Category: Middle East

Retail Prices Soar By 200 Per Cent in Saudi Arabia

May 18, 2018 — Retail prices of fruit and vegetables in Saudi Arabia have risen dramatically in the build-up to Ramadan, with consumers being advised to buy directly from whole-sellers and importers. Fruit and vegetable prices have risen by around 200 per cent in Saudi retail outlets due to rising operational costs, according to a […]

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Careem Gets Its First Female Driver in Saudi Arabia

The 43-year-old Careem’s ‘Captainah’ learned how to drive in her native Syria; Uber also has a plan to open “one-stop-shop” facilities dedicated to recruiting future female drivers, or “partners”, as the company calls them. May 17, 2018 (BE2C2) — Dubai-based Careem, the Middle East’s fastest expanding ride-hailing firm has hired Enaam Gazi Al-Aswad as its […]

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‘China Most Likely To Fill the Shoes Of The U.S.’ In Iran Nuclear Deal

May 10, 2018 (DESPARDES/PKONWEB) — After pulling the United States out of the 2015 Iran nuclear deal, U.S. President Donald Trump said Wednesday his administration plans to put strong sanctions on Iran “very soon.” “We have terminated a terrible, terrible deal that should have never, ever been made,” he said. “And we will be putting […]

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Trump Pulls U.S. Out Of Iran Nuclear Deal Calling It ‘Disastrous’, An ‘Embarrassment’

May 9, 2018 (DESPARDES/PKONWEB) — United States President Donald Trump on Tuesday announced the US withdrawal from what he called the “defective” multinational nuclear deal with Iran, and said Washington would reinstate sanctions against the Islamic republic, pitting him against the United States’ closest allies and leaving the future of Tehran’s nuclear ambitions in question. […]

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Tourism to Contribute $31 Billion to Saudi Arabia’s GDP By 2020

With a nominal GDP of $684bn in 2017, Saudi Arabia’s economy is more than three times the size of the median for A-rated countries, says Moody’s. May 8, 2018 (BE2C2) — The Saudi tourism sector is expected to contribute $31.47 billion (SR118 billion) to the GDP by 2020, said Hamad Al-Ismail, vice president for Investment […]

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Jeddah Suicide Bomber Was Indian National, DNA Tests By Saudi Arabia Confirmed

May 3, 2018 (DESPARDES/PKONWEB) — DNA tests have revealed that the man who blew himself up outside the US Consulate in Jeddah in summer of 2016, was Indian national Fayaz Kagzi, Saudi Authorities confirmed to Indian Security officials. Kagzi’s DNA samples were sent by India to Saudi Arabia in August 2017. “We have received confirmation […]

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UAE in Talks With Microsoft, Apple to Allow Skype, Facetime Calls

Microsoft has confirmed that it is in talks with UAE’s telecom to lift the ban on Skype. With unblocking of Skype and Facetime apps for cellphones and notepads, about 8 million of expats in the UAE are expected to benefit the most for incoming and outgoing free calls inland and overseas. May 1, 2018 (BE2C2) […]

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7 Pakistani Men on Trial For Dh14 Million Robbery in Dubai

Their original plan was to flee the country within two hours from the robbery with the use of fake passports. April 28, 2018: A driver of a money transportation vehicle and his two friends – all Pakistanis – stood trial at a Dubai court on the charge of stealing more than Dh14 million from his […]

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Bangladesh Receives First LNG Shipment From Qatar

Liquefied natural gas could allay energy security concerns in the country, but finance issues could leave the country leaning toward coal. April 26, 2018 (BE2C2) — Bangladesh docked its first LNG cargo at a floating terminal less than a year after financing was secured, bolstering energy security, analysis finds. The super-cooled liquid gas was sent […]

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China, UAE Ink Deal To Open ‘Belt and Road’ Exchange in Abu Dhabi

It’s another big step for the Belt and Road Initiative (BRI); Investors and businesses seeking to tap into Beijing’s flagship project under BRI — the China-Pakistan Economic Corridor (CPEC) — could become its first beneficiaries, observers say. April 25, 2018 (BE2C2) — China’s largest securities exchange, the Shanghai Stock Exchange agreed a deal in principle […]

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Why Aramco IPO Won’t Happen Until 2019–at the Earliest

A $1.5 Trillion Aramco IPO Could Transform Global Stocks April 22, 2018 (Irshad Salim): The debate over which international stock exchange should be the venue for listing Saudi Aramco–the world’s most valuable company, has yet to be resolved while the timing of the initial public offering (IPO) appears to have been somewhat narrowed down. The […]

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