Topics: Saudi Arabia
Business
Vinsys IT Files DRHP with NSE Emerge, Attracts Marquee Investors for Pre-IPO Round
Vinsys IT Services India Limited (Vinsys IT), one of India's leading corporate training and software services firms, has announced the filing of its Draft...
News
Some Arab leaders turn ‘blind eye’ to Russia’s invasion: Zelensky
Speaking at an Arab League summit in Jeddah, Ukrainian President Volodymyr Zelensky accused some Arab leaders of ignoring Russia's attack on Ukraine.
Education
Dubai Expo 2020 Lifetime Opportunity For Indian Students
Volunteering improves an individual's talents while also allowing them to give back to society and contribute to the creation of a lasting legacy for...
Business
Cashfree Payments invests $15 Mn in UAE based payment Gateway platform Telr
Leading payments and API banking solutions company, Cashfree Payments (Cashfree) has announced an equity investment of $15 million in Telr, a leading Payment Service...
Business
Signzy enters in UAE, announces strategic partnership with Seed Group
Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has entered into a strategic partnership with Signzy, a...
Cryptocurrency
Bitex to provide mandatory cryptocurrency investment disclosure report
UAE-based global cryptocurrency Exchange Bitex announced that it has commenced providing 'Investment Declaration Report' for all its retail and institutional investors, becoming the first...
Auto
TK-1: A British breakthrough in e-bike retrofit technology
The inventor of a revolutionary new E-bike retrofit kit says it will disrupt the industry as it means every pedal cycle in the world can now be quickly and easily converted into an E-bike.
Business
UAE signs $1.3 billion defense deal
The United Arab Emirates (UAE) has signed a defense contract worth 5 billion dirhams (approx $1.3 billion) from local and international companies. Speaking on the...
Inside
Saudi Arabia to invest $20 bn in the domestic military industry
Beefing up the Saudi Arabia's plan to boost domestic military industry spending, the Governor of General Authority for Military Industries (GAMI) has said, "The...
Health
Saudi King Salman gets first shot of COVID-19 vaccine
Saudi Arabia King Salam on Friday received the first shot of the COVID-19 vaccine. The state-run news agency, SPA on Friday tweeted, "Saudi King Salman...
Business
Saudi Arabia cabinet asks OPEC+ countries to reduce oil production rate
The cabinet of Saudi Arabia has urged the OPEC+ countries to reduce the rate of oil production to restore balance in global crude markets. Quoting...
Business
Coronavirus Pandemic: G20 agrees to temporary pause debt payments for poorest countries
The Group of 20 nations (G20) has announced to temporary pause to debt payments by the world's poorest nations as they struggle to deal...
Business
Market Analysis: OPEC+ agrees to a historic production cut
OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
Business
Market Analysis: Crude drops to 18-year lows
Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
Inside
Coronavirus Update: Saudi Arabia tightens a nationwide curfew
After reporting the second death of a 46-year-old foreign resident in Mecca due to a novel coronavirus (COVID-19), Saudi Arabia on Wednesday called to...
Inside
COVID-19: Saudi Arabia to impose nationwide curfew, UAE suspends passenger flights
Saudi Arabia will impose a nationwide curfew starting on Monday after reporting a jump of almost a quarter in coronavirus cases, while the United...
Inside
Coronavirus Update: Health ministry reports 75 cases of Coronavirus in India
The number of coronavirus patients in the country is 75, including the death of a 76-year-old man in Karnataka, the Union Health Ministry said...
Finance
Report: IMF, Pakistan govt reach agreement on second view of $6 bn bailout package
The IMF has said it has reached a staff-level agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review...
Inside
Coronavirus Update: Saudi Arabia suspends visas for Mecca’s visit
The Government of Saudi Arabia on Thursday said that “It has suspended the visas for the pilgrims who are wishing to visit Mecca.” The foreign...
Business
Saudi Arabia may shave light crude prices to Aisa in February
Saudi Arabia, the world's biggest oil exporter, may cut the prices of its light crude grades sold to Asia in February on signs of...
Business
Iran OPEC envoy: "Tehran would back majority decision to cut oil output"
Iran would support a majority decision by members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production, the country's OPEC...
Business
Saudi Arabia increases light crude prices for Asia to six-year high
Saudi Arabia raised on Monday its light crude prices for sales to Asia in January to the highest in six years, tracking gains in...
News
India take 222 hours on average to detect and investigate cyberattacks: Study
Organisations in India take 222 hours on an average to detect, triage and investigate an attack, making them much slower than the global average...
Business
Kuwait’s KIA to invest in Aramco IPO: Sources
Kuwait Investment Authority (KIA) plans to invest in the initial public offering (IPO) of Saudi Aramco, two sources familiar with the matter told Reuters...
Inside
India to launch RuPay Card in the Gulf Kingdom, Signs MoU with Saudi Arabia
The Government of India has signed the agreement with Saudi Arabia to launch its domestic card ‘RuPay Card’ in the country, the officials said...
Inside
US carried out secret cyber operation on Iran: US Officials
The United States carried out a secret cyber operation against Iran in the wake of the September 14 attacks on Saudi Arabia's oil facilities,...
Inside
Saudi Arabia’s King Salman appoints his son Prince Abdulaziz bin Salman as energy minister
Saudi Arabia's King Salman has appointed his son, Prince Abdulaziz bin Salman, as energy minister on September 8, replacing Khalid al-Falih and for the...
Business
Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would attract another $38 billion from other lenders
The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD...
Inside
Nirmala Sitharaman to attend G20 Finance Ministers meeting in Japan
Finance minister Nirmala Sitharaman will attend the two-day meeting of G-20 finance ministers and central bank governors in Japan beginning June 8, said a...
Business
UAE, Saudi Arabia commits $3 billion as financial aid to Sudan
Saudi Arabia and the United Arab Emirates said they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the...