Home » August 31st, 2020 Entries posted on “August, 2020”

Saudi Arabia’s Aramco discovers two new oil, gas fields

Saudi Arabia’s energy giant has discovered two oil and gas fields in the northern regions of the Gulf country. The oil field, according to Energy Minister Prince Abdulaziz bin Salman Al-Saud, lies to the south east of the northern city of Arar and flows with a rate of 3,189 barrels per day (bpd) of Arab […]

August 31st, 2020 | Posted in Energy,Gulf News,Headlines | Read More »

Abu Dhabi-based Waha Capital launches third $500m fund

Public listed investment company headquartered in Abu Dhabi, Waha Capital, has launched its third fund with capacity in excess valued at $500 million, Trade Arabia reports. The fund, Waha Islamic Income Fund SP, will invest in sharia-compliant assets across the sukuk and equity markets, and will have a global outreach for investments, the Bahrain-based media […]

August 31st, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Water shortages compound desperate situation in Beirut, UNICEF warns

Risk of water-borne diseases is rising in Beirut, in the aftermath of the devastating explosion in early August, the UN Children’s Fund (UNICEF) has warned, calling for urgent action to ensure families and responders have access to safe water and sanitation. Rising cases of COVID-19 is complicating an already difficult situation, according to the head […]

August 31st, 2020 | Posted in Headlines,World News | Read More »

Two rockets land near Baghdad airport in series of attacks on capital

Two rockets fell near Baghdad International Airport on Sunday few days after two other rocket attacks hit the Iraqi capital. The attack by Katyusha rockets, according to the defense ministry, made casualties and has not been claimed by any group or organization. It is the third such attack last week. A Katyusha rocket landed in […]

August 31st, 2020 | Posted in Headlines,World News | Read More »

Saudi Arabia’s Aramco appoints new CEO to run $500m investment arm

Saudi Arabia’s energy giant Aramco has named a new CEO for its $500 venture capital and investments arm, Gulf Business reports citing sources with knowledge of the matter. The new appointee, Mahdi Aladel, former head of the company’s base oils and lubricants division will take over from Majid Mufti who led Saudi Aramco Energy Ventures […]

August 29th, 2020 | Posted in Energy,Finance,Gulf News,Headlines | Read More »

Turkey to repair Bangladeshi military vessel damaged in Beirut blast

Turkey will fix a Bangladeshi naval vessel damaged in the deadly blast at Beirut port, which occurred early this month. The gesture was announced by the Turkish defense ministry. “BNS BIJOY of the Bangladesh Navy, which was damaged in the Beirut explosion, is being towed to Turkey by TCG İNEBOLU. The necessary repairs to BNS […]

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

Bahrain jails Future Bank officials over money laundering

Bahain’s High Criminal Court has handed five years in jail to three officials of private money retailer Future Bank in money laundering cases that have also implicated the Central Bank of Iran and other banks, Bahrain News Agency (BNA) has reported. The convicts who have been named are also fined to pay each $1 million. […]

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

Turkey advises U.S to stop branding Hamas terrorist group

Turkey has called the U.S stop blacklisting “democratic” Palestinian movement Hamas for the sake of peace in the Middle East. “Declaring the legitimate representative of Hamas, who came to power after winning democratic elections in Gaza and is an important reality of the region, as a terrorist will not be of any contribution to efforts […]

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

First passenger flight between Israeli & UAE to take off Monday

The first Israel-UAE commercial flight will take Monday, July 31, carrying Israeli and American delegations to the Gulf country in strong sign of progress in implementing the peace agreement between the two countries. Announced by US officials, the flight according to Times of Israel, will likely be operated by El Al airliner, Israel’s national carrier. […]

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

German Delivery Hero acquires Dubai-based InstaShop for $360M

German online food delivery giant Delivery Hero has announced the acquisition of Dubai-based grocery delivery platform InstaShop in a deal valued at $360 million. NiklasÖstberg, CEO and Co-Founder of Delivery Hero in a statement indicated that the deal will spur the expansion of the Berlin-based restaurant delivery company. Launched in 2015, InstaShopoperates in the UAE, […]

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