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The board of directors at the Central Bank of the UAE (CBUAE) on Wednesday approved a new Emiratisation plan for managerial positions in the banking and insurance sectors in the UAE, Gulf Business reports, citing state-run news agency WAM. The Read more
Noon.com, the Middle East’s leading digital e-commerce platform, has opened its largest warehouse space in Riyadh, Saudi Arabia, as part of its ongoing expansion of the logistics and fulfillment network in the Kingdom, Trade Arabia reports. The warehouse named Customer Read more
King Abdullah II of Jordan and his wife Queen Rania, were awarded Saturday the 2022 Zayed Award for Human Fraternity at a ceremony at the Founders Memorial in the UAE capital, reports say. The award was presented to the royal Read more
The US State Department has approved Kuwait’s request for US design and construction expertise for its Defense ministry complex valued at $1 billion, Middle East Monitor (MEMO) reports. The Defense Security Cooperation Agency (DSCA), MEMO notes, indicated in a press Read more
In a phone call, on Thursday, to Russian President Vladimir Putin, Iranian President Ebrahim Raisi expressed that NATO’s expansion was a “serious threat” to the region’s security and stability, according to the semi-official Nour News. “NATO’s expansion eastward creates tension Read more
Abu Dhabi-based conglomerate International Holding Company (IHC) has acquired 70 per cent in Arena Events Group PLC for AED 239.8 million dirhams ($65 million), Zawya reports. Syed Basar Shueb, CEO and Managing Director of IHC commenting on the transaction, indicated Read more
Syria’s government says it “supports” Russian President Vladimir Putin’s decision to recognise two Moscow-backed separatist-held regions in eastern Ukraine as independent. Foreign Minister Faisal Mekdad says Syrian government ‘will cooperate’ with the two Moscow-backed separatist-held regions. In comments carried by Read more
Cairo-based investment bank EFG Hermes has appointed Goldman Sachs to advise on First Abu Dhabi Bank’s (FAB) offer to acquire a majority stake, the bank has said in a statement. The board of Egypt’s largest investment bank also said it Read more
A warplane of the Iranian army crashed Monday in the northwestern city of Tabriz killing three people including its two pilots, state television has reported. The tragedy occurred after the jet hit the ground near a school, which was closed Read more
Kuwait Airways has increased the number of planes it plans to purchase from Airbus to 31 from 28, the chairman of the company told, Zawya reports. Ma’an Razoq told a news conference in Kuwait City the order includes nine Airbus Read more