Middle East
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Kuwait gets a downgrade over ‘liquidity risks’
Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings Kuwait was downgraded for the first time by Moody’s Investors Service, a decision the…
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Amazon Saudi Arabia
Amazon Prime service is not yet available in the kingdom Souq.com announced the official launch of Amazon Saudi Arabia via the Amazon.sa domain earlier this week. It will replace Souq.com…
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Bahrain launches virtual mall
Showcases products from over 100 local businesses Bahrain has launched a virtual mall to enable shops to continue serving their customers during the Covid-19 pandemic. The government-run website mall.bh, which officially opened…
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Saudi signs $265m deal with China to fight virus
The deal will provide the Saudis nine million kits Saudi Arabia will pay China SAR995m ($264.6m) to provide coronavirus tests and medical expertise, Abdullah Al-Rabiah, chairman of the Negotiation and…
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Mohamed Yousuf Naghi Motors marks 30 years of partnership with BMW
Mohamed Yousuf Naghi Motors Co., the official BMW Group importer in Saudi Arabia, recently celebrated the 30-year anniversary of its partnership with the world-renowned vehicle producer. Mohamed Yousuf Naghi Motors…
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Saudi King heads to $500bn mega city NEOM for holiday
Construction work on the $500bn NEOM project is slated to begin this year Saudi King Salman bin Abdulaziz Al Saud arrived in the kingdom’s upcoming new mega city NEOM on…
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Saudi businesses can remain open 24 hours a day under new Cabinet decision
The new decision is hoped to help create thousands of jobs and stimulate the kingdom’s economy Businesses in Saudi Arabia can now stay open 24 hours a day, according to…
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Oman offers tax breaks on tourism investments in Musandam
Investors will be exempt from custom duties on building materials, tools and equipment needed to build tourism projects …or something like this: Oman will offer tax breaks to investors in…
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Saudi aims to rank among world’s top 10 entertainment destinations
The kingdom plans to host auto races, magic shows and theatrical performances this year Saudi Arabia said on Tuesday it expects billions of dollars to be pumped into a nascent…
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