Four European nations urge Israel to end West Bank ‘settler violence’
"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...
Geostrategy
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
Geostrategy
Arts & Culture
London hosts showcase for world’s biggest grand opera in Arabic
London, United Kingdom -- The production operations of Zarqa al-Yamamah Opera, the first grand opera to be produced by Saudi Arabia...
- The Zarqa al-Yamamah Opera is set to begin in Riyadh in mid-April and extend to multiple local and international performances.
- Zarqa Al-Yamamah is a legendary character in Arab history during the pre-Islamic era.
Geostrategy
Russian opposition leader Alexei Navalny dies in prison
Western governments immediately attacked the Kremlin over the death of the most outspoken critic of President Vladimir Putin. Navalny lost...
- The 47-year-old was Russia's most prominent opposition leader and won a huge following with his criticism of corruption in Vladimir Putin's Russia.
- Navalny's exposes, posted on his YouTube channel racked up millions of views and brought tens of thousands of Russians to the streets, despite Russia's harsh anti-protests laws..
Geostrategy
5 die in Israeli-raided hospital after oxygen cut: Gaza ministry
Palestinian Territories -- The health ministry in Gaza said five patients died Friday due to lack of oxygen at one...
- A witness, who declined to be named out of fear for their safety, said army snipers shot "at anyone who moved inside the hospital".
- Medical charity Doctors Without Borders (MSF) said on Thursday that shelling of the hospital had forced its staff to flee, leaving patients behind.
Business
solutions to pay 60% cash dividend
The company posted a 13 percent rise in net profit for 2023.
- The profit increase was mainly due to the SAR 587 million uptick in gross profit, as revenues grew year-on-year (YoY) by 25.4 percent.
- In Q4 2023, net profit fell 17.8 percent to SAR 162 million from SAR 197 million in Q4 2022.
Geostrategy
Israel sends troops into besieged Nasser hospital in Gaza’s Khan Yunis
The raid came after days of intense fighting between troops and Hamas around the Nasser hospital in Khan Yunis --...
- It has called the situation at Nasser "catastrophic", with staff unable to move bodies to the morgue because of the risks involved.
- The World Health Organization has described Nasser hospital as a critical facility "for all of Gaza", where only a minority of hospitals are even partly operational.
Business
IEA warns on plummeting oil stocks as growth in demand ebbs
"As the IEA celebrates its 50th anniversary this week, oil supply security remains as critical as ever," said the agency...
- The agency forecast that "the pace of expansion is set to decelerate further to 1.2 mbd in 2024, compared with 2.3 mbd last year".
- The reasons it gave for that were economic woes but also progress towards greater energy efficiency and the growing global market share of electric vehicles.
Business
Tabreed 2023 revenue up 9%
The company reported a net profit of $204 million.
- Tabreed’s Board of Directors has recommended a record high dividend payment of 15.5 fils per share in cash.
- Net cash from operating activities totaled AED 1.31 billion in 2023 (AED 1.35 billion in 2022), while free cash flows increased by 8 percent to AED 1.21 billion.
Business
UCC Holding signs contracts for seven Kazakhstan projects
Doha, Qatar -- UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan. The first...
- The first contract with QazaqGas includes two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA.
- The second contract includes the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region.
Business
AD Ports Group net profit up 6%
Revenue growth driven by ports, logistics, and digital clusters.
- The Group said it more than doubled year-on-year to AED11.68 billion, up 58% YoY to AED 8.71 billion on a like-for-like basis.
- General cargo volumes rose by 26 percent YoY to reach 40 million tons in 2023, compared with 31.7 million tons in 2022, 13 percent YoY on an LFL basis.
Economy
Saudi Arabia set to establish more smart industrial zones
Riyadh, Saudi Arabia - Saudi Arabia will establish more smart industrial zones, Minister of Municipal and Rural Affairs and Housing,...
- Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail revealed this at the conclusion of the inaugural Global Smart City Forum 2024 here on Tuesday
- Minister of Industry and Mineral Resources Bandar Alkhorayef who also attended the Forum, stressed the industry and mining sectors' increasing demand for smart industrial cities
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Four European nations urge Israel to end West Bank ‘settler violence’
"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...
Geostrategy
Company News
Latest News
Okonjo-Iweala’s second term: Trump’s disdain for WTO biggest challenge
Ngozi Okonjo-Iweala, the first woman and the first African to head the WTO, is the only candidate in the race,...
Geostrategy
Crypto boss Justin Sun eats banana art he bought for $6.2 million
Hong Kong, China -- Crypto entrepreneur Justin Sun on Friday fulfilled a promise he made after spending $6.2 million on an...
Arts & Culture
How are countries regulating the wild west of social media for minors?
Paris, France -- A handful of nations are trying to clean up social media with measures including robust privacy provisions and...
Geostrategy
Most Read
Interview
EVs just the start, urban mobility needs a holistic approach
Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.
- One of the biggest hurdles to EV adoption is ensuring a network of accessible, reliable charging stations.
- According to the Global EV Outlook 2024, public charging infrastructure is expected to increase sixfold by 2035, with a focus on cities.
Business
Adani Group says it lost nearly $55 billion as US bribery charges sparked rout
The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading...
- Gautam Adani, 62, is suspected of having participated in the $250 million scheme in bribes to secure lucrative government contracts.
- The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.
Business
Saudi Arabia sets Guinness record for largest food cluster
Riyadh, Saudi Arabia -- Saudi Arabia has set a Guinness World Record for the largest food cluster in the world...
- Jeddah Food Cluster, which spans over 11 million square meters, has set a new global benchmark.
- MODON announced ambitious plans for the cluster, targeting investments of up to SAR20 billion and creating 43,000 job opportunities by 2035.