RIYADH: The Arab coalition intercepted and destroyed late on Saturday a Houthi drone targeting Khamis Mushait south of Saudi Arabia, state TV Al-Ekhbariya reported. We will take all necessary precautions to protect civilians as the Houthis continue to target them, the coalition added. Last month, coalition air defenses intercepted an explosives-laden drone launched by Yemen’s
DUBAI: Riyadh-Dubai was the Middle East’s busiest airline route in May as the Kingdom re-started international travel, according to data from OAG. The popular route was followed by Cairo-Jeddah and Dubai-Jeddah in second and third place respectively. Saudi Arabia resumed international travel on May 17 with national carrier Saudia operating flights to 30 international
DUBAI: Gulf banks offering expensive remittance services risk being disrupted by new entrants doing the same job for a fraction of the cost, a seminar heard on Sunday. “We live in a region where with the exception of Saudi Arabia more than 80 percent of the population is made up of expats. These folks send $100 billion back home every year and the cost of sending that money is
JAKARTA, June 5 (Reuters): Indonesian authorities have yet to decide on whether to cut their crude palm oil (CPO) export levy, three officials told Reuters on Friday, as the levies remained at their highest for five months in a row, hurting demand.
Indonesia, the world s top producer of the edible oil, raised CPO export levies last year to generate funds for its ambitious palm-based biodiesel programme and smallholder farmer replanting scheme, at the expense of demand. It is still being discussed. the export levy needs a review, Joko Supriyono, a member of the supervisory board of BPDP, the government body in charge of subsidising palm oil programmes, told Reuters.
CAIRO: The Suez Canal Authority (SCA) has issued a statement on the accountability and ownership dispute surrounding the Ever Given container ship, which ran aground and disrupted global trade in March. The statement came in response to recent legal claims put forward by UK Protection Ltd. According to the release, the SCA stated that its negotiating committee had reviewed