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Bahrain, U.S extends tourist visas by five years

Bahrain and the U.S have extended to 10 years the validity of tourist visas granted to citizens of both countries, Trade Arabia reports. Bahrain’s ministry for foreign affairs and the US embassy the online media notes reached to a deal to extend the visa from five years to ten years. The agreement will come into […]

July 13th, 2020 | Posted in Gulf News,Headlines | Read More »

Bahraini bank officials sentenced to five years in prison over money laundering charges

Bahrain’s High Criminal Court requested five years in prison for five officials of a local bank suspected for involvement in a money laundering case in connection with three Iranian banks. The officials from Future Bank are also fined a million Bahraini dinars ($2.65 million) each. The court ordered the confiscation of the funds transferred by […]

July 10th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Gulf Cable acquires 14.4 per cent of state-owned Boursa Kuwait

Kuwait-based and publicly listed company Gulf Cable & Electrical Industries (KPSC) has acquired 14.4 per cent of Boursa Kuwait on an investment of $37.56 million, Zawya reports. The operation provides KPSC, 28,925,610 shares in Boursa Kuwait. Boursa Kuwait, controlled by the Kuwaiti state, had reported a net profit attributable to owners of the parent company […]

July 9th, 2020 | Posted in Gulf News,Headlines | Read More »

Saudi Arabia in search of investors set up women’s sports club

The kingdom of Saudi Arabia is seeking investors to set up and manage a women’s sports club as part of the Gulf country’s ongoing campaign to promote women’s sports. The future sports club will cover 8,705 sq m and will be located on a plot of land at the intersection of Salim Bin Obeid Road […]

July 7th, 2020 | Posted in Gulf News,Headlines | Read More »

Saudi Arabia unveils health protocol for Hajj

Saudi Arabia has unveiled health protocols for prevention of Covid 19 disease for Hajj season, forbidding entrance to holy sites Minan, Muzdalifah and Arafat without a permit, reports say. The protocol to go into force from July 19, will allow completion of Hajj for suspected cases after evaluation by the specialist doctor, state-run news agency […]

July 6th, 2020 | Posted in Gulf News,Headlines | Read More »

French-Tunisian businessman eyeing Olympic de Marseille denies ties with Gulf investors

French-Tunisian businessman Mohamed Ayachi Ajroudi poised to buy French iconic football club Olympic de Marseille (0M) Tuesday said he was not operating on behalf of any investors from the Gulf. Ajroudi has made for himself in France after together with another French businessman and sports manager Mourad Boudjella presented to the public their project to […]

July 1st, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Kuwait international Airport re-opens from August

Kuwait will resume accepting and operating commercial international flights from August 1 but on limited capacity until August next year, Zawya reports. The Gulf country’s aviation authority, The Directorate General of Civil Aviation (DGCA), Monday unveiled a three-phase plan aiming at opening the country’s airspace for the resumption of flights as its aviation sector gradually […]

June 30th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Kuwaiti parliament extends suspension after coffee attendant tested positive for covid-19

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 virus and the ministry of health urged the parliament members who had been in contact […]

June 25th, 2020 | Posted in Gulf News,Headlines | Read More »

Oman rolls out interest-free emergency loan plan for entrepreneurs

Oman ruler, sultan Haitham Bin Tarik, has ordered the country’s financial institutions to provide interest-free loans to Small and Medium Size companies as well as individual entrepreneurs whose businesses have been affected by the covid-19 pandemic. The program according to the ruler’s orders targets more holders of Riyada Card (for small and medium enterprises) and […]

June 24th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »

Emirates NBD cuts 800 jobs in anticipation of future business needs

Dubai’s largest bank Emirates NBD Tuesday laid off 800 employees as the institution launches adjustment plan to navigate impacts of the covid-19 pandemic. A spokesperson for the bank told The Khaleej Times the decision comes as result of the impacts of the pandemic on the economy, financial services sector and the lender itself. “Unfortunately, this […]

June 24th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »