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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 »

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 »

Iran_USA: Tehran denies death of FBI operative in prison

Iran has rejected claims by the family of Bob Levinson, a former FBI officer, that the operative has died in its prisons. Spokesman of the Iranian mission at the UN, Ali Reza Mir Yousefi, said in a statement Iran does not know the location of the FBI agent. “Iran has always declared that its officials […]

March 27th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Iran: Supreme leader rejects MSF help to combat Covid-19 pandemic

Iran, which had invited Doctors without Borders to send a team of doctors to help address the fast-spreading Covid-19, made a U-turn, fearing the doctors of the international humanitarian organization would be spies.   Iranian officials rejected the offer of Doctors Without Borders (MSF) to build a hospital in Isfahan despite new documents that show […]

March 26th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Coronavirus: Kuwaiti Banking association postpones repayment of loans, credit card facilitations for SMEs

Kuwait’s banking association has decided to postpone repayment of loans and credit card facilitations for small and medium-sized companies (SMEs) to help address the consequences of the coronavirus pandemic, Middle East Monitor (MEMO) reports. The measure, which also includes interest, will only last for six months. The association has also postponed the repayment of credit […]

March 25th, 2020 | Posted in Gulf News,Headlines | Read More »

Saudi Arabia: Turkey demands life sentence for accused in Khashoggi’s murder

Turkey’s prosecutors Wednesday sought aggravated life sentences for 18 accused in the 2018 killing of journalist Jamal Khashoggi in the Saudi consulate in the city of Istanbul, Turkish news agency Anadolu reports. The Istanbul Chief Prosecutor Office, the agency said, has identified a total of 20 people in the assassination. The office also said two […]

March 25th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Oman: Accor group takes over Muscat international airport hotel

The world leading hospitality hotel group Accor has acquired Muscat international airport hotel and will revamp the property, Arabian Business reports. The France-based group entered into agreement with Sundus Investments, a mixed-use developer in the Middle East for the operation. The property will be rebranded Novotel Muscat Airport with the introduction of the group’s midscale […]

March 21st, 2020 | Posted in Gulf News,Headlines,World News | Read More »