Author: News Desk

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market trading. The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission. The stake is worth $2.89bn (£2.20bn), based on Twitter’s closing price on Friday. The stake makes him one of the largest shareholders in the company and is more than four times the 2.25% holding of Twitter founder Jack Dorsey. Musk is a regular Twitter user with more than 80 million followers, although recently he said he is…

Saudi Arabia’s booming film industry has been highlighted in India as Saudi Culture Minister Prince Badr bin Abdullah bin Farhan, Minister of Culture, and Film Commission CEO Abdullah Al Qahtani explored collaborations with the Indian film industry. Over the three-day visit, Prince Badr and Al Qahtani were joined by executives from NEOM, Film AIUla, Red Sea International Film Festival and MBC Group. The delegation met with leading Bollywood actors, including Shah Rukh Khan, Salman Khan and Akshay Kumar, as well as prominent film production companies. The conversations centered on Saudi Arabia’s holistic film proposition and synergistic opportunities for Indian filmmakers.…

China has sent the military and thousands of healthcare workers into Shanghai to help carry out COVID-19 tests for all of its 26 million residents as cases continued to rise on Monday, in one of the country’s biggest-ever public health responses. Some residents woke up before dawn for white-suited healthcare workers to swab their throats as part of nucleic acid testing at their housing compounds, many queuing up in their pyjamas and standing the required two metres apart. The People’s Liberation Army (PLA) on Sunday dispatched more than 2,000 medical personnel from across the army, navy and joint logistics support…

BENEFIT — the Kingdom’s innovator and leading company in Fintech and electronic financial transactions services, and LuLu Exchange — one of the country’s largest cross-border payments company, have joined hands to enable users of BenefitPay — Bahrain’s largest e-wallet network, to conduct cross-border remittances and currency exchange transactions through any of LuLu Exchange’s 16 branches spread across the country. The announcement is in line with LuLu Exchange’s continuous efforts to transform its branches into consumer engagement hubs. With consumer convenience at the heart of this partnership, users can choose to transact cashless using their BenefitPay accounts, by scanning the QR…

Adeeb Ahamed, Managing Director of Lulu Financial Group, has received the Bahrain golden residency visa. Adeeb Ahamed was awarded the honor by H.E. Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister of Bahrain. “I am humbled and delighted to receive this honor today. I thank His Majesty King Hamad bin Eisa Al Khalifa, His Royal Highness Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain and the government and people of Bahrain, for bestowing this recognition on me,” Adeeb Ahamed said, after receiving his Golden Visa. Launched in February this year, the Golden residency visa for…

Manama: The Ministry of Health has launched seven initiatives as part of the national plan to consolidate belonging to the nation and bolster the values of citizenship. Health Minister Faeqa bint Said Al Saleh cited mainly the health cities, Kindergartens health leaders, art for heal expo, friends of health consolidation. The ministry has also participated in several media initiatives, including the publication of stories for children titled “Heed your health”. Al Saleh said that the health cities initiative represents one of the key programmes promoted by the World Health Organisation (WHO) to improve health, economic and social conditions in…

The most coveted trophy in amateur martial arts will be available for viewing on March 31st, as fans will get a glimpse of the MMA Super Cup Trophy which was earned by Team Bahrain earlier in the month. Fans will have the opportunity to pose with the trophy at the Wyndham Garden Manama, in Juffair,which served as the host hotel for the competition. The tour will take place from 10 AM to 2 PM. Created by KHK Sports and organized in association with BRAVE CF, IMMAF (International MMA Federation) and BMMAF (Bahrain MMA Federation), under the vision of His Highness Shaikh…

Tel Aviv: Industry, Commerce and Tourism Minister and Chairman of the Board of Directors of the Bahrain Tourism and Exhibitions Authority (BTEA) Zayed bin Rashid Al Zayani met the Israeli Tourism Minister Yoel Razvozov. The meeting reviewed tourism sector issues and ways to develop cooperation. They stressed that meetings will contribute to enriching tourism and discussed ways of investment in this vital sector.

London: His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today attended the Service of Thanksgiving for the life of His Royal Highness Prince Philip, Duke of Edinburgh, at Westminster Abbey, London, United Kingdom. HRH Prince Salman bin Hamad expressed his sincere condolences to Her Majesty Queen Elizabeth II, Queen of the United Kingdom and Northern Ireland, President of the Commonwealth of Nations, His Royal Highness Prince Charles, Prince of Wales, and the royal family, government, and British people. HRH the Crown Prince and Prime Minister paid tribute to His Royal Highness Prince Philip’s…

Lulu Group International, which runs one of the Middle East’s largest supermarket chains, is considering an initial public offering early next year in the United Arab Emirates, people familiar with the matter said. The diversified conglomerate — valued at more than $5 billion in 2020 — has asked global banks to pitch for roles for potential listings, the people said, asking not to be identified as discussing confidential information. The firm may opt for multiple listings in the Gulf stock exchanges, one of the people said. Deliberations are ongoing and no final decisions have been made on the venue or…