Saudi defense minister discusses military escalation in region with US counterpart

JEDDAH: Ali Alhammadi, a Saudi 32-year-old visual artist from Aldawadmi in Riyadh, has carved out a remarkable pathway in the world of art since his professional debut in 2017. Passionate about visual arts since childhood, Alhammadi’s artistic inspiration was ignited by the “Saudi renaissance” in line with Vision 2030, prompting him to embark on a … Read more

Saudi insurers lead GCC region in net profit and revenues, study shows

RIYADH: The net profit of insurance companies in Saudi Arabia surged by 1,221.3 percent year-on-year in 2023 to $861 million, driven by favorable economic conditions.  According to the report released by research firm Insurance Monitor, in association with Lux Actuaries and Consultants, four firms from the Kingdom grabbed their spots on the list of the … Read more

Western Sahara denounces France’s plan to fund projects in disputed region

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

Russia declares federal emergency in the flood-hit Orenburg region

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

Early-stage startups across the MENA region secure funding rounds

CAIRO: Startups throughout the Middle East and North Africa region are experiencing a surge in funding, significantly energizing the entrepreneurial ecosystem.  Across diverse locales such as Saudi Arabia, Bahrain, and Tunisia, early-stage companies have successfully attracted pre-seed and seed investments this week, propelling their development and expansion.  Saudi Arabia-based food tech startup Barakah successfully raised … Read more

Why shared water resources could become a source of conflict between nations of the Arab region

DUBAI: Water scarcity and mismanagement are pressing global issues, made worse by a warming climate which is depleting the world’s freshwater sources at an alarming rate. Despite this, international cooperation on water security has been left wanting. More than three billion people depend on water that originates outside their national boundaries, yet just 24 countries … Read more