Leading News Source For Middle East
German online food delivery giant Delivery Hero has announced the acquisition of Dubai-based grocery delivery platform InstaShop in a deal valued at $360 million. NiklasÖstberg, CEO and Co-Founder of Delivery Hero in a statement indicated that the deal will spur Read more
Bahrain and the U.S have extended to 10 years the validity of tourist visas granted to citizens of both countries, Trade Arabia reports. Bahrain’s ministry for foreign affairs and the US embassy the online media notes reached to a deal Read more
Bahrain’s High Criminal Court requested five years in prison for five officials of a local bank suspected for involvement in a money laundering case in connection with three Iranian banks. The officials from Future Bank are also fined a million Read more
The High Criminal Court of the Gulf country requested five years in prison for five official a local bank suspected for involvement in a money laundry case in connection with three Iranian other banks, reports say. The official from Future Read more
British conglomerate McLaren Group is mulling plans to sell around 20 to 30 per cent of shares in its F1 team as it struggles financially, reports say. The plans according to Sky News are in the making and also considers Read more
Qatar has branded “incorrect and baseless” rumors that it is planning to leave the Gulf Cooperation Council (GCC) as the diplomatic feud with Saudi Arabia, UAE and Bahrain will be three-year old next month. “Reports claiming that Qatar is considering Read more
Turkey’s leading defense and technology company has landed a contact in Bahrain to supply the navy of the tiny Gulf kingdom, Daily Sabah reports. “Aside from the latest sale of the remote-controlled weapon system to the Gulf, Aselsan – having Read more
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
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
Bahrain-based Gulf International Bank BSC has hired Deutsche Bank AG’s CEO Jamal Al Kishi to become the new CEO of the parent company, Gulf International Bank B.S.C, Bloomberg reports. Al Kishi will also become the deputy group CEO, GIB Read more