Saudi tourism sector employee number rises by 5.1 percent in second quarter
Riyadh, Saudi Arabia – The number of employees in tourism-related activities in Saudi Arabia increased by 5.1 percent in the...
Business
US stocks mostly rise ahead of expected rate cut, bitcoin hits new record
The Fed is widely expected to cut its key lending rate for a third straight time, reducing it by a...
Business
Business
Saudi ports handle more than 2 million containers in first quarter
Riyadh, Saudi Arabia -- The number of containers handled by Saudi ports in the first quarter of 2023 grew by...
- Transshipment containers witnessed an increase of 14.96 percent and 778,056 containers compared to 676,826 containers in the first quarter of 2022.
- A total of 258,051 cars were imported, an increase of 35.52 percent over the first quarter of the previous year, which recorded 190,422 cars.
Business
Trina Solar revenue up 83%
Trina's market share of 210mm module shipments was more than 50%.
- Trina Solar’s main businesses, including PV products, PV systems and smart energy, all registered strong growth, the company said in a statement.
- The company also unveiled that its module shipments in 2022 totaled 43.09GW and cumulative module shipments exceeded 140GW by the end of March 2023.
Geostrategy
UN holds Afghanistan crisis talks in Qatar, without Taliban
Envoys from the United States, China and Russia as well as major European aid donors and key neighbors such as...
- Women have been barred from most secondary education and universities and prevented from working in most government jobs as well as UN agencies and NGOs.
- The UN said the meeting "is intended to achieve a common understanding” on how to engage with the Taliban" on women's rights, inclusive governance, countering terrorism.
Business
Small reactor startups vie to push US into new nuclear era
Small modular reactors -- or SMRs -- similar to the ones currently powering submarines, are touted as the future of...
- Americans remain divided on the use of nuclear energy, although the percentage of those who oppose it has fallen from 54 percent in 2016 to 47 percent in 2022, according to poll.
- Despite the Biden administration's stated support for nuclear power, there are no new projects underway for any traditional nuclear reactors.
Business
Arab Bank Q1 profit $216m
The first-quarter profit increased by 30% compared to Q1 2022.
- The Group's total equity was $10.4 billion as loans grew to $35.4 billion and deposits reached $47.7 billion.
- Excluding the impact of devaluation of several currencies against the US dollar, loans and deposits grew by 3 percent and 4 percent, respectively.
Geostrategy
Iran’s President Raisi to visit Damascus as Jordan hosts Syria meet
The visit comes against the backdrop of a rapprochement between regional rivals Iran and Saudi Arabia, and increased Arab engagement...
- Monday's meeting in Amman will bring together foreign ministers from Egypt, Iraq, Jordan, Saudi Arabia and Syria to discuss ending Syria's isolation.
- Jordan called the gathering "a continuation of the consultative meeting of the countries of the GCC, Jordan, Iraq and Egypt, which was hosted by Saudi Arabia" in mid-Apri.
Economy
Qatar’s economically active population up by 3% in Q4 2022
The Labor Force Sample Survey for the October-December 2022 period shows the percentage of male and female wage workers reached...
- The number of economically active males was 95.4 percent and females 63.4 percent. The people in the 25-34 year age group were the most economically active part of the workforce.
- The percentage of unemployed people increased by 1.3 percent to reached 0.1 percent-- 51 percent of the jobseekers being males and the rest females.
Business
Inheritance, investments raise King Charles’ fortune to $754m
London, United Kingdom -- Through inheritance, royal estates and shrewd investing while a prince, Charles III will be crowned on May...
- Queen Elizabeth II bequeathed her son an estimated £360 million ($448 million) upon her death in September last year, boosting Charles's fortune to £600 million.
- Balmoral Castle in northeast Scotland, where the royal family spends its summers, and the Sandringham estate in eastern England were left to Charles.
Science
UAE’s Sultan AlNeyadi achieves groundbreaking milestone as first Arab to perform spacewalk
The mission objectives included crucial tasks such as routing power cables and retrieving a Radio Frequency Group unit, contributing to...
- The mission objectives included crucial tasks such as routing power cables and retrieving a Radio Frequency Group unit, contributing to the station's operational capabilities
- Prior to Sultan AlNeyadi's spacewalk during Expedition 69, thorough safety checks were conducted to address challenges such as radiation, extreme temperatures, and space debris
Geostrategy
Saudi authorities foil attempt to smuggle 4 million captagon tablets
Riyadh, Saudi Arabia -- Saudi customs authority foiled an attempt to smuggle more than 4 million tablets of captagon through...
- On Tuesday, Saudi Arabia announced the seizure of more than 12 million amphetamine pills hidden in a shipment of pomegranate fruit.
- The vast majority of the region's captagon is produced in Syria and Lebanon and smuggled to its main consumer market in the Gulf.
Saudi tourism sector employee number rises by 5.1 percent in second quarter
Riyadh, Saudi Arabia – The number of employees in tourism-related activities in Saudi Arabia increased by 5.1 percent in the...
Business
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Amazon to invest $17bn in Spain
Business
Travellers rush to leave Lebanon amid spiking tensions
Several airlines including Lufthansa and Air France have delayed or suspended flights to Lebanon, and countries have issued urgent calls...
Geostrategy
Thousands bid farewell to Ismail Haniyeh in Qatari capital
Haniyeh was laid to rest in Lusail, north of the capital Doha, following funeral prayers at the Gulf emirate's largest mosque...
Geostrategy
Iran, allies ready Israel response as funerals held for Haniyeh, Shukr
Hezbollah chief Hassan Nasrallah, addressing the funeral of the Lebanese group's top military commander, said Israel and "those who are...
Geostrategy
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Geostrategy
UNSC to hold emergency meeting over Hamas chief’s killing
The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for...
- Iran's UN envoy Amir Saeid Iravani called on members to "condemn unequivocally and strongly the acts of aggression and terrorist attacks" by Israel.
- He also urged council members to take "immediate action to ensure accountability for these violations of international law," including potential sanctions.
Arts & Culture
World Rally Championship to add Saudi Arabia race to calendar
Paris, France -- World Rally Championship announced Wednesday that it will add races in Saudi Arabia, the Canary Islands and Paraguay...
- Rally Saudi Arabia will end the season on November 27-30 with the event in the Spanish archipelago on April 24-27 and the race in South America on August 28-31.
- It also added the Canary Islands and Paraguay to its calendar next year. Rallys in Croatia, Poland and Latvia are no longer on the circuit.
Business
Day after UAE-Chile CEPA, Dubai Chambers and Pro-Chile sign MoU
Under the MoU, both parties will coordinate events aimed at strengthening ties between exporting companies from Dubai and Chile and...
- The CEPA is projected to increase non-oil bilateral to $750 million by 2030, more than doubling the US$306 million shared in 2023.
- Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said the CEPA is expected to come into effect within the next six months.