Saudi Arabia sees nearly 50% surge in investment licenses in Q2 amid rising investor confidence

RIYADH: Private sector employment in Saudi Arabia reached 11.47 million by the end of July, up 0.5 percent from June, a new report showed. Data released by the National Labor Observatory showed that the total number of citizens employed in the private sector in Saudi Arabia reached 2.34 million, a monthly increase of 1,206 employees. … Read more

Turkiye to submit bid to join South Africa’s ICJ genocide case against Israel on Wednesday, minister says

Algiers: An Algiers court said on Monday that three rejected presidential candidates were placed under “judicial supervision” while 68 others, including elected officials, were temporarily detained as part of an investigation into electoral fraud.They are suspected to be involved in “signature selling” for the upcoming presidential election on September 7. Candidates need to accumulate a … Read more

Lebanon says two dead in Israeli strike

BEIRUT: Lebanon's health ministry said two people were killed Monday in an Israeli strike in the south of the country, where Hezbollah has traded daily fire with Israel since the Gaza war began in October. Since last week, tensions have risen between Iran and Tehran-backed groups, including Hezbollah, after the killing of a Hamas political … Read more

Oil Updates – prices slip, US recession fears offset Middle East supply worries

RIYADH: Growth in the UAE's non-oil private sector held steady in July but saw the slowest improvement in nearly three years, an economy tracker showed. According to the S&P Global Purchasing Managers' Index, Emirates' PMI fell to 53.7 in July from 54.6 the previous month as competitive conditions, rising price pressures and capacity overload weighed … Read more

Hurricane Debby takes aim at Florida’s Gulf Coast, expected to slog up East Coast

Almost 100 people have died and hundreds have been injured during the anti-government protests in Bangladesh DHAKA, Bangladesh: Nearly 100 people were killed and hundreds injured in anti-government protests across Bangladesh on Sunday, with protesters demanding the resignation of the prime minister and accusing them of “sabotage” and cutting off mobile internet. bid to calm … Read more

Investment tenders for 6 Saudi football clubs announced

Riyadh: KPL Dream Team won the “Honor of Kings Invitational Series 2024 Midseason”, Alliance the “Apex Legends” tournament and Team BDS won the “Rainbow Six Siege” on the “Super Sunday” of the Esports World Cup in Riyadh. Competition. The world's largest gaming and esports festival, which has a record-breaking prize pool of $60 million, presented … Read more