Arab

Lebanon’s negotiations with IMF likely to start in November: minister

BEIRUT: Lebanon's foreign minister said on Sunday negotiations with the International Monetary Fund (IMF) were likely to start in November, Lebanon's Al Jadeed TV reported.Economy Minister Amin Salam had said on Friday, in an interview with Reuters, that the...

Jubail Commercial Port handles more than 53,000 containers in September ?

RIYADH: Jubail Commercial Port's containers handling increased to 27 percent by more than 53,000 containers during September 2021 as compared to the same period in 2020. The port also achieved a record in handling container ships by clearing procedures within...

Saudi EXIM Bank signs MoU with Omani banks to boost cooperation

RIYADH: Saudi EXIM Bank on Sunday signed memorandums of understanding with three major Omani banks to boost financing ties and exchange expertise. The MoUs were signed with the National Bank of Oman, Muscat Bank and Sohar International Bank.The banks also...

MODON signs deal for 1st factory to manufacture prosthetic limbs in Kingdom

RIYADH: The Saudi Authority for Industrial and Technology Zones, known as MODON, signed on Sunday a contract with a company to manufacture prosthetics in the Kingdom. The first factory to manufacture prosthetics in Saudi Arabia will be established in Asir...

MGI: Charting a regional road map for sustainable living

Sun, 2021-10-24 22:43 RIYADH: The final event of the Saudi Green Initiative, the Middle East Green Initiative, is taking place today to create a sustainable road map for the region and highlight green transition, green policy solutions, the finance sector's...

STC Solutions signs $53.66m NEOM data centre contracts

RIYADH: The Arabian Internet and Communications Services Co. (Solutions by STC) on Sunday signed several contracts with the Saudi Telecom Company to build a modern data center in NEOM, according to a stock exchange filing. The contracts, valued at SR201.3...

Bank shares lead 0.77% TASI fall: Market wrap

RIYADH: Declining bank shares led a fall of the Tadawul All-Share Index, which was down 91 points on Sunday, or 0.77 percent, closing at 11,848,05 points. 221.4 million of shares changed hands in 323,000 deals. Al Rajhi Bank fell 3 percent...

Telecom Egypt to obtain $500 financing from 11 banks

Telecom Egypt has signed a financing agreement with 11 allied banks to obtain a $500 million medium-term syndicated loan. The banks involved in the transaction include First Abu Dhabi Bank, Mashreq Bank, Bank of Jordan, and the Arab Bank...

Italy has ‘high expectations’ for Saudi, Middle East green initiatives: Italian deputy foreign minister

ROME: Italy had "high expectations" about the Saudi Green Initiative and Middle East Green Initiative events in Riyadh along with the Kingdom's engagement in green energy production, a leading Italian MP has said. Manlio Di Stefano will be representing his...

China aims to cut fossil energy use to below 20% by 2060

BEIJING: China is targeting an ambitious clean energy goal of reducing fossil fuel use to under 20 percent by 2060, according to an official plan published by state media on Sunday. The document follows a pledge by President Xi Jinping...
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