admin RIYADH: Bonds and sukuk maturing for Qatar’s government during 2024 have amounted to 20.3 billion riyals ($5.5 billion), according to the central bank. Data from the nation’s financial institution showed that this year’s government bond repayments amount to 14.45 billion riyals, including stakes worth 1.7 billion riyals for a 7-year term due mid-April. The 3-year … Read more
Saudi Arabia witnessing unprecedented growth in asset management industry: CMA official RIYADH: Asset management activity revenues of capital market institutions in Saudi Arabia reached SR4.2 billion ($1.12 billion) in 2023, representing a rise of 58.6 percent in four years. According to Abdullah bin Ghannam, deputy for listed companies and investment products at Saudi Arabia’s Capital … Read more
BEIRUT: The Lebanese government may be forced to declare a disaster in the south of the country due to the destruction of housing and farmland, the country’s caretaker prime minister has said. During a cabinet meeting, Najib Mikati warned of the “continuation of the Israeli aggression, resulting in martyrs, wounded and massive destruction” in Lebanon’s … Read more
RIYADH: China has become the top greenfield foreign direct investor in Saudi Arabia with investments amounting to $16.8 billion in 2023, a 1,020 percent rise from the previous year. According to Emirates NBD, China was followed by the US and the UAE, with greenfield FDI amounting to $2.7 billion and $2.67 billion, respectively. Kuwait came … Read more
DUBAI: Hamas official Osama Hamdan said on Thursday there has been no progress in Gaza ceasefire talks despite the Palestinian group showing flexibility. Hamdan said Israeli Prime Minister Benjamin Netanyahu was placing obstacles hindering both parties from reaching an agreement, and that he is “not interested” in releasing Israeli hostages. “The occupation government is still … Read more
RIYADH: Saudi Arabia is offering new exploration licenses for gold, copper, zinc, lead, and silver ores, in a bid to secure both local and international investors to the mining sector. The Ministry of Industry and Mineral Resources has invited bids for six new high-value opportunities, covering a total area of over 940 sq. km, as … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 83.20 points, or 0.66 percent, to close at 12,705.42. The total trading turnover of the benchmark index was SR7.96 billion ($2.12 billion) as 126 stocks advanced, while 96 retreated. Similarly, the MSCI Tadawul Index increased by 16.27 points, or 1.01 percent, to close at … Read more
According to a ruling by the Oslo District Court, Momika was arrested on March 28 — a day after he arrivedAfter a hearing on March 30, the court decided to detain Momika for four weeksOSLO: An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Qur’an last year has been arrested in … Read more
RIYADH: The Kingdom’s leading mobile wallet, stc pay, has received approval from the Saudi Central Bank to proceed with its transformation into STC Bank. This beta launch will enable selected users to upgrade their accounts from an stc pay digital wallet into an STC Bank account. They will also be provided an International Bank Account … Read more
‘Reckless’ Houthi Red Sea campaign harming Yemenis, Palestinians – US special envoy LONDON: Continuing Houthi attacks on shipping in the Red Sea are “misplaced, reckless and indiscriminate,” the US special envoy for Yemen said on Wednesday during a briefing attended by Arab News. Timothy Lenderking added that the Houthis’ activities are harming both ordinary Yemenis … Read more