Saudi banks in strong position to harness the benefits of economic diversification

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RIYADH: Saudi banks will see an expanded customer base and increased revenues thanks to government-backed economic diversification efforts that promote innovation and productivity, according to a new report. Saudi Arabia and Oman were the two Gulf countries with the lowest volatility of non-oil sector expansion from 2020 to 2023, according to Moody's analysis of banks … Read more

Datacom aims to ride Saudi Arabia’s tech wave 

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RIYADH: Saudi Arabia's mining sector is on the cusp of an era of transformation, with the Kingdom fully set to become a global leader in the field. But have you ever wondered what treasures lie beneath its lands? Saudi Arabia is rich in minerals needed for various industries worldwide. The kingdom is becoming a leading … Read more

Frontrunners emerge for Kamala Harris’ pick for vice president

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In the fight for the presidential candidate from the Democratic Party, Kamala Harris, there are two frontrunners. The New York Post reports that it is becoming increasingly likely that Ms. Harris will choose her running mate between Pennsylvania Governor Josh Shapiro and Arizona Senator Mark Kelly. Mr. Shapiro, 51, and Mr. Kelly, 60, each represent … Read more

Egypt’s presence at Gaza talks highlights its ‘pivotal role’ in region, says analyst

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CAIRO: Egypt's Finance Ministry is awaiting IMF Executive Board approval for the third review of the country's economic reform program, scheduled for Monday. The IMF is expected to disburse $820 million to Egypt following the completion of the review, and the government is committed to ensuring the continued success of future reviews. Egypt's Finance Minister … Read more

Turkiye stages artillery strikes on Kurd fighters in Iraq

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ISTANBUL: Turkey launched new artillery strikes on Kurdish separatist positions in northern Iraq, the defense ministry and Iraqi sources said on Saturday. While President Recep Tayyip Erdogan said this month that operations against the Kurdistan Workers' Party (PKK) in Iraq were coming to an end, a security source in northern Iraq said the latest overnight … Read more

Russian warships make routine visit to Cuba

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DHAKA: Bangladeshi police have discharged from hospital and arrested the leaders of a student protest that sparked nationwide unrest last week as security forces clashed with demonstrators. Since early July, students have been demonstrating against rules that reserve most government jobs to descendants of those who fought in the country's 1971 liberation war. At least … Read more

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