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Saudi Arabia delivered financial support to UNRWA, aiding its education and health programs for Palestinian refugees in the West Bank and Gaza.Amman, March 14, 2025 – Mohammed bin Hassan Moanes, the Charge d’Affaires at the Saudi Embassy in Jordan, delivered crucial financial support to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) on behalf of the Kingdom of Saudi Arabia. This contribution is set to help UNRWA fulfill its financial obligations and ensure the continuation of its vital programs aimed at supporting Palestinian refugees across the region.The financial aid, which underscores Saudi Arabia’s…

KSrelief’s Eng. Ahmed Al-Baiz met with Chadian Ambassador Hassan Aldjinedi in Riyadh to discuss enhancing humanitarian cooperation in Chad.Riyadh, March 14, 2025 – Eng. Ahmed bin Ali Al-Baiz, the Assistant Supervisor General for Operations and Programs at the King Salman Humanitarian Aid and Relief Center (KSrelief), held an important meeting on Wednesday in Riyadh with the Ambassador of the Republic of Chad to the Kingdom of Saudi Arabia, Hassan Saleh Aldjinedi. The discussion focused on enhancing the ongoing humanitarian and relief efforts in Chad, as well as exploring ways to strengthen bilateral cooperation in the field of humanitarian assistance.During the…

Wam EGA, one of the world’s largest aluminium producers, said on Wednesday volatility in aluminium prices is expected to continue in 2025 The UAE’s exports of aluminium to the US jumped in the first 11 days of March, data from the US Department of Commerce showed, as buyers stocked up on shipments from their second-biggest supplier before the US tariffs took effect on Wednesday. So far in March, the UAE exported 68,560.29 metric tonnes of aluminium to the US before the tariffs kicked in, compared to 16,124.88 metric tonnes in all of March 2024. The exports in March are already at…

The Saudi Stock Exchange’s main index rose by 20.95 points, closing at 11,725.88, while the NOMU index dropped by 37.56 points.Riyadh, March 14, 2025 – The Saudi Stock Exchange (Tadawul) saw a positive performance today, with the main index gaining 20.95 points to close at 11,725.88 points. This gain was supported by strong market activity, as the total trading value reached SAR 6.2 billion. The trading volume for the day stood at 270 million shares, reflecting a robust level of market participation.A total of 141 companies posted gains, signaling positive sentiment across a majority of sectors. However, 94 companies closed…

Oil prices rebounded on Friday to recover some of their more than 1% losses in the previous session, partly due to diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies. Brent crude futures rose 46 cents, or 0.7%, to $70.34 a barrel by 0406 GMT after settling 1.5% lower in the previous session. US West Texas Intermediate crude was at $67.03 a barrel, up 48 cents, or 0.7%, after closing down 1.7% on Thursday. Russian President Vladimir Putin said on Thursday that Moscow supported a US proposal for a ceasefire in…

KSrelief distributed 220 food baskets in Nouakchott, Mauritania, benefiting 1,320 individuals as part of its “Etaam” Ramadan initiative.Nouakchott, March 14, 2025 – The King Salman Humanitarian Aid and Relief Center (KSrelief) has successfully distributed 220 food baskets to families in need in the Teyarett District of Mauritania’s capital, Nouakchott. The initiative, which took place yesterday, benefitted approximately 1,320 individuals, providing them with essential food items during the holy month of Ramadan.This distribution is part of the larger “Etaam” Ramadan Food Basket Project, an annual initiative by KSrelief aimed at supporting vulnerable communities and ensuring food security in several countries during…

REGA participated in MIPIM 2025 in Cannes to showcase Saudi Arabia’s real estate regulations and promote investment in the sector.Riyadh, March 14, 2025* – The Real Estate General Authority (REGA) of Saudi Arabia is participating in the world-renowned MIPIM Real Estate Exhibition in Cannes, France, from March 11 to 14, 2025. MIPIM, which stands as one of the most prestigious real estate events globally, gathers industry leaders, investors, and experts from around the world. Through its presence at this high-profile event, REGA aims to highlight Saudi Arabia’s real estate regulations, organizational practices, and the significant role the sector plays in…

Dollar General on Thursday forecast annual sales and profit targets below estimates, joining a growing list of retailers that have signalled a grim year as still-high inflation and economic uncertainty dent consumer spending. Retailers including Walmart, Target, Home Depot and Best Buy have raised caution about weak consumer spending in 2025 due to tariff uncertainty, as well as potential price hikes the levies would bring about, Reuters reported. Shares of Dollar General were, however, up about 5% in premarket trading, as the discount retailer beat estimates for holiday-quarter sales and profit. The stock has slumped nearly 70% over the last…

Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in US gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 30 cents to $70.65 a barrel at 1140 GMT, while US West Texas Intermediate crude futures fell 31 cents to $67.37 a barrel. Both benchmarks rallied about 2% on Wednesday after US government data showed tighter-than-expected oil and fuel inventories. US gasoline inventories fell by 5.7 million barrels, more than the 1.9 million-barrel draw expected by analysts, while distillate stocks also dropped more than anticipated, despite gains…

Jazeera Airways Jazeera Airways CEO Barathan Pasupathi bought $15 million worth of shares in the airline Roughly $15m of shares Price rose then settled Plans to double passengers The CEO of Kuwait’s Jazeera Airways has bought nearly 50,000 shares in his own company as the airline embarks on a five-year plan to boost performance. Barathan Pasupathi purchased the shares between March 9 and 10, according to company disclosures on the Kuwaiti Bourse, worth roughly KD4.7 million ($15 million). Shares in the company opened higher on Thursday following the company’s announcement of the purchase, trading as high as 962 Kuwaiti fils…