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Saudi Basic Industries Corporation (SABIC) has named a new chairman in line with the company’s takeover by the kingdom’s oil giant Aramco. Khalid Hashim Al Dabbagh will succeed Abdulaziz Saleh Aljarbou, following an approval on June 16, Zawya reports citing Read more
Microsoft Corporation will collaborate with Oman’s National Youth Council (NYC) to upgrade Omani youth’s skill in emerging technologies, Trade Arabia reports. The Washington-based tech giant will organize Youth Tech Bootcamp during which students and working professionals will have the opportunity Read more
Turkey Wealth Fund, TWF, is in advanced negotiations with Sweden’s Telia to acquire shares in Turkcell for an investment of $530 million. “Negotiations are still ongoing and are in an advanced stage, but no agreement has yet been reached,” Telia Read more
Three Kuwaiti officials have been nabbed over allegations that they caused the loss of $25 million for the civil aviation industry. The officials, whose identity has not been revealed, were arrested following a complaint by the Minister of State for Read more
A group of Egyptian nationals who were stranded in Qatar amid the covid-19 pandemic have returned home after both countries, mired in a diplomatic row, agreed to coordinate the repatriation operation. A group of 174 Egyptians arrived in Egypt on Read more
Head of the Libyan House of Representation (HoR), Aguila Saleh, made an unannounced visit to Algiers, which has offered to mediate between Libyan factions. The HoR leader, based in the east, has emerged as the new leader of the Libyan Read more
Algeria Saturday laid into the World Health Organization (WHO) after the Director for Africa of the UN agency said the pandemic continues to spread fast in several countries including the North African country. A statement from the President’s office said Read more
Saudi Arabia’s oil giant Aramco has acquired 70 per cent of Saudi Basic Industries Corporation (SABIC) in four transactions for a combined investment of $69.1 billion, Zawya reports. The deals posted on the Saudi Stock Exchange Tadawul, stressed that one Read more
One month after issuing a draft resolution, the European Union has removed Tunisia from its list of countries that pose threats to the financial system over money laundering and terrorism financing because of lack of legislation at home. The European Read more
Egypt Thursday said foreign tourists can return to main seaside resorts from July 1 as the North African country tries to relaunch the sector significantly affected by the covid-19 pandemic. International flights will resume to southern Sinai, where the resorts Read more