Economy

Israeli withdrawal from south Lebanon will last beyond 60 days, Netanyahu’s office says

Israeli withdrawal from south Lebanon will last beyond 60 days, Netanyahu’s office says

JERUSALEM: The Israeli army will not complete its withdrawal from southern Lebanon by a Monday deadline, Prime Minister Benjamin Netanyahu’s office said on Friday, saying Lebanon has not yet fully enforced the ceasefire agreement. The deal, brokered by the United States and France, ended more than a year of hostilities between Israel and the Iran-backed […]

Saudi foreign minister arrives in Damascus on an official visit

Saudi foreign minister arrives in Damascus on an official visit

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Syria on Friday, in an official visit foreign ministry said in a statement. Prince Faisal will meet with Syria’s de facto leader Ahmed Al-Sharaa and meet with top officials in the new Syrian administration. #دمشق | سمو وزير الخارجية الأمير #فيصل_بن_فرحان @FaisalbinFarhan يصل إلى […]

Trump ‘not confident’ Gaza deal will hold

Trump ‘not confident’ Gaza deal will hold

WASHINGTON: US President Donald Trump said Monday he was not confident a ceasefire deal in Gaza would hold, despite trumpeting his diplomacy to secure it ahead of his inauguration. Asked by a reporter as he returned to the White House whether the two sides would maintain the truce and move on in the agreement, Trump […]

Big 5 Construct Saudi 2025 expands offering to two weeks

Big 5 Construct Saudi 2025 expands offering to two weeks

RIYADH: The Big 5 Construct Saudi, organized by dmg events, returns as the largest construction event in the Kingdom, taking place across two weeks, from Feb. 15-18 and Feb. 24-27, 2025, at the ROSHN Front Exhibition and Conference Center in Riyadh. A gateway to Saudi Arabia’s $1.7 trillion construction industry, supporting the ambitious Vision 2030 goals, […]

Saudi project clears 639 Houthi mines in Yemen

Saudi project clears 639 Houthi mines in Yemen

RIYADH: Members of Saudi Arabia’s Project Masam removed 639 explosive devices from various regions of Yemen last week. The total included eight anti-personnel mines, 45 anti-tank mines, 585 unexploded ordnances and one explosive device, according to a recent report. Ousama Al-Gosaibi, the initiative’s managing director, said a total of 478,222 mines had been cleared since […]

Lebanon’s new president starts consultations on appointing PM

Lebanon’s new president starts consultations on appointing PM

BEIRUT, Lebanon: New Lebanese President Joseph Aoun will begin parliamentary consultations Monday over designating a prime minister to form a government that will have to face major challenges in the crisis-hit country. The consultations, a constitutional requirement under Lebanon’s sectarian power-sharing system, come just days after Aoun’s election amid foreign pressure for swift progress — […]

Saudi Arabia calls for Syria sanctions to be lifted

Saudi Arabia calls for Syria sanctions to be lifted

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan on Sunday called for the lifting of sanctions on Syria, saying the curbs hindered the country’s rebuilding and development. He made the call at a press briefing after high-level meetings on Syria in Riyadh. “We stressed the importance of lifting unilateral and international sanctions imposed on Syria, […]

Saudi Arabia’s Dammam port records 37.4% surge in container handling

Saudi Arabia’s Dammam port records 37.4% surge in container handling

RIYADH: Saudi Arabia’s King Abdulaziz Port in Dammam reported a notable 37.4 percent year-on-year increase in container handling during the first half of 2024, indicating strong growth in the maritime sector. The port managed 1.53 million standard units in this period, up from 1.11 million units last year. Transshipment containers also surged by 87.87 percent […]