Author: Steven Sahiounie

“Israel” challenges international decisions and laws by committing the massacre in Rafah, sending a clear message to the ICJ that nothing will stop the massacres. On Sunday evening, the Israeli occupation forces committed a new massacre against dozens of displaced persons by bombing their tents set up in UNRWA warehouses in Rafah, southern Gaza Strip, an alleged safe zone. State officials and international institutions were quick to condemn the massacre, calling on “Israel” to halt its aggressive and monstrous attacks against the Palestinians. Palestinian Authority slams ‘Israel’s’ ‘heinous massacre’ in Tal as-Sultan According to the Wafa news agency, a spokesperson for Palestinian President Mahmoud…

Dozens of Palestinians were martyred and more were injured following the horrific and deliberate Israeli bombardment of forcibly displaced Palestinians living in tents in Rafah. On Sunday evening, the Israeli occupation forces committed a new massacre against dozens of displaced persons by bombing their tents set up in UNRWA warehouses in Rafah, southern Gaza Strip, an alleged safe zone. The Government Media Office reported that the Israeli occupation committed a horrific massacre through the concentrated and deliberate bombing of a center for the forcibly displaced, established in UNRWA barracks in the northwest of Rafah Governorate. The center was bombed with…

RIYADH: The Saudi logistics sector is poised for growth with DP World’s investment of SR900 million ($250 million) to build a distribution center at the Jeddah Islamic Port.

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 145.35 points, or 1.21 percent, to close at 11,850.64. The total trading turnover of the benchmark index was SR4.37 billion ($1.16 billion) as 55 of the stocks advanced, while 166 retreated. Similarly, the Kingdom’s parallel market Nomu slipped 41.38 points, or 0.16 percent, to close at 26,638.19. This comes as 26 of the listed stocks advanced while 33 retreated. Meanwhile, the MSCI Tadawul Index slipped 20.47 points, or 1.37 percent, to close at 1,473.08. The best-performing stock of the day was Bupa Arabia for Cooperative Insurance Co. The firm’s share price…

RIYADH: Bahrain’s commitment to fiscal consolidation has witnessed S&P Global Ratings reaffirm its “B+/B” credit standing with a stable outlook despite challenges in 2023. 

RIYADH: Saudi exploration service provider ADES Holding Co. has secured a SR2.42 billion ($645.3 million) deal for six onshore drilling contracts with Kuwait Oil Co., marking an expansion of its operations. 

RIYADH: Oman’s banking sector experienced a 2.9 percent rise in total credit, reaching 30.8 billion Omani rials ($80 billion) by the end of March, official data showed. 

RIYADH: Saudi Electricity Co. received an upgrade from Fitch Ratings, raising its long-term foreign and local currency issuer default rating to “A+” from “A,” citing government support. 

RIYADH: Financing provided to small and medium enterprises in Saudi Arabia surged by 20.4 percent year on year to $73.5 billion in the fourth quarter of 2023, official data showed. 

RIYADH: Saudi Arabia is on track to help propel sustainable development globally through its pivotal role in artificial intelligence, according to the Kingdom’s finance minister.