that will help craft a consensus on how such rules should operate, an expert on the emerging technology said. Ian Khan, … Read more
RIYADH: Saudi Arabia is committed to “push boundaries” with its pioneering mixed-use developments, a senior executive stated. According to Campbell Gray, CEO of AtkinsRéalis in the Middle East and Africa, the Kingdom is focusing on increasing investments in essential infrastructure projects such as water treatment plants, renewable energy initiatives, education facilities, and public transport systems. This … Read more
Makkah forum marks Saudi Arabia’s pivotal role in global halal industry expansion MAKKAH: The global halal industry is poised for rapid expansion, with Saudi Arabia expected to play a vital role in developing Shariah-compliant products, said a senior minister. Speaking at the inaugural edition of the Makkah Halal Forum, the Kingdom’s Minister of Commerce Majid … Read more