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KUALA LUMPUR: The ringgit strengthened against the US dollar on Tuesday as assurances from the government and Bank Negara Malaysia regarding the ringgit's valuation calmed market concerns.
KUALA LUMPUR: The ringgit is expected to hit 4.20-4.40 against the US dollar by year-end in view of the United States (US) Federal Reserve’s (Fed) likely interest rate cut decision in anticipation of an economic recession in the US this year, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.
RIYADH: In November 2023 the Gulf Cooperation Council approved a landmark unified tourist visa set to launch between 2024 and 2025. Similar to the Schengen scheme, the permit will enable tourists to travel across all six GCC member states: Oman, Bahrain, Kuwait, Qatar, Saudi Arabia and the UAE. The new visa was announced by Jassim Mohammed Al-Budaiwi, GCC secretary-general, on...
RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent on Sunday a congratulatory telegram to Sheikh Mishal Al-Sabah, emir of Kuwait, on the occasion of his country’s National Day. King Salman and the crown prince wished the emir and the people of Kuwait good health and happiness. Kuwait celebrated its 63rd National Day and its 33rd Liberation...
RIYADH: Saudi Arabia’s Project Masam cleared 727 mines in Yemen — which had been planted by the Houthi militia — between Feb. 17 and 23. Overseen by the Kingdom’s aid agency KSrelief, the project’s special teams destroyed 587 items of unexploded ordnance, 134 anti-tank mines, and six anti-personnel mines. The explosives, which were planted indiscriminately by the Houthis across Yemen,...