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Steven Gerrard appointed as head coach of Al-Ettifaq

RIYADH: Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq. The 43-year-old has been out of the game since being sacked by Aston Villa in October. “Where legends are found. We’re thrilled to announce Steven Gerrard is our new head coach,” the club said in a post on Twitter. Where legends are found
Business

Saudi Arabia unemployment rate Q1 2022 drops to 5.1%

RIYADH: Saudi Arabia’s jobs targets outlined in Vision 2023 have borne results, with its overall unemployment rate falling 0.9 percentage points to 5.1 percent in the first quarter of 2023 compared to the same period a year ago, official data showed.  According to the latest report by the General Authority for Statistics, the labor force participation of Saudis increased annually by 2.3 percentage points in the first quarter. The employment-to-population ratio also increased by 2.9 percentage points. 
Business

Real Estate Fund Deposits $244.1m in Sakani Accounts in June

RIYADH: Saudi Arabia is getting closer to its Vision 2030 home ownership goal, with the Kingdom’s Real Estate Development Fund on Monday depositing SR916 million ($244.1 million) in the accounts of affordable housing beneficiaries.  According to the Saudi Press Agency, Mansour bin Madi, CEO of the fund, said the total amount deposited from June 2017 to June 2023 has now surpassed SR49.3 billion. 
Business

Aramco and TotalEnergies Award $11 Billion Amiral Project Contracts

DHAHRAN, Saudi Arabia: Aramco and TotalEnergies have awarded engineering, procurement and construction contracts for the $11 billion Amiral complex, a future world-scale petrochemicals facility expansion at the Kingdom’s SATORP refinery. A signing ceremony took place in Dhahran attended by Amin H. Nasser, Aramco president and CEO, and Patrick Pouyanne, TotalEnergies chairman and CEO.
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Reuben Neves Joins Al-Hilal at His Peak

Ruben Neves has finally landed in Riyadh to finalize his move to Saudi Pro League side Al-Hilal, and it is a move that seems to have attracted attention for one thing above all else: his age. The Portuguese international is undoubtedly a massive talent in his own right but, in terms of profile, he is not quite in the same bracket as fellow Pro League players Cristiano Ronaldo or Karim Benzema. What he does have, though, is time on his side to reach that level.
Business

Saudi Arabia’s Financial Market Ranks 3rd in G20 Competitiveness Indicators

RIYADH: Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this year, revealed Switzerland-based International Institute for Management Development in its latest report. According to the IMD World Competitiveness Yearbook for 2023, the Kingdom’s performance epitomizes the ongoing efforts of the Capital Market Authority to implement global best practices. 
Business

UAE Central Bank Predicts 4.3% Growth for Emirates in 2024

RIYADH: A rebound in oil and non-oil activities is expected to help the UAE maintain its projected growth rate of 4.3 percent in 2024, the latest quarterly report from the apex bank showed.     In its economic review report for the first quarter, the Central Bank of the UAE forecast the country’s oil and non-oil gross domestic product in 2024 will grow at 3.5 percent and 4.6 percent, respectively.
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10 Malaysian Navy crew killed in midair helicopter collision

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The two helicopters were practising for an aerial display at the naval base of Lumut at the time of the incident.

Australia and Musk Clash Over Censorship

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Elon Musk and Australian Prime Minister Anthony Albanese clash over order to remove X posts on church stabbing.

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Israeli protesters burn Passover table outside PM’s house

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CAESAREA, Israel: Israeli protesters burnt a symbolic Passover table outside Prime Minister Benjamin Netanyahu’s house at the start of the Jewish holiday on Monday, accusing him of failing hostages in Gaza. Hundreds of protesters gathered outside the gates leading to the house in the coastal town of Caesarea, calling for the release of hostages abducted by Palestinian militants on October 7 and criticizing Netanyahu’s leadership. Israeli officials say 129 captives remain in the Gaza Strip after the Hamas attack, including 34 whom the military says are dead.

10 Malaysian Navy crew killed in midair helicopter collision

News 0
The two helicopters were practising for an aerial display at the naval base of Lumut at the time of the incident.

Popular

Australia and Musk Clash Over Censorship

Economy 0
Elon Musk and Australian Prime Minister Anthony Albanese clash over order to remove X posts on church stabbing.

Australia PM criticizes Musk’s X over stabbing video

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Anthony Albanese says decision to challenge takedown order for content related to church stabbing 'extraordinary'.

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