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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

GASTAT adopts chain-linking method to calculate Saudi Arabia’s real GDP

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...
  • The fourth quarter 2023 results and the annual results for the same year have been reached at by using the new methodology.
  • Saudi Arabia is the first country in the Gulf and Arab regions, and among the first G20 countries, to implement the chain-linking methodology.

Cryptocurrency Ether witnesses meteoric rise since launch

NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
  • Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
  • Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
  • The march, from Hyde Park Corner to the US Embassy, was the fifth major demonstration of the year so far in the capital.
  • However, marches protesting Israeli assault in Gaza have seen dozens arrested for anti-Semitic chanting and banners.

Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn

AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
  • During the first two months of 2024, India, the US, Saudi Arabia and Iraq accounted for the majority of ACI’s exports.
  • The chamber's exports to the US surged during the first two months of 2024 to about US$297 million compared to US$275 million.

Aid boat ready to set sail from Cyprus for Gaza

A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...
  • The UN has repeatedly warned of looming famine, particularly in the Palestinian territory's north where no overland border crossings are open.
  • With ground access limited, countries have also turned to airdropping aid, although a parachute malfunction turned one delivery on Friday deadly.

Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...
  • International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".
  • The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.

Saudi Tourism Authority, Trip.com Group sign global agreement

BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...
  • The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.
  • The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.

US President orders military to set up a port in Gaza for aid, say officials

President Joe Biden will tell Congress that he has ordered the US military to set up a port in Gaza...
  • US officials said the "significant capability will take a number of weeks to plan and execute".
  • US officials were careful to stress that American troops would not be on the ground in Gaza.

UN agency exhorts Israel to allow port for Gaza aid transfer

Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod...
  • "We have several requests with the Israelis," World Food Program (WFP) Deputy Executive Director Carl Skau told AFP in Rome.
  • "We want to use the Ashdod port, which would be much more efficient than going through Jordan or even Egypt," Skau said.

Hamas expresses dissatisfaction over Israel’s stance on Gaza truce

A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in...
  • Hamas has been insisting on a complete withdrawal of Israeli forces from Gaza, the return of displaced people to their homes.
  • Israel has been asking for a list of all hostages still alive in Gaza, a task Hamas says it is unable to complete.

After Instagram restrictions, Meta to introduce teen accounts for Facebook

Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...

Latest News

Russia becomes world’s fourth-biggest LNG producer, says PM

MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year.The Russian Prime...

New shipping service in Saudi Arabia launched

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...

Liberty Media buy MotoGP

Formula One owners paid US$4.5 billion for the deal.

Most Read

Gaza children fly kites to escape horrors of war

RAFAH, PALESTINIAN TERRITORIES – Meters away from the concrete and steel fence separating the Gaza Strip from Egypt, 11-year-old Malak Ayad flies a...
  • Despite the war and the fear that grips her, Malak seems to be happy to fly her kite and dreams of life as it was before the war broke out on October 7.
  • "My kite flies to Egypt everyday while we are here trapped in Gaza," said Malak, who wears a bracelet featuring the Palestinian flag.

Global football stars choose Red Sea destination for holiday

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
  • Among the football stars were Cristiano Ronaldo, Fabinho Tavares, Roger Ibanez and Roberto Firmino.
  • They also engaged in various water sports and marine activities, making the most of their time.

Death toll in Israeli strikes on Syria climbs to 52, says monitor

Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
  • They targeted "a rocket depot belonging to Lebanon's Hizbollah" near the Aleppo airport in northern Syria, the war monitor said.
  • Israeli strikes on targets in Syria have increased since Israel's war against the Hizbollah-allied Hamas group in the Gaza Strip broke out on October 7.