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Emirati telecom group Etisalat Group Wednesday appointed Hatem Dowidar as Acting Chief Executive Officer after Saleh Al Abdooli resigned from his role as CEO. Abdooli, according to the group, submitted his resignation citing personal reasons. He had been with telecom Read more
Germany’s national carrier, Lufthansa, has announced resumption of flights from Dubai to Frankfurt for June 7, Arabia Business reports. “People want to and can travel again, whether on holiday or for business reasons. That is why we will continue to Read more
The Pentagon said Wednesday it has awarded Boeing two contracts worth $2 billion to manufacture over 1,000 missiles for Saudi Arabia. Boeing, under the first contact worth $1.97 billion, will produce 650 air-to-surface missiles with a range of about 290km. Read more
Sharjah-based carrier Air Arabia has let go dozens of workers as the airline tries to remain afloat financially amid the covid-19 pandemic. The airline said in a statement it laid off a small number of the workers, from its around Read more
Qatar’s ambassador to Russia has debunked rumors of an alleged coup d’etat in the Gulf country after video footages circulated showing gunshots in streets. Ambassador Fahad bin Mohammed Al-Attiyah told Russian state-run news agency TASS, the footages were fake. Earlier, Read more
ACCIONA, a Spanish and world leading infrastructure developer and manager, has been awarded the contact for the construction of Saudi Arabia’s fourth desalination plant estimated at $500 million. The Spanish giant will carry out the project with its Saudi partner Read more
US Wednesday said it is going to bring monetary support to Algeria in its efforts to curb the novel covid-19 disease, which has so far infected 3,848 people. US ambassador, John Desrocher made the pledge Monday to the North African Read more
Al Salam Bank has appointed board member Sheikh Khalid Bin Mustahail Al Mashani as new Chairman following the resignation of Khalifa Butti bin Omair bin Yousif Al-Muhairi. Upon his appointment, which took place this week, Sheikh Khalid thanked his predecessor Read more
State-run Saudi Telecom Com (STC), the kingdom’s largest telecom company, Tuesday said its planned $2.4-billion deal to acquire 55 per cent of Vodafone Egypt has been postponed for at least three months owing the Coronavirus pandemic. STC in a statement Read more
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 Read more