“Author Archive”
Stories written by Kanelka Tagba

Bahrain: $2 billion of $10 billion promised by regional allies for bailout to be released before year-end

Bahrain will receive before the end of this year, $2 billion from Saudi Arabia, UAE and Kuwait as part of the $10 billion pledged by the three regional allies to help the tiny kingdom avoid a debt crisis. Two unnamed officials told Reuters that the $2 billion; a portion of last week-pledged $10 billion, will […]

October 12th, 2018 | Posted in Finance,Gulf News,Headlines | Read More »

KSA: In sympathy for missing journalist, Media bosses, company executives to boycott major investment conference

A horde of leaders of multinational media and giant companies have expressed their intentions to stay away from a major investment conference to be held in Saudi Arabia later this month. The decision comes following the mysterious disappearance of Jamal Khashoggi, a Saudi prominent journalist who has gone missing since October 2 in the Gulf […]

October 12th, 2018 | Posted in Gulf News,Headlines | Read More »

UAE: British tourist jailed for insulting policeman, airline staff at Dubai airport

A British man who visited the UAE in July has been sentenced to three months in jail and fined $554.5 for abusing a policeman and an Emirates staff at the Dubai airport. The 37-year old, after drinking for hours before embarking on a flight back to the UK on July 14, sparked a brawl with […]

October 12th, 2018 | Posted in Gulf News,Headlines | Read More »

KSA: Ernest Moniz suspends role on futuristic city’s board of advisors over disappearance of Saudi journalist

Former US energy secretary under President Barack Obama, Ernest Moniz, has suspended his participation on the board of advisors of the Saudi futuristic city NEOM, tying his return to more evidences on the fate of the Saudi journalist Jamal Khashoggi. The veteran journalist disappeared one week ago in the Turkish city of Istanbul after entering […]

October 11th, 2018 | Posted in Gulf News,Headlines | Read More »

Egypt: President Morsi’s son freed on bail after brief detention

One of the sons of former and imprisoned Egyptian President Mohamed Morsi was released Wednesday on bail after security forces detained him briefly for spreading false information in an interview he gave to Associated Press (AP) last week. The 23-year-old Abdullah Morsi, according to a judicial source, was freed Wednesday after paying $280 in bailout. […]

October 11th, 2018 | Posted in Headlines,World News | Read More »

KSA: IsDB to launch two funds for infrastructure in Africa, Asia

Saudi-based Islamic Development Bank (IsDB) has announced plans to establish next year two funds for a combined value of $1 billion to help upgrade infrastructure in Africa and Asia; two regions where most of the bank’s members are located. The new funds would help close a deficit in investments for projects such as transportation, energy […]

October 11th, 2018 | Posted in Finance,Headlines | Read More »

Saudi journalist’s disappearance: Turkish investigators to search consulate in Istanbul

Saudi Arabia has allowed Turkish authorities to comb its consulate in Istanbul for presence of Saudi dissident journalist who has gone missing since last week, as Ankara believes the missing critic is still in the facility despite the kingdom’s claims that he left the building the day he entered it for some paperwork. Turkey’s Foreign […]

October 10th, 2018 | Posted in Headlines,World News | Read More »

Kuwait: Foreigners with lower grades to be prohibited to work

Foreign nationals with lower grades wishing to work in the Gulf country will probably not get work permits as the General Authority for Manpower is set, according to reports, to impose a ban on poor grade students to work in the country. In October last year, it had been reported that the government would begin […]

October 10th, 2018 | Posted in Gulf News,Headlines | Read More »

UAE: RAK Ceramics acquires total control of Saudi joint ventures

UAE’s leading company in ceramics, RAK Ceramics, has announced the acquisition of total equities of its Saudi Arabia-based joint ventures in a move that will consolidate the company’s control of the Saudi market. The company, based in Ras Al Khaimah, said it bought minority shares in its joint ventures in Riyadh and Jeddah. “We are […]

October 10th, 2018 | Posted in Gulf News,Headlines | Read More »

Oman: Mega tourism project launched

Oman has launched a major tourism project consisting of hotels, chalets, restaurants, and other tourism and amusement facilities as authorities seeks to lure more holidaymakers, part of their plans to diversify the economy. The project, dubbed “the Green Peak Adventure Resort” is located in Jabal Al-Akhdar (green mount), a mountainous strip located in Northeast Oman. […]

October 10th, 2018 | Posted in Gulf News,Headlines | Read More »