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RIYADH: Saudi Arabian Mining Co., widely known as Ma'aden, posted a net profit of SR2 billion ($532 million) in the first half of 2024, a significant 160 percent increase compared to the same period in 2023. This increase in profitability was driven by several key factors. A major contributor to this financial success was a … Read more

LONDON: The UK's approach to countering extremism has been criticized for being “two-tiered”, with far-right attacks not being taken as seriously as Islamist attacks, according to a leading think tank. The Royal United Services Institute has raised concerns that right-wing violence is often dismissed as “mere violence” by politicians, prosecutors and security services, The Observer … Read more

LONDON: Algeria's national rail transport company announced on Sunday the resumption of rail services on the line between Algeria and Tunisia after a nearly 30-year hiatus. The service officially resumed on Saturday, with the first commercial flight departing Tunis on Sunday, according to media reports. Commercial traffic from Algeria's Annaba station is due to start … Read more

RIYADH: Saudi Arabia's Tadawul All Share Index rose 104.57 points, or 0.90 percent, to close at 11,771.69 on Sunday. Total trading turnover for the benchmark index was SR5.09 billion ($1.35 billion) as 162 stocks advanced while 61 declined. The royal parallel market Nomu fell 293.95 points, or 1.14 percent, to close at 25,521.34. This is … Read more

LONDON: The UN High Commissioner for Refugees has praised the refugee Olympic team for its achievements at the 2024 Paris Olympics, where the team made history as the largest refugee contingent in history and secured its first-ever Olympic medal. The ROT, which included 37 athletes competing in 12 sports, represented the aspirations of 120 million … Read more

LONDON: At a London sports ground, Maya Hassan looks on with pride as about 30 women, almost all Muslim and ethnic minorities, join a self-defence class she has organized in response to a wave of riots that have seen violent and racist attacks. Muslims and migrants. The 28-year-old martial arts expert said she wanted to … Read more

AMMAN: King Abdullah told a delegation of US congressional advisers at the Al-Husseiniya Palace on Sunday that Jordan will not be drawn into the ongoing conflict in Gaza and will prioritize the safety of its citizens. King Abdullah reaffirmed Jordan's commitment to regional stability while calling for urgent efforts to de-escalate tensions and secure an … Read more

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

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