Since headline inflation peaked in December of last year, one of the driving forces behind inflationary pressures moderating has been the drop in fuel prices. After peaking in June last year, fuel prices have been placing varying degrees of downward pressure on this consumer price index (CPI/0 component ever since.Continue Reading
The recent meeting by the US Federal Reserve has thrown an interest rate spanner into the works of global markets. Gone is the presumption of seamless rate cuts in 2024 to continue the ‘soft landing’ in the economy. In its place is a mantra of “higher for longer” for interestContinue Reading
RIYADH: Both sides in Yemen’s eight-year war have accused each other of attacks that break a relative lull in fighting and jeopardise peace talks that had been gathering momentum. Yemen’s Houthi movement has battled a Saudi-led coalition since 2015 in a conflict that has killed hundreds of thousands and leftContinue Reading
Is the price of potatoes still burning a hole in your pocket? Are staples like bread and milk eating into your budget? Prepare to eat cake: relentless weather extremes worldwide threaten a basket load of basic foods. Turbulent rains and drought are hammering crops in many parts of the world.Continue Reading
JERUSALEM: Israel offered its congratulations to Saudi Arabia on the kingdom’s national day Saturday as the two countries move closer towards a possible normalisation of ties.“We offer our sincere congratulations and blessings to the king, government and people of the Kingdom of Saudi Arabia on the occasion of the 93rdContinue Reading
Western countries have not only lost the industrial capacity required to fight a war, but they’re rapidly forgetting how to make the things they used to — and should consider bringing retired workers back to pass on their knowledge to the next generation, defence experts say. While recent headlines haveContinue Reading
American and Saudi officials are discussing terms of a mutual defence treaty that would resemble the robust military pacts that the US has with its close allies Japan and South Korea, a central component in President Biden’s high-stakes diplomacy to get Saudi Arabia to normalise relations with Israel, according toContinue Reading
JUBAIL: Solar panels soak up blinding noontime rays that help power a water desalination facility in eastern Saudi Arabia, a step towards making the notoriously emissions-heavy process less environmentally taxing.The Jazlah plant in Jubail city applies the latest technological advances in a country that first turned to desalination more thanContinue Reading
An Australian male tourist has gone viral for all the wrong reasons after filming himself entering the ‘women’s only’ train carriage in Japan. Turan William Salis, a former sheep shearer turned travel vlogger, has been blasted online after posting a clip of the brazen act and questioning why the countryContinue Reading
Energy stocks powered ahead amid the local share market’s worst performing day so far in September on a new set of weak GDP numbers. After a negative lead from Wall Street, the S & P/ASX 200 closed 0.8 per cent lower, shredding 57.2 points to close at 7.257.1 points atContinue Reading