Its net profit fell five percent to 13.1 billion kroner ($1.24bn).

A Jordanian citizen has died after being shot by Israeli forces in the West Bank, Palestinian authorities said, with the military accusing the man of aiding a fighter. Tawfiq Aed Fawaz Hussein, 25, was shot at Zeita junction north of the West Bank city of Tulkarm on Monday, the Palestinian...

Washington, United States - Four astronauts splashed down off Florida in the Gulf of Mexico on their return to Earth early Tuesday, following a more than six-month mission on the International Space Station. The SpaceX Crew Dragon spacecraft landed in the waters off Pensacola at 5:47 am (0947 GMT), with a...

The annual consumer price index (CPI) came in at 3.2 percent last month, the Labor Department said, while the "core" measure stripping out volatile food and energy prices edged down slightly to 3.8 percent.

"We are not near a deal, meaning that we are not seeing both sides converging on language that can resolve the current disagreement over the implementation of a deal," said foreign ministry spokesman Majed al-Ansari. He added that he could not "offer any timeline" on an agreement.

The company's fourth quarter revenue soared to $80.9 million.

Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with the Iraqi Minister of Electricity Luay Al-Khatteeb revealing that discussions are underway to utilize Iran's extensive network for the transportation of Turkmenistan's gas. Highlighting the challenges in establishing direct lines...

Dubai, UAE -- Dubai hotels achieved a 3.4 percent year-on-year growth in occupancy levels, reaching 90.8 percent, according to preliminary data for February released by CoStar, a provider of global real estate information, analytics, and online marketplaces. Other key metrics also showed positive growth, with the average daily rate (ADR)...

The company's board had decided 15% cash dividend for H2 2023.

Riyadh, Saudi Arabia -- Saudi Arabia's international reserve assets decreased by SAR 26.98 billion, or 2 percent, to SAR 1.619 trillion ($431.65 billion) in February 2024, compared to the previous month. On a yearly basis, the Kingdom’s foreign reserve assets plunged 5 percent, or SAR 78.2 billion, Argaam reported, citing Saudi...

Hamas ally Hizbollah and Israel have exchanged near-daily cross-border fire since the Gaza war erupted in October, but several Israeli strikes have recently hit Hizbollah positions further north, raising fears of a full-blown conflict. Hizbollah has repeatedly said it will only stop its attacks on Israel with a ceasefire in...

Beaten 1-0 in the first leg in the United Arab Emirates, Ronaldo took the quarter-final to penalties when he held his nerve from the spot in the 118th minute. His calmly taken spot-kick made it 4-3 on the night to the hosts, who had Ayman Yahya sent off in the...

It will partner with local schools to provide the training.

It will be its first foray into the electric vehicle sector.

Abu Dhabi, UAE--The technological and structural advancements in the UAE financial sector continues to enhance security, operational efficiency, accessibility of mobile banking applications, online banking and overall customer experience, according to the 4th Quarter Report of 2023 issued by the Central Bank of the UAE (CBUAE) on the Monetary, Banking...

Following talks with New Delhi, the two sides had agreed to complete a withdrawal of 89 Indian troops and their support staff from the nation of 1,192 tiny coral islands by May 10. Mihaaru said the three Indian aircraft - two helicopters and one fixed-wing plane - will be operated...

With the flow of food and other assistance slowed to a trickle, a UN report citing the territory's Hamas-run health ministry said 25 people have now died from malnutrition and dehydration, most of them children.

"Reports with statistics on the number, types, values, and uses of endowments enable us to make appropriate decisions regarding endowment affairs and the development and implementation of sustainable community development plans, in addition to drafting strategies for new endowment projects in the emirate," he adds.

Riyadh, Saudi Arabia - Muslim global high net worth individuals (HNWI) are prepared to spend US$ 1.96 billion on real estate in Makkah and Madinah, according to global property consultancy Knight Frank’s inaugural Destination Saudi report Knight Frank surveyed 506 Muslim global HNWI from nine countries to understand their attitudes,...

Abu Dhabi, UAE--The UAE construction market size was $94 billion in 2023 and the market will achieve an AAGR of more than 3% during 2025-2028, according to a report released by GlobalData, a data analytics and consulting company, headquartered in London. The growth is attributed to the increase in investments...

Logistical adaptations, strategic planning, and forecasting essential for addressing the unique demands of increased consumption during Ramadan, says Aramex's Tarek Abi Yaghi.

It will settle a civil suit linked to the disguising of imported vans.

Tech investors are increasingly in split camps on the development of AI and how the technology should advance. Companies such as Meta support an open source system in which researchers and other companies can access the technology's inner workings to develop new products or innovations.

Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to revive a sluggish economy battered by an ailing housing market, poor domestic demand and record-high youth unemployment. Top officials have been upfront about the myriad challenges China is facing, admitting...

As the Muslim world welcomed Ramadan with the customary daytime fast, many Gazans awoke to bombardment that saw residents once more search through the rubble of destroyed homes for survivors and bodies.

BUDAPEST, HUNGARY – Hungary's Prime Minister Viktor Orban has asserted that former US president Donald Trump told him during a meeting that he would "not give a penny" to the war in Ukraine -- a claim Trump's team did not comment on. Orban -- the only EU leader to have maintained...

WASHINGTON, US – Four astronauts left the International Space Station on Monday and were bound for Earth following a more than six month mission. Led by American astronaut Jasmin Moghbeli, NASA's Crew-7 arrived at the research platform last August aboard a SpaceX Crew Dragon. The same spacecraft undocked on Monday morning,...

Years of on-and-off attempts of banning the Chinese owned app have resurged in the United States with the introduction of a bill in Congress that could see the app forced to cut ties with its Chinese owner, Bytedance. The US House of Representatives could vote this week on the bill...

Beijing, China - The navies of China, Russia and Iran are staging joint drills in the Gulf of Oman this week, Beijing said Monday. The military activities -- to be conducted from Monday through Friday -- are aimed at "jointly maintaining regional maritime security", according to a statement published on social...

"We have witnessed month after month of civilian killing and destruction at a level that is unprecedented in all my years as Secretary-General," he said.

Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) rose to the fifth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $940.26 billion. PIF's assets rose by $163.6 billion, compared to $776.7 billion at the end of December 2023, according to the...

Dubai, UAE -- A total of 2,692 new companies joined Dubai Multi Commodities Centre (DMCC) last year, bringing the total number of companies in DMCC to over 24,000. In its 2023 Annual Report, DMCC said 2023 was its second-best year on record as companies continue to flock to its business...

Madinah, Saudi Arabia -- The United Nations Human Settlements Programme (UN-Habitat) has recognized Madinah for attaining Gold Level in the SDG Cities Global Initiative, becoming the first Saudi and Arab city, and the third internationally, to receive this recognition of achievement. Al-Madinah Region Development Authority said that the city was...

While 93 percent of companies in the kingdom have an AI strategy, only 8 percent feel fully prepared, according to the Cisco AI Readiness Index for Saudi Arabia. The biggest skills gap identified is comprehension of AI tools (31 percent). Thankfully, 82 percent of companies are investing in employee AI...

Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year. That comes after US authorities gave the green light this year to exchange-traded funds pegged to bitcoin's spot price, persuading some mainstream...

Dubai, UAE - The UAE's online shopping market is gearing up for unprecedented growth, with revenue projections hitting $9 billion by the end of 2024 and an impressive $17 billion forecasted for 2025. The trajectory is emblematic of the broader Middle East and North Africa (MENA) region's e-commerce landscape, poised...

The UN says that the vast majority of Gaza's 2.4 million people are on the brink of famine, particularly in the north where Israeli restrictions have hampered overland aid access. The health ministry in the Hamas-ruled territory said at least 23 people, almost all of them children, have recently died...

Hamas chief said in a televised speech that Israel was unwilling to meet Hamas's conditions for a deal that would have seen hostages held by fighters exchanged for Palestinian prisoners in Israel. Mediators had been pushing for a new truce in the war, now in its sixth month.

Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal, revealed in its Qatar's Property Report.  The report pointed out that despite a decrease in real estate transaction volume to QAR 16.7 billion ($4.6 billion) from QAR 21.2 billion ($5.82...

Ballots will also be cast in the four Ukrainian regions Moscow claimed to have annexed in 2022, as well as the Crimean peninsula, seized in 2014. Moscow is no longer worried about trying to present the vote as a legitimate democratic exercise to the West, or even Russian society.

His comments came one day after Biden said Netanyahu "must pay more attention to the innocent lives being lost as a consequence of the actions taken" in Gaza. His failure to bring home hostages has led to regular protests in Israel and calls for early elections, including in Tel Aviv...

Athens, Greece-- The UAE and Greece have held talks in Athens on a wide range of economic and strategic issues to deepen the cooperation between the two countries. In this connection, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, held several bilateral meetings...

Hollywood, United States - It is, in the words of its director, the story of the most important person who ever lived. And on Sunday, "Oppenheimer" completed its indomitable march towards Hollywood's most important prize, winning the Academy Award for best picture. Christopher Nolan's masterpiece -- the story of the brilliant...

Sheikh Mohammed bin Faisal will now lead the bank.

Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to cross $2.71 billion by 2029, says a report.

In his Ramadan message, King Salman while giving thanks for the blessings bestowed upon the kingdom said the war in Gaza would cast a shadow during the holy month. He said "our hearts are heavy with sorrow for the ongoing suffering of our Palestinian brothers facing relentless aggression."

In Saudi Arabia, the start of the holy month had been cast into doubt after some of the kingdom's observatories reported that the moon was obscured by "cloudy weather and dust particles". But final confirmation of the sighting came through the Al Majmaah University Astronomical Observatory in Riyadh.

Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership to launch a new air route in an effort to enhance air connectivity between the two countries. Beginning on April 8, China Eastern Airlines will introduce three weekly flights directly...

TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products worth US$5.5 billion to over 130 countries during the first eleven months of the year. Rouhollah Latifi, the spokesperson for the Trade Development Commission at the Iranian Ministry of Industry,...

Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has signed a contract with the sea shipping company Maersk to increase the number of containers transported on SAR trains between King Abdulaziz Port in Dammam and Riyadh Dry Port. SAR CEO Bashar Khalid Al-Malik and Maersk Saudi Arabia CEO Mohammad Shihab...