“Author Archive”
Stories written by Kanelka Tagba

Spanish ACCIONA to build Saudi Arabia’s fourth desalination plant

ACCIONA, a Spanish and world leading infrastructure developer and manager, has been awarded the contact for the construction of Saudi Arabia’s fourth desalination plant estimated at $500 million. The Spanish giant will carry out the project with its Saudi partner Al Rashid Trading and Contracting Company (RTCC) according to Saudi Arabia’s Saline Water Conversion Corporation […]

April 29th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

CORONAVIRUS: US to provide financial help to Algeria to tackle covid-19

US Wednesday said it is going to bring monetary support to Algeria in its efforts to curb the novel covid-19 disease, which has so far infected 3,848 people. US ambassador, John Desrocher made the pledge Monday to the North African country’s health minister, Abderrahmane Benbouzid in a phone talk on the situation in Algeria. The […]

April 29th, 2020 | Posted in Headlines,World News | Read More »

Bahrain-based Al Salam Bank has new chairman

Al Salam Bank has appointed board member Sheikh Khalid Bin Mustahail Al Mashani as new Chairman following the resignation of Khalifa Butti bin Omair bin Yousif Al-Muhairi. Upon his appointment, which took place this week, Sheikh Khalid thanked his predecessor for the work done at the helm of the financial institution. “We, as Board of […]

April 15th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Saudi STC postpones $2.4bn acquisition deal of Vodafone Egypt

State-run Saudi Telecom Com (STC), the kingdom’s largest telecom company, Tuesday said its planned $2.4-billion deal to acquire 55 per cent of Vodafone Egypt has been postponed for at least three months owing the Coronavirus pandemic. STC in a statement pinned the decision on logistical challenges caused by the Covid-19 pandemic. The company also said […]

April 15th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

KOVID-19: Kuwait’s Central Bank issues measures to help banks, SMEs

The Central Bank of Kuwait (CBK) has announced a stimulus package aiming at supporting vital sectors, banks and Small and Medium Size Enterprise (SMEs) to resist adverse effects of the Coronavirus in the Gulf country. The measures announced Thursday include reduction in the liquidity and capital adequacy requirements for banks and cut in risk weighting […]

April 3rd, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Kuwait: Famous artist lambasted after asking expats to leave

Kuwaitis have laid into a famous national actor after she asked authorities to flash out expats amid coronavirus-linked health crisis, Arabian Business reports. Hayat al-Fahad, an iconic top artist who starred in several Arabic dramas, caused a controversy Tuesday after she told local television that the Gulf country should prioritize citizens in efforts to contain […]

April 2nd, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Coronavirus: Iran offers to supply testing kits to neighbors

Iran, hard hit by covid-19, Wednesday said it has the capacity to supply neighboring countries with testing kits in the combat against the disease. Alireza Biglari, head of Iran’s local Pasteur Institute, told state-run News Agency molecular diagnostic kits produced locally have been approved by the World Health Organization (WHO). They have an accuracy of […]

April 2nd, 2020 | Posted in Gulf News,Headlines,World News | Read More »

COVID-19: Turkey sends medical aid to Italy & Spain

A Turkish military aircraft has left today Wednesday from Ankara with medical aid for Italy and Spain, two worst hit European countries by the Covid-19 disease, Turkish state-run news agency Anadolu reports. Italy is the far affected country with 12,428 deaths and 15,729 recoveries out 105,792 overall cases. Spain on the other hand has over […]

April 1st, 2020 | Posted in Headlines,World News | Read More »

Bahrain: GIB snatches Deutsche Bank AG’s CEO as new boss

Bahrain-based Gulf International Bank BSC has hired Deutsche Bank AG’s CEO Jamal Al Kishi to become the new CEO of the parent company, Gulf International Bank B.S.C, Bloomberg reports.   Al Kishi will also become the deputy group CEO, GIB said in a statement seen by Bloomberg.   Al Kishi has been Deutsche Bank AG […]

March 30th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Oman: Biggest oil & gas producer to downsize amid Coronavirus outbreak

Oman’s Petroleum Development Oman (PDO) is contemplating a cut in staff working on its oil and gas projects in response to the spread of the coronavirus, Bloomberg reports. The cut is in plan and is in discussion with contractors, PDO reportedly said in an email. The company also said it will review its projects and […]

March 30th, 2020 | Posted in Energy,Gulf News,Headlines,World News | Read More »