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The Biden Administration has temporarily suspended several military contract agreements including sales to Saudi Arabia, UAE, signed during the previous administration reports say. “The Department is temporarily pausing the implementation of some pending U.S. defense transfers and sales under Foreign Read more
Global and Portuguese football superstar Cristiano Ronaldo has turned down a lucrative promotional contract from the Saudi Arabia tourism authority, reports say. Ronaldo, The Telegraph reports, was offered €6 million (£5.3m) annually to be the face of the Saudi Arabia Read more
Saudi Arabia monarch King Salman has named former top adviser and head of Board of Directors of the Saudi Stock Exchange Tadawul, Dr Fahad bin Abdullah bin Abdullatif Al Mubarak, as the new governor of the kingdom’s central bank, reports Read more
Saudi Arabia’s top diplomat Prince Faisal bin Farhan Thursday said the kingdom will re-open within days its mission in Doha, Qatar, following the agreement earlier this month to re-establish ties between the two countries. Saudi Arabia, UAE, Bahrain and Egypt Read more
Qatar’s national carrier Qatar Airways and UAE’s Etihad Airways announced Wednesday to resume air traffic between the two countries after three years of suspension due to diplomatic brawl. Abu Dhabi-based Etihad Airways, Middle East Monitor (MEMO) reports said it would Read more
Saudi venture capital firm, KBW Ventures, has participated in the financing of $60 million debt of US cellular seafood firm BlueNalu, the company said Wednesday. The investment came during the Series A funding round of BlueNalu. KBW Ventures is owned Read more
Saudi Arabia’s largest telecom company, Saudi Telecom Co. (STC) has named Olayan Mohammed Alwetaid as the Chief Executive Office (CEO) of the group to replace incumbent Nasser S. Alnasser who tendered his resignation in November last year. Alwetaid according to Read more
The kingdom of Saudi Arabia has greenlighted the appointment of foreigners at the head of state-run companies, reports say. The Ministry of Commerce according to Zawya citing Okaz/Saudi Gazette made the decision following a meeting of Directors of the National Read more
Qatari Finance Minister Ali Al Emadi Tuesday opened a Qatari-financed luxury hotel in the Cairo –first ever visit by a top Qatari official following agreement between Egypt and Qatar to end long standing diplomatic rift. Emadi attended the ceremony alongside Read more
Egypt and Saudi Arabia have opened their borders to Qatari citizens, Kuwait has announced that both countries as well Bahrain, UAE agree to end more than three years of diplomatic feud. Saudi Arabia according to the Kuwaiti foreign minister Sheikh Read more