Saudi Arabia’s top banks see 8% earnings surge to $5bn in Q1 

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…

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Unity among Arab nations must to show their strength: Shura Council Chairman

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…

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Saudi Arabia, Norway host meeting on coordinated approach to recognition of Palestine in Brussels

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…

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Saudi Arabia appoints ambassador to Syria after more than a decade

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…

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