New shipping service to boost trade between Saudi Arabia and India

JEDDAH: A new shipping route connecting Jeddah to India’s major commercial hubs has been launched by a subsidiary of Saudi Arabia’s Public Investment Fund.   Folk Maritime Services Co., which specializes in regular liner and feeder services, will connect Jeddah Islamic Port on the Red Sea with the Asian country’s maritime hubs of Mundra and Nhava…

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GCC strengthens ties with Russia, India, Brazil at Riyadh summit

RIYADH: The 161st Ministerial Council meeting of the Gulf Cooperation Council, chaired by Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani and attended by GCC ministers of foreign affairs, was held in Riyadh on Monday. On the sidelines of the meeting, the GCC held three separate ministerial meetings with Russia, India…

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Chased away by Israeli settlers, these Palestinians returned to a village in ruins

KHIRBET ZANUTA: An entire Palestinian community fled their tiny West Bank village last fall after repeated threats from Israeli settlers with a history of violence. Then, in a rare endorsement of Palestinian land rights, Israel’s highest court ruled this summer the displaced residents of Khirbet Zanuta were entitled to return under the protection of Israeli…

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Saudi Arabia’s non-oil economy grows 4.9% in Q2: GASTAT 

RIYADH: Saudi Arabia’s non-oil activities expanded 4.9 percent year-on-year in the second quarter of 2024, driven by gains in the financial and insurance sectors, official data showed.   According to data from the General Authority for Statistics, the financial, insurance, and business services sectors surged 7.1 percent in the second quarter compared to the same period…

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Saudi Arabia’s Healthcare Sector: Leading the Charge in Medical Waste Management for a Greener Future”

RIYADH: When one imagines the worst culprits for commercial waste, many would rightly think of fast fashion, obsolete technology, and food retail. However, one surprisingly prolific offender is the medical community — responsible for vast amounts of non-biodegradable and often hazardous waste. Mindful of their environmental footprint, private medical facilities in Saudi Arabia are doing…

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Asteroid 2024 RW1 burns up in Earth’s atmosphere

Muscat: The Oman Astronomical Society has confirmed that a recently discovered asteroid, 2024 RW1, burned completely while passing through the Earth’s atmosphere. The asteroid was small and posed no danger to the surface. Dr. Ishaq bin Yahya Al-Shuaili, Chairman of the Board of Directors of the Oman Astronomical Society, explained that the asteroid was discovered…

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Saudi fintech industry rakes in $1bn in revenues, says top SAMA official

RIYADH: Saudi Arabia’s fintech sector has become a major player in the country’s financial services landscape, with companies generating over SR3.75 billion ($1 billion) in revenues and reaching millions of customers daily. “The Saudi fintech sector has made substantial progress over the past five years to the point where it is now firmly established as…

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