Leading News Source For Middle East
Kingdom Holding Company (KHC) founded by Saudi Prince Alwaleed Bin Talal, has injected $282.99 million (SR1.063 billion) in the Phoenix Group, one of the largest insurance, savings and retirement companies in the United Kingdom, as part of the company’s continuous Read more
King Mohammed VI on Saturday delivered a speech to the Nation on the occasion of the 23rd anniversary of the Sovereign’s accession to the throne of his glorious ancestors. Here follows the full text of the royal speech: “Praise be Read more
The Saudi Exchange introduced this Sunday July 17 the TASI Islamic Index, its first Shariah Compliant Index, to track the performance of the Shariah compliant companies listed on the Saudi Exchange under the supervision of an independent Shariah Advisory Committee Read more
Thanks to a direct mediation by the Kingdom of Morocco, under the leadership of His Majesty King Mohammed VI, the Israeli authorities have decided to open, without interruption, the Allenby/King Hussein border crossing, linking the West Bank and Jordan. This Read more
Saudi Arabia announced on Friday it will open its airspace “for all air carriers that meet requirements of the authority for overflying.” The decision was taken “to complement the efforts aimed at consolidating the Kingdom’s position as a global hub Read more
Saipem and Saudi construction company Nasser S. Al Hajri Corporation have signed a deal with Saudi Aramco to set up a new entity in the kingdom to execute onshore engineering, procurement and construction (EPC) projects, Zawya reports. The signatories have Read more
Select Group, a Dubai-based developer, has acquired a luxury hotel in the United Kingdom as part of the company’s diversification and growth strategy. The property, Mere Golf Resort and Spa, is located in the English town of Knutsford. It also Read more
The Tunisia-Africa Business Council, TABC, will hold a summit in September in Togo, a West African country considered as an opportunity hub for investors. The Conference, one-off for the West African country, will take place 11-15 September. TABC, in a Read more
Oman is planning to pay off 512 million rials ($1.33 billion) of financing this month ahead of its due date as the sultanate benefits from higher oil prices and fiscal and governance reforms, Zawya reports citing state-run Oman News Agency. Read more
Japan has granted Tunisia $1 million to help the North African country assist vulnerable populations in three governorates gravely affected by the shortage of wheat and inflation, the Japanese mission has announced. The assistance, according to the Japanese embassy in Read more