Saudi Arabia witnessing unprecedented growth in asset management industry: CMA official RIYADH: Asset management activity revenues of capital market institutions in Saudi Arabia reached SR4.2 billion ($1.12 billion) in 2023, representing a rise of 58.6 percent in four years. According to Abdullah bin Ghannam, deputy for listed companies and investment products at Saudi Arabia’s Capital … Read more
Riyadh Air and Artefact partner to build data analytics platform, develop AI solutions RIYADH: Saudi Arabia’s Riyadh Air is set to build a data analytics platform and develop artificial intelligence solutions, thanks to a strategic partnership with global consultancy firm Artefact. By implementing these new instruments, the airline can achieve hyper-personalization and enhance its guest … Read more
RIYADH: Saudi Arabia is emerging as a proactive leader, pioneering green initiatives to mitigate economic challenges posed by the transformation toward sustainability, according to the International Monetary Fund. A recent report by the IMF highlighted the intricate dynamics at play and underscored the Gulf Cooperation Council and Saudi Arabia’s strategic positioning in this evolving scenario. … Read more
NEW DELHI: Muslim teachers said on Tuesday they would appeal a verdict by a court in Uttar Pradesh, which has effectively banned Islamic schools in India’s most populous state. Last week’s ruling scraped a 2004 law governing madrasas in Uttar Pradesh, with the Allahabad High Court saying it violated India’s constitutional secularism and ordered that … Read more
RIYADH: Global methane emissions from the energy sector will drop after reaching a near-record high in 2023, driven by new policies and COP28 pledges, showed a recent report. In its latest study, the International Energy Agency said that the production and use of fossil fuels resulted in close to 120 million tonnes of methane emissions in … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index rose to gain 5.38 points, or 0.04 percent, to close Thursday’s trading session at 12,728.53. The total trading turnover of the benchmark index was SR14.36 billion ($3.89 billion) as 126 stocks advanced, while 93 retreated. The Kingdom’s parallel market, Nomu, rose 308.5 points, or 1.16 percent, to close … Read more
Mediator says talks on Gaza not ‘progressing as expected’ after momentum in recent weeks RAFAH, Gaza Strip: Talks on a potential ceasefire deal in Gaza “have not been progressing as expected” in the past few days after good progress in recent weeks, key mediator Qatar said Saturday, as Israel’s prime minister accused the Hamas militant … Read more
NEW DELHI: India’s main opposition party said Friday that its bank accounts had been frozen by the tax department just weeks before the expected announcement of national elections. Critics and rights groups have accused Prime Minister Narendra Modi’s government of using law enforcement agencies to selectively target its political foes. Congress spokesman Ajay Maken said … Read more
Families of hostages visit international court to urge the arrest of Hamas leaders THE HAGUE, Netherlands: Grieving mother Doris Liber said Wednesday she flew from Israel to the International Criminal Court in hopes of getting justice for her son Guy Illuz, who died in captivity after being shot in the back in the Oct. 7 … Read more
US streaming platform Hulu has been slammed for broadcasting an advertisement suggesting the Gaza Strip could be a popular tourist destination if not for the presence of Hamas. The pro-Israel, 39-second video portrayed Gaza as a potential holiday spot, highlighting “stunning beaches and charming boardwalks.” Among images of what appeared to be artificial intelligence-generated shots … Read more