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Saudi Arabia has decided to postpone to a later date the Arab-African summit initially scheduled to take place on Saturday Nov.11 in capital Riyadh. The postponement of the Arab-African summit was announced in an official letter addressed by the Saudi Read more
Morocco’s Minister of Foreign Affairs Nasser Bourita said on Sunday that Syria’s readmittance into the Arab League must be a launchpoint for a political process to find a “comprehensive and long-lasting” resolution to the country’s crisis. The statement came during Read more
Kingdom Holding Company (KHC) founded by Saudi Prince Alwaleed Bin Talal, has injected $282.99 million (SR1.063 billion) in the Phoenix Group, one of the largest insurance, savings and retirement companies in the United Kingdom, as part of the company’s continuous Read more
Saudi Arabia announced on Friday it will open its airspace “for all air carriers that meet requirements of the authority for overflying.” The decision was taken “to complement the efforts aimed at consolidating the Kingdom’s position as a global hub Read more
Saipem and Saudi construction company Nasser S. Al Hajri Corporation have signed a deal with Saudi Aramco to set up a new entity in the kingdom to execute onshore engineering, procurement and construction (EPC) projects, Zawya reports. The signatories have Read more
Mastercard names Adam Jones for the role of Country Manager for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq. Jones, the company said in a press release, will handle the digital payments firm’s operation. Jones will equally team up with Read more
The Saudi monarch King Salman issued a royal order approving an allocation of $5.32 billion (SR20 billion) to help citizens mitigate the impacts of rising global prices, Half of the allocated money will go to social insurance beneficiaries and the Read more
Dubai-based start-up YAP, which operates a digital banking app, has raised $41 million to fund its expansion in the Middle East, Africa and Pakistan, Zawya reports. The investors include Saudi Arabia’s Aljazira Capital alongside Abu Dawood Group, Astra Group and Read more
The Public Investment Fund (PIF), the sovereign wealth fund of the kingdom of Saudi Arabia has launched AviLease, an aircraft leasing company that will provide leasing, trading and asset management services. The fund in a statement said AviLease will initially Read more
Singapore-based Olam Agri, the food, feed and fiber operating group of Olam Group, has secured a $745 million financing facility from the UAE banks to refinance existing loans for general corporate purposes, Zawya reports. Abu Dhabi Commercial Bank, First Abu Read more