RIYADH: Saudi Arabia’s top 10 listed banks saw their earnings surge by 8 percent in the first quarter of 2024, reaching SR18.65 billion ($5 billion) compared to the corresponding period of the previous year. The increase in earnings can be attributed to several factors, including an 11 percent growth in lending and a rising interest…
MADRID: Spain on Monday pledged one billion euros in military aid to Ukraine as Prime Minister Pedro Sanchez and Ukraine’s President Volodymyr Zelensky signed a security deal in Madrid. The deal “includes a commitment for one billion euros in military aid for 2024,” Sanchez told a joint news conference “It will allow Ukraine to boost its…
RIYADH: Saudi Arabia’s Minister of Economy and Planning Faisal Al-Ibrahim on Monday met Executive Director of the UN Office in Vienna Ghada Waly in the Austrian capital, Vienna. During the meeting, the two discussed “collaboration between the Kingdom and the UN on the Sustainable Development Goals and other topics of common interest,” the ministry said…
LONDON: On July 11 last year, 68-year-old Nora Ghaith and her husband Mustafa Sub Laban lost their battle to hold on to their home in Jerusalem’s Old City — in which Ghaith was born — when Israeli police broke down their door and forcibly evicted the elderly couple. The eviction of the last remaining Palestinians…
Algiers: The Sultanate of Oman, represented by the Council of Oman, on Sunday participated in tasks of the 36th conference of the Arab Parliamentary Union, being held in the People’s Democratic Republic of Algeria. The two-day conference discusses the current situation in the Arab region, the challenges facing joint Arab action, and ways to enhance cooperation…
DEIR AL-BALAH, Gaza Strip: Hamas fired a barrage of rockets from Gaza that set off air raid sirens as far away as Tel Aviv for the first time in months on Sunday in a show of resilience more than seven months into Israel’s massive air, sea and ground offensive.There were no immediate reports of casualties…
RIYADH: Saudi Arabia and Norway hosted a meeting on a coordinated approach to the recognition of Palestine in Brussels on Sunday. The meeting discussed the urgent need to end the war in Gaza and take the necessary steps to implement a two-state solution, Saudi Press Agency reported. It was attended by ministers and representatives of…
Trade between the two region grew at a CAGR of 8% Bilateral trade in goods between the GCC and Africa grew by a compound annual growth rate (CAGR) of eight per cent in the ten years to 2022, and looks set to remain intact in the years ahead, a study showed. According to a report…
Faisal bin Saud Al Mejfel says he hopes to strengthen the bilateral bonds between the two brotherly nations Saudi Arabia named a new ambassador to Damascus on Sunday, state media said, more than a year after the two Arab nations resumed ties following a prolonged rift over Syria’s war. The official Saudi Press Agency said…
KYIV: A Russian strike on Saturday hit a store selling building materials in the eastern Ukrainian city of Kharkiv, killing at least two people, its mayor said.“We know for sure about two dead,” Kharkiv mayor Igor Terekhov wrote on Telegram, saying that according to preliminary information the strike hit a hypermarket for construction materials in…
