Leading News Source For Middle East
Roman Catholic Church in Bahrain held Sunday the first mass in the Gulf country, few days after inauguration of largest cathedral in the region. Father Saji Thomas led the Mass in “Our Lady of Arabia” church, which is located 20 Read more
Bahrain’s Economic Development Board (EDB) launched invest.bh; an investment platform that allows investors to access investment opportunities in the Kingdom’s strategic projects, Trade Arabia reports. The platform enables, the board said in the statement, investors to explore current investable and Read more
Saudi Arabia will initiate discussions with China for the development of the hydrogen as the Gulf country envisagesto reach net zero by 2060. The cabinet, Arab New notes citing state-run news agency SPA, has delegated the Kingdom’s Energy minister to Read more
Emirates Tim Clark has revealed Emirates has no plans to set up a domestic airline in India as New Delhi move to privatize national carrier Air India (AI). The Indian government has allowed 49 percent Foreign Direct Investment in Indian Read more
Abu Dhabi Securities Exchange (ADX)-listed healthcare investment and management firm Response Plus Holding (PJSC) is mulling plans to expand domestically and abroad including Ethiopia, India and Oman, Zawya reports. The board of director of the company is expected to meet Read more
UAE-based restaurant, patisserie, baker and artisan cheese seller, Jones the Grocer has revealed it will open 10 new outlets within a year and will double its footprint to 50 stores in total within five years, Zawya reports. Grocery store, café Read more
American alternative investment management company, Blackstone, is in advanced talks to acquire Dubai-headquartered VFS Global, the world’s largest visa outsourcing company, for $1-1.2 billion, reports say. Both sides, Zawya notes citing India’s Economic Times website, have completed the due diligence Read more
Libya’s State Cases Department has won a lawsuit lodged at Paris court by the Indian company Simplex, demanding Libya to pay $ 165 million as compensation, Libya Observer reports. Simplex, also known as Simplex Infrastructures Ltd, sued the Libyan state Read more
Egyptian Elsewedy Electric also knowns as El Sewedy Cables, which manufactures integrated cables and electric products, mulls to start operations in India after it made two acquisitions in Indonesia and Pakistan. CEO Ahmed Elsewedy told Asharq Business that the company Read more
Saudi Prince Abdullah bin Musaad has acquired French second division of Chateauroux for an estimated value of €2.8 million, Arab News reports. Prince Abdullah with the new acquisition is now owner of five football clubs across the world; Sheffield United Read more