GCC News

24 Fintech Day 2: Experts highlight Saudi Arabia’s unique role in shaping industry’s future 

RIYADH: On the second day of the 24 Fintech conference in Riyadh, experts and industry leaders took to the stage to discuss Saudi Arabia’s growing prominence in the global digital landscape. With an audience of investors, regulators, and innovators, panel discussions throughout the day highlighted the Kingdom’s rapid transformation into a fintech powerhouse, driven by…

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Reeling it in: Inside Saudi Arabia’s biggest fish market

RIYADH: On the Kingdom’s east coast is a bustling fish market, a testament to the region’s rich maritime heritage and farming practices that have passed down through generations. Established in 1947, the Qatif Central Fish Market was spearheaded by a local group of experienced individuals led by the late Hassan Kofair, who played a pivotal…

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Saudis take steps to prevent public-sector contracts crimes, says anti-corruption chief

RIYADH: Saudi authorities are working on several initiatives to prevent illegal activity in government procurement, the president of the Oversight and Anti-Corruption Authority, also known as Nazaha, said on Tuesday. Speaking at the UN in Vienna during an international meeting of government officials to discuss prevention of corruption, Mazin Al-Kahmous said the Kingdom has established…

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New Google Play Store feature lets users update or install three apps simultaneously

Washington: In a significant update to its app management capabilities, the Google Play Store has now introduced the ability to install or update up to three apps or games simultaneously. As per GSM Arena, this new feature, which has begun rolling out in select regions including India, marks a notable improvement over the previous system where…

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5 Saudi military officials promoted to key positions

RIYADH: Saudi Arabia’s King Salman has issued a royal order for the promotion of five senior military officials to key positions in the Kingdom’s armed forces, the Ministry of Defense announced on Sunday. Defense Minister Prince Khalid bin Salman conferred the officials with their new ranks at his office, the ministry said in a press…

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Saudi Aramco, Sumitomo Chemical waive $1bn debt for Petro Rabigh

RIYADH: Saudi oil giant Rabigh Refining and Petrochemical Co., known as Petro Rabigh, has had $1 billion in debt waived by its two largest shareholders as part of its refinery upgrade plans. According to a statement on Tadawul, Saudi Arabia’s Aramco and Japan’s Sumitomo Chemical Co. have each agreed to waive $500 million in revolving…

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Saudi king, crown prince offer condolences to Thai king over victims of floods and landslides

RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent condolences to King Maha Vajiralongkorn of Thailand over the victims of floods and landslides in various areas of the Southeast Asian nation. Heavy rainfall since August 16 caused widespread havoc across the kingdom, leaving at least 22 people dead and 20 injured, including…

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UAE President allocates vaccines, funding for polio vaccination drive in Gaza

LONDON: The president of the UAE has allocated vaccines and funding for a polio vaccination drive in Gaza following the reemergence of the virus within the territory, the Emirates News Agency reported on Friday. Sheikh Mohamed bin Zayed Al-Nahyan announced that the vaccination campaign would be supported by a $5 million pledge from the UAE….

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