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Agility, a Kuwait firm, has acquired Britain’s John Menzies for nearly $750 million, in a move to set up the world’s largest airport services, reports say. Agility currently holds a 19% stake in Menzies. Per the deal agreed, Menzies shareholders Read more
The Saudi-led coalition battling Iran-supported Houthi rebels said Tuesday it would cease military operations in Yemen today March 30 to help peace efforts by the UN and Gulf Cooperation Council (GCC). This, Arab News reports citing the coalition, comes in Read more
King Mohammed VI of Morocco has vehemently condemned the repeated attacks on Saudi oil storage facilities as subversive and terrorist acts against vital and civilian facilities in Saudi Arabia. This came in a message of solidarity king Mohammed VI addressed Read more
A future land bridge under study to connect the western and eastern parts of the kingdom of Saudi Arabia will cost $26 billion, reports say, citing the Gulf country’s minister of Transport and Logistics. “The land bridge project is considered Read more
Saudi Arabia’s Justice Minister and chairman of the Saudi Bar Association (SBA) Dr. Walid Al-Samaani has issued an order appointing five members, including a woman, to the third session of the board of directors of the association, for the first Read more
Italian aerospace, defense and security company, Leonardo, will develop in Qatar a naval operation center as part of a deal with the tiny-gas rich country, the Rome-based company has announced. “Leonardo will provide the Qatari Emiri Naval Forces (QENF) with Read more
Dubai-based global port operator DP World announced on Wednesday that it has closed a deal to acquire Imperial Logistics in South Africa – an operation that expands the company’s footprints in Africa. The transaction was completed on March 14, the Read more
Saudi Arabia’s sovereign wealth fund, Saudi Public Fund, will set up a public fund in Egypt per an agreement signed with the Arab republic, amid Cairo’s search for financial support from Gulf countries. The deal was signed Thursday in Cairo Read more
Kuwait has reported 25 suicides this year underlining an increase by 50 per cent over the past two years. The majority of those who committed suicide in the last 70 days, reports say, were Asians; those in the age group Read more
The President of the Federal National Council of the United Arab Emirates (Parliament), Saqr Ghobash, said, Tuesday, that the support of his country to the Moroccanness of the Sahara stems from its full conviction of the right of the Kingdom Read more