Saudi authorities highlight tourism commitments during UN Sustainability Week in New York NEW YORK: The Saudi tourism minister on Tuesday reiterated the Kingdom’s commitment to sustainable development of the travel sector. Ahmed Al-Khateeb said that under the leadership of King Salman and Crown Prince Mohammed bin Salman, Saudi Arabia has become one of the most … Read more
Pakistan pushes to forge strategic, economic partnership as Saudi FM visits Islamabad ISLAMABAD: Pakistani top leaders, including the prime minister, president and foreign minister, said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would help transform a longstanding friendship between the two nations into a strategic and commercial … Read more
RIYADH: Air transport from the UAE to Saudi Arabia surged 13 percent in March compared to the previous month, driven by rising demand due to Ramadan. According to the UAE’s General Civil Aviation Authority, weekly flights from the UAE to the Kingdom reached 383 in March, from around 338 the previous month. The Hajj season is … Read more
MOSCOW: Russia’s government has declared on Sunday flood-hit areas in the Orenburg region a federal emergency, state media reported. The floods, caused by rising water levels in the Ural River, forced over 4,000 people, including 885 children, to evacuate, the regional government said. State news agency Tass said that a further 2,000 homes were flooded, bringing … Read more
RIYADH: Excavation work on three components of the Riyadh metro project is set to begin following the signing of a SR722.1 million ($192.5 million) deal between Saudi Real Estate Co., also known as Al Akaria, and Diriyah Gate. The work will encompass areas known as Metro-Box Central, Metro-Box South, and Metro-Box East and the contract … Read more
Riyadh: The Saudi cultural attache’s office in the US brought the spirit of Ramadan to life with a vibrant Ramadan Bazaar event at their headquarters in Washington, DC. The popular bazaar drew crowds of Saudi clubs, families, students, and local community members for an authentic taste of the holy month’s traditions, the Saudi Press Agency … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,656.94 points on Monday, marking a decrease of 139.15 points or 1.09 percent. Conversely, the parallel market, Nomu, concluded at 27,237.44, registering an uptick of 397.03 points or 1.48 percent. The MSCI Index descended by 20.19 points to settle at 1,592.39, a drop of 1.25 percent. … Read more
Middle East luxury market outperforms global industry rate, says Chalhoub Group president DUBAI: Leveling off in July 2023 and returning to normal on a global scale after a spike in consumption following the COVID-19 pandemic, the luxury market is currently witnessing “challenges requiring more collaborations among retailers, brands, developers, and between the private and public … Read more
RIYADH: New energy and infrastructure projects in Nigeria and Malaysia will receive a funding boost, following the approval of $225 million in financing by the Islamic Development Bank. The developments, given the green light by IsDB President and Group Chairman Muhammad Al-Jasser, focus on socio-economic development and sustainability across key sectors.
Veteran Saudi diplomat warns of consequences of Israel’s Gaza war, regional spillover risk DUBAI: With no end in sight to Israel’s onslaught on Gaza, a veteran Saudi diplomat has warned that the conflict could contribute to regional terrorism and spill over into neighboring countries. Dr. Ali Awadh Asseri, a former Saudi ambassador to Lebanon and … Read more