Saudi Arabia Financial News

Former U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women’s soccer players who have signed an open letter protesting FIFA’s sponsorship deal with Saudi Arabian state oil giant Aramco

maternity leave pregnant again, was awarded a compensation of 28,000 pounds by an employment tribunal. The woman Nikita Twitchen, 27, was preparing to return to her office after having a baby when she found out she was expecting again. Before she could join back, her managing director Jeremy Morgan sacked her from her job to stop her going on another 36-week maternity leave, Daily Mail reported. Nikita Twitchen, an office administration assistant at First Grade Projects, began her role in October 2021. Left with no options to make her ends meet, Nikita was forced to take cleaning jobs while pregnant to support her family. She then took the building services firm First Grade Projects to an employment tribunal, launching an unfair dismissal claim, alleging that her pregnancy was the reason for her termination, where a judge ruled she was unfairly dismissed. ALSO READ: A Dive into Romance: Saudi couple gets married underwater in the Red Sea with attendees of fellow divers

Middle East's biggest hypermarket chains, kicked off an initial public offering on Monday that bankers say could be the UAE's largest this year. The offering by the conglomerate that runs more than 240 stores in the six countries belonging to the Gulf Co-operation Council comes during a retail spending boom in the region that is spurring domestic listings by companies in the sector. The listing, set to run from Oct. 28 to Nov. 5, will offer more than 2.582 billion shares, which are expected to start trading on the Abu Dhabi Securities Exchange on Nov. 14, Lulu's IPO document showed.

In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including those from China, India, Turkey and Iran

Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off its highly anticipated policy-easing cycle and benchmark indexes trading near record high levels. Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year.

West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians. Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, according to Hatim Omari, manager of a plant that bottles Pepsi, 7UP and Mirinda for sale in the Palestinian territories and neighboring countries.

health insurance products, driven by increased financial awareness, the impact of the COVID-19 pandemic, and competitive premiums in India. With a growing customer base in regions like the UAE, US, and Saudi Arabia, NRIs are increasingly turning to these insurance options to protect their families and secure healthcare benefits back home. Rising Demand for NRI Term Insurance NRIs now make up 12% of India’s total term insurance customers, with a compound annual growth rate (CAGR) exceeding 50% over the past two financial years, according to new data released by Policybazaar. The pandemic has acted as a wake-up call for many NRIs, underscoring the importance of life insurance as a financial safety net. Competitive premiums in India, coupled with the convenience of purchasing policies online, have made term insurance an attractive option.

counter-terrorist drills at various airports, official sources said. The threats via microblogging platform X came a day after three international flights originating from Mumbai received bomb threats, causing trouble to hundreds of passengers and airline crew. The messages posted on Monday were declared a hoax. Two more flights received similar threats on Tuesday but a confirmation was awaited. The sources said an X handle issued threats on Tuesday to five flights — an Air India Express flight from Jaipur to Bengaluru via Ayodhya (IX765), a SpiceJet flight from Darbhanga to Mumbai (SG116), an Akasa Air flight from Bagdogra to Bengaluru (QP 1373), an Air India flight from Delhi to Chicago (AI 127) and an Indigo flight from Dammam (Saudi Arabia) to Lucknow (6E 98).

Subscribe to enjoy similar stories. Thirteen years have passed since al-Qaeda’s last big plot against America, a botched effort to blow up New York’s subway in 2009. The war in Afghanistan is over.

Subscribe to enjoy similar stories. New Delhi: “Buy on the sound of cannons, sell on the sound of trumpets." — Nathan Mayer Rothschild 17 January 1991. Time: 2.38 am.

Mohun Bagan Super Giants has refused to travel to Iran to play Tractor SC in an Asian Champions League Two match scheduled for Wednesday because of the escalating security problems in the country and region. The Kolkata club asked the Asian Football Confederation to reschedule the match, which was due to take place in the northwestern city of Tabriz. The teams play in the continent's second-tier competition. The organization released a statement on Tuesday that said: «The matter will be referred to the relevant AFC Committees with further updates to be communicated in due course.»

Subscribe to enjoy similar stories. The Saudi oil minister has said that prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel.

Saudi citizens continued to decrease in the second quarter, falling to 7.1%, according to government data released on Monday, down from 7.6% in the previous quarter, and from 8.5% in the same period a year earlier. The overall rate of unemployment, which includes expatriate workers, fell to 3.3% in Q2, down from 4.1% in the prior year period, the General Authority for Statistics said. More than 60% of Saudi citizens are under the age of 30, and job creation — especially in the private sector — is a key focus of Crown Prince Mohammed Bin Salman's Vision 2030 programme, which seeks to stimulate the economy and diversify it away from oil.

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Soccer fans arriving in North America for the 2026 World Cup have been promised help with their cell phone coverage

Subscribe to enjoy similar stories. AFTER ALMOST 300 days, planning for the end of the fighting in Gaza is beginning to seem otherworldly. Politicians and generals have been talking about what might happen when the shooting stops since the start of the war in October.

Cristiano Ronaldo is currently the biggest star in Saudi Arabia football but this sudden development has sent shockwaves among the football community in the country. In one of the King's Cup' most important clashes, Ronaldo has suddenly been dropped from the squad, for unverified reasons. However, the chatter around this sudden benching of the player is claimed by reports that the manager wants the Portugal striker to get some rest ahead of more important clashes ahead.

Subscribe to enjoy similar stories. Many countries "piggyback" onto the visa approval systems of large developed nations, allowing visa-free entry or visas on arrival for Indian travellers holding valid US, UK, Canada, or Schengen visas. If you already possess a residence or even tourist visa issued by the US, UK or Schengen-area country, many third country doors will open for you.

Subscribe to enjoy similar stories. Hezbollah was scrambling Friday to recover from a week of blows delivered by Israel, including an unusually heavy series of airstrikes across southern Lebanon and attacks that caused electronic devices carried by thousands of the militant group’s members to explode virtually simultaneously across the country. The group is trying to determine whether any of its communications networks are safe as it searches for security gaps and hunts down the possibility of moles in the organization, people familiar with the matter said.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.