Victory certain for EU-skeptic Radev in critical Bulgarian election
Former Bulgarian President Rumen Radev has defeated former Prime Minister Boyko Borissov by 30 points in Bulgaria’s general election, according to preliminary exit polls. With some 96% of votes counted, Radev's Progressive Bulgaria coalition has won 44.7% of the vote, followed by Borissov’s GERB-SD»»»
Saudi investment pipeline active as reforms advance, says Pakistan minister
ALULA: Pakistan’s Finance Minister Mohammed Aurangzeb described Saudi Arabia as a “longstanding partner” and emphasized the importance of sustainable, mutually beneficial cooperation, particularly in key economic sectors. Speaking to Arab News on the sidelines of the AlUla Conference for Emerging M»»»
Global trade isn’t deglobalizing — it’s reshuffling, Harvard economist says
ALULA: Global trade is not retreating into deglobalization despite geopolitical shocks, but is instead undergoing a structural reshuffling led by US-China tensions, according to Harvard University economist Pol Antras. Presenting research at the AlUla Emerging Market Economies Conference, Antras sa»»»
Oman private sector grows in Q4 2025 as value added, jobs rise
JEDDAH: Oman’s private sector recorded steady growth in the fourth quarter of 2025, with the number of active private enterprises rising by 0.2 percent to 268,286, compared to 267,734 in the same period of 2024, according to official data. Medium-sized enterprises posted the strongest growth in the»»»
Closing Bell: Saudi main index slips to close at 11,464
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 89.62 points, or 0.78 percent, to close at 11,464.54. The total trading turnover of the benchmark index was SR4.92 billion ($1.31 billion), as 89 stocks advanced while 172 declined. Similarly, the Kingdom’s parallel market Nom»»»
Modern agriculture raises some Saudi farmers’ yields by $0.08 per kilogram
RIYADH: Investing in the restoration of arid and degraded lands is a highly profitable economic investment. Every dollar spent yields direct and indirect economic benefits ranging from $7 to $30. This highlights the significance of Saudi Arabia’s success in rehabilitating the first million hectares»»»
Saudi treasury holdings rise 19% to $160.4bn in February
RIYADH: Saudi Arabia’s holdings of US Treasury securities rose 19 percent in February to $160.4 billion, the highest level in recent years, as the Kingdom increased purchases of short-term debt, official data showed. The total was up from $134.8 billion in January and 26.9 percent higher than $126.»»»
Startup wrap — Early stage funding momentum, IPO plans continue in MENA region
RIYADH: Startups operating in the Middle East and North Africa witnessed multiple funding rounds across various sectors last week, even as the conflict in Iran continued to rattle the market. This momentum builds on the record $7.5 billion funding received by startups in 2025, representing a 225 pe»»»
Oil rises 6% on renewed US-Iran tension
SINGAPORE: Oil prices jumped more than 6 percent on Monday, on fears that the ceasefire between the US and Iran could collapse after the US seized an Iranian cargo ship, while traffic through the Strait of Hormuz stayed largely halted. Brent crude futures advanced $5.47, or 6.05 percent, to $95.85»»»
Startup wrap — Funding momentum continues amid Iran conflict
RIYADH: Startups in the Middle East and North Africa region secured multiple funding rounds across different sectors across the beginning of April, despite ongoing market uncertainty caused by the conflict in Iran. This positive momentum continues from the record $7.5 billion raised by MENA startup»»»
Startups secure fresh funding as regional momentum builds
RIYADH: Global and regional startups continued to attract capital across fintech, healthtech, e-commerce, and proptech, as investors backed platforms focused on financial infrastructure, consumer services, and data-driven solutions. Saudi Arabia-based fintech Lean Technologies has received a major »»»
Algeria launches global bid round for oil, gas exploration across 7 fields
RIYADH: Algeria has launched a global bidding round for oil and gas exploration across seven fields, in a move that underscores the OPEC member’s efforts to boost production capacity and attract foreign investment amid a volatile global energy market shaped by the Iran war. Samir Bekhti, president »»»
Riyadh Air adds Jeddah, Madrid and Manchester to expanding network
RIYADH: Riyadh Air, Saudi Arabia’s newly launched national carrier backed by the Public Investment Fund, is set to add three new destinations — Jeddah, Madrid and Manchester — as it expands its network. The move signals the airline’s continued efforts to establish a global footprint ahead of its pl»»»
Saudi real estate prices fall 1.6% in Q1: GASTAT
RIYADH: Saudi Arabia’s real estate price index declined by 1.6 percent in the first quarter of this year compared to the same period in 2025, driven by a softening residential market that offset stronger commercial sector gains, official data showed. According to the General Authority for Statistic»»»
Saudi Arabia backs stronger global action on illicit finance: SAMA governor
RIYADH: Saudi Arabia supports stronger global cooperation to combat illicit finance, central bank governor Ayman Al-Sayari said, highlighting the financial sector’s resilience at global financial gatherings in Washington. The comments came during the Financial Action Task Force ministerial meeting »»»
Syria secures World Bank support for reserve, gold management
RIYADH: Syria’s financial sector is set to strengthen as the World Bank has agreed to support the central bank in rebuilding foreign currency and gold reserves, boosting liquidity after years of conflict. The agreement follows talks between Central Bank Governor Abdulkader Husrieh and Katarzyna Zaj»»»
Eastern Province to host $267m private sector sports project after Riyadh forum deal
JEDDAH: Saudi Arabia’s Eastern Province is preparing to welcome a SR1 billion ($267 million) private sector-driven sports development project after a major agreement was concluded during the Sports Investment Forum in Riyadh. The deal for the planned Dammam Sports City was formally signed by Talal »»»
Logistics, entertainment help lift Saudi Operating Revenue Index 5.9%
RIYADH: Business activity across Saudi Arabia in February helped lift the Kingdom’s Operating Revenue Index by 5.9 percent year on year, with manufacturing, mining and transportation all posting gains. In its latest report, the General Authority for Statistics noted that the biggest annual rise cam»»»
Slaveski and IMF’s Bo Li reaffirm central bank independence and need for caution amid global risks
Washington, 19 April 2026 (MIA) - Governor of the National Bank Trajko Slaveski, together with Finance Minister Gordana Dimitrieska-Kochoska and the delegation, held a meeting with IMF Deputy Managing Director Bo Li on the sidelines of the IMF and World Bank Spring Meetings taking place in Washingt»»»
Xi tells Saudi Crown Prince passage through Hormuz 'should be maintained': state media
Beijing: Chinese President Xi Jinping told Saudi Arabia's Crown Prince HRH Mohammed bin Salman in a phone call on Monday that "normal traffic" through the vital Strait of Hormuz "should be maintained", state media said. “Normal navigation through the Strait of Hormuz should be maintained, this is i»»»
Western Policy Aimed at Deterring Russia, China Threatens International Peace - Moscow
MOSCOW (Sputnik) - The policy of the West, which is aimed at deterring Russia and China, poses a threat to international peace and security, Russian Deputy Foreign Minister Evgeniy Ivanov said on Monday. "If we talk about the external perimeter, then the main threat to international peace and secur»»»
Weekend deals Qatar: A ‘two-list’ system to save money without wasting your weekend
Doha, Qatar: Weekends in Qatar move fast. You sit down to plan one or two purchases… then the “quick check” turns into endless scrolling through Qatar offers, screenshots, and half-remembered messages. By the time you decide, you’ve either overpaid or you’re too tired to buy anything at all. A smar»»»
Youth, 16, charged over severe hit-and-run accident
An Athens prosecutor on Monday brought criminal charges against a 16-year-old motorcyclist over a severe weekend hit-and-run accident that left a teenage girl critically injured. The youth, who has been identified as a Sudanese national, was formally accused of dangerous driving that resulted in se»»»
Central Election Commission: Based on 100% of Tally Sheets, Progressive Bulgaria Wins with 44.6%, GERB-UDF Second with 13.4%
The Central Election Commission (CEC) has published preliminary results from the parliamentary elections held on April 19 based on 100.00% of tally sheets of the section election commissions processed at the constituency election commissions as at 15 p.m. on Monday. Following are the parties and co»»»
5 ways to get more magnesium without taking a supplement
Magnesium supplements are among the most popular dietary supplements in America. Experts say that’s because magnesium plays an important role in our health. It helps regulate blood pressure and blood sugar levels. It supports your immune system and muscle health. And it can help you get a good nigh»»»