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 »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Category Archives: Economy
Verizon, AT&T suspend ads from Google over offensive videos
US wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google’s YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.
India tries to fix Iran trade payments as Trump hardens line
India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the US imposes a fresh financial embargo. President
Red iPhone? The symbolic meaning behind Apple’s newest color
Apple announced Tuesday it is introducing red iPhones and cutting prices on two iPad models. The newly-revealed red color iPhone 7 and iPhone 7 Plus is the sixth color in the range, after jet black, black, silver, gold and rose
David Rockefeller, last grandchild of John D. Rockefeller, dies
David Rockefeller, a former head of Chase Manhattan bank and luminary in political and philanthropic circles, died Monday at the age of 101, a spokesman said. He died in his sleep due to congestive heart failure at his home in
Dubai harvests desert sun at vast solar plant
Dubai on Monday completed a solar plant big enough to power 50,000 homes as part of a plan to generate three-quarters of its energy from renewables by 2050. The 200 megawatt plant sprawls over 4.5 square kilometers (1.73 square miles)
G-20 summit acquiesces to US, drops free-trade pledge
Financial leaders of the world’s biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist US after a two-day meeting failed to yield a compromise. Breaking a decade-long tradition of endorsing open trade,
Scots weigh economic uncertainty of independent future
The prospects for Scotland’s economy after Brexit are at the heart of the battle between its pro-independence first minister and British Prime Minister Theresa May, who wants Britain to stay united as it leaves the EU. Nicola Sturgeon has warned
Apple CEO Tim Cook calls for more global trade with China
Apple Chief Executive Tim Cook expressed support for globalisation and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing on Saturday. “I think it’s important that China continues to open itself
G20 ministers struggle to find consensus on trade, climate
Finance ministers and central bankers from top economies are battling Saturday to find common ground on world trade in the face of US President Donald Trump’s “Buy American” drive. Ministers from G20 nations have gathered in the picturesque western German
E-commerce transactions in Saudi Arabia touch $600m mark
The volume of e-commerce transactions in the Saudi market amounted to around SR2.25 billion ($600 million) in 2016, according to Abdulrahman Al-Qahtani, secretary-general of the Consumer Protection Society (CPS). Al-Qahtani said it is necessary to protect consumers who engage in
Oil prices extend gains after drop in US stockpiles
Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed US stockpiles had eased from record highs. Prices surged on Wednesday after a slew of market reports and official data offered some
Trump’s budget seeks to boost military, slash other federal agencies
President Donald Trump asked the US Congress on Thursday to approve a 2018 budget that would bolster military programs and begin building a wall on the southern border with Mexico while drastically cutting many federal agencies. Trump’s plan, showcasing his
Saudi Arabia signs 21 MoUs with China, grants trading licenses for two companies
At least 21 Memorandums of Understandings were signed in the latest Saudi-China Business Forum meeting that was attended by Saudi King Salman. The key focus on the latest meeting on Thursday was to find further opportunities for Chinese investments in
Saudi Trade Ministry closes 75 social media accounts for promoting fake goods
The Ministry of Trade and Investment closed more than 75 accounts on social media, including Twitter, Facebook, Instagram and Snapchat, for posting thousands of ads for fake goods, Al-Jazirah daily reported on Saturday. The ministry said it took the step
Egypt’s capital set to grow by half a million in 2017
Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil. Greater Cairo, a metropolitan area
Insurance claims in Saudi Arabia at an all-time high
Insurance claims in Saudi Arabia have surged to its highest ever record with an increase of 10 percent in 2016, while total insurance premiums, during the same year, have witnessed a slight increase by one percent. According to al-Eqtisadiah newspaper,
Going digital: Here is an overview of India’s cash-less initiatives
India has launched a slew of electronic systems to encourage its 1.2 billion people to rely less on cash, and adopt digital services to buy everything from groceries to fuel. Here is an overview of India’s cash-less initiatives. United Payments
As Brexit looms, UK forecasts strong economy
Britain’s economy will grow far stronger than expected this year, Finance Minister Philip Hammond said in a budget update, as the government prepares to trigger Brexit. Conservative Prime Minister Theresa May has vowed to activate Article 50 of the EU’s
Loading ...
You must be logged in to post a comment.