RIYADH: Saudi Arabia’s food security drive is set to receive a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to construct high-tech greenhouses. In a statement released on the Saudi Stock Exchange, Tadawul, the company outlined the signing of a memorandum of understanding with the Saudi Greenhouses Management and Agri … Read more
LONDON: Oil prices jumped $3 a barrel on Friday in reaction to reports that Israeli missiles had struck a site in Iran, sparking concerns that Middle East oil supply could be disrupted. The benchmark contracts surged more than $3 then eased slightly. At 5:00 a.m. Saudi time, Brent futures were up $2.63, or 3 percent, … Read more
RIYADH: The UAE recorded an annual 64 percent surge in trademark registrations, amounting to 4,610 in the first quarter of 2024, official data showed. The figures, released by the nation’s Ministry of Economy, reveal the notable increase from 2,813 signups in the same period of 2023. March emerged as a particularly prolific period, with 2,018 new … Read more
CAIRO: The Arab League on Tuesday strongly denounced relentless attacks carried out by Israeli settlers on Palestinian cities and towns across the West Bank. “These attacks, often perpetrated under the tacit approval and protection of Israeli authorities, are exacerbating a pervasive state of impunity and continued oppression of Palestinian lives and properties,” the league said … Read more
ASTANA, Kazakhstan: If the choice was death or a bullet to the leg, Yevgeny would take the bullet. A decorated hero of Russia’s war in Ukraine, Yevgeny told his friend and fellow soldier to please aim carefully and avoid bone. The tourniquets were ready.The pain that followed was the price Yevgeny paid for a new … Read more
RIYADH: By breaking down geographical barriers, the metaverse — a digital space that uses virtual and augmented reality — is set to foster unprecedented levels of collaboration and connectivity. From how individuals work, plan, design, and build to how they shop, relax, travel, and live, it will have a significant impact on almost every aspect … Read more
Startup Wrap – OSN+, AhnLab, and Mubashir among firms to see funding success during Ramadan CAIRO: Startups in the Middle East and North Africa region have closed Ramadan and started Eid Al-Fitr on a positive note as venture activity continued. Among the most significant announcements during the holy month was UAE-based online streaming platform OSN+ and … Read more
TOKYO: With the world transitioning to new energy sources, relations with Japan are being strengthened, as the research department of the Japan Organization for Metals and Energy Security conducted joint workshops with KAPSARC, an energy think tank in Saudi Arabia, last summer. In an interview with Arab News Japan, Toyoda Kohei, of JOGMEC’s Energy Research Division, outlined … Read more
RIYADH: Buoyed by the millions of Umrah performers and worshippers throughout the holy month of Ramadan, Saudi Arabia braces for a surge in travel for Eid Al-Fitr. The spike is expected to result in a significant rise in the number of arriving and departing passengers from key Umrah airports. Air travel between the UAE and … Read more
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