GCC News

4th edition of Omani-Bahraini Products Exhibition kicks off in Salalah

Muscat: The Omani-Bahraini Products Exhibition in its fourth edition, organised by the Omani-Bahraini Friendship Society, in cooperation with the branch of the Oman Chamber of Commerce and Industry in the Dhofar Governorate and the Embassy of the Kingdom of Bahrain to the Sultanate of Oman, opened today in the Wilayat of Salalah. It will last…

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Sudan’s agriculture minister says there is no famine in the country

CAIRO/DUBAI: Sudan’s agriculture minister said there is no famine in the country and cast doubt on UN-backed data that 755,000 are experiencing catastrophic hunger, rejecting the idea of aid agencies overriding cross-border delivery restrictions.Sudan has become the world’s worst hunger crisis since the outbreak of a war between the Sudanese army, whose head is also…

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Saudi airline flynas to buy 160 Airbus planes

RIYADH: Saudi low-cost airline flynas has signed a deal to purchase 160 Airbus aircraft, doubling the volume of its orders to 280 planes.  The “landmark agreement,” signed at the UK’s Farnborough International Airshow, includes an order of 30 wide-body A330neo aircraft and 130 narrow-body A320 family aircraft, the carrier said in a statement. This falls…

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Princess Nourah University launches academic acceleration scheme

RIYADH: The Deanship of Admission and Registration at Princess Nourah bint Abdulrahman University launched the Academic Acceleration System for the 2024-2025 academic year targeting secondary education female students admitted to the university. The system aims to accelerate the educational path for female undergraduates according to their abilities and educational excellence, enabling them to graduate sooner….

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Gold traders in Oman express cautious optimism after India cuts import duty

MUSCAT: Gold traders and jewellers in the Sultanate of Oman have expressed cautious optimism about a potential surge in gold purchases by Indian expatriates following the Indian government’s decision to reduce customs duties on gold and silver from 15 percent to 6 percent. Local traders believe that this reduction will encourage expatriates to buy more gold,…

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First edition of Olympic Esports Games to be held in Saudi Arabia in 2025

PARIS: The International Olympic Committee announced on Tuesday that the first edition of the Olympic Esports Games will be held in Saudi Arabia in 2025. The international Olympic body unanimously endorsed the proposal by the executive board during the 142nd IOC Session in Paris.The Saudi Minister of Sport and President of the Saudi Olympic and…

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Saudi minister targets food production localization and aviation cooperation during Brazil visit

RIYADH: Food production localization and aviation were areas of focus as a senior Saudi minister met with leading Brazilian companies during a trip to the South American country. The Kingdom’s Minister of Industry and Mineral Resources, Bandar AlKhorayef, held talks with executives from Minerva Foods and JBS, which are prominent in the red meat and…

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Development of Riyadh’s King Abdulaziz Park gets underway

RIYADH: A three-year project to develop King Abdulaziz Park in the nation’s capital is underway following the completion of a design competition, the Royal Commission for Riyadh City announced on Wednesday. The winning design was one of several presented by four international companies and once completed will cover about 4.3 million sq. meters. It comprises…

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Global media watchdogs, human rights groups call on Biden to pressure Netanyahu regarding rising journalist deaths in Gaza

In letters signed by the Committee to Protect Journalists and seven other human rights and press freedom organizations, President Joe Biden is being urged to press Israeli Prime Minister Benjamin Netanyahu on the rising number of journalists killed in the Gaza Strip and the near total ban on international media entering the enclave. The letters…

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Saudi Arabia closes July sukuk issuance at $856m 

RIYADH: Saudi Arabia completed its riyal-denominated sukuk issuance for July at SR3.21 billion ($855.7 million), according to the National Debt Management Center.   The level once again remained above SR3 billion, following a June issuance level of SR4.4 billion, SR3.23 billion in May, SR7.39 billion in April, and SR4.4 billion in March.  NDMC revealed that the Shariah-compliant…

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