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Gulf Pharmaceutical Industries Manufacturers, Julphar, based in the UAE, has announced it sold its 51 per cent stake in Alpha Pharma, a pharmaceutical manufacturing plant in Saudi Arabia, Zawya reports. The company announced the transaction to be completed in the Read more
The kingdom of Saudi Arabia approved Tuesday the creation of Mahd Sports Academy, expected to foster the next generation of sports talents for the Gulf country. Launched last year in July, the academy according to Sport Minister Prince Abdulaziz bin Read more
The kingdom of Saudi Arabia has been elected as a member of the International Labor Organization’s governing body until 2024, Arab News reports. The voting process took place Monday as part of the 109th session of the International Labor Conference. Read more
Foreign pilgrims will not perform the hajj this year, Saudi Arabia said Saturday, the second straight year the Gulf country is preventing outside believers to perform the religious ritual. State-run news agency SPA indicated that the decision is motivated by Read more
Saudi Food and Drug Authority (SFDA) has prohibited the import of poultry meat, table eggs, and their products from the French regions of Landes, Pyrenees-Atlantiques and Gers, reports say. The move according to the SFDA is made after reviewing a Read more
Italy has summoned a UAE envoy to the European country to protest against the denial of the Emirati airspace to an Italian military jet carrying journalists attending a ceremony in Afghanistan. The Secretary-General of the Foreign Ministry, Ambassador Ettore Sequi, Read more
Saudi Land Forces and US forces Army Ground Forces (AGF) launched Tuesday “Falcon Claws 4”, a joint military drill aiming at strengthening military relations between the two countries and exchanging expertise and concepts. The exercise, according to the kingdom’s news Read more
Red Sea Farming, a Saudi agriculture technology startup said Monday it raised $10 million in seeds round to be used for the expansion in the region and for improving facilities. The investors include Saudi Aramco’s (2222.SE) entrepreneurship arm Wa’ed, the Read more
Saudi Arabia’s Vision Fund is set to make an investment in a local messaging startup, representing the fund’s first investment in a local company, Arab News reports. Without giving more details the fund CEO Rajeev Misra told the media that Read more
Saudi Arabia will Thursday launch in Geneva the “Riyadh Initiative” aimed at establishing a global network of operations to exchange information between anti-corruption agencies, Arab News reports. The initiative aims at developing a rapid and effective tool to combat cross-border Read more