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…
BENGHAZI: Libya’s oilfield closures spread on Wednesday as the Sarir field almost completely halted output, two field engineers told Reuters, amid a political dispute over control of the central bank and oil revenue.Authorities in the east, where most of Libya’s oilfields lie, declared on Monday that all production and exports would be halted.Sarir was producing…
RIYADH: Saudi Arabia’s King Salman arrived in Riyadh from Jeddah on Wednesday, Saudi Press Agency reported. He was received at King Khalid International Airport by the Deputy Governor of Riyadh Region Prince Mohammed bin Abdulrahman bin Abdulaziz. The king left Jeddah earlier on Wednesday, SPA said.
In a groundbreaking move to bring the creative talent of Oman into the spotlight, Muscat Media Group (MMG) has announced the launch of The Oman Marketing Initiative Awards (TOMI Awards). For the first time ever, these awards aim to honour the brilliant advertising campaigns that often go unnoticed in Oman’s fast-paced media landscape. Star-studded launch ceremony…
BAGHDAD: An Iraqi criminal court on Tuesday issued arrest warrants for a businessman and a former government official wanted over their alleged involvement in stealing $2.5 billion of public funds.The scandal, dubbed the “heist of the century,” sparked widespread anger in Iraq, which is ravaged by rampant corruption, unemployment and decaying infrastructure after decades of…
ALULA: AlUla’s palm farms are making a significant contribution to the regional economy with the production of more than 100,000 tonnes of dates each year. Spanning approximately 16,579 hectares with over 3.1 million palm trees, the farms are currently mid-harvest, with the season running from Aug. 15 to Oct. 30. The main variant harvested is…
Riyadh: People are more likely to invest in things they feel connected to, according to the founder and president of Works Collective, Nate Morley, speaking on a panel titled “Cultural Crossroads in Games” on the second day of the New Global Sport Conference in Riyadh. The panel brought together creative professionals from diverse fields, including…
JEDDAH: Saudi Arabia’s housing sector has strengthened its international partnerships by signing five key agreements on real estate development and financing with major US companies. The deals aim to enhance the Kingdom’s mortgage refinancing market, expand property funding, and attract foreign investments. The country’s housing program has transformed the sector by expanding financial access, streamlining…
RIYADH: The Kingdom’s aid agency, KSrelief, continues to offer healthcare to displaced persons in Yemen, Jordan and Iraq. KSrelief’s mobile medical clinics in the Wallan camp of the Hajjah governorate helped 444 Yemenis over the month, offering emergency care, disease control, internal medicine, reproductive health, nursing, surgery, and dressing services. In Jordan, KSrelief provided vital…
RIYADH: The Ministry of Hajj and Umrah has announced the Direct Umrah Program, which allows companies to serve pilgrims directly, ensuring high-quality standards without intermediaries. The aim is to enhance pilgrims’ experiences through visits to historical sites linked to the Prophet’s life and discovering the Kingdom’s attractions. The program supports service providers, encouraging companies to…
