Economy

Saudi Arabia is evaluating BRICS membership, says economy minister

Saudi Arabia is evaluating BRICS membership, says economy minister

DUBAI: Saudi Arabia is evaluating the benefits of joining the BRICS economic bloc, Faisal Alibrahim, the Kingdom’s minister of economy and planning, said at the World Governments Summit on Wednesday. Speaking during a session titled “The Emergence of Multiple Economic Blocs,” Alibrahim highlighted Saudi Arabia’s commitment to fostering global dialogue while navigating an increasingly fragmented […]

Saudi Arabia reiterates rejection of Israeli comments on displacement of Palestinians from their land

Saudi Arabia reiterates rejection of Israeli comments on displacement of Palestinians from their land

RIYADH: Saudi Arabia on Sunday reiterated its categorical rejection of statements regarding the displacement of the Palestinian people from their land, particularly those made by Israeli Prime Minister Benjamin Netanyahu. The Kingdom’s Foreign Ministry said in a statement that it rejected “such statements that aim to divert attention from the continuous crimes committed by the […]

Jordan’s king welcomes Saudi support for Palestinian rights

Jordan’s king welcomes Saudi support for Palestinian rights

RIYADH: Jordan’s King Abdullah on Wednesday welcomed Saudi Arabia’s continuing firm and supportive stance on the rights of the Palestinian people. He expressed his appreciation during a telephone conversation with the Kingdom’s Crown Prince Mohammed bin Salman, a day after US President Donald Trump suggested the removal of all Palestinians from Gaza so the US […]

Nothing wrong in Donald Trump’s idea to displace Palestinians from Gaza, says Netanyahu

Nothing wrong in Donald Trump’s idea to displace Palestinians from Gaza, says Netanyahu

WASHINGTON: Israeli Prime Minister Benjamin Netanyahu said on Wednesday there was nothing wrong in Donald Trump’s idea to displace Palestinians from Gaza after the US president’s proposal was widely criticized internationally. “The actual idea of allowing Gazans who want to leave to leave. I mean, what’s wrong with that? They can leave, they can then […]

Saudi Crown Prince briefs cabinet on meeting with Syrian president

Saudi Crown Prince briefs cabinet on meeting with Syrian president

Saudi Crown Prince Mohammed bin Salman on Tuesday briefed the cabinet on his recent diplomatic engagements, beginning with his meeting with Ahmad al-Sharaa, President of the Syrian Arab Republic. The crown prince outlined the key points of their discussions, which centered on regional stability and enhancing bilateral cooperation. The crown prince also shared details from his meeting […]

Saudi Arabia conducts military exercises with 15 countries at Air Warfare Center

Saudi Arabia conducts military exercises with 15 countries at Air Warfare Center

RIYADH: Saudi Arabia is conducting military exercises called Spears of Victory 2025 at the Air Warfare Center, involving forces from 15 countries. Some of the Kingdom’s prominent military branches are participating in the drills, including forces from the Presidency of State Security and the Saudi Arabian National Guard. The drills started this week at the […]

Saudi Arabia’s non-oil sector sees decade-high growth as PMI hits 60.5

Saudi Arabia’s non-oil sector sees decade-high growth as PMI hits 60.5

RIYADH: Saudi Arabia’s non-oil private sector saw its strongest growth for a decade in January, with the Kingdom’s Purchasing Managers’ Index rising to 60.5, driven by surging new orders and business activity, a new survey showed.  The seasonally adjusted Riyad Bank PMI, released by S&P Global, jumped from 58.4 in December to its highest level in […]

Emir of Kuwait receives BlackRock CEO

Emir of Kuwait receives BlackRock CEO

LONDON: Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the emir of Kuwait, received Larry Fink, chairman and CEO of BlackRock, in the presence of Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah. Fink and his accompanying delegation were received at Bayan Palace on Monday, the Kuwait News Agency reported. During the meeting, Sheikh Meshal highlighted the importance of […]

Mideast, North Africa region ‘among world’s best’ for renewable energy, says UN official as climate forum opens

Mideast, North Africa region ‘among world’s best’ for renewable energy, says UN official as climate forum opens

RIYADH: The Middle East North Africa region is “among the world’s best locations for renewable energy,” a UN climate official told Arab News recently, ahead of a Bahrain climate conference that opened today. Mahmoud Mohieldin, the UN special envoy for financing the 2030 sustainable development agenda, shared his insights on the MENA region, financing climate […]