Author: Steven Sahiounie

Saudi Arabia’s National Development Fund has appointed Northern Trust to manage over SR60 billion ($16 billion) in assets

The Organization of the Petroleum Exporting Countries has received updated output compensation plans from Iraq and Kazakhstan.

Credit facilities provided by Saudi finance companies saw 12 percent annual rise in the first quarter of 2024, to reach SR88.6 billion

Saudi Arabia’s industry and mining system provides over 120 enablers and incentives for investors in the sectors

Financial sector leaders will meet in Riyadh next month to discuss the latest trends and innovations in securities

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, slightly gaining 6.99 points, or 0.06 percent, to close at 12,194.43. 

Hamas will dispatch a delegation to Cairo today as talks over a ceasefire in the Gaza Strip and a deal to exchange Israeli captives held in Gaza for Palestinian prisoners continue, Al Jazeera sources say. According to an unnamed “senior official” of the group who spoke to AFP news agency, Hamas will not participate in this round of talks even though a delegation will be present in Cairo. “The delegation will meet with senior Egyptian intelligence officials to be briefed on developments in the ongoing round of Gaza ceasefire talks … but this does not mean it will take part…

Japanese Prime Minister Fumio Kishida reaffirmed Friday in a meeting with Egypt’s Minister of Foreign Affairs Badr Abdelatty his country’s commitment to supporting Egypt’s efforts to de-escalate tensions in the Middle East, particularly regarding the ongoing conflict in Gaza. This meeting was on the sidelines of the ninth Tokyo International Conference on African Development (TICAD). PM Kishida noted that Japan is following with deep concern the latest developments in Gaza and the broader region, emphasizing that the continuation of violence would be detrimental to all parties involved. According to the Egyptian Ministry of Foreign Affairs statement, Japan’s Kishida further highlighted…

Seven civilians were injured as a result of Israeli aggression that targeted several sites in the central region in Syria. The Syrian air defenses intercepted the aggression’s missiles and shot down some of them. “At around 7:35 pm today, the Israeli enemy launched an air aggression from the direction of northern Lebanon, targeting several sites in the central region. Our air defense systems confronted the aggression’s missiles and shot down some of them,” a Syrian military source stated. He added, “The aggression resulted in the injury of civilians and material losses.” Earlier, Al Mayadeen’s correspondent reported that Syrian air defenses…

Qatar’s Prime Minister Mohammed bin Abdulrahman al-Thani will reportedly visit Tehran in the upcoming days amid regional tensions. Al Thani, who is also Qatar’s foreign minister, will discuss issues of mutual interests and major regional developments with Iranian officials, including the new Iranian Foreign Minister Abbas Araghchi, according to some reports. The Qatari official will arrive in Tehran on Monday, marking the first official visit since Iran’s new government has been formed. On Wednesday, the Iranian Parliament (Majlis) ended the debate on nominees for the new cabinet and approved all of President Masoud Pezeshkian’s 19 cabinet picks. Iran and Qatar maintain strong relations and…