Leading News Source For Middle East
Saudi Arabia’s General Authority for Competition (GAC) announced that it has no objection to the merger of 32 companies and local exchange institutions (purchasing and selling foreign currencies), reports say. GAC in a statement said it sees no objection to Read more
Iraq is set to invite Iran’s new President Ebrahim Raisi to attend a regional conference in Baghdad late this month that will also include Saudi Arabia. Iraqi top diplomat Fouad Hussein, according to his department, landed in Teheran Wednesday in Read more
Saudi Arabia’s space program leaders have met with French and British counterparts as the kingdom seeks to establish partnerships to the expansion agenda, Arab News reports. Abdullah Alswaha chairman of the board of directors of the Saudi Space Commission, the Read more
Saudi Arabia will set up a $15 billion technology fund to enhance digital infrastructure, reports say, citing Haytham AlOhali, vice minister of the Ministry of Communications & Information Technology (MCIT). The fund, a public-private partnership, will go into robotics, artificial Read more
Prosperity7 Ventures, the investment vehicle of Saudi Arabia’s largest state-run company has invested in Chinese medical rehabilitation robot firm Fourier Intelligence as part of the startup’s Series C+ funding round, Zawya reports citing the Chinese company. “All proceeds will go Read more
The Saudi Authority for Intellectual Property (SAIP) signed Monday a memorandum of cooperation with the French National Institute of Industrial Property (INPI), the kingdom’s state news agency SPA reports. The deal is meant to strengthen and develop a general framework Read more
UAE is the world’s second safest country in 2021 Global Finance Magazine has reported. The index which takes into account three fundamental factors – war and peace, personal security, and natural disaster risk, hails the Gulf country’s efforts to curb Read more
Saudi Arabia’s U-20 team won Tuesday the 2021 Arab Cup of the category after beating Algeria 2-1. The Saudi team came out first with six points from the group stage that included fixtures with Uzbekistan (2-0), Yemen (2-1) and Tunisia Read more
More and more Saudi companies are mulling plans to establish in the Qatar since January after both countries thawed ties, Pro Partner reports, noting that inquiries from the Saudi firm went up 40 per cent during the first quarter. Saudi Read more
Saudi Arabia Sunday announced plans to create 40,000 jobs for nationals as part of a national plan to generate more than 203,000 jobs this year. The jobs will be in legal advice, law firms, customs clearance, real estate, the cinema Read more