Showing results for "Shoura Council"

Gaza death toll nears 30,000 as aid groups warn of ‘imminent’ famine

  • GAZA STRIP, Palestinian Territories: The Gaza war’s reported Palestinian death toll neared 30,000 Wednesday as fighting raged in the Hamas-run territory despite mediators insisting a truce with Israel could be just days away. Another 91 people were killed in overnight Israeli bombardment, the ...
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FOCUS: Airline sector risking decimation after COVID 19 groundings

  • What happened: Eurozone finance ministers failed to reach an agreement on a rescue package on Wednesday, April 8, with a rift persisting between the southern nations, arguing for common issuance of “Coronabonds” and northern countries insisting on using the European Stability Mechanism, which ...
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Focus: Historic deal amid contracting economy

  • What happened: During the first quarter, stock markets incurred losses not seen since the financial crisis. They displayed healthy gains in April, but volatility was high throughout, with the volatility index reaching historic highs surpassing the 80 percent mark. On Monday, stocks fell in As...
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Focus: Oil, WTI’S moment of truth

  • What happened: Monday was a historic day for oil. The May contract for WTI fell below zero for the first time in history. It reached -$37.63 per barrel at the end of the US trading session. The June contract closed at 20.43 per barrel. Brent closed at a very low $25.60 and stood at 23.80 in e...
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Focus: Airlines, Saudi Arabia

  • What happened: COVID-19 cases surpassed 1 million in the US. Fatalities topped 58,000, exceeding the death toll from the Vietnam war. Fitch downgraded Italy’s credit rating one notch to BBB-, just above junk, voicing concerns about the sustainability of debt levels post-coronaviru...
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Focus: US GDP & Federal Reserve

  • What happened: US GDP numbers for the first quarter came in at minus 4.8 percent, breaking over a decade of uninterrupted growth. The first quarter only reflects the beginning of the outbreak and the number will deteriorate significantly in the upcoming quarter. The Federal Reserv...
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Waleed Al-Ibrahim visits MBC in Dubai for first time since anti-corruption probe

  • DUBAI: Saudi Arabian media mogul Sheikh Waleed Al-Ibrahim has visited the Dubai headquarters of his MBC television empire for the first time since being released after last year’s anti-corruption drive. Al-Ibrahim is a major shareholder in the Middle East’s largest broadcasting company, but w...
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Saudi air defenses intercept Houthi missile over Riyadh

  • JEDDAH: Iran-backed Houthi militias in Yemen fired another ballistic missile at Riyadh on Tuesday, this time targeting Al-Yamamah Royal Palace in the Saudi capital....
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India is Saudi Arabia's natural partner for progress

  • On the auspicious occasion of the 73rd Republic Day of India, I extend my warm greetings and best wishes to the members of the Indian community living in the Kingdom of Saudi Arabia. Republic Day means a lot to every Indian. On this day in 1950, the Republic of India was born when the Indian p...
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Ukraine-Russia conflict exposes international hypocrisy

  • The Ukraine-Russia conflict has laid bare international hypocrisy to anyone who dares look. Among many such hypocritical actions, I have chosen the following examples. First is the UN’s hypocrisy. In 2003, the US invaded Iraq without UN authorization. There was no Security Council condemnatio...
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