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Oman to build 700-bed hospital to meet future demands

Oman’s ministry of health has laid the foundation stone for the construction of the 700-bed hospital in Salalah, Dhofar province, for a total investment valued at $334 million. The health facility to be named after the country leader Sultan Qaboos will be built over 94,400 sqm, the main building consists of a ground floor and […]

September 22nd, 2020 | Posted in Gulf News,Headlines | Read More »

Saudi SIIG & Petrochem eye merger after incurring losses

Saudi Industrial Investment Group (SIIG) and National Petrochemical Company (Petrochem), two of the kingdom’s petrochemical companies, are planning to merge after the two posted losses. SIIG Sunday indicated in a bourse filing to Saudi Stock Exchange (Tadawul) that its board of directors has issued an approval to hold initial discussions with Petrochem, Zawya reports. The […]

September 21st, 2020 | Posted in Energy,Finance,Gulf News,Headlines | Read More »

Qatar re-affirms support for Palestine, rejects normalization with Israel

Qatar Sunday denied plans to thaw ties with Israel and underscored its support for the Palestinian cause. “The State of Qatar affirmed its firm position on the Palestinian issue, which stipulates ending the Israeli occupation and establishing the State of Palestine with Jerusalem as its capital within the framework of international legitimacy and relevant Security […]

September 21st, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Abu Dhabi’s NMDC bags Egypt’s Lake Manzala expansion project

Abu Dhabi-based National Marine Dredging Company (NMDC) has been awarded the expansion project of Lake Manzala in Egypt valued at AED600 million ($164 million), Zawya reports. NMDC in a letter to Abu Dhabi Security Exchange, ADX, has indicated that the execution will take place in collaboration with Al-Tahadi Egyptian-Emirati Co. and will cover two years. […]

September 18th, 2020 | Posted in Gulf News,Headlines | Read More »

Oman Air to resume flight operations from October 1

Oman’s national carrier, Oman Air, will resume its commercial flight operations from October 1 after a seven-month hiatus over the coronavirus pandemic. The decision comes following the announcement by the Oman airport of the resumption of air traffic for international flights in October. Oman closed its borders to travelers in March as part of efforts […]

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

Israel biggest bank eyes deals with UAE lenders as fruits of normalization agreement

Bank Hapoalim, Israel’s largest bank, is expecting to sign several deals with UAE’s lenders in a significant signal of cooperation between Israel and the Gulf country following their August agreements, Time of Israel reports. Dov Kotler, CEO of the Hapoalim, told the Associated Press that financial agreements would follow the signing of the pact at […]

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

Khashoggi’s murder: UN expert brands Saudi ruling void of moral legitimacy

A UN expert has lambasted Monday the Saudi court final ruling on the case of the murder of journalist Jamal Khashoggi arguing that the verdict carries ‘no legal or moral legitimacy’. A court in the kingdom handed 20 years in prison to five convicts and jail sentences ranging between 7 and 10 to three others, […]

September 8th, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Emirates to restore full salaries of staff from October

Emirates will resume the payment of full salaries to its employees from October, Gulf News reports citing spokesperson of the Dubai-based airline. The move, which signifies a steady pick-up of the airline’s activities, comes after reports of government stimulus package of $2 billion to help the carrier weather the consequences of the covid-19 pandemic. The […]

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

Kuwait appoints first female judges to Supreme Court

Kuwait Thursday swore in its first female judges to sit on the Supreme Court, the first ever move in the Gulf region. The eight women have been approved to become judges at the beginning of July. Attorney General Dirar Al Asousi had approved their promotion from prosecutor to judge, making them the first female judges […]

September 4th, 2020 | Posted in Gulf News,Headlines | Read More »

CEO of the International Banking Group of Kuwait’s National Bank steps down

The National Bank of Kuwait (NBK) has announced in a statement the resignation of Georges Richani, the CEO of the bank’s International Banking Group. Richani resigned for personal reasons, according to the bank. NBK boasts local and international network, which includes branches, subsidiaries and representative offices in New York, Geneva, London, Paris, Turkey, China and […]

September 4th, 2020 | Posted in Finance,Gulf News,Headlines | Read More »