Author: Arabian Media staff
Image credit: WAM/Website The Supreme Court of Saudi Arabia has called upon Muslims across the country to sight the crescent moon of Dhul Hijjah on the evening of Tuesday, 29 Dhu al-Qi’dah 1446 AH (May 27). In a statement, the entity urged anyone who sights the crescent moon—either with the naked eye or through binoculars—to promptly report to the nearest court and submit their testimony, a Saudi press Agency report said. Read-Eid Al Adha 2025 in the UAE: Likely dates, holidays, and what to expect The court also expressed hope that those capable of moon sighting will join the committees…
When you see a “Made in America” label, you may believe what you’re buying was crafted entirely in the United States. Many people assume that the label, often “Made in the USA,” means they’re helping domestic businesses throughout the supply chain. However, the truth is a bit trickier than that. The Federal Trade Commission (FTC) states that for a product to qualify for using a “Made in America” label, “all or virtually all” of it needs to be made in the U.S. But that doesn’t necessarily mean every component is domestically sourced. Here are five insights that illuminate what’s behind…
Image: Getty Images Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices. Aramco is the world’s largest oil-producing company and the main source of Saudi state revenue. The firm will slash dividend payouts by nearly a third this year as lower oil prices hit its income. The company has asked investment bankers to pitch ideas for how to raise funds from its assets, the people said. They declined to say which assets could be sold or…
Olympic gymnast and longtime Texan Simone Biles has found a new stomping ground—at least for the duration of the NFL season. Source link
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.Shares in BYD and other Chinese carmakers tumbled on Monday, after the electric vehicle champion fired a new salvo in a prolonged price war.Hong Kong-listed shares in the Shenzhen-based company fell nearly 9 per cent, while its rivals Geely, Li Auto and Xpeng lost 7 per cent, 5 per cent and 4 per cent respectively. BYD announced a fresh round of price cuts for more than 20 models over the weekend, bringing the price tag of its cheapest model — the pure battery-powered…
Investors expressed relief that President Trump is delaying a 50% tariff jump for the European Union until July. Source link
Britain prides itself on being a payments champion. The UK pioneered instant bank transfers with the launch of faster payments in 2008. A decade later, new data-sharing technology promised to usher in a new era.But while “open banking” has found success in various corners of finance — such as by enabling faster lending decisions and new budgeting tools — it has so far failed to deliver the promise of powering a payments revolution.Open banking powered a total of 27mn payments in the UK in March, according to Open Banking Limited. By contrast, the Payments Systems Regulator recorded 1.92bn card transactions…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.NatWest’s imminent return to private ownership will be a milestone for the British government. But for chief executive Paul Thwaite and the rest of the bank’s staff, it is just another day at the office.The lender formerly known as Royal Bank of Scotland has transformed several times over the past two decades, from a swashbuckling investment bank with a £2.2tn balance sheet and dreams of world conquest to a chastened high street lender generating 95 per cent of its revenue in the…
The US health secretary is defying the industry to improve America’s diet. Is he going about it the right way? Source link
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.A bitter dispute between ExxonMobil and Chevron over ownership of a gigantic oil project with up to $1tn in reserves is scheduled to be heard before an arbitration court in London on Monday, in a case with big implications for both companies and the wider industry. The US supermajors are battling over the right to acquire a 30 per cent stake in Guyana’s Stabroek oilfield which is owned by Hess, a US energy company that agreed to a $53bn…