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…
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…
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…
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…
NEW YORK CITY: Saudi Minister of Foreign Affairs Prince Faisal bin Farhan met with the Minister of Foreign Affairs of Iran Abbas Araghchi on Sunday on the sidelines of the 79th session of the United Nations General Assembly in New York. The two ministers discussed relations and ways to enhance them in various fields, the importance…
JERUSALEM: Israel’s military began carrying out fresh strikes against Hezbollah positions in Lebanon on Monday after identifying that the Iran-backed group was preparing to attack Israel, the military spokesperson said.Spokesperson Rear Admiral Daniel Hagari said the military had issued a message to residents of south Lebanon to keep their distance from Hezbollah posts.Asked by reporters…
RIYADH: Saudi foreign minister Prince Faisal bin Farhan on Saturday held a phone call with his Algerian counterpart Ahmed Attaf, state news agency SPA reported. During the call, the two ministers discussed Gaza developments and reiterated the need for increased coordination to achieve a ceasefire. They also emphasized “intensified efforts to halt the ongoing Israeli escalation and…
TEHRAN: A gas explosion in a coal mine in Iran’s South Khorasan Province killed at least 28 people and injured 17, state television said on Sunday, with 24 people still missing.The accident was caused by a methane gas explosion in two blocks of the mine run by the Madanjoo company, state TV said. There were…
RIYADH: After almost two years of rate hikes, the US Federal Reserve has slashed interest rates by half a percentage point to a range of 4.75-5 percent, but what does this mean for the startup and venture capital ecosystem? The relationship between the US Federal Reserve and the global startup ecosystem is somewhat complicated. Washington’s…
PARIS: It’s around 3:30 in the afternoon on September 17. People in Lebanon are going about their daily business, doing the shopping, having a haircut, conducting meetings.Hundreds of pagers across the country, and even outside its borders, then simultaneously bleep with a message and explode, wounding and killing their owners and also bystanders.The communications devices…
