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GO Telecom reports annual operating profit of SR58m and net profit of SR42m

GO Telecom Company, known as Etihad Atheeb, has announced its financial results for the financial year ending on March 31. The results showed positive performance and continued improvement in the company’s financial and operational performance, transforming the company to profitability, clearing all accumulated losses and achieving retained profits. The company attributed
Saudi Arabia Yaslam Baisa Saleh Al Mansour Etihad Atheeb Technology Commission Go Telecom Company

Saudi Arabia, Egypt sign MoU to bolster bilateral trade

RIYADH: Bilateral trade between Saudi Arabia and Egypt is set to grow after an agreement was reached to enhance economic cooperation — with a key focus on developing the non-oil export sector. A memorandum of understanding has been signed by the Saudi Export Development Authority and Egypt’s Export Development Authority, the Saudi Press Agency reported. The agreement falls
Ar Riya Saudi Arabia Abdulrahman Al Thukair Yahya Al Wathiq Billah Saudi Export Development Authority Egypt Export Development Authority

Iran to reopen diplomatic missions in Saudi Arabia this week

RIYADH: Iran will reopen its diplomatic missions in Saudi Arabia this week, the Iranian foreign ministry spokesman said on Monday. Tehran's foreign ministry spokesman Nasser Kanani announced the reopening in a statement Monday, confirming earlier comments by a diplomatic source in Riyadh. “To implement the agreement ..., Iran’s embassy in Riyadh, our Consulate General in
Saudi Arabia Ar Riya Nasser Kanaani Alireza Enayati Nasser Kanani Organization Of Islamic Cooperation

OPEC is being 'proactive, preemptive,' Saudi energy minister tells CNBC

VIENNA: Defending the decisions made by the oil producers’ alliance, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the need to “trust OPEC+” which he described as “the most effective international organization” working to restore market stability. Talking to CNBC International’s Dan Murphy on Sunday, the energy minister said the voluntary oil output cuts announced
Saudi Arabia Wood Mackenzie Dan Murphy Ronald Reagan Rystad Energy International Dan Murphy On

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Closing bell: Saudi main index continues upward trend

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend for the second consecutive day, as reigning oil prices raised investor confidence. On Monday, the benchmark index gained 71.63 points or 0.64 percent to close at 11,293.59. The total trading turnover of the benchmark index was SR6.38 billion ($1.70 billion) as 125 listed stocks advanced, while 75
United States Ar Riya Saudi Arabia Mohannad Saleh Alonaizan Thiqah Business Services Co Communications Services Co

Afghanistan hands Iran a timely reality check

Over the past few months, Iran realized that the Taliban would be much more assertive in their future bilateral dealings. For any observer, Kabul’s tough-talking approach seems consistent considering its conduct with Islamabad. Tehran’s loss of patience with the Taliban reflects the over-estimation of its influence. Recent armed clashes along the Helmand-Baluchistan border
Islam Qala Kamal Khan Qasem Rezaei Mohammed Al Sulami Ashraf Ghani Kioumars Heydari

Saudi FM receives Venezuelan counterpart in Jeddah

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan received his Venezuelan counterpart Yvan Eduardo Gil Pinto in Jeddah on Monday. During the meeting, they reviewed aspects of cooperation between their countries and ways to enhance and develop them in various fields. The ministers also discussed increasing coordination on many regional and international issues of
Ar Riya Saudi Arabia Yvan Eduardo Gil Pinto Foreign Minister Prince Faisal Al Ahsa Al Kharj

Qatar's budget surplus hit $5.4bn in Q1 exceeding expectations

RIYADH: Qatar registered more than two-thirds of its expected 2023 budget surplus in the first three months of the year thanks to a large inflow of oil and gas revenues, the country’s Finance Ministry has revealed. According to Qatar’s state news agency, the country’s trade balance was 19.7 billion Qatari riyals ($5.4 billion) in the black for the first quarter of the year,
Ar Riya Saudi Arabia Ali Al Kuwari Finance Ministry Finance Minister Ali Al Kuwari Statistics Authority

Indonesia hosts geopolitical rivals in multinational naval drills

JAKARTA: Indonesia launched on Monday a multilateral naval exercise attended by more than 30 countries, including US and China, amid rising geopolitical tension. The Multilateral Naval Exercise Komodo, which was first held in 2014, is on its fourth edition and will run until June 8 in waters off Makassar, South Sulawesi. This year’s Komodo drills will see participation from 36
Indonesia General South China Sea Brunei General United Kingdom South Korea Jakarta Raya

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