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Riyadh
Monday, May 16, 2022
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said on Sunday it had launched a coffee company to promote the kingdom’s coffee beans.The Saudi Coffee Company will provide support to the national coffee industry through the entire supply chain, from bean to cup, the PIF said.It will also play a key role in…
Macro Snapshot — Egypt’s unemployment rate dips to 7.2%; US economic outlook weakens RIYADH: Egypt’s unemployment rate dropped to 7.2 percent in the first quarter, down from 7.4 percent in the previous quarter, the country’s state statistics agency CAPMAS said on Sunday. US economic outlook  The US economic outlook has weakened and inflation is set to…
Foreign Minister Don Pramudwinai / Photo from Facebook Page Ministry of Foreign Affairs of the Kingdom of Thailand Foreign Minister Don Pramudwinai has been assigned by Prime Minister Prayut Chan-o-cha to visit Saudi Arabia to follow-up on cooperation in all areas between Thailand and Saudi Arabia. He said today (Sunday) that Don has a mission…
Logo of The ban on Arabian Contracting Services’ (Al Arabia) The ban imposed on the founding shareholders of Arabian Contracting Services’ (Al Arabia) from selling shares was lifted today, May 15, six months after the stock began trading on the Saudi Exchange (Tadawul) on Nov. 15, 2021. Founding shareholders - Engineer Holding Group Co. and MBC Group Holding…
The per capita spending on insurance in Saudi Arabia grew 10% to SAR 1,200 by the end of 2021, compared with SAR 1,095 a year earlier, data from the Saudi Central Bank (SAMA) showed. Health insurance accounted for 60% of total per capita spending last year, followed by general insurance with 36%, as well as…
Logo of Saudi Aramco Saudi Arabian Oil Co.'s (Saudi Aramco) shares rose today, May15, by 4% to SAR 42.35, recording its highest price close since debut, with a traded volume of about 16.4 million shares. The stock hit its highest price level since debut – after capital was adjusted to add bonus issue shares –…
Enemy of All Mankind by Steven Johnson is a very highly recommended account of Henry Every, the 17th century’s most notorious pirate. The press published wildly popular — and wildly inaccurate — reports of his nefarious adventures. The British government offered enormous bounties for his capture, alive or (preferably) dead. But Johnson argues that Every’s…
Lebanon holds first parliament election since financial collapse, Beirut port blast Election seen as a test of whether Hezbollah and its allies can preserve their parliamentary majority Country has been rocked by an economic meltdown that the World Bank has blamed on the ruling class Updated 15 May 2022 Reuters May 15, 2022 06:29 BEIRUT:…
Lebanon holds first parliament election since financial collapse, Beirut port blast Election seen as a test of whether Hezbollah and its allies can preserve their parliamentary majority Country has been rocked by an economic meltdown that the World Bank has blamed on the ruling class Updated 15 May 2022 Reuters May 15, 2022 06:29 BEIRUT:…
In his newly published and excellent book Tiger and Phil: Golf’s Most Fascinating Rivalry, Bob Harig describes the scene in the scoring tent at the conclusion of the 2002 US PGA Championship. That Rich Beem makes no worse than a bogey at the 72nd hole ensures a surprise one-stoke victory over Tiger Woods. Fred Funk…