RIYADH — Saudi Arabia's annual inflation rate rose to 1.9 percent in October 2024, according to the data released by the General Authority for Statistics (GASTAT) on Thursday. The inflation records the highest rate in 14 months, driven mainly by an (...)
The Public Investment Fund (PIF) announced Thursday the completion of the sale of part of its stake in Saudi Telecom Company (stc) through an accelerated bookbuild offering.
The offering involved 100 million shares, representing 2% of stc's total (...)
JEDDAH — The General Directorate of Narcotics Control foiled an attempt to smuggle in huge cache of drugs at the Jeddah Islamic Port. The directorate officials, in coordination with the Zakat, Tax and Customs Authority, seized 11,934,000 amphetamine (...)
RIYADH — Public Investment Fund (PIF) announced on Wednesday the offering of a 2% stake in Saudi Telecom Company (stc), amounting to 100 million shares, through an accelerated book-building process. The shares will be available to qualified (...)
Celebrity chef Jamie Oliver has pulled his new children's book from the shelves after complaints that it stereotyped Indigenous Australians.
The 400-page fantasy novel Billy and the Epic Escape, which was published earlier this year, features an (...)
Habib Real Estate Co. has unveiled its new project "Enar" at Cityscape Global, which is being held at the Riyadh Exhibition and Conference Center from November 11 to 14, 2024. There has been a substantial turnout at the company's booth. The Enar (...)
RIYADH — The Royal Commission for Riyadh City has lifted restrictions on the sale, purchase, subdivision, and fragmentation of large tracts of land in the northern part of Riyadh, specifically around the New Murabba Project.
The commission has said (...)
Boeing workers have voted to accept the aviation giant's latest pay offer, ending a damaging seven-week-long walkout.
Under the new contract, they will get a 38% pay rise over the next four years.
Striking workers can start returning to their jobs (...)
MBC Group has announced that Istedamah Holding Company, a substantial shareholder in the company, has signed a binding share sale and purchase agreement (SPA) with the Public Investment Fund (PIF).
Under the terms of the agreement, Istedamah will (...)
Police in Australia say they have recovered around 40,000 limited-edition coins based on the hit children's television show Bluey.
It was reported in July that 63,000 of the coins – produced by the Australian Mint – had been stolen from a warehouse (...)
RIYADH —The Ministry of Interior's electronic platform Absher carried out more than 9,017,000 electronic transactions for citizens, residents and visitors during September.
Absher Individuals and Absher Business carried out 81,504 identity (...)
RIYADH — There are at least 21 cases under which an exemption will be granted for Real Estate Transaction Tax (RETT), as per the RETT Law approved by the Council of Ministers on Sept. 17, 2024. The salient features of the law were revealed in the (...)
UK pharmaceutical giant GSK says it will pay as much as $2.2bn (£1.68bn) to settle thousands of cases in US courts over claims that a discontinued version of its heartburn drug Zantac caused cancer.
The firm announced that it had reached agreements (...)
More than a dozen states in the US have sued TikTok, accusing the social media platform of helping to drive a mental health crisis among teenagers.
A bipartisan group of 14 attorneys general from across the country allege that the company uses (...)
Israel carried out part of its device attack targeting Hezbollah by concealing explosives inside the batteries of pagers brought into Lebanon, according to two high-ranking Lebanese security officials, who said the technology was so advanced that it (...)
A Japanese handheld radio manufacturer has distanced itself from walkie-talkies bearing its logo that exploded in Lebanon, saying it discontinued production of the devices a decade ago.
At least 20 people were killed and 450 injured after hundreds (...)
The sales of OMODA & JAECOO in August were 24,178 units, continuing the strong momentum of monthly sales exceeding 20,000 units. Just 16 months after the brand was globally launched, the cumulative total sales exceeded 300,000 units.
Review of brand (...)
With over 10 years of experience in the real estate technology industry, AQAR has established itself as the first destination for comprehensive real estate solutions in Saudi Arabia. Available as both a website and a mobile app on iOS and Android, (...)
LONDON — Turki Al-Sheikh, Chairman of the General Entertainment Authority, announced that Riyadh Season has received approval to increase the ticket capacity to 96,000 for the Wembley showdown, which will take place on September 21, 2024.
The main (...)
RIYADH — The total number of point of sale (POS) operations in Saudi Arabia reached more than 204 million with a value of over SR13 billion during the last week.
A total of 204,274,000 POS operations, with a value of SR13,568,097,000, were (...)
RIYADH — Inflation in Saudi Arabia stabilized at 1.5 percent in July on an annual basis, remaining at its lowest level since December 2023, according to the latest data released by the General Authority for Statistics (GASTAT).
The data came despite (...)
Aramco announced on Wednesday that it has signed a definitive agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (Petro Rabigh) from Sumitomo Chemical for $702 million.
This acquisition will increase Aramco's (...)
Pakistan's former Prime Minister Imran Khan has now been behind bars for a year – although there are times you would barely know it.
Khan is still the dominant force of Pakistan's opposition politics; his name still in the papers and the courts. His (...)
Lawyers for Donald Trump asked a New York appeals court Monday to throw out the $454 million judgment in his civil fraud trial, arguing that the monetary penalty was unconstitutional and that most of the case should have been barred because the (...)
Dozens of Indian nationals held in "slave-like" working conditions near Verona in northern Italy have been freed, a spokesperson for Italy's financial police told CNN.
Thirty-three Indian farm laborers were allegedly forced to work more than 10 (...)
