The Prime Minister, Najib Mikati, held a series of ministerial meetings at the Grand Serail. In this context, the PM met with Economy and Trade Minister, Amin Salam, to discuss the country’s food crisis. This was in light of the citizens’ mounting fear of a possible shortage of wheat for bread, in Lebanon, a staple necessity. Salam told Mikati that Lebanon only has enough wheat to last for a month or a month and a half at most. Moreover, he confirmed that the Council of Ministers also authorized the Directorate of Grains and Sugar Beets to purchase 50,000 tons of…
Author: menewscast.com
The leading real estate developer in Sharjah, Alef Group, has launched its new project, Hayyan under the theme Making Homes Human. With an estimated value of AED3.5 billion, the project covers 8.7 million square feet, embodying the spirit of Sharjah, with a total of 1,836 villa units spread out over three distinct zones. The project should be completed by the second half of 2025. The first area of the project is divided into three different phases. The project’s first phase will see the delivery of 268 villas in the vibrant Aryam neighborhood designed to the highest standards, which includes a…
In a UN Security Council resolution on Yemen, Egypt condemned the cross-border attacks of the Iran-backed Houthis against civilians and civil infrastructure in Saudi Arabia and the United Arab Emirates (UAE) and called for an immediate ceasefire. The Egyptian Foreign Ministry Spokesperson, Ahmed Hafez, expressed Egypt’s appreciation for the extension of the measures and sanctions imposed by the Security Council resolutions on the Yemeni crisis in an official statement. Egyptian authorities have also welcomed the expansion of the arms embargo on Yemen, as well as condemning attacks on civilian and commercial vessels off Yemen’s coast. Moreover, Hafez said the country…
His Highness Sheikh Mansour bin Zayed Al Nahyan, the UAE’s Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Central Bank of the UAE (CBUAE), presided today over a meeting of the board in Qasr Al Watan. Sheikh Mansour welcomed the participants and thanked the UAE Central Bank for its efforts to support financial stability in the banking sector. During the meeting, Sheikh Mansour was informed about the progress of the implementation of plans, which align with the future economic strategies of the country aimed at achieving digital inclusion and green finance. By the end of 2026, the…
FIFA and UEFA have announced that, following the initial decisions adopted by the FIFA Council and the UEFA Executive Committee, all Russian teams, whether national representative teams or club teams, will be suspended from participating in both FIFA and UEFA competitions until further notice including the forthcoming FIFA World Cup in Qatar. These decisions were made by the Bureau of the FIFA Council and the Executive Committee of UEFA, respectively the highest decision-making bodies in both institutions. Football is fully united here and in full solidarity with all those affected by the conflict in Ukraine. Both Presidents hope that the…
The Saudi telecom giant stc has posted a 3 percent increase in net profit for 2021, up to SR11.3 billion ($3 billion). A 7.6 percent increase in revenues led to a SR316 million increase in net profit, the Riyadh-based telecom operator said in a statement. Revenues during the year totaled SR63.4 billion, up from SR58.9 billion in 2020. Olayan Alwetaid, stc’s chief executive officer, said that this growth was driven by the strong performance of the enterprise business unit, which grew revenues by 20.9 percent. The wholesale business and residential segments both saw a boost in sales of 2.9 and…
Iraq’s Foreign Minister Fouad Hussein and Saudi Foreign Minister Prince Faisal bin Farhan met on the sidelines of the recently concluded Munich Security Conference in Munich, Germany. Discussions took place between the two sides regarding ways to further enhance bilateral cooperation between Iraq and Saudi Arabia. Saudi Arabia’s Foreign Minister stressed the importance of Iraq’s stability and its role as a leader in the Middle East region. The 58th Munich Security Conference (MSC) took place in Munich from February 18 to 20, 2022 at its traditional venue, the Hotel Bayerischer Hof. Since the COVID-19 pandemic, the 2022 MSC has maintained…
Aston Martin Cognizant Formula One Team and Aramco announced a long-term strategic partnership recently, which will support the development of highly efficient engines, high-performance sustainable fuels, advanced lubricants and deployment of non-metallic materials in vehicles. The collaboration includes joint research and development, team sponsorship rights, a licensing agreement, and exclusive branding and endorsement rights for Aramco fuels and lubricants. Therefore, the new team will be called Aston Martin Aramco Cognizant Formula One Team. With more than 1.9 billion fans worldwide, Formula One is the world’s leading motor racing event. Aramco’s partnership with Formula One supplements its status as a global…
The Four Points by Sheraton Jeddah, Corniche Obhur was officially opened recently by Al-Murjan Holding, a leading provider of tourism, health, and real estate development services in Saudi Arabia. This move further cements the group’s commitment to this sector along with its expanding footprint. The four-star hotel covers an area of 30,133 square meters and consists of 301 rooms on 17 floors. Dining facilities, a fitness centre, a swimming pool, a business centre, a ballroom, and meeting rooms are also included. Four Points Hotel Jeddah Corniche is one of the most notable accomplishments of Al-Murjan Holding, which reflects the group’s…
A Memorandum of Understanding (MoU) has been signed between the Saudi Tourism Authority (STA) and Emirates to increase inbound tourism to Saudi Arabia and attract new segments of travelers. Through the agreement, Emirates will use its global network of over 120 cities to promote the Saudi Arabian experience and encourage leisure travelers to visit the Kingdom’s unique attractions. The Memorandum of Understanding was signed in the presence of Fahd Hamidaddin, CEO and Board Member of the Saudi Tourism Authority, and Adnan Kazim, Emirates’ Chief Commercial Officer. Adil Al Ghaith, Senior Vice President Commercial Operations, Gulf, Middle East and Central Asia,…