Asia Finance International

Saudi Arabia posts $20.8bn budget surplus in Q2

Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]

Asia Headlines International Morocco

Moroccan-Israeli cooperation in security matters discussed in Rabat

Director General of National Security and Territorial Surveillance, Abdellatif Hammouchi, held a meeting, Tuesday in Rabat, with the Inspector General of the Israeli police, Yaakov Shabti, that focused on cooperation relations in the security field. The Israeli official is on a working visit to Morocco at the head of a large security delegation. The visit […]

Asia Headlines International Morocco

Morocco commended for its support to health sector in Al-Quds

The management of Al-Makassed Charity Hospital in Al-Quds, the largest hospital in Palestine, commended Morocco for its support for the health sector in Al Quds city. The hospital management expressed, in a statement released Wednesday, its thanks and gratitude to Morocco for its generous and continuous support to al-Makassed hospital, through the Bayt Mal Al […]

Asia Headlines International

Saudi Arabia submits bid to host 2029 Asian Winter Games

Saudi Arabia has submitted an official bid to host the 2029 Asian Winter Games in NEOM’s futuristic sport city of Trojena, the kingdom’s state-run press agency SPA reported on Wednesday. The bid includes a letter of interest to the Olympic Council of Asia (OCA) and a summary of the Saudi Vision 2030 which will support […]

Asia Headlines International Libya

Erdogan receives HoR’s speaker, PC member to discuss developments in Libya

Turkish President Recep Tayyip Erdogan, Tuesday, met up in Ankara with Speaker of the House of Representatives, Aqila Saleh, and member of the Presidential Council, Abdullah Al-Lafi to discuss the situation in Libya where Turkey wields a sway. Al-Lafi on Twitter said the meeting with the Turkish President dealt with political developments, noting that the […]

Asia International

Kuwait ruler dissolves parliament as PM presents new Cabinet team

Kuwait’s Emir on Tuesday issued a decree to dissolve parliament while Crown Prince Meshal Al-Sabah was presented a new Cabinet team by Prime Minister Ahmed Nawaf Al-Ahmad. Meshal Al-Ahmad Al-Jaber Al-Sabah, Kuwait News Agency (KUNA) reported, said the dissolution of parliament came “because of practices and actions that threaten national unity.” The date of the […]

Asia Headlines International Libya

Libya’s parliament Speaker in Turkey for rapprochement

Libyan Parliament Speaker Aguila Saleh travelled to Turkey Monday to seek rapprochement with Ankara to break the political deadlock in the oil-rich country which currently has two rival governments. The head of the Turkish-Libyan Friendship Group, Ambassador Ahmed Yildiz received Saleh, Al Wasat news website reports. Saleh will meet a number of senior Turkish officials […]

Asia Business International

Kuwait’s online toy shop Teeela eyes regional market expansion

Kuwait-based gifting e-commerce platform and toy shop Teeela is set to expand in the Middle East region to tap into the $30 billion gifting market, following a Pre-Series A funding round that raised $3.75 million, Zawya reports. Saudi Arabian investment firm Wealth Well, Mad’a Investment Company, Al-Akeel family and several other investors injected $3.75 million […]

Asia Headlines International Morocco

Saudi Arabia eager to draw inspiration from Morocco’s legislative experience

A delegation from the Saudi Shura Council, headed by the council’s Chairman Abdullah Ibn Muhammad Ibn Ibrahim Al Ash-Sheikh, held separate talks Monday in Rabat with the speakers of the two chambers of the Moroccan Parliament (deputies and advisers) on Morocco’s legislative experience. The talks highlighted by the signing of two Memoranda of Understanding between […]

Asia Business Headlines International

Israel-Jordan: Towards acceleration of joint industrial zone establishment

Israel Sunday said it would accelerate the process of setting up a shared industrial zone with Jordan as part of efforts to accelerate cooperation with the kingdom. “Twenty-eight years since the peace agreement with Jordan, we are taking the good neighborly relations between our two countries another step forward,” Israeli Prime Minister Yair Lapid said. […]