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Qatar and Saudi Arabia have found themselves in another confrontation as capitals of both rivals are have been selected as sole bidders for 2030 Asian Games, The New Arab reports. Olympic Council of Asia (OCA) Thursday confirmed Doha and Riyadh Read more
An investment firm backed by a member of the Abu Dhabi royal family has acquired 20 per cent of Lulu, a supermarket group, for a total investment of $1 billion, report say. Source knowledgeable of the matter who spoke to Read more
Bahrain has slashed by 30 per cent the government operational budget as the tiny kingdom grapples with the containment of the novel covid-19 disease. The decision came Monday during a cabinet meeting chaired Prime Minister Prince Khalifa bin Salman Al Read more
Former world football governing body boss, Sepp Blatter has told German media Bild that he believes, Qatar should be stripped of the organization of the 2022 world cup. The Swiss national who is serving a six-year ban from the powerful Read more
Authorities in Dubai have extended until further notice the closure of all restaurants, hotels and events centers in the Emirates amid the ongoing containment of the coronavirus pandemic, Arabian Business reports. The Department of Tourism and Commerce Marketing (DTCM) reportedly Read more
King Salman Wednesday approved stimulus package worth $13.3 billion in favor of Saudi Small and Medium Enterprises (SMEs) whose activities have been crippled by the coronavirus pandemic, Arabia Business reports. As part of the package, companies with capital that is Read more
Al Salam Bank has appointed board member Sheikh Khalid Bin Mustahail Al Mashani as new Chairman following the resignation of Khalifa Butti bin Omair bin Yousif Al-Muhairi. Upon his appointment, which took place this week, Sheikh Khalid thanked his predecessor Read more
State-run Saudi Telecom Com (STC), the kingdom’s largest telecom company, Tuesday said its planned $2.4-billion deal to acquire 55 per cent of Vodafone Egypt has been postponed for at least three months owing the Coronavirus pandemic. STC in a statement Read more
Abu-Dhabi-based budget airline Air Arabia has said market condition will determine its official launch expected in the second quarter (Q2) of this year while ruling out delay. “There are no plans to delay or postpone,” the spokesman for Air Arabia Read more
Canada has lifted the ban defense equipment to Saudi Arabia in place after the assassination of Jamal Khashoggi and concerns over the kingdom criticized campaign in Yemen as the country’s top diplomat noted that they have received significant improvement to Read more