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RIYADH: First Abu Dhabi Bank has announced the completion of a legal merger with Bank Audi Egypt to operate as a single legal entity under the new name, First Abu Dhabi Bank Egypt. ُThe full

RIYADH: Raising Saudi Arabia’s import tariffs on more than 500 items led to an investment increase in goods production and more jobs in the Kingdom, according to the Ministry of Industry and Mineral

RIYADH: Banque Saudi Fransi’s $4 billion guaranteed Medium-Term Note program has been assigned a provisional senior unsecured foreign-currency rating of (P)A2 by Moody’s Investors Service. The MTN

RIYADH: Dubai Electricity and Water Authority is building three water reservoirs valued at 550 million dirhams ($149.7 million) to raise the storage capacity of desalinated water while enhancing the

RIYADH: The Organization of Petroleum Exporting Countries is set to pump $1 billion into food supply schemes to support nations affected by Russia’s war with Ukraine. The new OPEC Fund Food Security

RIYADH: Jordan will provide one million job opportunities during the next 10 years as part of its new vision for its national economy, according to Jordan News Agency. As Jordan is facing economic

Gulf countries including Saudi Arabia have condemned remarks on Prophet Muhammad made by two BJP leaders that were described as “Islamophobic”. The controversy erupted amid Vice President Venkaiah Naidu tour of Qatar in a bid to bolster trade. Saudi Arabia described BJP spokesperson Nupur Sharma’s comments as “insulting” and called for “respect for beliefs and […]

The post Saudi Arabia joins Arab backlash against comments on Prophet first appeared on IPA Newspack.

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RIYADH: Bahrain announced on Monday 24 deaths from COVID-19 – the highest figure since the pandemic began. The number of cases in the kingdom has increased sharply during May, with 3,177 new

By K Raveendran The world believes that the success of western sanctions against Putin’s Russia depends on just two countries: India and China. On the face of it, it would appear to be a straightforward positioning. For, much of the Russian oil that has been made redundant by the sanctions is expected to flow to […]

The post New Delhi Holds Its Own On Discounted Oil Imports From Russia first appeared on IPA Newspack.

RIYADH: The President of Turkmenistan Serdar Berdymukhamedov arrived in Jeddah on Wednesday. The president was received at King Abdulaziz International Airport by Makkah Gov. Prince Khaled Al-Faisal

RIYADH: Academy of Learning Co. has published its registration document for a direct listing on Saudi Arabia’s parallel market Nomu at SR40 ($11) per share, the company’s financial advisor Aldukheil

RIYADH: Bahrain-based GFH Financial Group began trading its shares on the Abu Dhabi Securities Exchange on Tuesday as it looks to tap into the wider investor market in the region. “With our listing,

RIYADH: The UAE’s share in Saudi Arabia’s non-oil exports including re-exports dropped to 14.81 percent in the first quarter this year, down from 14.87 percent the previous quarter, according to the

RIYADH: Adel Al-Jubeir was appointed as envoy for climate affairs in addition to his work on Sunday by royal decree, Saudi Press Agency reported. More to follow…

RIYADH: Qatar Airways will reconsider an initial public offering after the country concludes hosting World Cup 2022 later this year, CEO Akbar Al Baker told Asharq Business. Earlier in 2012, the

RIYADH: Abu Dhabi’s International Holding Co. has completed a 7.3 billion dirhams ($2 billion) investment transaction in three of Adani Group’s firms. Abu Dhabi-listed IHC, which has investments in

RIYADH: Saudi Arabia’s historic city development project, The Diriyah Gate, will contribute SR27 billion ($7.2 billion) to Saudi Arabia’s gross domestic product upon its completion, according to

RIYADH: The profit margin of Bahraini oil refineries has risen to its highest historical level in the industry, the country’s minister of oil and gas said in an interview with Asharq. Mohammed bin

Arabian Post Staff Dubai International (DXB) has recorded the busiest quarter since 2020 with 13.6m passengers in Q1 2022, indicating that traffic recovery is gaining momentum at the world’s busiest international hub. This is the second consecutive quarter when passenger traffic at DXB has surpassed the 10-million mark. Bolstered by 5.5m in passenger traffic in March, DXB’s passenger volumes rose to 13.6m in the first quarter of […]

RIYADH: Saudia, formerly known as Saudi Arabian Airlines, is to launch flights from Madinah to Istanbul Airport on May 11. This comes after air travel resumed between the Turkish city and Riyadh and

RIYADH: The Board of the NEOM Green Hydrogen Co., also known as NGHC, has appointed David Edmondson as its new CEO, the company said in a statement. “The appointment of David Edmondson as NGHC’s CEO

By Manish Rai The Taliban now has firm control over Afghanistan. At this point in time, the Taliban have no opponents capable of undermining their positions in terms of military, political, or even economic resources. Also, there have been no meaningful changes in the radical ideology of the Taliban. It is still a militant group ruling over a UN member state. During the 2021 summer offensive, the […]

RIYADH: Middle East-based transport start-up Swvl has signed a definitive agreement to acquire UK smart bus platform and technology scale-up Zeelo. This transaction provides Swvl, which has locations

By Anjan Roy While a new prime minister has been elected by a rainbow coalition of opposition parties in Pakistan, it does not bode well for political stability in the country. Shehbaz Sharif, younger brother of former Pakistan prime minister, Nawaz Sharief, is an experienced political hand. But he would be hobbled by the same […]

The post Dealing With Debt Crisis Is The Foremost Task Of New Pakistan Government first appeared on IPA Newspack.

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Just in:
Fast Just Got Fastest: STING Energy Boost™ Celebrates Kimi Antonelli’s Formula 1® World Championship and the Fan Energy Behind It // xCube Access Welcomes Entrust Capital Limited  Expanding Access to Professional Portfolio Management // After Reaching 7 Million Users in the Philippines, Skyro Launches Transparent Cash Loans in Malaysia // As AI Reshapes Education, Singapore Convenes Global Dialogue on the Future of Early Childhood Education // Emirates Group records AED 4.1 billion half-year profit // APT29-linked campaign exploits outdated Apple and Android software // Vance attributes Republican midterm defeats to Iran conflict // Cloudflare unveils Zero Wire vulnerability intelligence service // Anthropic to prohibit persistent abuse of Claude chatbot // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // UK air traffic outage inflicted £33m financial losses // ADIA and partners establish $1.4 billion aviation venture // Middle East governments assess Iran war after US vote // Democrats capture Senate majority with seven Republican seats // Meraas showcases five residential zones at Dubai Design Week // Oil and chip shares retreat after Democratic victories // Ta’ziz finalises $1.39bn funding for Ruwais industrial facilities // AI trust gap reveals distinct retail priorities: Divergent paths to consumer growth in Hong Kong and the GBA // Utilities pursue ₹1,992 cr in unpaid bills //