Leading News Source For Middle East
Three Saudi corporations including Riyadh-based Advanced International Company are expected to go public, Zawya news outlet reports, citing the kingdom’s stock market. Advanced International Company, specializing in providing technical and security solutions will offer 400,000 shares. Alwasail Industrial Co., the Read more
French giant hospitality group, Accor will manage FIFA World Cup 2022 apartments and villas for fans visiting Qatar next year, Doha News reports, citing the world cup organizing committee, Supreme Committee. “It’s means an enormous pride and enormous excitement to Read more
Oman is mulling plans to launch its first satellite into orbit next year amid regional space race, Middle East Monitor (MEMO) reports. Local companies ETCO and Tuatara—and the Polish firm, Sat Revolutionare behind the project, MEMO notes citing local media Read more
The kingdom of Saudi has deposited $3 billion into Egypt’s central bank, CBE, in a move to shore up the foreign reserve of the Arab republic, reports say. The fund, Arab Finance reports citing the kingdom’s state-run news agency, is Read more
The kingdom of Saudi Arabia has announced plans to host the 2030 edition of the World Expo to mark its vision 2030, Trade Arabia reports. The Gulf country has expressed its bid for the global event in a letter by Read more
Saudi Arabia’s Tourism Development Fund (TDF) entered into a deal with UK-based hospitality company Ennismore to establish a $400 million fund that will help bring Ennismore’s lifestyle brands to 12 destinations in the kingdom, reports say. Per the deal, TDF Read more
A Jordanian citizen arrested in Turkey for allegedly spying for the UAE has been released but banned from leaving the country, Daily Sabah reports. Ahmed Mahmoud Ayesh Al Astal attended the hearing at the Sakarya 2nd High Criminal Court via Read more
Riyadh-based Dallah Healthcare Co has acquired an 8.2 percent stake in International Medical Co. in line with plans to expand cross the kingdom, Zawya reports. The acquisition, published on the kingdom’s stock market Tadawul, cost Dallah Healthcare SAR 289 million Read more
Qatari Shura Council elected Tuesday Hassan bin Abdullah Al-Ghanim as the first Speaker of parliament following first legislative elections held in the Gulf country. 37 out of 45 total members of the Shura Council voted in favour of Al-Ghanim, reports Read more
Qatar, a close US ally, is at odds with the Biden administration over the State Department’s slow move to validate Doha’s request to buy four armed drone to be used in the fight against terrorism in the region, The Wall Read more