Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Monthly Archives: June 2014
Kuwait regulator rejects GFH appeal
DUBAI: Kuwait’s Capital Markets Authority (CMA) has rejected an appeal by Bahrain-based Gulf Finance House (GFH) against the regulator’s decision to monitor its Kuwait-listed shares, the investment firm said on Monday. The CMA decided to monitor the stock after it
Kingdom Holding invests $400 million in Rizvi fund
Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, announced its investment in the Rizvi Opportunistic Equity Fund III. KHC recently invested in the Rizvi Opportunistic Equity Fund III building on the previous successful relation, which led to KHC
Kingdom, UAE to jointly develop renewable energy
Saudi Arabia and the UAE will cooperate to develop renewable energy and clean technology in the region. The decision, which comes at a time of increasing interest in renewable across the region, lays down a framework to jointly invest in
Bahri, Aramco Vela form biggest merger in Kingdom
The National Shipping Company of Saudi Arabia or NSCSA (Bahri) and Aramco Vela have formed the biggest merger in the history of Saudi Arabia, according to Saleh N. Jasser, Bahri’s CEO. “The total amount involved is $1.3 billion. The cash
GM recalls 3.4M more cars for ignition problems
DETROIT: General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they’re carrying too much weight. GM said in a statement
India rides Binny heroics to victory over Bangladesh
DHAKA: Paceman Stuart Binny grabbed a record six wickets for just four runs as India thrashed Bangladesh by 47 runs in a low-scoring second One-Day International in Dhaka on Tuesday. Binny, 30, upstaged the efforts of Bangladeshi debutant Taskin Ahmed
Kenya Muslim leaders say attacks ‘tearing country apart’
NAIROBI: Kenya’s top Muslim leaders warned Tuesday that Islamist attacks and a harsh government response risked dividing the country along ethnic and religious lines that could trigger a repeat of the deadly post-election violence six years ago. “The continued violence
Mideast investors to spend $180 billion in global real estate markets over next decade
Europe clear favorite with 80 percent of expected allocation JEDDAH – Middle Eastern investors are expected to spend $180 billion in commercial real estate markets outside of their own region over the next decade, the latest research from global property
Energy sector in top five for malware vulnerability
JEDDAH – The global energy sector is one of the top five most at-risk industries for malware, Cisco announced today in the buildup to GISEC 2014. As the Internet of Everything connects more people, processes, data, and things to networks,
‘Saudi is on the right track’: CEO of NAI
JEDDAH – Seeing the office of Mercedes-Benz Saudi Arabia (National Automobile Industry) CEO may confuse anyone who enters there the first time. Is this working place of the chief executive officer of a big company? Sure, the room is spacious:
Taliban warns foreign firms as Pakistan sends in the tanks
MIRANSHAH, Pakistan — The Pakistani Taliban on Monday warned foreign firms to leave the country and vowed retaliatory strikes against the government after tanks, ground troops and jets were deployed in a long-awaited offensive in a troubled tribal district. The
Saudi student athletes set to benefit from US scholarships
RIYADH — More than 200 athletes in Saudi high schools have the potential to play competitive sports in universities across the United States. They will also benefit from full scholarship opportunities that cover the cost of tuition, accommodation, food and
Palestinian speaker held as Israel hunts teens
OCCUPIED JERUSALEM – Israeli troops arrested Palestinian parliament speaker and Hamas member Aziz Dweik overnight during a wave of arrests linked to a massive manhunt for three kidnapped teenagers, the military said on Monday. In a statement, the army said
Egypt sends 13 to trial for sexual violence
CAIRO — Egypt’s top prosecutor referred 13 men to trial for attempted rape and assault of women during public rallies in Cairo’s iconic Tahrir Square, the first implementation of tough new penalties against rampant sexual violence, the state news agency
Modi vows stronger Bhutan energy ties in first foreign visit
THIMPHU, Bhutan — India’s Narendra Modi on Monday pledged stronger energy ties with tiny neighbor Bhutan as he wrapped up his first foreign visit since becoming prime minister, a trip aimed at checking China’s influence in the region. In an
‘Comedy Nights’ to go off air
MUMBAI — Small screen’s hugely popular comedy show “Comedy Nights With Kapil” will go off air in September temporarily. The protagonist of the show, Comedian Kapil Sharma, confirmed the news on Twitter after rumors of show going off air surfaced.
24-hour jail for jumping red signal
JEDDAH – Motorists jumping red signals will get 24-hour detention plus fine, sources at the Traffic General Directorate have said. According to the new traffic regulation, fines slapped under Saher traffic system on those jumping signals will be accepted only
Saudi embassy follows case of Tokyo vandal
TOKYO – The Saudi Embassy in Japan has said that it is following the case of a Saudi citizen accused of smashing statues inside a Japanese temple in Tokyo. The embassy confirmed in a press release that it is pursuing
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