Saudi Arabia Financial News

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Megalodon’ is set to be unveiled in the year 2025 while aiming to become the world's tallest at an astonishing height of 1,000 feet, reported Express US.

Subscribe to enjoy similar stories. The U.S. and China are in a high-stakes race, with the energy security of America and its allies hanging in the balance.

Authorities have now identified the suspect as Taleb al-Abdulmohsen, a 50-year-old Saudi psychiatrist who has been living in Germany for approximately 20 years. Following the attack, German officials condemned the act, with Chancellor Olaf Scholz calling it a «terrible, insane» tragedy, particularly just days before Christmas. Scholz visited the site of the attack in Magdeburg on Saturday, alongside other national and regional politicians, laying flowers outside the main church. A memorial service was planned at the city’s Johanneskirche church later that evening, where mourners gathered to pay tribute to the victims.

Of these, three have been discharged from the hospital, while the Indian Mission is closely monitoring the condition of the remaining victims, sources said. The attack, which sent shockwaves across the globe, involved a car deliberately ramming into a crowd of people at the bustling Christmas market. At least five people were killed in the incident, including an adult and a toddler, according to Saxony-Anhalt Prime Minister Reiner Haseloff, as per reports by CNN.

In an official press release, the MEA expressed deep sorrow over the tragedy, stating, «We condemn the horrific and senseless attack at a Christmas market in Magdeburg, Germany. Several precious lives have been lost, and many have been injured. Our thoughts and prayers are with the victims.» The statement confirmed that the Indian Mission in Germany is in contact with the injured Indian nationals and their families, providing all possible assistance. «Our Mission is in contact with Indians who are injured, as well as their families, and rendering all possible assistance,» the statement read.

The alleged attack Friday evening in Magdeburg, about 130 kilometers (80 miles) west of Berlin, killed a 9-year-old and four adults and injured 41 people badly enough that authorities warned the death toll could rise. Magdeburg marked the tragedy Saturday with the tolling church bells at 7:04 p.m., the exact time of the attack in the city of roughly 240,000 people.

However, for many of the city's citizens, all of that craziness has now vanished and transformed into sheer grief. Others are experiencing high levels of tension, and some are wondering if they will be better protected in the future. It is now dark in the Christmas market. It has been cordoned off completely. There is a lot of anger regarding security, and there is a lot of grief among many people right now.

Scheduled to take place in Saudi Arabia, this fight is expected to net Fury an impressive £60 million, as mentioned in a report by Mirror USA. However, should Usyk secure a second victory, Fury stands to lose nearly half of his prize money to the taxman.

Verified bystander footage distributed by the German news agency dpa showed the suspect's arrest on a walkway in the middle of the road. A nearby police officer pointing a handgun at the man shouted at him as he lay prone. Other officers soon arrived to take the man into custody. The two people confirmed dead were an adult and a toddler, but officials said additional deaths could not be ruled out because 15 people had been seriously injured.

Christmas market in the eastern German city of Magdeburg on Friday, killing at least two people and injuring at least 60 others in what authorities called a deliberate attack.The driver was arrested at the scene shortly after the car barreled into the market at around 7 p.m., when it was teeming with holiday shoppers looking forward to the weekend.Verified bystander footage distributed by the German news agency dpa showed the suspect’s arrest on a walkway in the middle of the road. A nearby police officer pointing a handgun at the man shouted at him as he lay prone.

Va Tech Wabag tumbled more than 11% on Wednesday after the company announced the cancellation of a ₹2,700 crore order for a 300 MLD mega seawater desalination plant from the Saudi Water Authority (SWA). The stock, which fell as much as 20% intraday, closed at ₹1,672.95 apiece on the BSE. Despite the setback, analysts view the correction as a buying opportunity, citing the company's strong order book of ₹11,900 crore and robust long-term growth prospects.

Mohammed Bin Salman, MBS for his devout, it may be the biggest victory yet in his push to use sport as a way to lure tourists, build influence and improve the country's image. “This is huge for MBS and the Saudi state. Arguably the pinnacle of their sports strategy so far,” said Stanis Elsborg, head of Play the Game, a Denmark-based research body into ethical standards in sport told Bloomberg. “But for MBS, it’s not just about hosting a tournament.” ALSO READ: Elon Musk's net worth reaches record high. Here's how he built his venture

Subscribe to enjoy similar stories. TEL AVIV—Israel’s defense minister signaled the country is planning to keep tighter and longer-term security control over territory just across its border in Syria and in Gaza, taking advantage of its weakened neighbors to better insulate itself from possible threats. Israel seized control of the 155-square-mile buffer zone separating it from Syria after the Assad regime that had ruled the country for more than half a century collapsed just over a week ago.

Ambuja Cement, Alivus Life, Route Mobile, Aurobindo Pharma, LTIMindtree among others will be in focus due to various news developments. Piramal Enterprises Piramal Enterprises announced that the administrative committee of its board of directors will meet on December 20 to consider public issuance of non-convertible debentures (NCDs).

The PGA Tour is hiring a CEO for the first time

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

Russian crude oil dropped in November to its lowest level since June 2022 but the Kremlin continues to be the biggest source of oil for India, according to a monthly tracker report of a European think tank. India became the second biggest buyer of Russian crude oil since Moscow invaded Ukraine in February 2022, with purchases rising from less than one per cent of the total oil imported to almost 40 per cent of the country's total oil purchases. The rise was primarily because the Russian crude oil was available at a discount to other internationally traded oil due to the price cap and the European nations shunning purchases from Moscow. «India's imports of Russian crude oil dropped by a massive 55 per cent in November — the lowest figure since June 2022,» the Centre for Research on Energy and Clean Air (CREA) said its latest report.

IndiGo flight en route to Jeddah, Saudi Arabia, was on Saturday forced to make an emergency landing at the Jinnah International Airport in Pakistan's Karachi city following a medical emergency onboard. The aircraft, which departed from New Delhi, was in Pakistani airspace when a male passenger fell seriously ill, according to sources from the Civil Aviation Authority (CAA). According to Geo News, the passenger was a 55-year-old Indian man.

“My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia’s decades-long cinema ban