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Saudi Arabia’s Vision Fund is set to make an investment in a local messaging startup, representing the fund’s first investment in a local company, Arab News reports. Without giving more details the fund CEO Rajeev Misra told the media that Read more
Gulf-based E-commerce brands hunter, Opontia, has landed $20 million in seed round for the acquisition of new brands and the recruitment experts. The seed round was led by Raed Ventures, Global Founders Capital, Presight Capital and Kingsway Capital. The company Read more
Japan and the UAE Wednesday agreed on the need for both countries to launch a business council that would “generate added value from joint investments, provide information and services for investors, and encourage communication between relevant government authorities.” This came Read more
Qatar’s private lender, Commercial Bank (COMB.QA), Thursday said it offered to buy an additional 15.2% stake in National Bank of Oman (NBOB.OM) for $128 million, Reuters reports. If the offer comes into fruition, the bank will become the largest shareholder Read more
Saudi Arabia will Thursday launch in Geneva the “Riyadh Initiative” aimed at establishing a global network of operations to exchange information between anti-corruption agencies, Arab News reports. The initiative aims at developing a rapid and effective tool to combat cross-border Read more
Akbar Al Baker, CEO of the Qatari national carrier Qatar Airways, has threatened to turn his back to France-based plane maker Airbus over an outstanding issue that he has refused to reveal. In an interview with Bloomberg TV, Al Baker Read more
Kuwait Sunday agreed to end the decision not to issue family and business visas to Pakistanis, in place since 2011, Pakistan’s Interior minister Sheikh Rasheed Ahmed said. The Gulf country in 2011 suspended issuance of family and business visas to Read more
The Saudi capital, Riyadh has ranked 14th most ambitious city in the world for entrepreneurs per a study run by UK-based card payment provider, Dojo, Zawya reports. Riyadh garnered 328 out of 500 after it saw 12,116 new businesses registered Read more
UAE Tuesday said only individuals vaccinated against covid-19 or who can produce a negative PCR test are allowed to attend events in the Gulf country which has begun opening up. Dr. Farida Al Hosani, official spokesperson of the UAE Health Read more
Omani security forces Sunday dispersed and arrested a number of citizens protesting against job layoff and hard economic conditions, in the first major unrest since the ascendance to the throne of incumbent Sultan Haitham bin Tariq in January 2020. Protests Read more