Russian president: King Salman’s visit to Moscow a great honor

:: Russian President Vladimir Putin said that Saudi King Salman’s visit to Moscow was a great honor for Russia, and described it as a “historical event” because it was the first visit More »

Yemen PM: Iranian ship seized near the coast of Socotra

:: The Yemeni government announced on Saturday that it had seized an Iranian ship carrying 19 sailors off the coast of the Socotra archipelago, east of the country. “The Iranian ship was More »

Saudi’s Al-Falih says global oil market improving, stabilizing

:: The global oil market is improving and stabilizing, Saudi Oil Minister Khalid Al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Al-Falih praised More »

US Treasury Secretary to visit Middle East over Iran threats

:: US Secretary of Treasury Steven Mnuchin will be visiting the Middle East this week to discuss the Terrorist Financing Target Center (TFTC) partnership and other matters on Iran. Accompanying Mnuchin is More »

Gargash: Doha seeking the satisfaction of Washington, Iran

:: UAE Minister of State for Foreign Affairs Anwar Gargash said on Friday that Doha’s opportunism is out in the open, and that Qatar is floundering in its own contradictions, appealing to More »

 

Category Archives: Economy

Saudi Airlines to operate regular Baghdad route starting Oct. 30

:: Saudia Airlines will begin its first flight to Baghdad on Oct. 30 in what will be the first flight to the Iraqi capital after 27 years of interruption. The news comes after Saudi budget airline Flynas last week made

Financial crisis forces Qatar to sell UACC, but Saudi Arabia owns the decision

:: Qatar’s crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the

Egypt says Bahrain, Kuwait and UAE to lift ban on its agriculture exports

:: Bahrain, Kuwait and the United Arab Emirates have agreed to lift a ban on imports of Egyptian agricultural products, Egypt said on Sunday, as the country works to step up exports to narrow its budget deficit. The agreement came

UAE central bank survey projects moderate growth in loan demand

:: Demand for business credit and personal loans in the United Arab Emirates increased marginally in the July-September quarter, and a moderate increase is expected in the current quarter, a central bank survey showed on Sunday. The net balance measure

Saudico Electronic Systems and Acteos SA are Partners In Saudi Arabia

:: Saudico Electronic Systems (SES) and Acteos SA have established a partnership for distributing Acteos range of modern Supply Chain Planning & Execution applications in Saudi Arabia. Acteos SA is a software Developer and Integrator of Supply Chain solutions headquartered

SAP Commit to Saudi Vision 2030 Digitization Goals

:: The Kingdom’s biggest public and private sector organizations have announced their commitment to Saudi Vision 2030 and National Transformation Program 2020 goals of digital transformation, with a common theme: Transform or Be Left Behind! The global economy is being

Saudi’s Al-Falih says global oil market improving, stabilizing

:: The global oil market is improving and stabilizing, Saudi Oil Minister Khalid Al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Al-Falih praised the cooperation between Iraq and Saudi Arabia, which

Air Berlin seeks damages from Etihad — Rheinische Post

Air Berlin

:: German airline Air Berlin is demanding damages from its part-owner Etihad Airways for letting it become insolvent and it hopes for payment of at least €10 million, Air Berlin’s administrator told a German newspaper. “We are in negotiations with

Only Saudi Women will be entitled to run females’ supplies stores in the Kingdom

:: Only Saudi women will be entitled to run females’ clothing stores across all regions of Saudi Arabia, following implementation of the third phase of a government decision to feminize such outlets starting from Saturday. The third stage of feminization

UAE retailer MAF trawls Silicon Valley for data specialists

:: Dubai’s Majid Al Futtaim, the Middle East operator of French retailer Carrefour SA, is hiring 200 people as it rolls out an ambitious strategy to expand its digital and e-commerce operations, its chief executive told Reuters. Majid Al Futtaim,

GE profits fall, sending shares sharply lower

:: General Electric reported a decline in third-quarter profits on Friday, sending shares sharply lower, as weakness in the oil and gas and power businesses once again weighed on results. The US industrial conglomerate, newly led by chief executive John

Malaysia Airlines appoints group CEO to replace Bellew

:: Malaysia Airlines Berhad on Friday appointed Captain Izham Ismail as group chief executive officer designate with immediate effect following the departure of Peter Bellew after just over a year in the job. Izham, who has served as chief operating

First Saudi commercial flight jets to Baghdad after 27 years

:: Saudi budget carrier flynas on Wednesday made the first commercial flight from Riyadh to Baghdad since 1990, as ties with neighboring Iraq show signs of improvement. “Our first flight took off today from Riyadh to Baghdad,” the company wrote

UK will keep working to resolve ‘unjustified’ Boeing trade dispute

:: Britain said on Tuesday it would keep working to resolve what it called an “unjustified” case brought by US plane manufacturer Boeing against Canada’s Bombardier relating to the CSeries jetliner program. “We have been working tirelessly across government to

New policy could give India’s often exploited domestic workers minimum wage

:: Domestic workers in India will soon be entitled to a minimum wage and social security benefits, according to a draft proposal that activists say does not go far enough to protect these workers and lets employers off the hook.

Bahrain says it signed $3.8 billion deal for F-16 jets

:: Bahrain on Tuesday announced it had signed a $3.8 billion deal with Lockheed Martin for 16 upgraded F-16 fighter jets. The Bahrain Defense Force signed the agreement with the US company during a defense exhibition in the country, home

Saudi Arabia: No VAT on housing rent and government services

:: The official Value Added Tax (VAT) twitter account said on Sunday that VAT will not be applicable on housing rents or governmental services in Saudi Arabia. Some of the governmental services not adherent to the VAT include passport and

Populism again casts shadow over booming eurozone economy

:: For months, the outlook for the eurozone economy has brightened thanks to a series of electoral defeats for populist parties in key states like France. Now, following votes in Germany and Austria and the uncertainty over the Spanish region

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