Saudi ADES inks $66m deal to ramp up production in Egyptian oil fields

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RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Wednesday, gaining 22.44 points, or 0.18 percent, to close at 12,607.98.  The total trading turnover of the benchmark index was SR7.35 billion ($1.96 billion) as 155 stocks advanced, while 62 retreated.   Similarly, the MSCI Tadawul Index increased by 1.57 points, or 0.10 percent, to close at … Read more

Makkah hotels ramp up readiness for this year’s Ramadan season

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MAKKAH: Makkah’s hotels are gearing up to receive the millions of people arriving to perform Umrah during Ramadan. Prices in Makkah’s hotels vary based on their geographical location and their proximity to the Grand Mosque. They also vary according to full or partial views of the mosque, and compete to provide the best services to … Read more

Iran unveils new air defense weaponry as regional tensions ramp up

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BEIRUT: Six Hezbollah and Amal Movement members were killed in an Israeli shelling early Friday morning in southern Lebanon. Israeli warplanes raided the towns of Qantara, Deir Seryan and the vicinity of Wadi Saluki. The raid on a house in Qantara killed three Amal Movement members: Ali Hassan Issa from the town of Jibchit, Mohammed … Read more

NATO chief calls on Europe to ramp up arms production

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BERLIN: NATO’s secretary general called on Europe to increase its arms production to support Ukraine and prevent “potentially decades of confrontation” with Moscow, in an interview published by German media Saturday. Ahead of a key meeting of NATO defense ministers in Brussels and the second anniversary of the Russia-Ukraine war, Jens Stoltenberg insisted that “we … Read more