
Gulf Cooperation Council, Malaysia agree to launch free trade talks, GCC says
(Reporting by Menna Alaa ElDin and Ahmed Elimam; Editing by Hugh Lawson)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
3 hours ago
- Zawya
Saudi restaurant chain Shatirah House to hike capital by 60%
Saudi Arabia's Shatirah House Restaurants (Burgerizzr) has obtained the approval from the Capital Market Authority (CMA) to increase its capital by 60%. The hike will include the issuance of 21 million new shares, with shareholders to be given three bonus shares for every five shares they currently own. Shatirah, which owns and operates a chain of restaurants, intends to capitalise 21 million riyals ($5.6 million) from retained earnings to increase its capital. The capitalisation will increase its capital from SAR 35 million to SAR 56 million. Shatirah will still hold an extraordinary general assembly to approve the capital adjustment. (Writing by Cleofe Maceda; editing by Brinda Darasha)


UAE Moments
13 hours ago
- UAE Moments
Global Sumud Flotilla to Set Sail for Gaza on This Date
After the Madleen and Handala were intercepted by Israeli forces, the Global Sumud Flotilla will set sail on Sunday, August 31. The flotilla will transport delegations from over 40 countries, including Malaysia, the US, Brazil, Morocco, Sri Lanka, Tunisia, the Netherlands, and Colombia. The delegations have already started their non-violence training in preparation for the Global Sumud Flotilla. The flotilla will be the largest civilian maritime mission to Gaza since 2007. Like Madleen and Handala, GSF aims to break Israel's ongoing humanitarian blockade of the enclave and highlight the international complicity in the ongoing genocide of Palestinians in the Strip. The main launch of Sumud is scheduled on August 31, from Spain, which will be followed by a launch in Tunisia and other countries on September 4. The Malaysian Prime Minister Anwar Ibrahim is the official patron for the flotilla and will flag the regional convoy on August 23, according to the southeast coalition, Sumud Nusantara. Many mass monilizations will support the mission, including rallies across dozens of countries on August 9 and around the time of the main launch.


Zawya
14 hours ago
- Zawya
Saudi: Dar Al Arkan's net profits leap to $119.4mln in H1 25
The net profits of Dar Al Arkan Real Estate Development Company hit SAR 447.96 million in the first half (H1) of 2025, higher by 40.55% year-on-year (YoY) than SAR 318.71 million. Meanwhile, the revenues fell by 2.31% to SAR 1.78 billion as of 30 June 2025 from SAR 1.82 billion in H1-24, according to the initial financial results. The earnings per share (EPS) rose to SAR 0.41 in H1-25 from SAR 0.30 in H1-24. Income Statements for Q2-25 In the second quarter (Q2) of 2025, Dar Al Arkan posted 44.51% YoY higher net profits at SAR 238.62 million, compared to SAR 165.12 million. Revenues dropped by 11.37% to SAR 852.14 million in Q2-25 from SAR 961.56 million in Q2-24. Quarterly, the profits generated in Q2-25 climbed by 13.98% from SAR 209.34 million in January-March 2025, while the revenues plummeted by 8.56% from SAR 932.01 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (