News
Saudi banks in strong position to harness the benefits of economic diversification
RIYADH: Saudi banks will see their customer base expand thanks to government-backed economic diversification efforts that are boosting innovation and productivity, according to a new report. Saudi Arabia and Oman were the GCC countries with the least volatility in non-oil sector expansion from 2020 to 2023, according to Moody's analysis of banks from the Gulf … Read more
Hungarian PM says Russia stands to gain as ‘irrational’ West loses power
Budapest: Hungarian Prime Minister Viktor Orbán said on Saturday that Russia's leadership was “too rational” and that Ukraine would never fulfill its hopes of becoming a member of the EU or NATO. Orban, a nationalist who has been in power since 2010, made the comments during a speech in which he predicted a shift in … Read more
Datacom aims to ride Saudi Arabia’s tech wave
RIYADH: Saudi Arabia's mining sector is at the height of a transformative era, with the kingdom determined to become a global leader in the industry. But have you ever wondered what treasures lie beneath its soil? Saudi Arabia is rich in minerals essential for various global industries. The state is shifting away from its traditional … Read more
Unearthing the transformative potential of Saudi Arabia’s mining sector
RIYADH: Saudi Arabia's mining sector is at the height of a transformative era, with the kingdom determined to become a global leader in the industry. But have you ever wondered what treasures lie beneath its soil? Saudi Arabia is rich in minerals essential for various global industries. The state is shifting away from its traditional … Read more
Ex-cricketer and racism whistleblower Azeem Rafiq says Manchester Airport footage ‘triggering’
DHAKA: Bangladeshi police have discharged from hospital and arrested leaders of student protests that sparked nationwide unrest last week, when security forces clashed with protesters. The students have been protesting since early July against a rule that largely reserves government jobs for children of those who fought in the country's 1971 liberation war. At least … Read more
Egypt’s presence at Gaza talks highlights its ‘pivotal role’ in region, says analyst
How climate change is exacerbating food insecurity, with dire consequences for the import-dependent Middle East RIYADH: Global food insecurity is much worse than previously thought. That's the conclusion of the State of Food Security and Nutrition in the World 2024 report, published this week by the United Nations coalition, which found that efforts to tackle … Read more
Turkiye stages artillery strikes on Kurd fighters in Iraq
ISTANBUL: Turkey launched new artillery strikes against Kurdish separatist positions in northern Iraq, the defense ministry and Iraqi sources said on Saturday. As President Recep Tayyip Erdogan said this month that his campaign against the Kurdistan Workers' Party (PKK) in Iraq was coming to an end, a security source in northern Iraq said the latest … Read more
Russian warships make routine visit to Cuba
DHAKA: Bangladeshi police have discharged from hospital and arrested leaders of student protests that sparked nationwide unrest last week, when security forces clashed with protesters. The students have been protesting since early July against a rule that largely reserves government jobs for children of those who fought in the country's 1971 liberation war. At least … Read more
Saudi industry and mineral resources minister meets Brazilian executives
RIYADH: Saudi Minister of Industry and Mineral Resources Bandar Alkhoref recently met Eduardo Bartolomeo, CEO of Vale Mining Company in Brazil. The parties discussed the promising investment opportunities offered by the Saudi mining sector to Brazilian companies and the expansion plans of Brazilian investors in the kingdom, the Saudi Press Agency reported on Saturday. Bartolomeo … Read more
