‘ROAM’ to herald new era of luxury travel in Saudi Arabia

  • Saudi lifestyle company Cool Inc. and UK-based bespoke travel company Pelorus have launched ROAM, a new luxury destination management company in Saudi Arabia. The joint venture is built on an understanding of adventure, curation and awe, constantly striving to be bold in all its endeavors. The ...
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Pakistani, Russian officials negotiate deal to import crude oil from Russia

  • KARACHI: Officials of the Pakistani and Russian state-owned oil companies on Tuesday held a meeting in Karachi to negotiate a deal under which Islamabad will acquire cheaper energy imports from Russia, an official with direct knowledge of the talks said.    Russia this year conceptu...
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Russia to extend oil production cuts until end of June

  • MOSCOW: Russia announced on Tuesday that it was extending oil production cuts of 500,000 barrels per day until the end of June, a response to Western anctions that was due to expire at the end of March. “In accordance with the current market situation, the decision to voluntarily reduce produ...
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Bank stocks steady after Swiss rescue as focus turns to Fed

  • LONDON: Investors stepped cautiously into bank stocks on Tuesday, emboldened by the rescue of Credit Suisse, with share prices inching tentatively higher amid continuing concerns about smaller US lenders and further financial market ructions, according to Reuters After a tumultuous 10 days wh...
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Saudi Arabia’s Agricultural Development Fund approves $610m in investment loans

  • RIYADH: Farmers in Saudi Arabia saw their funding from a dedicated investment organization rise by 167 percent year-on-year in the first three months of 2023, it has been revealed. The Saudi Agricultural Development Fund signed off on development and investment loans worth more than SR2.3 bil...
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Swiss gold exports to China, India rebounded in Feb as prices fell

  • LONDON: Switzerland's exports of gold to China and India rebounded in February as bullion prices fell, Swiss customs data showed on Tuesday. Switzerland is the world's biggest bullion refining and transit hub and its data provides insight into global market trends. It exported 58 ...
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Dubai inflation rises close to 5% in February on higher F&B prices 

  • RIYADH: In line with the global trend, Dubai saw its annual inflation rate rising to 4.9 percent in February driven by an increase in food and beverages costs, the latest data from the emirate's Statistics Center showed.    This comes as&...
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stc digitally powers F1 Saudi Arabian Grand Prix 2023

  • Leading digital champion stc Group provided the digital infrastructure for the 2023 edition of the stc Formula 1 Saudi Arabian Grand Prix, marking the group’s third consecutive year of partnering with Formula 1. The partnership is in line with stc’s commitment to enriching people’s lives thro...
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MIPIM 2023: ROSHN highlights green community revolution

  • Micromobility and local community infrastructure headlined the debate on the second day of Le Marché International des Professionnels de L’immobilier 2023. The world’s leading real estate market event, MIPIM 2023, was held in Cannes from March 14-17. Driven by ROSHN Group CEO David Grover, Sa...
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Pakistan denies IMF linked bailout loan deal to nuclear program

  • KARACHI: Pakistani Finance Minister Ishaq Dar said on Monday neither the International Monetary Fund (IMF), nor any foreign country, had raised issues related to the country’s nuclear program, and a delay in signing a bailout deal with the IMF was due to "technical reasons." Dar was addressin...
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