Author: Editorial Team
Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received here today Minister of Foreign Affairs of the Kingdom of the Netherlands Tom Berendsen. During the meeting, the two sides reviewed areas of bilateral cooperation between the two friendly countries and exchanged views on regional developments. The Dutch side reiterated its condemnation of Iran’s attacks on the Kingdom of Saudi Arabia and several countries in the region. They also discussed joint efforts to maintain the security and safety of international waterways. Source: Riyadh Daily
Executives with Vodafone Group and Orange Business recently addressed the realities of AI deployments in their businesses at a FutureNet World panel. The panellists went on to explain that the technology is not necessarily an additional cost and could ultimately end up paying for itself by opening fresh business opportunities. Vodafone CTO Scott Petty used his spot on a panel to explain it did not hike capex to cover what he admitted is an aggressive level of AI investment, instead reallocating funds previously expended elsewhere. “In our case that’s by decommissioning legacy platforms, turning off process tools, getting rid of…
RIYADH — The Ministry of Interior has announced a fine of up to SR100,000 against anyone who shelters visitors holding any type of visit visa in violation of Hajj regulations during the current Hajj season. The penalty applies to those who shelter visit visa holders in any designated accommodation, including hotels, apartments, private residences, and shelter facilities, the ministry noted. It also applies to anyone who conceals such individuals or provides any assistance that enables them to remain in Makkah or the holy sites. These measures are being enforced from Dhul Qada 1, corresponding to April 19, to Dhul Hijjah…
RIYADH — Saudi Minister of Foreign Affairs Prince Faisal bin Farhan held a phone call on Thursday with Speaker of the Lebanese Parliament Nabih Berri. During the call, they discussed the latest developments in Lebanon and ongoing diplomatic efforts aimed at achieving a complete cessation of Israeli attacks against it. Prince Faisal reiterated Saudi Arabia’s support for the stability of Lebanon and to strengthening its state institutions. Speaker Nabih Berri praised the Kingdom’s role and its continuous efforts in supporting Lebanon’s security and the broader stability of the region. He further emphasized Lebanon’s commitment to the Taif Agreement and its…
After 51 days of precautionary closure due to the US-Iran war, Global Village is reopening its gates on Monday, April 20, at 5pm. Many UAE residents shared their excitement on social media when the news was announced. Here is everything you need to know about the entertainment destination: Tickets Visitors can buy tickets online or on the app before arriving at Global Village. Weekday tickets valid Monday to Thursday, excluding public holidays, start at Dh25 per person. Any day tickets cost Dh30. Children under 3, seniors over 65, and people of determination have free entry. Tuesdays are reserved exclusively for…
PIF and State Street Investment Management (State Street IM), one of the world’s largest asset managers, today announced the launch of the State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Ticker: SAQL) with PIF as anchor investor. The fund actively invests in equities of companies in Saudi Arabia using a quantitative multi-factor stock selection model. SAQL has its primary listing on the Xetra exchange in Germany and is cross listed on the LSE in the United Kingdom, where a bell ringing ceremony was held. The fund will be available to investors in both markets as well as investors across…
Danny Jenkins, Co-Founder and CEO of ThreatLocker, has written an op-ed on the stark warning issued by the UAE Cyber Security Council, which he believes should make every boardroom in the country sit up and take notice. Danny Jenkins, CEO and co-founder of ThreatLocker, said the findings from a report conducted by the UAE Cyber Security Council should really serve as wake-up call to businesses all over the UAE. The recent warning from the UAE Cyber Security Council that more than 60% of financial attacks begin with stolen login credentials should concern every boardroom in the country. Credential theft is…
RIYADH — The Saudi Council of Health Insurance (CHC) announced on Thursday the issuance of 100 decisions to impose fines, amounting to a total of SR4 million, on employers during the first quarter of 2026. This is for the violation of the provisions of the Health Insurance Law. The Council stated that these fines were imposed after granting violators a grace period to rectify their violations before taking legal action against them. This is based on Article 41 of the Health Insurance Law, which stipulates that employers are obligated to enroll in the health insurance program for their insured employees…
Summary of Results for 1Q26: •Total Operating Income: remained stable at SAR3,612 million (1Q 2025: SAR 3,620).•Net Loans and Advances: increased by 10% year-on-year to SAR307 billion (1Q 2025: SAR279 billion).•Customer Deposits: increased by 14% year-on-year to SAR331 billion (1Q 2025: SAR290 billion).•Total Equity: increased by 11% year-on-year to SAR81 billion (1Q 2025: SAR73 billion).•Net Profit after Zakat and Income: SAR2,086 million, a 2% decrease year-on-year from SAR2,135 million in 1Q 2025, due to the provisions taken. Ms. Lubna S. Olayan, Chair of the Board of Directors of the Saudi Awwal Bank (SAB), announced on Thursday the Bank’s financial results…
Bangladesh has confirmed 30 deaths in a measles outbreak that has spread rapidly across the country, with most of the victims aged under two, the World Health Organisation said on Thursday. In what it described as a reversal of progress towards measles elimination in Bangladesh, the WHO said there had also been another 166 suspected deaths from the disease since mid-March. Health experts said it was the highest death toll from measles in decades. More than 19,000 suspected cases were reported from March 15 to April 14 and nearly 3,000 cases were confirmed in laboratory tests, the WHO said. Stay…