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…
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…
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….
RIYADH: A second water aerodrome is set to be opened in the Red Sea tourist development after an operating license was secured, it has been announced. The move means passengers will be able to arrive on Sheybarah Island, home to the Shebara resort, by seaplane – with the facility opening to guests in September. General…
RIYADH: The cultural and economic value of camel products in contemporary fashion has been highlighted by the Saudi Fashion Commission as part of the “Fashion Future” initiative, which coincides with the International Year of the Camelids 2024. In a research paper titled “Camel … Contemporary Fashion,” the commission underlined the role of camel products in…
New Delhi: Aviation safety regulator the Directorate General of Civil Aviation (DGCA) has placed Spicejet under ‘enhanced surveillance’ with immediate effect. A senior DGCA official said that based on reports of cancellation of flights and financial stress being experienced by Spicejet Airlines, a special audit of Spicejet engineering facilities was conducted on the August 7 and…
RIYADH: Saudi Arabia’s burgeoning interest in manga and anime, a trend that can be traced to the 1970s, is helping to usher in a revolution in cultural production. These Japanese art forms have captivated audiences of all ages, gaining significant popularity in recent years. Their ability to combine entertainment, culture and education has made them…
RIYADH: The Kingdom’s aid agency KSrelief has provided more than 5.6 million liters of water to vulnerable people in the Al-Khawkhah directorate of Hodeidah, Yemen, the Saudi Press Agency reported on Friday. The agency pumped 2.79 million liters of drinking water and 2.85 million liters of non-potable water into local tanks in July, the report…
KUWAIT/GAZA: Kuwait on Tuesday voiced condemnation and denunciation of recent remarks by a Zionist occupation minister calling for establishing a synagogue at Al-Aqsa Mosque in a bid to wipe out the religious identity and legal status of the holy site. Zionist National Security Minister Itamar Ben Gvir had told Army Radio that if it were possible,…
Muscat: Net income reported by listed banks in the GCC reached a new record high during the second quarter of 2024 after four out of the six country aggregates showed growth as compared to the first quarter of 2024, according to a new report. “Aggregate net profits reached $14.8 billion during the quarter as compared to…
