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May 16, 2023
TOKYO: Japan’s Foreign Minister Yoshimasa Hayashi said on Tuesday at a press conference that Tokyo would provide $14.3 million (JPY1.9 billion) in aid to Syria. “In light of the damage and continuing humanitarian crisis as a result of the recent earthquake in Syria in February, we will extend aid to Syria to support those who continue to suffer from its effects in the areas of
May 16, 2023
The NBA Playoffs are heating up, and the Western and Eastern Conference finalists have been decided. In the west, the Los Angeles Lakers are set to clash with the Denver Nuggets, while in the east, the Boston Celtics will take on the Miami Heat. These matchups might feel familiar because they mirror the brackets from the 2020 COVID-19 bubble. However, amidst lingering
May 16, 2023
BERLIN: A German court on Tuesday convicted five men over the theft of 18th-century jewels worth more than $108.76 million (€100 million) from a Dresden museum in 2019. They were sentenced to prison sentences of between four years and four months and six years and three months, German news agency dpa reported. One defendant was acquitted. The Dresden state court ruled that the
May 16, 2023
RIYADH: The Saudi foreign ministry condemned on Tuesday the storming of the Jordanian embassy in Khartoum, and the storming and vandalizing of the Kuwaiti mission’s residence in the Sudanese capital. “The Kingdom of Saudi Arabia completely rejects all forms of violence and vandalism against diplomatic missions and representations,” the statement said.
May 16, 2023
LOS ANGELES: LeBron James and the Los Angeles Lakers will attempt to overcome the formidable challenge posed by Nikola Jokic and the Denver Nuggets as the Western Conference playoff finals get under way on Tuesday. After struggling through the regular season, the Lakers are within four wins of returning to the NBA Finals after ousting the defending champion Golden State
May 16, 2023
KYIV: Anti-corruption authorities in Ukraine said on Tuesday they had detained the head of the country’s Supreme Court in an investigation they cast as an important step in Kyiv’s fight against high-level graft. Kyiv has redoubled efforts to clamp down on corruption despite Russia’s invasion, and doing so is vital to meet the conditions for joining the European Union.
May 16, 2023
RIYADH: Oil futures were steady on Tuesday after mostly weaker-than-expected data from China muddied the outlook for demand from the world’s top crude importer while US plans to refill its Strategic Petroleum Reserve underpinned prices. Brent crude futures rose $0.06, or 0.08 percent, to $75.29 a barrel at 12:30 p.m. Saudi time, while US West Texas Intermediate crude was at
May 16, 2023
AMMAN: The head of the International Monetary Fund (IMF) mission in Jordan, Ron Van Roden described Jordan’s economy as a “success story” after the country maintained its financial and monetary stability despite battling global economic challenges state news agency PETRA reported.
May 16, 2023
RIYADH: Saudi Arabia’s holding of US Treasuries increased by $4.5 billion month-on-month in March to reach $116.2 billion, according to the latest data released by Washington’s Treasury Department. On an annual basis, the Kingdom’s holdings of the bonds climbed by 1.2 percent and reached $115.5 billion. This included long-term bonds totaling $103.2 billion, accounting for 89
May 16, 2023
RIYADH: Saudi Arabia’s Natural Gas Distribution Co. has entered into a partnership agreement with TAQA Arabia, Egypt’s largest private sector natural gas distributor, to explore ways to develop and operate gas transportation services. Both companies signed a memorandum of understanding to set up a limited liability firm in the Kingdom, according to a bourse filing. In an