In a first, Saudi Arabia to now take part in Miss Universe 2024 competition

In a first, Saudi Arabia to now take part in Miss Universe 2024 competition

In a first, Saudi Arabia is poised to make its debut appearance in the Miss Universe pageant, signaling a significant milestone for the nation. Rumy Alqahtani, a seasoned participant in beauty pageants and a notable influencer, revealed the news of her country’s representation in one of the world’s most prestigious pageants via her social media … Read more

Abu Dhabi may buy stake in London’s Heathrow Airport

Abu Dhabi may buy stake in London’s Heathrow Airport

Dubai: Abu Dhabi‘s Mubadala Investment is considering buying into Heathrow airport, according to people familiar with the matter, in a move that could see it join Saudi Arabia‘s Public Investment Fund and Qatar Investment Authority as prominent shareholders in the London hub. Sovereign wealth fund Mubadala is weighing an investment after it was approached by … Read more

How Saudi Arabia is reopening the Incense Road

How Saudi Arabia is reopening the Incense Road

They had called it a ‘vast open-air library’ before we got there. But that hadn’t quite prepared me for the sight of thousands of inscriptions carved into the sandstone surfaces of mountainsides in Jabal Ikmah, in Saudi Arabia’s AlUla region. Names of kings and traders, their official proclamations and records of transactions, notes on rituals … Read more

Saudi Arabia says there will be no diplomatic relations with Israel without an independent Palestinian state

Saudi Arabia says there will be no diplomatic relations with Israel without an independent Palestinian state

Saudi Arabia has told the U.S. its position stands that there will be no diplomatic relations with Israel unless an independent Palestinian state is recognised on the 1967 borders with East Jerusalem, and Israeli “aggression” on the Gaza Strip stops, the Saudi foreign ministry said in a statement on Wednesday. On Tuesday, White House National … Read more

One of world’s richest doctors sees fortune surge to $12 billion

One of world’s richest doctors sees fortune surge to $12 billion

A Saudi doctor saw his fortune close in on $12 billion on Thursday as shares of his healthcare firm rebounded, returning him to the ranks of the Middle East’s wealthiest private individuals. Shares in Sulaiman Al Habib’s eponymous company have surged 30% since hitting a one-year low in October. That’s made Al Habib — who … Read more

Goldman Sachs sees Brent average at $92/bbl in 2024 on solid demand, low OPEC supply

Goldman Sachs sees Brent average at $92/bbl in 2024 on solid demand, low OPEC supply

Goldman Sachs expects Brent prices to average at $92 per barrel (bbl)in 2024, and expects the oil market to tighten at a moderate pace amid solid demand while core OPEC supply remains low. The bank in a note dated Thursday said it expects a 0.7 million barrel per day (mb/d) deficit and a solid 1.6 … Read more

Russian oil shaves India’s import costs by about $2.7 bln

Russian oil shaves India’s import costs by about $2.7 bln

NEW DELHI: India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data, helping it support economic growth and easing pressure on its trade deficit. Crude oil accounts for about a third of India’s overall imports by value. The world’s third-biggest … Read more

Saudi Arabia’s Q3 GDP shrinks 4.5% y/y on sharp decline in oil activity

Saudi Arabia’s Q3 GDP shrinks 4.5% y/y on sharp decline in oil activity

Saudi Arabia‘s real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity. Oil activities decreased by 17.3% in the third quarter from a year earlier, the General Authority for Statistics data showed, pulling overall growth lower despite … Read more

Saudi Prince wants Israel and Palestine to follow Indian model to end violence in the Middle East

Saudi Prince wants Israel and Palestine to follow Indian model to end violence in the Middle East

Saudi Arabia‘s Prince Turki al-Faisal recently spoke about the ongoing violence in the Middle East, making references to historical events in India. The Saudi prince condemned both Hamas and Israel for their attacks on civilians, emphasizing the importance of peaceful resistance. During a speech at the Baker Institute in the US, Prince Turki al-Faisal stated, … Read more

Blinken calls for protection of civilians as Israel prepares for expected assault on Gaza

Blinken calls for protection of civilians as Israel prepares for expected assault on Gaza

U.S. Secretary of State Antony Blinken meets with Saudi Foreign Minister Prince Faisal bin Farhan, at the Ministry of Foreign Affairs in Riyadh, Saudi Arabia, on Oct. 14, 2023. | Photo Credit: VIA REUTERS U.S. Secretary of State Antony Blinken called on Saturday for protection for civilians in both the Gaza Strip and Israel as … Read more