RIYADH: Saudi Aramco shares surged to the maximum allowed 10 percent above their listing price on their debut in Riyadh on Wednesday. The stock jumped to SR35.2 ($9.39), up from the initial public offering (IPO) price of SR32 ($8.53), hitting the daily limit permitted by the Tadawul stock exchange and giving the company a valuation…
RIYADH: Saudi Aramco shares surged to the maximum allowed 10 percent above their listing price on their debut in Riyadh on Wednesday. The stock jumped to SR35.2 ($9.39), up from the initial public offering (IPO) price of SR32 ($8.53), hitting the daily limit permitted by the Tadawul stock exchange and giving the company a valuation…
MELBOURNE, Australia: The US Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters. The move would mark the first financial investment by the US military…
Harvey Weinstein and the board of his bankrupt film studio have reached a tentative $25 million settlement with dozens of women who accused the former Hollywood producer of sexual misconduct, The New York Times said on Wednesday, citing lawyers involved in the negotiations.The accord would end nearly all civil lawsuits by actresses and former Weinstein…
PRISTINA: Kosovo declared Peter Handke a ‘persona non grata’ on Wednesday in the latest protest against his induction as a Nobel literature laureate, barring the Austrian writer from a place he has visited numerous times.The Swedish Academy’s pick for the 2019 prize has reopened old wounds in the Balkans, where many see Handke as an…
PRISTINA: Kosovo declared Peter Handke a ‘persona non grata’ on Wednesday in the latest protest against his induction as a Nobel literature laureate, barring the Austrian writer from a place he has visited numerous times.The Swedish Academy’s pick for the 2019 prize has reopened old wounds in the Balkans, where many see Handke as an…
DUBAI: The date palm, which was recognized by UNESCO on Wednesday, has for centuries played an important role in the establishment and growth of civilizations in the hot and dry regions of the Arab world.Now date palm-related knowledge, traditions and practices have been inscribed on UNESCO’s list of Intangible Cultural Heritage of Humanity.The tree, whose…
SUR, OMAN: “We have water, and it’s the most important thing in a house,” says Abdullah Al-Harthi from the port city of Sur in Oman, a country that relies on desalination plants.But for Oman and the other Gulf countries dominated by vast and scorching deserts, obtaining fresh water from the sea comes at a high…
BEIRUT: Lebanon is losing more than $70 million a day as a result of the political and economic crisis, ministers say. There has also been an alarming decline in imports and the 2019 budget deficit will be much greater than expected, they added. Meanwhile private-sector bosses gathered to demand action, and revealed the devastating effects…
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DUBAI: A new generation in Saudi Arabia is doing its best to transform the country, and there is a greater tendency among young Saudis based in the West to return, according to a seasoned analyst of Middle East affairs. Norman T. Roule, CEO of Pharos Strategic Consulting LLC, which focuses on the Arab Gulf states and…
The Indian Embassy in Riyadh is hosting “Ambassador’s Choice: Screening of Films,” an annual diplomatic film festival where movies from a number of countries are screened every evening. The 8th edition of the festival was inaugurated on Dec. 5 at the embassy’s auditorium. Indian politician Suresh Prabhu, who is visiting the Kingdom, was the guest…
DUBAI: Back in October, it was announced that the global electronic music festival Ultra will be making its way to the UAE for the very first time. Taking place in Abu Dhabi next year on Mar. 5 and 6, the Miami-based music festival has just announced its lineup, and it's not one to miss. Organized…
Born a Crime is the story of a mischievous young boy who grows into a restless young man as he struggles to find himself in a world where he was never supposed to exist. It is also the story of that young man’s relationship with his fearless, rebellious, and fervently religious mother— his teammate, a…
Born a Crime is the story of a mischievous young boy who grows into a restless young man as he struggles to find himself in a world where he was never supposed to exist. It is also the story of that young man’s relationship with his fearless, rebellious, and fervently religious mother— his teammate, a…
RAWALPINDI: Pakistan’s captain Azhar Ali thanked Sri Lanka Tuesday for returning to Pakistan for the first Test tour there in a decade, after a fatal militant attack on their team in 2009 drove international cricket away. “It’s a historic occasion and all the players are excited to be part of this,” Azhar, who has played…
RAWALPINDI: Pakistan’s captain Azhar Ali thanked Sri Lanka Tuesday for returning to Pakistan for the first Test tour there in a decade, after a fatal militant attack on their team in 2009 drove international cricket away. “It’s a historic occasion and all the players are excited to be part of this,” Azhar, who has played…
MOSCOW: Russian high jump world champion Maria Lasitskene on Tuesday accused her country’s own sports authorities of failing to protect athletes from the deepening doping crisis, in a rare public broadside at top officials. The World Anti-Doping Agency (WADA) on Monday handed Russia a new, this time four-year, ban from top global sporting events, including the…
DUBAI: Signs are starting to emerge of a backlash against the oil and gas sector for its contribution to global warming, putting the industry at risk of being labeled the “new Big Tobacco,” according to prominent energy industry figures. Majid Jafar, CEO of Crescent Petroleum, the region’s first and largest privately owned oil and gas company,…
DUBAI: Signs are starting to emerge of a backlash against the oil and gas sector for its contribution to global warming, putting the industry at risk of being labeled the “new Big Tobacco,” according to prominent energy industry figures. Majid Jafar, CEO of Crescent Petroleum, the region’s first and largest privately owned oil and gas company,…
