Author: Steven Sahiounie

RIYADH: Saudi telecom provider Zain KSA has appointed Saad Al-Sadhan as acting CEO following the passing of Sultan Al-Deghaither, who held the role for more than six years.

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China

Dubai’s inflation rate eased to 3.32 percent in July, down from 3.85 percent in June, marking the lowest level since the beginning of the year

MSCI Inc., a leading provider of research-based indexes and analytics, has expanded its coverage by adding three Saudi companies to its global and small-cap indexes.

audi Arabia’s point-of-sales spending reached around SR52.76 billion ($14.05 billion) in June, registering a 1.75 percent rise compared to the same month last year

The International Energy Agency has kept its global oil demand growth forecast for 2024 unchanged at 970,000 barrels per day

CAIRO: Venture capital investments in the Middle East and North Africa reached $355 million in July, marking a 206 percent increase from June and a 260 percent rise year on year, according to recent data.

Extremist Israeli Minister of National Security Itamar Ben Gvir and Israeli Minister of Negev and Galilee Affairs Yitzhak Wasserlauf Tuesday stormed the courtyards of Al-Aqsa Mosque under the protection of the occupation police. Local sources said that Ben Gvir and Wasserlauf stormed Al-Aqsa Mosque from Al-Maghariba Gate, and toured the eastern courtyard, accompanied by a large number of occupation police officers. The sources indicated that the occupation prevented worshipers from entering Al-Aqsa Mosque in conjunction with their storming. It is noteworthy that this is the sixth storming of Al-Aqsa Mosque by Ben Gvir since he assumed his position in late 2022. Hundreds of…

Twelve people were killed and 121 wounded, including 10 children, in a Ukrainian attack on Russia’s borderline Kursk Region, acting regional Governor Alexey Smirnov told Russian President Vladimir Putin via video link during a meeting on the situation on the Russian border. “Twelve civilians were killed, 121 were injured, including 10 children,” he said. A massive attack on the Kursk Region by the Ukrainian army was launched on August 6. Air raid alerts have been repeatedly declared in the region. As a result of the attack, 12 residents were killed. According to the latest data, 121 people have been injured,…

Deputy Minister for Consular Affairs Ali Al-Yousef received Ambassador of Syria to the Kingdom Ayman Soussan in Riyadh on Monday. During the meeting, they discussed various topics of common interest, the Foreign Ministry reported on X. Meanwhile, the assistant secretary-general of the Arab League for international political affairs, Dr. Khaled Manzalawi, met with Ambassador of Mauritania to Egypt Houssein Dieh in Cairo on Monday, Saudi Press Agency reported. They reviewed topics related to Arab cooperation. Source: Arab News