Middle East

Riyadh, Apr 11: The Saudi Cabinet on Monday condemned the use of the chemical attack on Khan Sheikhun in Syria, which resulted in many deaths including children and women, committed by the Syrian regime and, expressing full support to the recent US military operation against selected targets in Syria was articulated. The Kingdom’s long-standing rejection of terrorism in all forms and

Jeddah, Apr 10: Terrorist attacks targeting two Coptic Christian churches in Egypt, which killed at least 43 people and wounded as many as 100, have unified Arab and Western nations to further their efforts to defeat extremist violence. Egyptian President Abdel Fattah El-Sisi announced a three-month state of emergency following twin church bombings. King Salman on Sunday made a phone call to El

Jeddah, Apr 9: Jeddah Chamber of Commerce and Industry (JCCI) with the cooperation of the General Authority for Entertainment and Saudi Federation of Cars and Motorcycles launched the first Rider Champion and Fun Festival for families on Thursday. The three-day Rider Champion and Fun Festival, with a committee of referees and participation of prominent professionals and hobbyists, includes 12

Jeddah, Apr 8: Saudi Arabia’s King Salman was briefed Saturday by US President Donald Trump about American military strikes on a Syrian airbase the day before, according to the Saudi Press Agency. In a phone conversation, King Salman congratulated Trump on his courageous decision to carry out the strike in Syria, which the king said was in the interest of the region and the world. The US struck

Jeddah, Apr 7: Saudi Arabia has chosen a hybrid structure for its debut international sukuk, the prospectus for the offer showed, a format widely used in the Saudi local debt market, but not the most popular for sovereign issues. The Islamic bond, expected to go up to $10 billion, will be the country’s second international debt sale after a $17.5 billion conventional bond in October last year

Riyadh, Apr 6: Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister Theresa May visited the Kingdom. A statement from May’s office said the two discussed several issues including security and strengthening business ties. An earlier statement from May’s office said she would discuss with the monarch “tax and privatization standards to

Riyadh, Apr 5: Combating extremism and fighting terror were the focus of talks between British Prime Minister Theresa May and Crown Prince Mohammed bin Naif in Riyadh on Tuesday. May is on a two-day visit to the capital, and will meet King Salman and senior government officials. She was in Amman on Monday for the first leg of her tour. The focus of her visit to the two countries is to build

Jeddah, Apr 4: Saudi Arabia condemned a suspected terror attack that killed 11 people and injured dozens more when an explosion tore through a train carriage in a St. Petersburg metro tunnel on Monday. Russian news media reported that police were searching for a man recorded on surveillance cameras who was thought to have been involved in the attack, which coincided with a visit to the city by

Hatzor (Israel), Apr 3: Prime Minister Benjamin Netanyahu said on Sunday the latest addition to Israel’s missile defenses meant that those seeking to destroy the Jewish state would be endangering their own existence. He was speaking at a formal ceremony to hand the “David’s Sling” system from its developers over to its Israeli air force operators. The medium-range interceptor, developed with US

Abu Dhabi, Apr 3: Two major lenders in the UAE, the First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD), have completed a merger to become the largest bank in the country under the name First Abu Dhabi Bank. The new bank has total assets of $180 billion and capital of nearly $3 billion, making it one of the largest banks in the Middle East as well. Sheikh Tahnoon bin Zayed Al-Nahyan