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
Siege is a ‘silent killer’ as Gazans face ‘debilitating’ struggle to survive, says UN agency chief NEW YORK CITY: The head of the UN Relief and Works Agency for Palestine Refugees in the Near East on Thursday called for an urgent humanitarian ceasefire in Gaza, to provide some relief for the population there and clear … Read more
ISLAMABAD: Pakistan said on Friday it did not want to escalate a standoff with Iran, as Islamabad’s top civilian and military leadership gathered to review the situation after both countries exchanged strikes on militant bases on each other’s territory.Caretaker Prime Minister Anwaar ul Haq Kakar has begun a meeting of the high-powered National Security Committee, … Read more
DAVOS: US forces and their international allies must leave Iraq, especially considering the heightened tensions in the Middle East, the country’s Prime Minister Mohamed Shia Al-Sudani said on Thursday. A US-led international anti-Daesh coalition has been operating in the country since 2014. The end of the international coalition mission was a “necessity for the security … Read more
DAVOS: Trade tensions are looming large over the global economic landscape, with experts at the World Economic Forum expressing concerns about the growth trajectory. Over the past three decades, trade and investment have played pivotal roles in fostering international prosperity. However, recent developments and geopolitical events have raised alarm among key figures at the forum, … Read more
DAVOS: The World Economic Forum in Davos brought together global leaders and industry experts to discuss the current state of the world, with a focus on real estate and global economic trends. Christian Ulbrich, global chief executive officer and president of JLL, praised the ongoing development in the Middle East’s real estate sector with large-scale … Read more
RIYADH: The fourth phase of the “School Theater” initiative has been launched in the Kingdom, the Saudi Press Agency reported. Part of a strategic partnership between the ministries of education and culture and implemented by the Theater and Performing Arts Commission, the initiative aims to train 25,540 teachers, both male and female, in 19,647 public … Read more
LONDON: The energy transition will be at the core of the Gulf region’s strategy to continue to fuel its growth, Saudi Arabia’s investment minister said on Tuesday at the World Economic Forum in Davos, Switzerland. “The most important thing is political stability, long-sighted vision and consistency,” Khalid Al-Falih told a panel titled “Gulf Economies: All … Read more
Middle East faces stark choice between diplomacy and escalation, Lebanon’s caretaker PM Najib Mikati tells Arab News DAVOS: Najib Mikati, Lebanon’s caretaker prime minister, said on Tuesday that Israel’s recent attacks on Lebanese soil, as well as the ongoing hostilities in Gaza, presented the region with two possible outcomes — win-win or lose-lose. In an … Read more
RIYADH: Saudi Arabia has joined the World Health Organization’s appeal for funds to address health emergencies across the globe. Dr. Abdullah Al-Rabeeah, supervisor-general of KSrelief, the Kingdom’s aid body, participated virtually in the fundraising efforts on Monday which took place in Geneva. The purpose of the appeal is to raise $1.5 billion to help the WHO … Read more