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Saudi and Somali foreign ministers meet ahead of Arab summit on Gaza

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan held talks with his Somali counterpart, Abshir Omar Huruse, on Thursday. They met on the sidelines of a preparatory meeting of Arab foreign ministers ahead of an Arab summit on the Israeli war on Gaza that is due to take place on Saturday in Riyadh. They reviewed the relationship between their countries. ....

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Ringgit continues downtrend after hawkish tone from Fed chairman

KUALA LUMPUR: The ringgit extended its downtrend to close lower today against the greenback for the fourth consecutive day following US Federal Reserve (Fed) chairman Jerome Powell’s hawkish tone in his statement on US monetary policy on Thursday. ....

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rupee rises: Rupee rises 5 paise to 83.25 against US dollar in early trade

The rupee is anticipated to maintain its strength, thanks to the ongoing support from domestic factors, which remain robust due to a promising demand outlook driven by major festivals, CR Forex Advisors MD Amit Pabari said. ....

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Saudi development fund CEO receives Malawi finance minister

Saudi Fund for Development CEO Sultan Al-Marshad on Wednesday received Malawi’s Minister of Finance and Economic Affairs Simplex Chithoyla Banda and his accompanying delegation. During the meeting, the two sides discussed the progress of the Saudi fund’s development projects in Malawi and ways to enhance cooperation between the two countries. Earlier, the Saudi fund announced its participation in the Saudi-Arab-African. ....

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