Yemen toll of flooding fatalities climbs to 61

AL-MUKALLA: Four internally displaced people were killed and many others injured in Yemen's central Marib province on Sunday as torrential rains and strong winds battered their tents. The four deaths bring the UN's death toll to 61 in Yemen since the end of July. The government's internationally recognized executive unit for internally displaced camps in … Read more

ACWA Power restructures debt and ownership in Turkish affiliate 

RIYADH: Saudi Arabian energy giant ACWA Power has restructured debt and ownership at its Turkish subsidiary, converting outstanding loans into equity in an agreement with major creditors and minority shareholders. ACWA Guc, which operates a 950 megawatt combined cycle gas turbine power plant in Kirikkale, Turkey, is partially and indirectly owned by ACWA Power. The … Read more

Qatar sees 36% rise in building permits issued in July

RIYADH: Remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 percent, according to the latest data from the Saudi Central Bank, also known as SAMA. This figure underscores the kingdom's significant role in global remittance flows and is evidence of the economic dynamism affecting the region. SAMA's latest bulletin … Read more