Author: Steven Sahiounie

RIYADH: Excavation work on three components of the Riyadh metro project is set to begin following the signing of a SR722.1 million ($192.5 million) deal between Saudi Real Estate Co., also known as Al Akaria, and Diriyah Gate. 

RIYADH: The share of retail consumer electronic payments in Saudi Arabia surged to 70 percent of total transactions in 2023, up from 62 percent in the previous year, official data showed.   

RIYADH: Saudi energy giant Aramco has awarded a $7.7 billion contract for a major expansion of its Fadhili Gas Plant in the Eastern Province.

Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, asserted the country’s commitment to strengthening its strategic partnership with Iraq in different sectors, especially in terms of business and investment partnerships in high-priority sectors.

The seasonally-adjusted PMI fell to 49.2 points in March from 51.7 in February, dropping below the 50-point mark that separates expansion from contraction

In February, Qatar welcomed 596,000 international visitors, marking a significant rise from the 389,000 arrivals recorded in February 2023

The issuance is valid for three months with Rate of Return 4.375% KUWAIT – The Central Bank of Kuwait (CBK) has announced the issuance of Bonds and related Tawarruq at a total value of KWD240 million (US$792 million). The Kuwait News Agency (KUNA) quoted the central bank as saying that the issuance is valid for three months with Rate of Return 4.375 percent. Source: Zawya

Dubai’s benchmark index rose for a fourth consecutive session and ended 0.1% higher, lifted by gains in real estate, consumer discretionary and finance sectors Most stock markets in the Gulf rose on Tuesday, led by the Saudi index, as the expectation for higher oil demand in China and the U.S. boosted crude prices amid rising geopolitical tensions in the Middle East and Russia. Saudi Arabia’s benchmark stock index was up for a second straight session and advanced 0.4%, supported by gains in finance, healthcare, materials and utilities sectors with Rajhi Bank, the world’s largest Islamic lender, gaining 0.9%, and ACWA…

Trading volume on the stock market over the same period increased by 40% and reached 4.5 trillion rubles ($48.97 bln)

Steven Sahiounie, journalist and political commentator When Israel struck and destroyed the Iranian Consulate in Damascus on April 1, their partners, the terrorists following Radical Islam, were coordinating attacks on the Syrian Arab Army (SAA). This is not the first time that Israel has coordinated and partnered with terrorists in Syria. In the latest incident, Israel attacked Damascus with an airstrike which hit the Iranian Consulate, while Hayat Tahrir al-Sham (HTS) attacked the SAA in the outskirts of Idlib in north west Syria, east of Latakia and west of Aleppo. The terrorists used suicide bombers as well as armed terrorists…