Ten years from home World Cup, Saudi sizes up ‘huge challenge’
As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
Saudi Arabia and Bahrain sign road safety, maintenance agreement
Manama, Bahrain--Saudi Arabia and Bahrain have signed a memorandum of understanding to boost road safety and maintenance in the two...
Economy
Business
Expo 2020 achieves another milestone, records 20m visits
Expo 2020 Dubai, the largest global gathering since the start of the pandemic, reached the milestone of 20 million visits...
- Dubai Expo 2020 is the biggest event ever to be held in the Arab world with cultural, numerous educational and entertainment experiences
- The appearances of Global leaders, sporting heroes, renowned artists and superstars formed some of the 32,000 events and attractions at the Expo
Economy
Saudi crude oil exports rose 59,000 barrels a day in January
The crude oil exports of Saudi Arabia rose by 59,000 barrels per day to 6.996 million bpd in January, according...
- The new data indicated that in January the kingdom’s exports of crude oil rose by 0.9 percent from 6.937 million bpd in December
- January also marked a substantial increase in the direct use of crude oil — such as oil burning for electricity generation
Economy
Russian wheat flour supply to Palestine to resume
The Palestinian Authority is already engaged in ongoing national efforts to diversify international markets that supply Palestine with basic commodities.
- About 15,000 tons of Russian wheat flour are scheduled to arrive in Palestine by the end of this month
- This comes despite the current Russian-Ukrainian crisis and its effects on global supply chains, especially food
Economy
Bahrain top Arab country in the World Happiness Report 2022
The annual report is published by the United Nation’s Sustainable Development Solutions Network.
- The report ranks Bahrain in the 21st position out of 146 countries
- This is an improvement by one position from last year’s report
Economy
Italy to tax energy profits to ease price burden
The amount generated is expected to help families and businesses struggling with high bills.
- The money will help fund a new €4.4-billion package to ease the pain of high energy prices
- This apparently comes on top of the €16 billion Italy has already spent in recent months
Expo 2020 DUBAI
Saudi Arabia wins Best Pavilion at Expo 2020 Dubai
The pavilion of Saudi Arabia in Expo 2020 Dubai has been awarded Best Pavilion by EXHIBITOR magazine.
- The Saudi Pavilion has already won the Platinum Certificate in LEED by the US Green Building Council
- It also holds three world records: the largest interactive light floor, the longest interactive water curtain, and the largest interactive digital screen mirror
Economy
Security eyed as more Arab nations adopt epassports
Arab countries that offer electronic passports include Saudi Arabia, UAE, Qatar, Oman, Lebanon, Algeria, Kuwait, Morocco, Comoros, Djibouti, Mauritania, Somalia...
- Arab countries that offer electronic passports include Saudi Arabia, UAE, Qatar, Oman, Lebanon, Algeria, Kuwait, Morocco, Comoros, Djibouti, Mauritania, Somalia and Sudan
- Countries in the region that don't have a microchip in their passports include Bahrain, Egypt, Iraq, Jordan, Libya, the Palestinian territories, Syria, Tunisia and Yemen
Economy
Turkish president Erdogan inaugurates world’s longest suspension bridge
Turkish President Recep Tayyip Erdogan on Friday opened the world's longest suspension bridge over the Dardanelles strait in northwestern Turkey...
- The bridge over the Dardanelles strait in northwestern Turkey cuts travel time between Asia and Europe to six minutes.
- The $2.8-billion "1915 Canakkale Bridge" built by a consortium of Turkish and South Korean companies has a main span of 2.023 kilometers between its towers.
Business
India bypasses Western attempt to choke off Russian oil supply
Indian government officials on Friday defended the continued buying of Russian oil, saying European countries were still purchasing hydrocarbons from...
- Indian oil refiners have in recent days reportedly purchased several million barrels of discounted Russian oil even as the West seeks to isolate Moscow economically
- New Delhi, which historically has had close ties with Moscow, has called for an end to the violence in Ukraine but has stopped short of condemning Russia's invasion
Business
Dubai records $2.53 billion worth of weeklong real estate deals
Dubai recorded $2.53 billion worth of real estate and properties transactions valued during the week ending Friday, according to the...
- A total of 355 plots were sold for AED 1.33 billion, while 1,547 apartments and villas were sold for AED 2.96 billion.
- Al Hebiah Fifth recorded the most transactions for this week by 244 sales transactions worth AED 521.52 million.
Ten years from home World Cup, Saudi sizes up ‘huge challenge’
As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...
Company News
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Syria claims US responsible for military escalation in country
BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the...
Geostrategy
UAE ranks first globally in employing Indians, Saudi second: Minister
New Delhi, India -- The UAE ranks first among the countries in the world in the employment of Indians, currently...
Business
Saudi Arabia, France vow to promote secure, affordable and sustainable energy
RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
Geostrategy
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Business
QCB to grant licenses to website providers for comparing prices of insurance policies
Doha, Qatar--Qatar Central Bank (QCB) has exhorted companies willing to work in providing website services to compare prices of insurance...
- With this announcement, the central bank seeks to regularize and upgrade the financial sector in the country
- The bank said in a statement that the instructions are intended to streamline operations of service providers
Economy
Residents fume as Hawaii fire death toll climbs to 89
Lahaina, a town of more than 12,000 and former home of the Hawaiian royal family, has been reduced to ruins,...
- More than 2,200 structures were damaged or destroyed as the fire tore through Lahaina
- The new toll makes the blaze the deadliest in US since 1918, when 453 people died in Minnesota and Wisconsin
Economy
Battered by war, Sudanese start small businesses to survive
Until April 15, when the conflict erupted between the army headed by General Abdel Fattah al-Burhan and Mohamed Hamdan Daglo's...
- Eshraqa Mousa, another woman who fled Khartoum, has opened a small stall to sell tea. Without it, she said, she could "only provide one meal a day" for her children
- "We were forced to find alternatives," said Mohammed Ali, a former civil servant in the capital, he "teamed up with some colleagues to open a small mobile food stall"