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June 5, 2023
RIYADH: Turkiye is expecting a surge in Saudi tourists following high-level diplomatic visits between the two countries, Ankara’s ambassador to Riyadh has told Arab News. The diplomatic steps Ankara took last last year as part of the normalization of relations with Saudi Arabia means Turkiye is forecasting more than 1 million Saudi visitors this year, said Fatih Ulusoy. He
June 5, 2023
RIYADH: Intra-regional trade between Saudi Arabia and the UK is set to receive a boost as top ministers from both countries held talks in London to strengthen economic ties. As part of the third meeting of the Saudi-British Strategic Partnership Council, the Kingdom’s Commerce Minister, Majid bin Abdullah Al-Qasabi, and the UK’s Investment Minister, Dominic Johnson, discussed
June 5, 2023
PARIS: French authorities will on Monday ask Lebanon to lift the immunity of Beirut’s ambassador to Paris after an investigation was opened into alleged rape and intentional violence by the envoy, a source said. “Steps in this direction will be taken during the day,” a French diplomatic source, who asked not to be named, told AFP. The ambassador, Rami Adwan, is being
June 5, 2023
Jeddah: Crown Prince Mohammed bin Salman on Monday launched a Saudi sports clubs’ investment and privatization project, according to the Saudi Press Agency. Part of Vision 2030, the initiative aims to encourage private investment in the sector toward developing national teams, regional sports clubs, and practitioners at all levels. The current phase of the project involves
June 5, 2023
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
June 5, 2023
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
June 5, 2023
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
June 5, 2023
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
June 5, 2023
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
June 5, 2023
Saudia Airlines had adopted its operational plan for the 2023 Hajj pilgrimage. Amer Alkhushail, Chief Hajj and Umrah Officer at SAUDIA Group, told Asharq Al-Awsat that the airline will operate 148 planes during the Hajj to transport 1.2 million pilgrims from across the globe. Flyadeal, an airline owned by Saudia, will also be used for the first time to transport the pilgrims to the holy sites, he revealed. It will dedicate eight planes to the pilgrims, flying 40,000 from around the world to the ...