Consumers in Saudi Arabia dial up electronics spending, latest POS data reveals

RIYADH: Consumers in Saudi Arabia spent SR247.2 million ($65.8 million) on electronics from Sept. 15 to 21, reflecting an 18.3 percent rise compared to the previous week, according to central bank data. The weekly point-of-sale bulletin released by SAMA revealed that spending in the hotels sector also rose, reaching SR292.4 million, marking an 18.2 percent weekly…

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US, France and allies call for ‘immediate’ 21-day ceasefire between Israel and Hezbollah

NEW YORK: The US, France and other allies jointly called Wednesday for an “immediate” 21-day ceasefire to allow for negotiations in the escalating conflict between Israel and Hezbollah that has killed more than 600 people in Lebanon in recent days.The joint statement, negotiated on the sidelines of the United Nations General Assembly in New York,…

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At UN open debate, Saudi FM says violators of international law must be held accountable without favor

RIYADH: Saudi Arabia’s Foreign Minister said restoring respect for international conventions and norms comes through the application of international law and international humanitarian law, and holding violators accountable without being selective. Prince Faisal bin Farhan said the absence of serious international action to stop the ongoing Israeli military escalation is conclusive evidence of the shortcomings…

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Saudi climate envoy meets UN official in New York

RIYADH: Saudi Minister of State for Foreign Affairs Adel Al-Jubeir met with UN Environment Program Executive Director Inger Andersen at the 79th UN General Assembly in New York City on Tuesday. During the meeting, they discussed ways to enhance existing cooperation between the Kingdom and UNEP, as well as Saudi Arabia’s initiatives and programs to…

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Oman condemns Israeli airstrikes on Lebanon

Muscat: The Sultanate of Oman expressed its denunciation and condemnation of Israeli Occupation Forces (IOF) airstrikes on Lebanon’s territories. Oman noted that this action constitutes a serious escalation that undermines security and stability in the region and leads to the expansion of conflict in a manner that involves the region in further violence and instability. In…

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L&T wins new orders in Saudi Arabia, UAE

Dubai: The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won new orders in the Middle East for expanding and strengthening the electricity grids at high voltage levels. Saudi ArabiaThe different operating regions in Saudi Arabia’s national electricity network are being interconnected through High Voltage Direct Current links that enable exchange of power…

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MAGRABi, Rivoli Vision announce merger in shake-up for Middle East eyewear market

RIYADH: The Middle East’s eyewear market is set to be reshaped by a merger between MAGRABi Retail Group and Rivoli Vision which will see a focus on innovation and customer experience. According to Amin Magrabi, chairman of MAGRABi Retail Group, the deal will see store concepts integrated with digital platforms to offer a comprehensive range across…

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KSrelief, UNOPs discuss global humanitarian efforts

NEW YORK: Advisor to the Royal Court and KSrelief Supervisor General Abdullah Al Rabeeah met with Jorge Moreira da Silva, UN Under-Secretary-General and Executive Director of the UN Office for Project Services on Monday. During the meeting, held on the sidelines of the 79th session of the UN General Assembly, the two officials discussed ongoing…

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Kremlin says Israeli strikes on Lebanon risk destabilizing the Middle East

MOSCOW: The Kremlin warned on Tuesday that Israeli strikes on Lebanon had the potential to destabilize the Middle East and said it was very concerned by the evolving situation.Israel struck Hezbollah targets in southern Lebanon and the Iran-backed group attacked military facilities in northern Israel on Tuesday, increasing fears of a full-blown conflict after Lebanon…

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