Home » May 25th, 2020 Entries posted on “May, 2020”

Saudi Salic acquires 29.81 per cent in India’s Agri Business Fund

Saudi Arabia’s Agricultural and Livestock Investment Company, Salic, has acquired 29.81 per cent of Daawat Foods Ltd (DFL) from the India Agri Business Fund. The acquisition is in line with the Saudi investment company’s strategy to invest in rice, the aim being to strengthen the rice supply chain and make it more efficient and robust. […]

May 25th, 2020 | Posted in Finance,Gulf News,Headlines,World News | Read More »

Palestinian Authority rejects UAE medical aid shipped through Israel

The Palestinian Authority (PA) in the West Bank has declined tons of medical aid provided by UAE to help fight covid-19, arguing it was not informed about the shipment that was sent through Israel, The New Arab reports. PA health ministry in a statement Thursday said the aid was sent without coordination. “UAE aid arrived […]

May 22nd, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Khashoggis pardon murderers of their father

The family of prominent Saudi journalist Jamal Khashoggi killed in the kingdom’s consulate in Istanbul in 2018 said they have forgiven murderers of their father, Anadolu News agency reports. “On this blessed night of the blessed month (of #Ramadan), we remember God’s saying: ‘If a person forgives and makes reconciliation, his reward is due from […]

May 22nd, 2020 | Posted in Gulf News,Headlines,World News | Read More »

Lebanon maintains contract with Sonatrach amid corruption, adulterated fuel scandal

A cabinet meeting led by President Michel Aoun has decided to maintain fuel supply contract with Sonatrach Petroleum (SPC), a subsidiary of Algeria’s state-run oil company, that is currently embroiled in supply of low quality fuel and corruption scandal, reports say. The Lebanese leader however stressed that investigations launched into the alleged corruption and supply […]

May 21st, 2020 | Posted in Energy,Headlines,World News | Read More »

Egypt: Robbers attack business in Cairo wearing national soccer star Mo Salah masks

Police in Egypt have arrested four men who attempted to rob a business in capital Cairo, disguised as national soccer and Liverpool star Mohamed Salah, reports say. The gang was arrested Tuesday on Hassanein Heikal Street in Nasr City neighborhood. They reportedly confessed to the Major General Nabil Selim, the director of the General Department […]

May 21st, 2020 | Posted in Headlines,World News | Read More »

U.S slaps sanctions on Chinese logistic firm for helping blacklisted Iran’s Mahan Air airliner

The U.S Tuesday blacklisted a Shanghai-based logistic firm over alleged accusation that the company provides services to Iran’s airliner Mahan Air which has been the US sanction list since 2011, Anadolu News agency reports. Saint Logistics Limited, which provides services in several areas including railway, sea transport, airlines for cargo transportation and multimodal transportations of […]

May 20th, 2020 | Posted in Headlines,World News | Read More »

Etisalat appoints Hatem Dowidar as interim CEO

Emirati telecom group Etisalat Group Wednesday appointed Hatem Dowidar as Acting Chief Executive Officer after Saleh Al Abdooli resigned from his role as CEO. Abdooli, according to the group, submitted his resignation citing personal reasons. He had been with telecom giant for 28 years. The board of directors picked Dowidar who until his new appointment […]

May 20th, 2020 | Posted in Gulf News,Headlines | Read More »

Oman cuts salaries by 23 per cent amid cut in oil revenues and covid-19 pandemic

The Civil Service Council of the Sultanate has cut by 23 per cent the salaries of the new civil servants as Gulf country implement austerity measures as result of slimming oil revenues and effects of novel covid-19 disease. The council in a statement said a PhD holder’s entry level salary would be reduced 23 percent […]

May 19th, 2020 | Posted in Gulf News,Headlines | Read More »

Lebanon: Top official of Central Bank charged with manipulating exchange rate

The director of monetary operations at the central bank, Mazen Hamdane has been charged with manipulating exchange after he was arrested last week, reports say. Financial prosecutor Ali Ibrahim, AFP reports citing a judicial source, found Hamdane of the manipulating the national currency and breaching the pound’s stability through directly buying dollars from money changers. […]

May 19th, 2020 | Posted in Finance,Headlines | Read More »

Lufthansa schedules resumption of Dubai – Frankfurt flights early June

Germany’s national carrier, Lufthansa, has announced resumption of flights from Dubai to Frankfurt for June 7, Arabia Business reports. “People want to and can travel again, whether on holiday or for business reasons. That is why we will continue to expand our offer step by step in the coming months and connect Europe with each […]

May 18th, 2020 | Posted in Gulf News,Headlines,World News | Read More »