Riyadh, Saudi Arabia--The Heritage Commission and the German Max Planck Institute (MPI) of Geoanthropology in the Green Arabia Project revealed one of the most significant sites of the prehistoric period near Jabal Irf in Hail region. The scientific team that participated in the project—including researchers and specialists from the Kingdom,...

The company expects to raise around $1.58 billon.

PARIS, FRANCE - A new roadmap to reduce the environmental risks from chemicals and waste was adopted at a United Nations conference on Saturday as part of a drive to manage damaging chemical exposure. The Global Framework on Chemicals was adopted by governments, companies, and NGOs at the fifth International Conference...

Bad weather over the past week had prevented those fleeing North Africa to venture the risky Mediterranean crossing. The earlier surge pushed the migration issue once more to the top of the European agenda, with Italy's hard-right government demanding more help from Brussels.

Part of the aim of the revised policy is for European Union countries to act together should they be faced with a sudden large inflow of asylum-seekers, as happened in 2015-2016 when hundreds of thousands of migrants arrived, most of them Syrians fleeing the war in their country.

TEL AVIV, ISRAEL - Israel's US$3.5-billion sale of its Arrow 3 missile defense system to Germany, sparked by security fears after Russia's Ukraine invasion, is the biggest yet for the small country's outsized arms sector. With its armed forces steeled by a tragic history of war, Israel is now the ninth...

Scholz's government had promised to build 400,000 homes a year to alleviate an endemic housing shortage made worse by burgeoning demand from an inflow of refugees and foreign workers. But building permits have nose-dived 25 percent between January and June compared to a year ago.

Iran's foreign ministry said that the move to withdraw accreditation from several of the UN's nuclear watchdog inspectors was in retaliation for "political abuses" by the United States, France, Germany and Britain. But IAEA director general Rafael Grossi said that this would seriously hamper the ability of the IAEA to...

Tel Aviv, Israel - Israel's Prime Minister Benjamin Netanyahu has welcomed the launch of the ambitious India-Middle East-Europe Economic Corridor (IMEC) as the "largest cooperation project in our history" that will have a profound impact on the Middle East, Israel, and the world. Leaders from the United States, India, Saudi...

Birkenstock employs around 6,200 workers globally.

Abu Dhabi, UAE-- Looking to exchange expertise and explore potential synergies in hydrogen and carbon trading, an industry workshop was organized under the Emirati-German Energy and Climate Partnership. The workshop was organized by the UAE's Ministry of Energy and Infrastructure (MoEI) and the Federal Ministry for Economic Affairs and Climate...

The German firm will hold "open-ended" talks with ADNOC.

Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the overall value of sovereign Russian assets, blocked by the West, at $280 billion. “The total value of assets <…> is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury...

The group invests in information, communications and technology sectors.

Doha, Qatar -- More than 2.56 million people visited Qatar from January to August 25, which is more than the full-year arrivals in 2022 and marking a 157 percent increase over the same period last year, according to Qatar Tourism. Qatar Tourism said in statement that the latest achievement bears...

Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon.

Brussels, Belgium - The annual rate of inflation in the eurozone remained unchanged in August as there was a smaller drop in energy prices, the EU's official statistics agency said Thursday. Consumer prices reached 5.3 percent in August, although there was also a slowdown in the rise of food and drinks...

Riyadh, Saudi Arabia  -  Saudi Arabia and Germany have decided to strengthen cooperation in the industrial and mining sectors.   A delegation from Saudi Arabia's Ministry of Industry and Mineral Resources, led by Eng. Fares Al-Saqaabi, the Undersecretary of the Ministry for Human Capacity Development, engaged in a series of productive...

Tehran, Iran -- Trade between Iran and the European Union member states reached 2.3 billion euros ($2.5 billion) in the first half of 2023, according to Statistical Office of the European Union (Eurostat). Trade between Iran and Germany accounted for half the value, Tasnim News Agency reported, adding the Iran-EU...

Muscat, Oman-- Oman LNG has signed an agreement with Securing Energy for Europe (SEFE) to supply 400,000 tonnes of liquefied natural gas a year from 2026. According to Oman News Agency, the agreement with the German company is based on a four-year contract. “The term-sheet signing with SEFE marks another...

Representatives from around 40 countries including China, Germany, India and the United States took part in last weekend's gathering in Jeddah, though Russia was not invited. "It makes sense for us to continue these talks, because they increase the pressure on Russia to realize that it has taken the wrong...

Paris, France -- Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany, part of a push to put Europe at the center of the global semiconductor industry. The United States and China are embroiled in a fierce rivalry to dominate the chip industry, and Europe...

The group expects full-year net loss of around $4.94bn.

Adidas now expects to end the year with an operating loss of $492m.

The German airline's net profit climbed to US$964m in Q1.

Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the World Trade Statistical Review 2023, issued by the World Trade Organization, while trade in goods exceeded pre-pandemic levels already in 2021, trade in services caught up in 2022. China remained...

Singapore, Singapore - Liverpool manager Jurgen Klopp on Tuesday urged football authorities to address the late closure of the transfer window in the Saudi Arabia league, fearing it may have a detrimental effect on European clubs. Speaking in Singapore on the eve of his team’s pre-season friendly against German champions Bayern...

Lebanon's deeply divided political class has failed to agree on a replacement for Salameh, 73, creating another power vacuum in a country that also has no president and is ruled by a caretaker government. Salameh, who held the post for 30 years, is a key figure of the Lebanese political...

Amman, Jordan--Jordan's exports to the European Union (EU) shot up 23.4 per cent during the first five months of 2023 to $192 million compared to $155 million for the same period last year. According to Jordan News Agency (Petra), foreign trade data issued by the Department of Statistics indicated an...

Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid". In 2021, UEFA initiated...

The UAE's firm signed an agreement with Iberdrola to co-invest in the 476-megawatt Baltic Eagle offshore wind farm in the German Baltic Sea. The Spanish company will have a majority stake of 51 percent in the investment, which will accelerate green-energy security in Europe. Iberdrola will control and manage the...

The IMF said the global inflation picture has improved somewhat, with consumer prices now forecast to increase by 6.8 percent this year, down 0.2 percentage points from the previous forecast in April.

The painful PMI data comes as the European Central Bank is eyeing a further rate hike this week in its quest to tame inflation.

BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis. "We decided to send banks, starting in September, a request for information on a weekly basis, in order...

When Morocco's women take on two-times former champions Germany in Melbourne they will be the first Arab team to play at a Women's World Cup, months after the men's historic run to the semi-finals in Qatar. The country is still buzzing from what their men did at the Qatar World...

Paris, France - The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday. The rapid development of artificial intelligence -- with tools that can generate essays, create images and even pass...

BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior officials at the crisis-hit country's top financial body told AFP on Thursday. The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the...

Commercial launch of self-driving vehicles is planned for 2026.

President Emmanuel Macron informed Berlin he was postponing a state visit to deal with the urban rioting that has rocked France for the last four nights, as the 17-year-old whose killing by police sparked the protests was laid to rest. Police arrested 1,311 people overnight, the highest figure since the...

BMW's Pretoria plant has made over 1.6 million vehicles.

BERLIN, GERMANY - On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation. But the picture painted by business leaders and experts is less rosy, predicting hard times to come for Europe's largest...

FRANKFURT, GERMANY -  Shares in Siemens Energy plummeted on Friday after the company warned that technical problems at its wind turbine unit were worse than previously thought. The group scrapped its full-year profit target and said it was setting aside more than US$1.1 billion (1 billion euros) over the coming years...

The German group will sell AirPlus to Sweden's SEB Kort Bank.

Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports. According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China,...

Riyadh, Saudi Arabia-- Saudi Arabia is aiming to establish a slew of business partnerships in healthcare and mining sectors with companies in the UK, Germany, besides discussing humanitarian cooperation in Spain. In this connection, Saudi officials are engaged in productive meetings to strengthen partnerships and explore collaborations.  Saudi minister of...

BERLIN, GERMANY - German industrial giant Siemens said on Thursday it would build a new high-tech factory in Singapore and expand another in China as part of a two-billion-euro ($2.1 billion) investment plan to build up its manufacturing capacity. Siemens said it would invest around 200 million euros in the Singapore...

The hike was the highest since 2001, despite a darkening economic outlook. The ECB increased rates by another 25 basis points, taking the closely watched deposit rate to 3.50 percent -- its highest level since 2001. "Inflation has been coming down but is projected to remain too high for too...

The partnership along with German group BayWa r.e. will beef up capacity in Meyer Burger's Arizona production facility from 1.6 gigawatts to two gigawatts, and create over 500 skilled manufacturing jobs. The announcement is expected to spark anguish in Germany, which fears that the IRA could lure investments away from...

Saudi Arabia announced that it would jointly lead a conference on the humanitarian response to the war in Sudan next week. The pledging conference will be held on June 19, the official Saudi Press Agency said, citing the foreign ministry, adding it would be jointly led with Qatar, Egypt, Germany,...

A landmark deal in 2015, formally known as the Joint Comprehensive Plan of Action (JCPOA), gave Iran sanctions relief in exchange for curbs on its nuclear program to guarantee that Tehran could not develop a nuclear weapon -- something it has always denied wanting to do.