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PM inaugurates Charlapalli Railway Terminal in Hyderabad for regional development

Hyderabad, Jan 6 (IANS) Prime Minister Narendra Modi on Monday virtually inaugurated the Charlapalli Railway Terminal in Hyderabad and said this would accelerate regional development. It is the fourth terminal station in Telangana after Secunderabad, Hyderabad and Kacheguda. The new terminal in the Medchal-Malkajgiri district on the eastern side of Hyderabad has been developed as […]

Saudi Arabia’s PIF completes $7bn inaugural murabaha credit facility

RIYADH(RAHNUMA): Saudi Arabia’s Public Investment Fund has completed its inaugural murabaha credit facility worth $7 billion, as part of its medium-term capital-raising strategy. The Shariah-compliant financing is backed by a syndicate of 20 international and regional financial institutions, according to a press release. A murabaha credit facility is a financing structure compliant with Islamic principles, […]

Sri Lankan Embassy holds cricket tournament to mark ties with Saudi Arabia

RIYADH(RAHNUMA): The Sri Lankan Embassy in Riyadh recently held a cricket tournament to mark 50 years of diplomatic relations between the Asia nation and Saudi Arabia The embassy organized the event in collaboration with the Sri Lankan Cultural Forum in Riyadh. Last year marked the half century of ties between the two nations. The tournament […]

Closing Bell: Saudi main market gains to close at 12,105 points

RIYADH(RAHNUMA): Saudi Arabia’s Tadawul All Share Index edged up on Monday, gaining 34.87 points, or 0.29 percent, to close at 12,104.69. The total trading turnover of the benchmark index was SR6.43 billion ($1.71 billion), as 137 of the listed stocks advanced, while 94 retreated. The MSCI Tadawul Index also increased by 1.07 points, or 0.07 […]

Makkah authorities on high alert amid heavy rains

JEDDAH(RAHNUMA): The Saudi Red Crescent Authority’s Makkah branch has increased its readiness in response to warnings of heavy rain issued by the National Center for Meteorology. On Monday, several regions of the Kingdom, including Makkah and Madinah, experienced heavy rain and thunderstorms, with the Civil Defense expecting the weather to continue until Wednesday, the Saudi […]

UAE foreign minister receives Syrian counterpart in Abu Dhabi

DUBAI(RAHNUMA): Syria’s new foreign minister, Asaad Al-Shaibani, was welcomed by United Arab Emirates Foreign Minister Abdullah bin Zayed Al Nahyan in Abu Dhabi for high-level talks on Tuesday. The meeting focused on strengthening bilateral relations and reaffirming the UAE’s support for Syria’s independence, sovereignty, and stability. The UAE foreign minister also expressed commitment to assisting […]

Saudi program empowers youth as global ambassadors

RIYADH(RAHNUMA): Saudi Arabia’s Youth Leaders Program welcomed its latest group of graduates on Monday, the Saudi Press Agency reported. The new graduates are the seventh group to complete the initiative, run by the Salam Project for Cultural Communication under the patronage of Foreign Minister Prince Faisal bin Farhan. Deputy Foreign Minister Waleed Elkhereiji attended the […]

TN Minister slams Governor Ravi for walking out of Assembly

Chennai, Jan 6 (IANS) Tamil Nadu Water Resources Minister and DMK General Secretary, S. Duraimurugan, has criticised Governor R.N. Ravi for walking out of the Assembly without delivering the customary address. Duraimurugan condemned the Governor’s actions, stating that R.N. Ravi has repeatedly demonstrated similar behaviour. He noted that the Governor’s refusal to deliver the address, […]