RIYADH: Dubai’s inflation witnessed a slight decrease in March, dropping to 3.34 percent compared to 3.36 percent in February, according to official data. The decline in inflation is attributed to lower prices of specific goods and services, notably in the food and transportation sectors. Dubai’s Consumer Price Index rose to 110.77 points in March, compared … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,708.34 points on Monday, gaining 41.44 points, or 0.33 percent. The parallel market Nomu also gained 158.48 points, or 0.6 percent, to conclude at 26,548.59. However, the MSCI Tadawul 30 Index fell 4.77 points – 0.3 percent – to finish at 1,610.23. The main index posted a trading value of … Read more
LONDON: He’s failed to meet key pledges, hit an opinion poll low, and even cramped the style of a popular Adidas shoe: Britain’s beleaguered Conservative leader Rishi Sunak appears destined to lose a looming general election.Two tax cuts and a slightly improving economy have failed to boost Sunak’s political fortunes, while criticism from ex-prime minister … Read more
WASHINGTON: A lucky Japanese astronaut will become the first non-American to set foot on the Moon during one of NASA’s upcoming Artemis missions, US President Joe Biden announced Wednesday. The offer to Japan — an opportunity many nations have long dreamed of — came as part of Prime Minister Fumio Kishida’s state visit, and as … 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
RIYADH: Credit facilities provided to micro, small, and medium enterprises in Saudi Arabia saw a 20 percent rise in 2023 compared to the preceding year, marking the highest growth rate for 3 years. Data from the Kingdom’s central bank, known as SAMA, showed borrowing lines allocated to this sector reached a total of SR275.66 billion ($73.51 … Read more
RIYADH: Ten out of the 11 airports in Saudi Arabia that received passengers’ complaints in February resolved them on time, according to the General Authority of Civil Aviation. In its monthly classification for air transport service providers, GACA highlighted the performance of airlines and related transport hubs based on traveler complaints filed during the second month … Read more
BRUSSELS: The European Union and the Philippines said on Monday they would resume negotiations on a free trade agreement as the EU seeks to tap into Asia’s faster economic growth and gain access to critical raw materials. Free trade negotiations stalled in 2017 over EU concerns about the human rights record of then Filipino President Rodrigo … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,772.46 points, witnessing an increase of 10.03 points, or 0.08 percent. The parallel market, Nomu, ended the day at 27,204.67 points, down 75.02 or 0.28 percent. Conversely, the MSCI Tawadul Index grew by 1.53 points to close at 1,606.96, … Read more
LONDON: The UK and Turkiye will formally launch negotiations on a new Free Trade Agreement on Thursday with a view to including services as well as goods in a new deal. Britain already has an FTA with Turkiye, which was rolled over when Britain left the EU, but a review by both sides last year concluded there was … Read more