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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.
  • Non-oil sectors fuel Saudi economic growth

    Amidst forecast of economic recovery of Saudi Arabia, a few sectors that have driven the Kingdom's Q2 growth include real...

    The overall Saudi Arabia's GDP in Q2 of 2021, according to the General Authority for Statistics, has been 1.8 percent

    The robust growth was witnessed in real estate (12 percent), non-oil manufacturing (15 percent), and wholesale, retail trade restaurants, and hotels (16.9 percent)

  • Saudi Arabia reaches out to France for stronger economic ties

    The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.

    The Minister of Investment of Saudi Arabia, Khalid bin Abdulaziz Al-Falih, is on an official visit to France

    He is accompanied by a high-level Saudi delegation from government agencies, national companies, and representatives of the private sector

  • Tunisia’s Saied reinforces presidential powers

    Under the current system, most of the executive power was in the hands of the government and the measures announced...

    Under the current system, most of the executive power was in the hands of the government and the measures announced by Saied clearly tip the balance in favour of the presidency

    The provisions, laid out in a series of decrees published in the official gazette, come almost two months after his initial power grab

  • German youths seek change after a lifetime of Merkel

    Many of her countrymen say her slowly-slowly approach stymied progress on burning issues such as climate protection and the digital...

    Some accuse the old-guard parties -- like the CDU or the centre-left Social Democrats -- of failing to bring about meaningful change.

    Young activists have also taken the government to court to force it to improve environmental targets.

  • Algeria closes airspace to all Moroccan planes

      Algeria said Wednesday it has closed its airspace to all Moroccan planes due to "provocations and hostile practices" by...

    The move comes after Algeria broke off diplomatic ties with Morocco on August 24, accusing it of "hostile actions"

    The decision was announced after a meeting of the High Security Council chaired by President Abdelmadjid Tebboune

  • US, Iran edge closer to resuming nuclear talks: Experts

    Talks between Iran and the five other countries still party to the 2015 Iran nuclear deal were launched in April...

    The deal gives IAEA inspectors access to surveillance equipment and to service cameras at Iranian nuclear facilities.

    Several Iranian analysts say both sides have realized the current path cannot be continued.

  • Woman turns home into school in war-torn Yemen

    Amina Mahdi had already been teaching children to read and write before the outbreak of the impoverished country's devastating war...

    More than 2,500 schools in the country are unfit for use, with some destroyed and others turned into refugee camps.

    UNICEF has estimated that two million children were without school even before the coronavirus pandemic.

  • US to donate 500m additional Covid vaccines to the world

    In his first speech to the UN as president, Biden told delegates that the US had put more than $15...

    The US and other rich countries drew flak for rolling out booster doses for their populations while much of the world faced vaccine shortages.

    Just 3.6 percent of Africa's eligible population has been inoculated, compared with an average of more than 60 percent in Western Europe.

  • Saudi Arabia workshop woos German investors

    The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.

    Saudi Arabia is opening up its economy while diversifying it to lessen its dependence on oil

    It is believed to have investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion)

  • US leftist Democrats object to Israel’s Iron Dome funding

    The row underlined that progressives are becoming increasingly skeptical of no-strings-attached aid to America’s key ally in the Middle East.

    The row underlined that progressives are becoming increasingly skeptical of no-strings-attached aid to America’s key ally in the Middle East

    Operational for a decade, the Iron Dome has intercepted and destroyed thousands of short-range rockets and artillery shells launched by Hamas militants from Gaza

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