SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

Biden announces $1 bn in food aid for Middle East: US official

US President Joe Biden at the King Abdulaziz International Airport in the Saudi coastal city of Jeddah.
  • The president will announce today that the United States has committed $1 billion in new near to long-term food security assistance for the Middle East
  • US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia

US President Joe Biden announced $1 billion in new food aid to the Middle East, a senior official said Saturday, amid rising food insecurity induced by the war in Ukraine.

“The president will announce today that the United States has committed $1 billion in new near- to long-term food security assistance for the Middle East and North Africa regions,” the official had said earlier in the day in Jeddah.