Veteran CEO of Doha Bank resigns after 15 years of service

Raghavan Seetharaman, the veteran CEO of Doha Bank has resigned after 15 years of service at one of the biggest commercial banks in Qatar, Zawya reports. It is unclear why the Indian man has resigned as the bank did not Read more

Saudi dairy giant Almarai takes full control of Modern Food Industries

Saudi dairy giant Almarai Co. Has, through its subsidiary Western Bakeries Co., acquired 25 percent of Modern Food Industries, becoming the full owner of the Indian company. Almarai will inject an additional $67 million into the company. Through this acquisition, Read more

Oman Air to resume flight operations from October 1

Oman’s national carrier, Oman Air, will resume its commercial flight operations from October 1 after a seven-month hiatus over the coronavirus pandemic. The decision comes following the announcement by the Oman airport of the resumption of air traffic for international Read more

UAE: Authorities seek 89 million passengers through Dubai airport, 7.6 million registered only in April

Authorities of the United Arab Emirates are dreaming to welcome 89 million passengers through Dubai International airport this year, as 7.6 million were registered in April, making a total of more than 30 million, over the first four months of Read more

Indian Cipla & Biopharma Set up Joint Venture in Algeria

Pharmaceutical company Cipla, headquarted in Mumbai (India) and Biopharm SPA have agreed to set up a joint venture in Algeria to manufacture and market respiratory products. Cipla Ltd will hold a 40 per cent stake in the JV company while Read more