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June 8, 2023
After rising for four consecutive days, Saudi Arabia’s Tadawul All Share Index ended the week in green, as it gained 24.31 points, or 0.21 percent, to close at 11,397.14. The total trading turnover of the benchmark index hit SR7.14 billion ($1.90 billion), as 113 stocks advanced, while 94 retracted. While parallel market Nomu gained 368.10 points to close at 21,849.68, MSCI
June 8, 2023
Saudi Arabia has awarded a public-private partnership (PPP) in
June 8, 2023
NAIROBI: The US Agency for International Development (USAID) said on Thursday it was suspending food aid to Ethiopia because its donations were being diverted from people in need.A spokesperson said in a statement that USAID had determined, in coordination with the Ethiopian government, that a “widespread and coordinated campaign is diverting food assistance from the people of
June 8, 2023
RIYADH: Electricity networks across three Saudi governates are set to undergo SR1.4 billion ($373 million) worth of improvements to reduce the areas’ liquid fuel consumption and carbon emissions. State-owned Saudi Electricity Co. will invest the money across Rafha, Al-Wajh and Najran, reported the Saudi Press Agency. Ensuring reliability and continuity, the company aims to
June 8, 2023
RIYADH: Real estate developer ROSHN has signed a three-year deal to become the platinum sponsor of Saudi Pro League champions Al-Ittihad. This sponsorship is part of the Public Investment Fund-owned company’s support for the development of the Kingdom’s sports sector, the Saudi Press Agency reported on Thursday. ROSHN Group CEO David Grover described Al-Ittihad as an important
June 8, 2023
LONDON: Britain announced Thursday new sanctions against Belarus, its latest punishment for the eastern European country’s support of Russia’s invasion of Ukraine and suppression of anti-government activists.
June 8, 2023
RIYADH: US Secretary of State Antony Blinken expressed concern on Thursday with actions by the Houthi militia that are cutting Yemenis off from resources and impeding the flow of goods inside of Yemen.
June 8, 2023
OSLO: Saudi Arabia participated in the international conference “Protecting Children in Armed Conflict – Our Common Future” held recently in Oslo, Norway. The Saudi delegation was led by the nation’s King Salman Humanitarian Aid and Relief Center, or KSrelief, represented by Dr. Hana Omar, director of the Community Support Department and acting director of the Partnerships and
June 8, 2023
BEIRUT: Lebanon’s foreign ministry said Thursday it was recalling its ambassador to France, Rami Adwan, after an investigation was opened into allegations of rape and intentional violence by the envoy. Adwan is being investigated in France following complaints by two former embassy employees. Recalling the diplomat to Lebanon, however, could put him beyond the grasp of the
June 8, 2023
NAIROBI: The UN Human Settlements Programme, known as UN-Habitat, commemorated four years of cooperation with Princess Lamia bint Majed Al-Saud on Thursday. It came at a discussion on advancing sustainable urbanization regionally, and on successful resource mobilization. Earlier this year the UN-Habitat celebrated the reappointment of the princess as its goodwill ambassador