Ivan Rakitic: Luka Modric moving to Saudi Arabia would be ‘amazing’

LONDON: Ivan Rakitic hopes his strong brotherly bond with his former Croatia team-mate Luka Modric can persuade the timeless maestro to join him at Al-Shabab in the Saudi Pro League. Modric may be 38 but Rakitic said that his enduring class was something his fellow Real Madrid midfielder, the free-scoring tyro Jude Bellingham, could learn … Read more

Saudi Arabia adopts moving chain methodology to calculate real GDP

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 40.74 points, or 0.32 percent, to close at 12,618.62.  The total trading turnover of the benchmark index was SR7.59 billion ($2.02 billion) as 151 of the stocks advanced, while 66 retreated.   On the other hand, the Kingdom’s parallel market Nomu slipped 129.53 points, or … Read more

Saudi Arabia offers 30-year tax exemption to MNCs moving regional HQs to Riyadh: official gazette 

CAIRO: Venture capitals focused on the Middle East and North Africa region have successfully refueled their tanks with multiple firms attracting new investments.  Female-led Lebanon-based Globivest announced its first closing for an undisclosed sum in its venture capital firm.  Reaching two-thirds of its target of $25 million to $30 million, the investment marks a significant milestone … Read more

Israel says Hamas’s Gaza chief moving ‘from hideout to hideout’

How UNRWA funding crisis affects its most vulnerable fields of operations beyond Gaza LONDON: With the primary lifeline for millions of Palestinian refugees in the Middle East likely to be severed by the end of February, many families reliant on the UN Relief and Works Agency fear they could fall deeper into poverty — or … Read more