Arts & Culture

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Saudi film industry gets boost with $100m investment fund

Riyadh, Saudi Arabia -The Middle East Financial Investment Company (MEFIC Capital) has unveiled the establishment of the Saudi Film Fund,...
  • The strategic fund is an outcome of an agreement involving the Cultural Development Fund, MEFIC Capital, and Roaa Media Ventures
  • The Saudi film production market has experienced impressive growth, boasting an annual growth rate exceeding 25%

‘Oppenheimer’ dominates BAFTAs in major Oscars boost

London, United Kingdom - "Oppenheimer", Christopher Nolan's epic movie about the creation of the atomic bomb, swept the board at Sunday's...
  • The movie earned seven awards in total, including best film, best director for Nolan, best actor for Cillian Murphy and best supporting actor for Robert Downey Jr
  • In the film, Murphy plays J. Robert Oppenheimer, the US theoretical physicist often called the "father of the atomic bomb" who was haunted by the consequences of his creation

WEF24: Virunga battles deforestation, habitat loss

Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de...
  • Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de Merode tells TRENDS.
  • Addressing investment risks and finding sustainable funding methods for forest protection become significant challenge amid ongoing regional conflicts, de Merode adds.

Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
  • Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.
  • Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

Riyadh to host Saudi’s first snooker event in 2024

London, UK - Saudi Arabia will stage its first ranking snooker event in 2024, with a prize pool of more than...
  • The inaugural Saudi Arabia Snooker Masters will trail only the World Championship in terms of prize money
  • A 10-year deal has been agreed for the event, which will take place from August 31 to September 7 in Riyadh

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.
  • The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion
  • Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,

Archaeological sites discovered in Southern Saudi Arabia

ABHA, SAUDI ARABIA  - The Heritage Commission announced its most prominent discovery in Jurash, Asir region, as one of the...
  • These were the result of strenuous excavations that took place in 2023.
  • Residential units whose walls were built with stones and clay were revealed.

US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
  • The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.
  • Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.

Law, politics hamper UK museum return of artifacts

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
  • Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.
  • British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...
  • The new game uses an AI chatbot to simulate the barrage of squirm-inducing questions young people can expect to face.
  • The annual inquisition as extended families gather for China's biggest festival is a cultural touchstone across the country.

Hungary’s ‘master of the apocalypse’ Krasznahorkai wins literature Nobel

Stockholm, Sweden -- The Nobel Prize for Literature was on Thursday awarded to Laszlo Krasznahorkai considered by many as Hungary's...

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Egypt again delays opening of massive new museum, citing regional tensions

Cairo, Egypt - Egyptian authorities announced on Saturday that the long-awaited inauguration of the Grand Egyptian Museum (GEM) would once...

Picasso on a plate: unseen ceramics up for auction in Geneva

Geneva, Switzerland -- A clutch of one-off and hitherto unseen ceramic plates and dishes by Pablo Picasso are going under...

Saudi Arabia and Qatar to host Asian playoffs for World Cup: AFC

Kuala Lumpur, Malaysia -- Saudi Arabia and Qatar will host the Asian qualifying playoffs for the 2026 World Cup, the...

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Chinese man defies demolition orders to build madcap rural home

Xingyi, China -- Surrounded by the rubble of demolished homes, Chen Tianming's ramshackle tower of faded plyboards and contorted beams...
  • Authorities razed most of Chen's village in Guizhou province in 2018 to build a lucrative tourist resort in a region known for its spectacular rice paddies.
  • Chen, 42, refused to leave, and after the project faltered, defied a flurry of demolition notices to build his family's humble stone bungalow higher and higher.

Muslim pilgrims ‘stone the devil’ as Hajj concludes under extreme heat in Saudi Arabia

Starting at dawn, the more than 1.6 million Muslims took part in the pilgrimage will throw seven stones at each...
  • The more than 1.6 million Muslims taking part in the pilgrimage will throw seven stones at each of three concrete walls symbolising the devil in the Mina valley,
  • The ritual commemorates Abraham's stoning of the devil at the three spots where it is said Satan tried to dissuade him from obeying God's order to sacrifice his son

‘Italian genius’ Inzaghi to coach Saudi Arabia’s Al Hilal

Riyadh, Saudi Arabia -- Former Inter boss Simone Inzaghi was revealed as the new coach of Saudi Arabia's Al Hilal...
  • The Italian, who led Inter to a heavy defeat in Saturday's Champions League final, had earlier played down rumors of a two-year deal worth 50 million euros.
  • Inzaghi, 49, becomes just the latest high-profile footballing acquisition for oil-rich Saudi Arabia, which will host the World Cup in 2034.