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Saudi Electricity Company (SEC), the largest electricity company in the Arab world, inked Thursday a deal for a $2.15-billion revolving credit facility with eight international financial institutions that have agreed to support the utility company expand its public work. The Read more
US TV channel CNN has fired one of its longtime commentators, Marc Lamont Hill, for “rebuking Israel” and calling for “a free Palestine”, in a speech at the United Nations. CNN spokeswoman, Barbara Levin, announced Thursday the sacking of media Read more
A court in Baghdad has pressed seven years in prison each against a former trade minister and two former officials of his department after they were indicted for embezzling up to $14.3 million. The Special Court for Crimes against Integrity Read more
Hamas top leader Wednesday said he has received from Moscow an invitation to visit Russia. Ismail Haniyeh’s office said the invitation was delivered by a visiting Russian diplomat. Unlike the United States, Israel and the European Union, Russia does not Read more
Qatar has said it is still expecting a formal invitation for next month summit of the Gulf Cooperation Council (GCC) to take place in Riyadh, Saudi Arabia. Media Bureau spokesman Al-Sayed Hassan told Russian Sputnik agency that Doha hasn’t yet Read more
The Saudi Public Investment Fund (PIF) has unveiled its flagship sustainable tourism development project, Wadi Al Disah Development, within the Prince Mohammed bin Salman Natural Reserve, southwest of Tabuk region. Wadi Al Disah (valley of palm trees in Arabic), will Read more
Russia’s largest leasing company GTLK has recently opened its third overseas office in Dubai to serve the Middle East and Africa. Controlled by the Russian government represented by the ministry of transport, GTLK leases air, water and rail transport, automotive Read more
King Mohammed VI of Morocco has underlined his steadfast determination to follow in the steps of the late Sheikh Zayed Bin Sultan Al Nahyan and the late King Hassan II to foster the longstanding bonds between the UAE and Morocco. Read more
US President Donald Trump and his team barred the Central Intelligence Agency (CIA) for briefing the Senate on the assassination of Saudi journalist and Washington Post contributor as the upper house was due to hold this Wednesday a private discussion Read more
Egypt’s national flag carrier EgyptAir has revealed that the ongoing blockade imposed by the North African country, Saudi Arabia, United Arab Emirates (UAE) and Bahrain on Qatar over its alleged support for terrorism has created a significant dent in the Read more