Saudi Arabia and the world
Wednesday, Dec 08, 2021
The World in the Heart of the Kingdom
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Saudi Arabian Amiantit CEO says business rescue talks under way
The CEO of pipe maker Saudi Arabian Amiantit, Dr. Khalil Kurdi has said that the company is in negotiations with the government regarding a possible rescue of the company.
In an EGM, Amiantit’s board recommended to reduce the capital by 69 percent to reach SR99 million ($26.4 million), and then increase it later through rights issue amounting to SR221 million.
Kurdi revealed during an interview with CNBC Arabia on Wednesday that the capital was reduced to halt to the accumulated losses.
The company lacks the necessary liquidity to purchase production components and could not sell assets owned by it until liquidity became available, he added.
Comments on "Human Intelligence in a Digital Age" - A brilliant Speech by MI6 Chief Richard Moore, and the neglected elephants in the room
Justified compliments about Mr. Moore's speech have been spread extensively and appropriately in the pages of many newspapers, but I would like to remark on precisely what I thi...
Musk Tells SpaceX Team Company Is on Verge of Bankruptcy Amid Troubled Engine Production - Report
SpaceX, which employs 7,000 people, is valued at more than $100 billion. NASA has awarded it a $2.9 billion contract to create a lunar lander capable of carrying astronauts to t...
Saudi embassy: Man detained in Paris has 'nothing to do' with Jamal Khashoggi's case
The Saudi embassy in Paris early Wednesday refuted misinformation and false allegations by media about relating arrested citizen to Jamal Khashoggi’s case.
The best bars in the world for 2021 have been revealed
We're sorry, USA. Europe has completely trounced you at the cocktail game.
9/11 families push ahead in court with new front against Saudi Arabia
The families who lost loved ones in the 9/11 attacks have ramped up their pursuit for justice.
Once again, British lawmakers break the rules they enforce on their tax payers, then they “apologise”, and life goes on
And after the fake apology the stupid British people carry on following the rules the lawmakers break. Once again.
Foreign travelers to get registered on web application before entering Saudi Arabia
Saudi Arabia on Tuesday issued fresh guidelines for foreign travelers entering the Kingdom.
Fury as transgender UPenn swimmer, 22, who used to compete as a man smashes TWO US women's records in weekend competition and finishes one race 38 seconds ahead of her nearest rival
Lia Thomas, 22, smashed two U.S. swimming records at an Akron, Ohio contest. Thomas won the 1,650 freestyle in a record time of 15:59.71 beating her closest rival Anna Sofia Kal...
Saudi Arabia condemns bomb attack in Basra
Saudi authorities strongly condemned a “terrorist bombing” near a hospital in the city of Basra in southern Iraq.
UK “freedom of press”: TV show deletes poll after 89% oppose mandatory vaccination
ITV breakfast television show ‘Good Morning Britain’ received backlash on social media after deleting a poll which showed a vast majority of respondents opposed mandatory Covid-...
New Iranian law could ban owning 'dangerous animals', including crocodiles and…cats
Many have been calling the bill recently proposed in the Iranian parliament absurd – 75 Iranian representatives want to ban their fellow citizens from owning pets, including cat...
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