Leading News Source For Middle East
SMBC Nikko Securities Inc., the security agency of Japan’s second largest bank, will open new branches around the world including Abu Dhabi, as part of expansion plans. The move according to company’s President Yuichiro Kondo is subject to regulatory approval. Read more
It is a crucial meeting that will be held on Monday 29 June at the UN Security Council with the thorny issue of the Renaissance dam, built on the Nile by Ethiopia, on the table. The meeting was called by Read more
UK’s national carrier, British airways will resume long-haul flight to Dubai from July 17 as air travel I industry is gradually bouncing back. “Our current schedules show the LHR to DXB route will operate every other day from the 17th, Read more
Kuwait’s parliament has further extended the self-quarantine of its members for ten more days after a coffee boy tested positive for novel covid-19, Gulf News reports. The attendant, an expat who serves drinks to the lawmakers tested positive for the Read more
The foreign minister of UN-backed Government of National Accord (GNA) has said he will not attend an Arab league meeting of foreign ministers on Libya arguing that the GNA was not consulted. Taher Siala, reports say, told the PanArab organization’s Read more
The Iraqi foreign ministry Thursday summoned Iran’s envoy and warn the Islamic Republic to respect its sovereignty after Iranian forces launched artillery strikes into its territory, Anadolu news agency reports. Ambassador Iraj Masjedi was handed a protest note over artillery Read more
Qatar’s national carrier, Qatar Airway, Wednesday it will not acquire new aircrafts this and next and has informed Airbus and Boeing to defer the delivery as result of fallout from covid-19, reports say. The airline’s Chief Executive Akbar al-Baker in Read more
British conglomerate McLaren Group is mulling plans to sell around 20 to 30 per cent of shares in its F1 team as it struggles financially, reports say. The plans according to Sky News are in the making and also considers Read more
Saudi Basic Industries Corporation (SABIC) has named a new chairman in line with the company’s takeover by the kingdom’s oil giant Aramco. Khalid Hashim Al Dabbagh will succeed Abdulaziz Saleh Aljarbou, following an approval on June 16, Zawya reports citing Read more
Turkey Wealth Fund, TWF, is in advanced negotiations with Sweden’s Telia to acquire shares in Turkcell for an investment of $530 million. “Negotiations are still ongoing and are in an advanced stage, but no agreement has yet been reached,” Telia Read more