On January 27, Italian Prime Minister Giorgia Meloni said Italy is in favor of Saudi Arabia joining the Global Combat Air Program (GCAP), according to the Italian Prime Minister’s Office. Italy, Japan, and the U.K. launched the GCAP in December 2022 with a goal of deploying the next-generation fighter by 2035.

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts.

By bnm Gulf bureau STC Bank has received regulatory approval from the Saudi Central Bank (SAMA) to commence operations as a digital bank following successful completion of its pilot phase, the bank announced on January 29.

The U.K., Italy and Japan have already partnered on the Global Combat Air Programme, which aims to put a new stealth fighter with supersonic capability in the skies by 2035.

By bnm Gulf bureau Al Rajhi Bank, Saudi Arabia's largest Islamic lender, reported a significant increase in annual profits for 2024, with net income rising 18.6% to SAR19.7bn ($5.25bn), up from SAR 16.

A tech-fuelled rally on Wall Street faltered on Thursday as concerns about interest rates and high stock valuations sapped investor confidence.Trading in Asia got a lift from Wednesday's Wall Street rally that saw tech titans including Nvidia,

The highway leading west from Saudi Arabia’s capital city weaves through reddish dunes in the Ad-Dahna Desert, where summertime temperatures can surpass 50 degrees Celsius. About two hours into ...

Asian equities mostly rose Thursday, cheered by another tech-fuelled run-up on Wall Street after Donald Trump's huge AI investment announcement, as traders assessed the outlook for the next four years under the new president.

ISSY-LES-MOULINEAUX, France--Saudi Arabia’s capital Riyadh was chosen ... with the next one scheduled in Osaka, Japan, in 2025. A peek through the music industry’s curtain at the producers ...

Saudi Arabia strongly denounced on Thursday Israel’s brutal attack on the city of Jenin in the occupied West Bank, the Saudi Ministry of Foreign Affairs said. The ministry expressed the Kingdom’s strong condemnation and denunciation of the attack ...

Saudi Arabia and Japan have fortified their partnership through a newly signed memorandum of understanding (MoU) aimed at bolstering cultural cooperation. This agreement, finalized by Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan and ...

Italy signed agreements worth around $10 billion with Saudi Arabia as part of a strengthened strategic partnership, Italian Prime Minister Giorgia Meloni said after meeting Saudi Crown Prince Mohammed bin Salman.