Saudi holdings of US Treasuries rise by $2.4bn in July
CAIRO: Saudi Arabia’s holdings of US Treasury bonds rose by $2.4 billion in July compared to June 2022, the US Treasury data showed….
Category: Business & Finance
Saudi IT firm Al Moammar sees slight decline in H1 profits to $6m
RIYADH: Al Moammar Information Systems Co. reported a 6 percent drop in profits for the first half of 2022, weighed down by poor…
Crude rises; Oil firms end lawsuits against NNPC; Algeria says oil price volatility not due to market fundamentals
RIYADH: Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut…
Israel’s Mizrahi Tefahot Bank Q2 profit tops expectations
In the April-June period, the bank said it earned 1.05 billion shekels ($325 million), up from 988 million a year earlier. Mizrahi Tefahot,…
New Israeli innovation could mean more avocados for everyone in the near future
Researchers at MIGAL Galilee Research Institute have developed a way to produce avocado starts in sterile tissue cultures- a global first. The simple…
First Excel NFTs include renderings of Ukraine’s Zelensky
All proceeds from the first-ever Microsoft Excel NFTs will go to the victims of the ongoing Russian invasion of Ukraine. The first-ever Microsoft…
Bee-free honey attracts big-time mystery investor
Upwards of $30 million dollars in investment money is on the line in a new deal between Bee-io and an unnamed investor. The…
Former Twitter employee found guilty of spying for Saudi Arabia
Abouammo failed to register as a foreign agent and thus was found guilty of six counts of conspiracy to commit wire fraud and…
Disney+ funding Israeli content, no sports, more news channels amongst new broadcast reforms
A potentially groundbreaking bill has been submitted for public comment that could reshape the Israeli broadcast industry if it passes. The Communications Ministry…