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RIYADH: Qatar Investment Authority’s (QIA) stake in Credit Suisse will increase to 6 percent when two securities it subscribed to convert into shares later this year, Al Arabiya reported citing a

RIYADH: The Sovereign Fund of Egypt seeks to raise about 1.75 billion Egyptian pounds ($111.5 million) to invest in providing high-quality education to the middle class through its new education

RIYADH: Emirates added extra flights betwen Saudi Arabia and the UAE on Sunday after the Kingdom suspended air travel to its neighbor. It doubled flights to Riyadh and Jeddah and added a Dammam

RIYADH: Chairman of the Royal Commission for Jubail and Yanbu, Abdullah Al-Saadan, laid the foundation stone for a SR3.3 billion ($879.8 million) factory to produce LED lighting lamps in the in

DUBAI: The Yemeni government welcomed Saudi Arabia’s latest statement on the Riyadh Agreement, Yemen’s foreign minister said on Friday The Saudi statement includes a clear message to respect the

James M Dorsey Recent announcements by Crown Prince Mohammed bin Salman of plans to turn the kingdom into a transportation and logistics hub that connects continents take to a new level Saudi efforts to replace the United Arab Emirates and Qatar as the Middle East’s go-to addresses. Prince Mohammed’s plans, which include the creation of a new national carrier alongside Saudia, currently the kingdom’s aviation flagship and construction of a new airport for […]

RIYADH: The Saudi Sports for All Federation (SFA) has signed a memorandum of understanding with the Arabian Centers Co. to turn their malls into walking destinations for visitors in their latest
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RIYADH: Saudi Arabia’s Public Investment Fund (PIF) said it appointed Rania Nashar, former CEO of Samba Financial Group, as its head of compliance and governance, Al Arabiya reported. Nashar joined

Arabian Post Staff After being awakened from their 15-month long hibernation, Dubai International’s Terminal 1 and Concourse D welcomed their first passengers on Thursday morning with the arrival of flynas flight XY201 from the Saudi Arabian capital of Riyadh. Linked to Terminal 1 by an airport train, the $1.2 billion Concourse D, opened in February 2016 as the home terminal of DXB’s 65 plus international carriers. The […]

RIYADH: Bahrain Telecommunications Co. (Batelco) is planning to become the first company to have a dual listing of shares on Saudi Arabia’s stock exchange (Tadawul), Bloomberg reported citing people

RIYADH: Saudi Arabia announced 15 deaths from COVID-19 and 1,239 new infections on Wednesday. Of the new cases, 371 were recorded in Makkah, 253 in Riyadh, 229 in the Eastern Province, 98 in Asir, 83

DHAHRAN: Saudi Aramco’s entrepreneurship arm Wa’ed on Wednesday launched its first roadshow event to unearth and fund the next generation of Saudi entrepreneurs. Wa’ed has up to SR100 million ($27

James M. Dorsey Eager to enhance its negotiating leverage with the United States and Europe, Iran is projecting imminent membership of the China-led Shanghai Cooperation Organization (SCO) in much the same way it pushed the signing of a much-touted 25-year cooperation agreement with the People’s Republic that has yet to have any real legs. Converting Iran’s SCO observer status into full membership is likely to be a […]

RIYADH: A new city being developed in Saudi Arabia’s Eastern Province will be cashless according to Riyad Bank CEO Tareq Al-Sahdan. King Salman Energy Park (SPARK), located between Dammam and

RIYADH: Saudi Arabia said it will limit registration for this year’s Hajj pilgrimage to citizens and residents of the Kingdom in light of the coronavirus pandemic. The ministers of health and Hajj

RIYADH: 5G telecommunications services reached three additional Saudi governorates during the first quarter of 2021, the Communications and Information Technology Commission (CITC) announced in its

RIYADH: Sulaiman Hamad became the latest Saudi athlete to book his ticket for the Tokyo Olympics when he secured a spot in the forthcoming games’ judo competition. The Saudi national team and

RIYADH: The Saudi U-23 football team on Tuesday night drew 1-1 with Mexico in the latest friendly match at its training camp in Marbella, Spain as part of its preparation for the Tokyo Olympics. The

RIYADH: The Central Bank of Egypt (CBE) will start the electronic clearing of checks in foreign currencies from next Monday, Al Arabiya reported citing an official statement. “Launching the

RIYADH: Bahrain’s Investcorp Holdings will delist from the Bahrain Bourse after almost four decades due to low trading volumes, Bloomberg reported.The Middle East’s biggest alternative asset manager

A US-based food technology platform has announced a new $100 million Saudi joint venture targeting 550 outlets by 2026, with the first set to launch in Riyadh early next year. Creating Culinary

RIYADH: Saudi L’Azurde shareholders will vote today on the board’s recommendation on increasing capital from SR430 million ($115 million) to SR575 million, through a rights issue. The decision to

RIYADH: Saudi Arabia recorded 16 new COVID-19 related deaths on Wednesday, raising the total number of fatalities to 7,393. The Ministry of Health confirmed 1,269 new confirmed cases reported in the

RIYADH: A total of 83 listed companies on the Saudi Stock Exchange (Tadawul) were trading above their three-month average when the bourse closed for the week on Thursday, according to data compiled
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