DIRS.INFO The most relevant business & tech news

☆ Saudi money is pouring into Hollywood and media, 5 years after the murder of Jamal Khashoggi. Here's who's cashing in and how.
▼ + stars: | 2023-03-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +13 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Even those media players that are comfortable with invetment from the Middle East may not find funds flowing, one Hollywood veteran said. A major live WWE event in Saudi Arabia is slated for May. Of the growing ties between US entertainment and media and Middle East investors, this person added, "Presumably media organizations got into this to help society make better decisions."

☆ First Saudi aid plane lands in Syria’s govt-held areas - state media
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

[1/3] A Saudi aid plane is seen, in the aftermath of a deadly earthquake, at Aleppo airport, Syria February 14, 2023. REUTERS/Firas MakdesiBEIRUT, Feb 14 (Reuters) - A Saudi aid plane landed at a Syrian airport held by the government of President Bashar al-Assad on Tuesday in the first such shipment from the kingdom that has backed the armed opposition to Assad during the country's 11-year civil war. It said the operation was carried out on the orders of Saudi Arabia's King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. The person, who was not identified, said that Tuesday's plane was the first of several set to arrive over the next days. Reporting by Timour Azhari, Kinda Makieh and Nayera Abdallah; Editing by Tom Hogue and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Saudi Arabia was right to defy Biden over oil production, minister says, cementing a power play that seems to have paid off
▼ + stars: | 2023-01-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Saudi Arabia's foreign minister said at Davos the country was right to cut oil production. Foreign Minister Prince Faisal bin Farhan made the comment at the Davos economic summit in Switzerland on Wednesday. He addressed the diplomatic spat that erupted with the US last October after the Saudis announced alongside Russia that they would cut oil production. Analysts say that one of the reasons that Biden didn't follow through on threats to retaliate against Saudi Arabia over the cut was that oil prices did not spike, as some had expected. Oil prices overall have been volatile in recent months, driven by events such as Russia's invasion of Ukraine and China's COVID-19 lockdowns.

☆ Pakistan PM Sharif offers talks with arch-rival India
▼ + stars: | 2023-01-17 | by ( Asif Shahzad | ) www.reuters.com time to read: +2 min

ISLAMABAD, Jan 17 (Reuters) - Pakistan Prime Minister Shehbaz Sharif has offered his Indian counterpart talks over all outstanding issues, including disputed Kashmir, which he believes could be facilitated by the United Arab Emirates (UAE). He can play a very important role to bring the two countries on the talking table," Sharif said. The two arch-rival nuclear powers have fought three wars since independence from British rule in 1947. Tensions rose high when India unilaterally revoked the autonomous status of its part of Kashmir later in 2019, which Sharif said resulted in "flagrant" human rights violations. Sharif said the wars between the two countries brought nothing except misery, poverty and unemployment.

☆ Efforts under way to refloat ship stuck in Suez Canal, authority says
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Jan 9 (Reuters) - Efforts are under way to refloat a cargo vessel carrying grain from Ukraine that has run aground in the Suez Canal, the chairman of the Suez Canal Authority told Al-Arabiya TV on Monday. The M/V Glory ran aground while joining the southbound convoy transiting through the canal and tug boats are trying to refloat the vessel, Osama Rabie told Al-Arabiya. The ship is a Marshall Islands-flagged bulk carrier, data from trackers VesselFinder and MarineTraffic showed. It departed Ukraine's Chornomorsk port on Dec. 25 bound for China with 65,970 metric tonnes of corn, according to the Istanbul-based Joint Coordination Centre (JCC) overseeing Ukraine grain exports. The Suez Canal is one of the world’s busiest waterways and the shortest shipping route between Europe and Asia.

Bulk carrier Glory ran aground in the Suez Canal on Monday morning, according to shipping agency Leth, which said efforts to refloat the vessel were underway. An employee of the Suez Canal Authority, who could not be named as the news had not been officially announced, told CNBC that other ships in the canal were still able to pass the grounded Glory by around 7:30 a.m. London time. Arabic news channel Al-Arabiya cited Osama Rabie, chairman of the Suez Canal Authority, as saying that the ship had run aground but was being floated, according to a Google translation. The Suez Canal is one of the world's most important waterways, with its 120 miles hosting 30% of global shipping container traffic and 12% of all global trade worth about $1 trillion annually. In March 2021, a massive 220,000-ton tanker called Ever Given got stuck across the Suez Canal for six days, causing its longest-ever closure due to a ship and holding up some $60 billion of trade."

Summary Abraham Accords meant to lead to wider normalisationBut four new Arab partners of Israel now in tough spotHow to deal with rightists without ditching Palestinians? It is expected to be the widest-ranging deal of its kind between Israel and an Arab state. "This is the proof that one can make peace without concessions, without capitulation - but rather, peace, peace, between people who have affection for one another," he said in comments published by the conservative Israel Hayom newspaper. “Arab countries who formed normalisation ties with the state of occupation are required more than ever to revise these agreements,” he told Reuters by phone. Netanyahu has pledged to build on the achievement during his previous term of the Abraham Accords that opened the way for a possible normalisation of relations with other Arab countries.

☆ Analysis: Will Netanyahu clip the wings of his new cabinet hawks?
▼ + stars: | 2022-12-30 | by ( Dan Williams | ) www.reuters.com time to read: +6 min

Both are West Bank settlers averse to Palestinians' self-rule - let alone their hopes of statehood. Netanyahu's previous 15 years as premier saw him feathering the nests of the hawks in his cabinet - or clipping their wings - as he deemed necessary. But that may have to wait, as Ben-Gvir's portfolio does not grant major powers in the West Bank, which is under the overall control of the military. Arguably, Ben-Gvir, 46, and Smotrich, 42, can afford to shelve some of their agendas for this round with Netanyahu, 73. Smotrich's advocacy of Jewish claims on the West Bank is informed by a doctrinaire faith in Bible prophesy.

☆ Saudi's ACWA Power signs $1.5 bln agreement with Power China - Al-Arabiya
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: 1 min

K3 Capital said on Thursday it was in advanced talks to sell itself to U.S. private-equity firm Sun Capital Partners Group in a deal valuing the British professional services firm at 257.3 million pounds ($314 million). December 8, 2022

☆ Saudi Arabia approves 2023 budget, surplus seen shrinking - Saudi media
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: 1 min

RIYADH, Dec 7 (Reuters) - Saudi Arabia approved on Wednesday a 1.114 trillion-riyal ($296 billion) budget for 2023 expected to post a surplus of 16 billion riyals, Saudi media outlets reported. Saudi Arabia expects revenues of 1.13 trillion riyals next year, Saudi-owned Al Arabiya TV reported. Total revenues are forecast at 1.234 trillion riyals for 2022, while spending is 1.132 trillion riyals, meaning a surplus of 102 billion riyals, or 2.6% of GDP. GDP growth is forecast to slow to 3.1% in 2023 from 8.5% this year, an upwards revision of half a percentage point from a preliminary budget forecast. ($1 = 3.7600 riyals)Reporting by Aziz El Yaakoubi, Rachna Uppal, Nadine Awadalla, Alaa Swilam and Yousef Saba; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

RIYADH, Dec 7 (Reuters) - Saudi Arabia expects to post a second consecutive budget surplus in 2023, though down 84% from this year as an uncertain global economic outlook and lower crude prices look set to weigh on the top oil exporter's revenues. Spending is slightly lower than 1.132 trillion riyals this year. Revenues are expected at 1.13 trillion riyals, down from 1.234 trillion riyals in 2022 as oil prices are seen falling from this year's high levels. Public debt is seen falling 3.5% to 951 billion riyals next year, or 24.6% of GDP. Government reserves at the Saudi Central Bank are estimated to reach 399 billion riyals at the end of next year, the finance ministry said.

☆ Saudi's SNB to hold Credit Suisse stake for at least two years, chairman says
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Nov 2 (Reuters) - Saudi National Bank's (1180.SE) investment in Credit Suisse (CSGN.S) is tactical rather than strategic, its chairman said on Wednesday, adding that the Saudi lender expects to hold its stake in the Swiss bank for at least two years. SNB announced in October that it was taking part in Credit Suisse's capital raising and committed to investing up to 1.5 billion Swiss francs ($1.5 billion) to take a stake of up to 9.9%. Chairman Ammar Al Khudairy, speaking to Al Arabiya TV, said majority government-owned SNB would not consider selling its stake in the Swiss lender in the short-term. When asked whether the bank would raise its stake above 9.9%, Khudairy said there was no plan to do so. He also said the Saudi lender did not seek a seat on the Credit Suisse board.

☆ Saudi's Red Sea Development to open three resorts in 2023, 13 in 2024 - Al Arabiya
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Oct 25 (Reuters) - Saudi Arabia's flagship tourism project developer, The Red Sea Development Company (TRSDC), will open three resorts in 2023 and 13 more in 2024, the company's president told Al Arabiya on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Moataz Mohamed; Writing by Lina Najem; Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ O fetiţă de trei ani a murit, după ce tatăl a forţat-o să stea într-o cadă cu apă fierbinte timp de o oră
▼ + stars: | 2021-05-17 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

O fetiţă de doar trei ani a murit, după ce tatăl a forţat-o să stea într-o cadă cu apă fierbinte pentru că avea diaree. Tatăl a lovit-o pe copila de trei ani cu o frânghie înainte de o forţa să stea în cada cu apă opărită timp de o oră, ceea ce i-a ars trupul firav. Mai apoi, bărbatul a închis-o într-o cameră până la 9 seara, dar nu se şţtie cât de mult a fost forţată să rămână acolo. Nu este clar dacă mama este acuzată că a participat la incident sau dacă a fost interogată pentru că a permis să se întâmple un lucru atât de înfiorător. Potrivit Al Arabiya, ştirea a provocat indignare în rândul localnicilor care solicită pedeapsa cu moartea a tatălui și o pedeapsă mai dură pentru mamă.

Persons: Abdel Hamid, ştirea Locations: Ajdabiya, Libia, procuratură

☆ Израиль сообщил о нанесении ракетного удара по дому лидера ХАМАС в Газе
▼ + stars: | 2021-05-16 | by ( ) newsmaker.md time to read: +1 min

Ночью 16 мая армия обороны Израиля (ЦАХАЛ) нанесла ракетный удар по дому лидера политического бюро движения ХАМАС в секторе Газа Яхьи Синвара. Об этом сообщает «Новая газета» со ссылкой на Al Arabiya. ХАМАС в свою очередь продолжил обстрел Израиля, выпустив по территории страны более 120 ракет (около 11 из них упали на территории сектора, не перелетев через границу). Вооруженный конфликт между Израилем и ХАМАС разгорелся 10 мая, после решения израильских властей выселить несколько арабских семей из их домов в Иерусалиме и последовавшими за этим протестами. 10 мая группировка нанесла серию ракетных ударов по территории Израиля.

Persons: Яхьи Синвара, Синвар Organizations: ХАМАС, Новая газета, Гаарец, хамас, Израильское радио «Кан, СМИ, ЦАХАЛ Locations: Израиль (ЦАХАЛ), Газа, Израиль, Иерусалим

☆ В Бангладеш затонул паром с пассажирами
▼ + stars: | 2021-04-05 | by ( Mld Media Srl | ) noi.md time to read: 1 min

Спасатели ищут в воде выживших, но из-за погодных условий этот процесс сильно затруднен, сообщают местные СМИ. В Бангладеш после столкновения с другим судном затонул небольшой паром, на борту которого находились около 50 пассажиров. По информации издания, инцидент произошел на реке Шиталакшья в городе Нараянгандж около 18.30 по местному времени. Издание со ссылкой на местную полицию передает, что из-за погодных условий и волнения на реке спасатели не сразу смогли приступить к поискам пострадавших. Позже были названы имена погибших членов экипажа.

Organizations: СМИ Locations: Arabiya, Бангладеш, Шиталакшья, Нараянгандж, Румыния, Черное море

☆ Explozie pe un petrolier grec sub pavilion maltez, ancorat într-un port saudit
▼ + stars: | 2020-11-25 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Explozia s-a produs miercuri, în arealul portului Al-Shuqaiq, şi a provocat o gaură în carena petrolierului Agrari. Petrolierul ajunsese luni în portul Al-Shuqaiq.Incidentul nu a provocat poluare, potrivit dpa.Un angajat al operatorului grec TMS Tankers a confirmat între timp că Agrari a fost afectat de explozie, dar nu a furnizat alte informaţii.Potrivit Reuters, operatorul grec a anunţat că nava a fost lovită la un metru sub linia de plutire şi carena a fost străpunsă.Potrivit unui comunicat al Ministerului marinei comerciale, citat de agenţia de ştiri greacă ANA, cei şapte membri greci ai echipajului, inclusiv căpitanul, şi restul echipajului de până la 25 de oameni aflat la bordul Agrari sunt în afara oricărui pericol. Autorităţile saudite au declanşat o anchetă asupra incidentului. "Actele teroriste ale miliţiei houthi, cu sprijin iranian, ameninţă transportul maritim mondial şi comerţul", a anunţat alianţa, potrivit al-Arabiya.Până acum nu au existat reacţii din partea rebelilor houthi.Explozia care a afectat petrolierul Agrari intervine într-un context sporit de tensiuni între Arabia Saudită şi rebelii houthi din Yemen, care şi-au intensificat recente atacurile transfrontaliere împotriva monarhiei.Luni, rebelii houthi au anunţat că au lovit o staţie de distribuţie operată de gigantul petrolier saudit Aramco. Arabia Saudită a confirmat atacul, afirmând că un proiectil tras asupra acestei facilităţi din oraşul Jeddah a provocat un incendiu.Marţi, coaliţia condusă de Arabia Saudită care luptă împotriva houthi a anunţat că a distrus cinci mine navale despre care se presupune că au fost montate de houthi în sudul Mării Roşii, scrie agerpres.ro.

Persons: Tankers, ANA Organizations: Reuters, saudit Aramco Locations: Al -, Al, Arabia Saudită, Yemen, sprijiniţi, Iran, Jeddah

☆ Используемая военными США иракская база Айн-эль-Асад подверглась обстрелу
▼ + stars: | 2020-01-03 | by ( Mld Media Srl | ) noi.md time to read: +1 min

Иракская военная база Айн-аль-Асад, которую используют силы международной антитеррористической коалиции во главе с США, подверглась ракетному обстрелу. Об этом в среду сообщил иракский телеканал Al Sumaria со ссылкой на источник в сфере безопасности. По данным канала, по Айн-аль-Асад, расположенной в иракской провинции Анбар, "было выпущено более семи ракет, которые упали как на территории базы, так и по ее периметру". Официальный представитель возглавляемой США международной антитеррористической коалиции полковник Уэйн Маротто подтвердил факт нападения. Как утверждает телеканал Al Arabiya, ответственность за атаку взяла на себя некая "Бригада мести за аль-Мухандиса".

Persons: Al Sumaria, Al Arabiya, Уэйн Маротто, Абу Махди альМухандис, Касемом Сулеймани Organizations: Twitter, Маротто, АльКудс, Корпус стражей исламской революции (КСИР, ВС Locations: АйнальАсад, США, Анбар, АльБагдади, Иран, Багдад

Search resuls for: "Arabiya"

18 mentions found