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Saudi petrochemical company, Saudi Arabian Fertilizer Co. announced Monday change of its name to SABIC Agri-Nutrients Co. on the Saudi stock exchange, following approval by an extraordinary general assembly meeting held in November, Zawya reports. The company founded in 1973, Read more
Saudi Arabia’s wealth fund PIF has started a security firm in Riyadh as part of its policy to diversify its business, Gulf Business reports say. The company named National Security Services, SAFE, will according to the fund, focus on providing Read more
Two Saudi military forces were slain in Najran, south of the kingdom, near the border with Yemen where the Gulf country has been clashing with Houthi rebels, reports say. The kingdom’s news agency, SPA, noted, that the soldiers were killed Read more
The UN human rights office Monday called on Saudi Arabia to free a prominent women rights activist sentenced nearly to six years in prison. Loujain al-Hathloul, who campaigned in 2018 to lift the ban on the women’s right to drive, Read more
Kuwait and Saudi Arabia have submitted investment offers for two projects at Cairo and Sphinx international airports. The offers have been proposed for cargo villages and logistics areas at both airports. The Egyptian ministry of Civil aviation is expanding Sphinx Read more
The joint Saudi Arabia-Egypt investment fund agreed in 2016 will soon be operational, Zawya reports citing Egyptian Prime Minister Mostafa Madbouly. Madbouly, UAE-based notes, said “executive agents” will soon be getting to work on making Egyptian-Saudi Investment Fund a success. Read more
Saudi Arabian insurers Al Ahlia and have gone into a merger in a move that will increase the Gulf Union shares. Gulf Union made the statement about the operation that brings its shares from 15 million to 22,947,464 and paid Read more
The United Defense department, the Pentagon, has leveled charges against the United Arab Emirates, UAE, for its alleged financing of Wagner Group, a Russian security company currently present in Eastern Libya, Foreign Policy Magazine reports. The charges, the magazine notes, Read more
Saudi Arabia has authorized Israeli airliners flying to the United Arab Emirates, UAE, to use its air space, reports say. The move, Israeli came after Jared Kushner, son-in-law and adviser to US leader Donald Trump, persuaded Riyadh following a request Read more
French insurance giant AXA Group announced it has relinquished its Gulf region operations to GIC Gulf Insurance for $290 million as it moves to slim its activities. The transaction will enable GIC Gulf Insurance to take control of Axa Gulf Read more