Tag Archives: saudi arabia

Best Cash & Cash Management Providers 2022: Middle East

Fragmented payment systems and a lack of standardization have hampered the cash management efforts of businesses in the Middle East, but that should change. Although Covid-19 has boosted the adoption of digital payments in the region, new government initiatives and regulatory measures in the Middle East are …

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US relations with Gulf partner UAE are being tested, envoy says

UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan (left) listens alongside UAE Ambassador to the United States Yousef Al Otaiba, U.S. Secretary of State Mike Pompeo ( not pictured) during a Gulf Cooperation Council summit on the sidelines of the United Nations General Assembly in New York, U.S., September …

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Babar wants notice served on Prime Minister Imran Khan for hiding accounts

ISLAMABAD: PTI Chairman Imran Khan should be served formal notice for flagrant violation of political finance laws as dozens of foreign and local bank accounts were concealed from the election commission. This was requested by the petitioner in the PTI foreign funding case, Akbar S Babar, at a press conference. …

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Analysis: UAE corporate tax could dilute competitive advantage as Saudi Arabia intensifies

People walk on the Bluewaters Island pedestrian bridge in Dubai, United Arab Emirates, December 08, 2021. REUTERS/Satish Kumar Join now for FREE unlimited access to Reuters.com Register DUBAI, Feb 17 (Reuters) – The United Arab Emirates’ plans for a corporate tax risk are eroding one of its main attractions as …

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A women-led farmers market showcases local produce in Eastern Province

How the ‘critically endangered’ Arabian leopard is being returned to the wild in Saudi Arabia LONDON: Abdulaziz Alenzy will never forget the moment he got the call last April. After more than three months of anxious waiting, one of the leopards in the Taif Wildlife Research Center’s captive breeding program …

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Tesla Receives SEC Subpoena Over 2018 Settlement

RIYADH: Moody’s Investors Service has assigned an A1 long-term issuer rating to Saudi Arabia’s Public Investment Fund, marking the first rating by the Saudi fund agency. “Achieving a credit rating is an important milestone for PIF as we continue to grow our investment portfolio and achieve our goals,” commented PIF …

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‘I’m passionate about this club’: Dan Burn’s return to Newcastle United lasts 19 years

NEWCASTLE: Whether it’s stacking shelves in a supermarket and playing non-league football or gracing the lawn of St. James’ Park in the famous black and white, Dan Burn’s path back to Newcastle United has been a long time. Now the 29-year-old is determined to show that he is the man …

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Help build solid foundation for Libyan elections and don’t fixate on dates, Security Council says

DUBAI: When tens of thousands of young people took to the streets of Baghdad and cities in southern and central Iraq at the end of 2019, one fundamental demand rang out louder than any other: job opportunities. The country, which had only recently emerged from decades of tyranny, siege, war …

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Clean technologies can help defend democracy and human rights, part 2

This article is part two of a 4-part series on how clean technology can help defend democracy and human rights. You can find part 1 here. Clean technologies can reduce the funding of authoritarian regimes Another way clean tech can help in the fight for democracy is by starving authoritarians …

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Saudi retailer BinDawood to create unit that will ‘capitalize on investment’

RIYADH: Ronaldo Mouchawar, MENA’s first internet man, may have sold the company he started for $580m, but he has the same drive he had when he joined his first startup 20 years ago. The Syrian entrepreneur built the region’s largest online marketplace, Souq.com, in 2005 and 12 years later sold …

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UN: escalating war in Yemen causes hunger, collapse

UNITED NATIONS (PA) – The intensification of military action in Yemen has displaced more than 15,000 people in the past month, killed or injured more than 350 civilians in December and left the poorest nation in the Arab world facing growing famine and economic collapse with no political solution in …

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Saudi fintech investment jumps as regulators set landscape for 2021: Year in review

Saudi Arabia’s ‘Unprecedented Growth’ Expected to Solidify M&A Leader Position in 2022 RIYAD: Saudi Arabia has become one of the most attractive markets for international companies looking for new mergers and acquisitions, and it is expected to maintain its position in 2022. The country’s growth stood at 6.8% for the …

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Saudi Arabia’s ‘Unprecedented Growth’ Expected to Solidify M&A Leader Position in 2022

Saudi Arabia has emerged as one of the most attractive markets for international companies seeking new mergers and acquisitions, and it is expected to maintain its position in 2022. The country’s growth stood at 6.8% for the third quarter. This is due to the growing global demand for crude oil, …

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A revised Jordan First policy

After Iraq invaded Kuwait in 1990, King Hussein of Jordan denounced US preparations for war against Baghdad, saying the campaign was “against all Arabs and Muslims”. Hussein asserted that the objective of the operation was to “destroy Iraq” and pledged to oppose “foreign hegemony” in the Middle East. Amman’s position …

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Investment firm Jared Kushner Affinity raises $ 3 billion in committed funding

WASHINGTON, Dec.23 (Reuters) – Jared Kushner’s global investment firm Affinity Partners has raised more than $ 3 billion in funding from international investors, a person familiar with the effort told Reuters on Thursday. Fund raising. Kushner, a former senior official to former President Donald Trump, married to his daughter, Ivanka, …

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Left-wing millennial wins election for Chile’s next president

ISLAMABAD: Muslim nations pledged Sunday to create a fund to help Afghanistan avoid an impending economic collapse which they say would have a “horrific” global impact. At a special meeting in Pakistan of the 57 members of the Organization for Islamic Cooperation (OIC), delegates also agreed to work with the …

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Saudi, Egyptian foreign ministers and GCC chief focus on peace and security in Gulf region

Frankly speaking: Saudi Ambassador to UN calls for more effort to reveal Houthis’ terrorist role DUBAI: Saudi Arabia is “not convinced” by the arguments put forward by the administration of US President Joe Biden to keep the Houthis of Yemen off the list of international terrorist organizations, the Kingdom’s ambassador …

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Saudi mining facilities reach 360 as Kingdom launches database for investors

CAIRO: Saudi Arabia will announce its budget for fiscal 2022 in December amid various forecasts from international and local organizations, some predicting a surplus while others expecting a reduction in the budget deficit. However, in its pre-budget statement, the Saudi Ministry of Finance predicted that the budget balance would reach …

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The story of Najib’s Arab gifts surpasses that of the Thousand and One Nights: judges

PUTRAJAYA: Former Prime Minister Datuk Seri Najib Abdul Razak (PhotoThe defense that the RM42million in his personal accounts was part of Arab donation money has been described as a story going beyond that of the 1,001 Thousand and One Nights. In fact, in a 308-page written judgment, Court of Appeal …

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Saudi government prepares plans to help scale up investment push

Monday 06 December 2021 19:11 Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, bought an 80% stake in Newcastle United Football Club this year. The government is launching a concerted effort to get Middle Eastern investors to buy real estate in parts of the UK outside of London, with …

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JIMCO, CFS to provide the world with unlimited sustainable energy

DJEDDAH: The Luxury Network Saudi Arabia, Saudi Arabia’s leading luxury business networking and affinity marketing group, hosted an intimate VIP gala dinner to celebrate recent milestones and achievements in Saudi motorsport. The gala dinner was held in the upscale luxury room of Laylaty in the presence of Prince Khalid bin …

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Peng Shuai, Human Rights and the Power of an Individual Example

Peng Shuai plays at the Australian Open on January 21, 2021. (Kim Hong-Ji / Reuters) In Impromptus Today I am directing with jury duty, which leads to balkanization in our country – have you completed your “jury information” form? – which leads to politics, which leads to. . . You …

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Dakar Rally 2022 route unveiled across the Saudi Arabian desert

Greg Norman: Saudi Arabia can become a golf powerhouse through my redesign of the Asian Tour LONDON: When ‘the great white shark’ – aka Greg Norman – sinks his teeth into something, success is guaranteed on and off the golf course. The 66-year-old Australian has won 91 professional tournaments, including …

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Swapna Suresh Obtains Bail In UAPA Case, To Get Out Of Jail After 14 Months | Kerala News

Kochi: The request for bail of Swapna Suresh, one of the main defendants in the diplomatic gold smuggling case, in a case registered by the National Investigation Agency (NIA), has been approved by the High Court of Kerala Tuesday. Thanks to this, Swapna can now be released from prison after …

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FII: Bank chiefs and CEOs deliver mixed verdict on cryptocurrency investing

RIYAD: The verdict on cryptocurrency products and funds was mixed as CEOs, central bank chiefs, investors and policymakers exchanged views on the topic on the first day of the Future Investment Forum in the Saudi capital. The three-day forum, which is themed “Investing in Humanity,” includes discussions on artificial intelligence, …

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Pitbull urged to ignore human rights violations in Saudi Arabia

Rapper Pitbull is called a hypocrite after a top performance in Saudi Arabia. Pitbull, hip-hop news, gold school Cuban-American hip-hop artist Pitbull is in the news again, but it’s not for his music. Critics call the top of the charts “On the Floor” for having double standards when it comes …

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Sports washing is a term that explains little and obscures everything

To say the least, a lot has been done about the takeover of Newcastle Untied. After 14 years of discussing the revival among ourselves, I think we all agreed that one day, once that was done, we could finally stop talking about it. Sadly, thanks to national media and Newcastle …

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Fossil fuel use is dangerously out of sync with global goals

A bulldozer parked near a mound of coal on the grounds of the Peabody Energy Francisco coal mine in Francisco, Indiana, United States on Thursday, September 23, 2021. Luc Sharrett | Bloomberg | Getty Images LONDON – As world leaders prepare for one of the most important climate summits ever, …

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“SGI signals a new era for humanity”: How the Saudi Green Initiative Forum could change the world

Since the turn of the last century, Saudi Arabia’s image and fortune have been inextricably linked with one element. The discovery and exploitation of petroleum transformed life in Saudi Arabia and placed the country at the forefront of the global petroleum economy. But times have changed over the past two …

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Why Goldman Likes 8 Oil Stocks But Cools Down On Conoco

A Hess gas station Joe Raedle / Getty Images Text size The price of oil keeps rising, and so do the stocks of oil companies. Now some analysts believe the strategy of how to play the rebound is also changing. For much of the past two years, investors and analysts …

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A debate hangs over the IMF: should it do more than put out fires?

Unbalanced access to vaccinations, extreme economic inequalities, rising food prices and massive debt are on the agenda when the International Monetary Fund and the World Bank meet for their annual meetings in Washington next week. . An urgent issue that is not on the official program is the controversy that …

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Football and human rights groups slam sale of Newcastle to Saudi-led consortium

Soccer Soccer-Newcastle United Takeover-St. James Park, Newcastle, UK-October 7, 2021 Fans react outside the stadium after Newcastle United announced a takeover action image via Reuters / Reese Smith October 8, 2021 By Dhruv Munjal (Reuters) – Saudi human rights group ALQST is “grossly inadequate” to assess human rights considerations as …

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Gulf countries unite to support COVAX – World

Gulf Cooperation Council (GCC) countries have come together to support equitable global access to COVID-19 vaccines, with pledges now totaling US $ 221 million in funding pledges and US $ 50 million in-kind support from the six Member States, following that of Bahrain. recent US $ 2.5 million funding commitment …

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What Kerala can learn from the history of Lebanon’s sectarian politics

In recent weeks, Kerala has seen the spectacle of sections of the clergy and politicians making unfounded allegations that non-Muslim youth are the targets of “love jihad” and “drug jihad”. The language used was clearly aimed at driving a sectarian wedge into a state that boasts centuries of communal harmony. …

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Cygnet InfoTech brings digital invoices

Global tech company Cygnet InfoTech strengthens its presence in the Middle East with the deployment of a digital invoicing platform in Saudi Arabia. Recently accredited by the General Authority of Zakat and Tax (GAZT), Cygnet InfoTech will now offer technical solutions to businesses in Saudi Arabia to help them move …

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Environment and economy can converge

US climate envoy John Kerry joined the ranks of environmental activists when he called for direct action that turns the results of scientific research into policies and plans. This may be true in an ideal world, but the difference between science and public policy is vast, amid the complexities involved. …

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Yemen Belligerents violate civilians’ human rights

GENEVA – The UN Human Rights Office warns that civilians in Yemen are increasingly used as fodder by all warring parties in their quest to take control of the country, a situation that continues to elude them after seven years of civil war. UN officials monitoring the impact of this …

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Why aid is not enough for Yemen

In depth: International aid can avoid complex crises but is often unsustainable. Local groups in Yemen say affected communities must be economically self-sufficient. Wael had been in pain for more than two months before finally arriving at a local clinic that treats malnourished children in Yemen’s Hajja province on November …

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A new venue for filmmakers: Saudi Red Sea International Film Festival – culture – Al-Ahram Weekly

The first round of the Saudi Red Sea International Film Festival (RSIFF) will finally take place in the second week of December. Originally scheduled for March 2020, it has been postponed to November 11, 2021 due to the Coronavirus pandemic. It is now postponed to December 6. Initially in conflict …

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Afghanistan: Taliban facing financial pressure from the West | Business | Economic and financial news from a German point of view | DW

The speed of the capture of Afghanistan by the Taliban last weekend has prompted the West to scramble to reduce the hold of militant Islamists on the country. Military action was all but ruled out and instead the United States and its NATO allies turned to financial warfare. US President …

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EXCLUSIVE-Biden plans to change arms export policy to promote human rights -sources

US President Joe Biden’s administration is preparing an overhaul of arms export policy to place more emphasis on human rights, a departure from former President Donald Trump’s priority on economic benefits for US defense contractors, said four people familiar with the initiative. Defense companies and activists are examining these policies …

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Joint letter: US should condemn Egypt for silencing human rights defenders

We, the undersigned groups, are appalled by the evidence that the Egyptian government and the intelligence apparatus persist in their efforts to silence human rights defenders even beyond Egypt’s borders. We call on the US government to condemn these actions. According to Politico, during a June visit to Washington, DC, …

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Trump’s friend Tom Barrack arrested on UAE lobbying charges

Thomas Barrack, a private equity investor who is a close friend of former President Donald Trump, was arrested Tuesday morning in Los Angeles on federal charges of unlawfully lobbying Trump on behalf of the United Arab Emirates. Barrack, who was indicted along with two other men in a seven-count indictment …

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Sources, Automotive News, ET Auto

Moscow / Dubai: OPEC + ministers plan to hold their next meeting on Sunday to decide on production policy, three sources within the producer group told Reuters on Saturday. The move comes after Saudi Arabia and the United Arab Emirates (UAE) reached a compromise last week in an OPEC + …

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Saudi Arabia: new details of torture allegations disclosed

(Beirut) – New accounts point to alleged torture of prominent political detainees in Saudi prisons, Human Rights Watch said today. Saudi authorities failed to conduct an independent and credible investigation into allegations that Saudi authorities tortured Saudi women’s rights activists and other detainees in early 2018, including with electric shocks, …

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KSA offers incentives for real estate companies to register on Tadawul

BERNE, Switzerland: Global warming was on the international agenda long before the United Nations Framework Conference on Climate Change produced the Kyoto Protocol in 1997, widely regarded as a landmark for the environmental movement. But it was the Paris Agreement, signed by 196 parties at COP21 in December 2015, which …

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14 Chinese companies added to US economic blacklist

BERNE, Switzerland: Global warming was on the international agenda long before the United Nations Framework Conference on Climate Change produced the Kyoto Protocol in 1997, widely regarded as a landmark for the environmental movement. But it was the Paris Agreement, signed by 196 parties at COP21 in December 2015, which …

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OPEC stalemate could spark another oil price war

Nearly a week of formal and parallel talks and behind-the-scenes negotiations failed to resolve a dispute over basic OPEC + production levels. The discord plunged the group into its most serious crisis since March 2020, when alliance leaders Saudi Arabia and Russia disagreed over how to manage the oil supply, …

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UAE banned from travel to 14 countries on UAE’s no-entry list

DUBAI: Saudi Arabia has delivered diesel to Yemen’s Mahra governorate, which will be used to power power plants there. The fuel delivery, carried out through the Saudi Yemen Development and Reconstruction Program (SDRPY), involved the transport of 4,000 metric tonnes by sea and 1,500 tonnes by land, according to an …

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Kuwait’s sovereign wealth fund posts 33% growth

RIYAD: A rapid response by the Saudi government to the coronavirus pandemic, the active participation of women in the labor market and the economic reforms of Vision 2030 were cited by experts as major factors in the Kingdom’s unemployment rate falling to its lowest level in nearly five years. The …

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Saudi animated film “The Journey” premieres in Tokyo

Saudi Arabia’s Center for Islamic Studies seeks new chapter with Philippines MANILA: A center for Islamic studies and research in Saudi Arabia “opens its doors” to Filipinos seeking to pursue academic work as part of efforts to strengthen bilateral relations between the two countries. In a statement on Saturday, Malacanang …

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First Look: The Shocking Details Of MBC’s Explosive Carlos Ghosn Documentary

DUBAI: The pandemic has dramatically disrupted the events industry, with live events coming to a halt. The disruptions continued until 2021 in many countries. In a gloomy time for the industry, entrepreneur Dan Bolton saw an opportunity to create a new kind of event agency, BE Experiential, which aims to …

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Food Aid Rises in Yemen, But Funding Crisis Persists | The powerful 790 KFGO

By Lisa Barrington DUBAI (Reuters) – More food arrives to needy Yemenis after donors heeded United Nations warnings of impending famine, but aid groups said the world’s largest humanitarian operation had failed still not enough money to see 2021. The World Food Program has announced that it will resume monthly …

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Saudi Arabia, World Bank pledge $ 100 million to Global Tourism Fund

RIYAD: Saudi Arabia, in partnership with the World Bank, has pledged $ 100 million to establish the International Fund for Global Tourism, Ahmed Al-Khateeb, the Kingdom’s Minister of Tourism said during the opening speech of the Tourism Recovery Summit 2021 held in Riyadh. “This will be the first and only …

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Biden’s budget proposal finances most of the world’s dictators

Friday, May 28, 2021, 10:22 a.m.Article: David Swanson By David Swansonhttps://davidswanson.org/bidens-budget-proposal-funds-most-of-the-worlds-dictators There is nothing new about it, which is why I know it is there until I see the new budget proposal. The United States finances most of the world’s most oppressive armies, sells them weapons, and trains them. It …

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Saudi port of Jeddah considering three overseas deals worth $ 500 million each

Pandemic has ‘dramatically accelerated’ digital marketing in Saudi Arabia, Facebook executive says DUBAI: Demand for digital marketing has “accelerated dramatically” due to pandemic and Saudi businesses must target new potential customers online to grow and compete, regional head of retail and e-commerce says from Facebook. Anna Germanos, retail and e-commerce …

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WFP steps up support to famine-prone areas in Yemen

SANAA – The United Nations World Food Program (WFP) is increasing the level of food aid to the worst hunger hot spots in Yemen to prevent devastating famine. But the agency’s ability to sustain the response until the end of the year remains uncertain. “Yemen’s continued fragility, compounded by persistent …

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Food, drink and VAT prices push inflation to 5.3% in April

RIYADH: The increase in value added tax (VAT) last summer and the resulting rise in food and drink prices saw Saudi Arabia’s inflation rate soar to 5.3 % in April, against 4.9% in March and 1.3% in April 2020, according to official data. Following the economic impact of the coronavirus …

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Human rights violations should take heart stage in Egypt

“It’s not vital or acceptable to help the vocal enemies of america as a result of they invoke the rhetoric of standard liberation.” – Amb. Jeanne Kirkpatrick Within the Center East, the brand new US administration is as soon as once more confronted with the acquainted alternative of supporting conventional …

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Abu Dhabi Oil Big ADNOC Contemplating IPOs on Drilling and Fertilizers

Abu Dhabi is ramping up plans to promote shares in some oil and gasoline corporations as the federal government seeks to deepen its monetary markets and diversify its sources of funding. The nationwide power firm, Abu Dhabi Nationwide Oil Co. (ADNOC), is planning to go public for its drilling enterprise …

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U.S. meat exporters envision restoration in Saudi market

RIYADH: The Saudi Grains Group (SAGO) and the Nationwide Heart for Privatization (NCP) introduced Thursday that the Third Milling Co. (MC3) has been offered to a consortium of UAE buyers. The consortium, which incorporates Ghurair Funding (AGI), Al Rajhi Holding Group and Masafi, acquired MC3 following a young led by …

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Saudi Cable plans capital enhance to spice up manufacturing, chairman says

RIYADH: The Saudi Grains Group (SAGO) and the Nationwide Middle for Privatization (NCP) introduced Thursday that the Third Milling Co. (MC3) has been offered to a consortium of UAE traders. The consortium, which incorporates Ghurair Funding (AGI), Al Rajhi Holding Group and Masafi, acquired MC3 following a young led by …

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A brand new assume tank to develop the European halal financial system

RIYADH: The Saudi Grains Group (SAGO) and the Nationwide Middle for Privatization (NCP) introduced Thursday that the Third Milling Co. (MC3) has been bought to a consortium of UAE traders. The consortium, which incorporates Ghurair Funding (AGI), Al Rajhi Holding Group and Masafi, acquired MC3 following a young led by …

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SAGO sells factories to UAE buyers as a part of ongoing KSA privatization drive

RIYADH: The Saudi Grains Group (SAGO) and the Nationwide Middle for Privatization (NCP) introduced Thursday that the Third Milling Co. (MC3) has been bought to a consortium of UAE buyers. The consortium, which incorporates Ghurair Funding (AGI), Al Rajhi Holding Group and Masafi, acquired MC3 following a young led by …

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Yemen Minister in talks with World Financial institution on Aden stimulus plan

RIYADH: The Saudi Grains Group (SAGO) and the Nationwide Middle for Privatization (NCP) introduced Thursday that the Third Milling Co. (MC3) has been offered to a consortium of UAE buyers. The consortium, which incorporates Ghurair Funding (AGI), Al Rajhi Holding Group and Masafi, acquired MC3 following a young led by …

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American accused of $ 14 million boiler room rip-off

RIYADH: The Saudi Grains Group (SAGO) and the Nationwide Heart for Privatization (NCP) introduced Thursday that the Third Milling Co. (MC3) has been bought to a consortium of UAE traders. The consortium, which incorporates Ghurair Funding (AGI), Al Rajhi Holding Group and Masafi, acquired MC3 following a young led by …

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