Author: News Desk

Saudi Arabia’s Amlak International for Real Estate Finance will proceed with an initial public offering of 30% of its shares on the Riyadh exchange, it said in a statement on Sunday. Amlak, a real estate financing company with assets of around 3.1 billion riyals ($826 million), said the final offer price would be announced on June 30 following a book-building process which starts on June 22. Saudi Arabia’s NCB Capital is the sole financial advisor, bookrunner, underwriter and lead manager for the deal, which will have two tranches, to retail and institutional investors. Major shareholders will be subject to a…

Bahrain has reported 514 new cases of coronavirus, among 281 expatriate workers, 230 new cases are contacts of active cases, and 3 are travel-related, after conducting over 7,500 additional COVID-19 tests. The death toll stands at 39, as 2 new deaths were reported in the kingdom. Meanwhile, 628 additional recoveries from COVID-19 were reported. The total cases have driven to 18,227 of which 12,818 have recovered, which means that over 69 percent of the confirmed cases have recovered from the virus. Currently, there are 5,370 active cases. Also, there are 138 COVID-19 cases receiving treatment, of which 18 are in a critical condition.…

Bahrain has announced the death of an 85-year-old citizen and a 54-year-old expatriate from coronavirus, taking the country’s total deaths to 39. The patients were suffering from underlying and chronic health problems.  The country has reported 514 new cases of coronavirus, among 281 expatriate workers, 230 new cases are contacts of active cases, and 3 are travel-related, after conducting over 7,500 additional COVID-19 tests. Meanwhile, 628 additional recoveries from COVID-19 were reported. The total cases have driven to 18,227 of which 12,818 have recovered, which means that over 69 percent of the confirmed cases have recovered from the virus. Currently, there are 5,370 active cases.…

Private Joseph Hammond, the 95-year-old Ghanaian man who walked 14 miles to raise money for frontline workers in Africa “brought a huge smile” to Prince Harry’s face, he said in a letter to the war veteran. Prince Harry applauded the veteran for taking up the strenuous task for a good cause. “Even at ’95 years young’ I imagine it was not an easy task,” he wrote in the letter to Hammond. “However, given the service and selflessness you have demonstrated throughout your life, it does not surprise me that you would take on a challenge such as this — and…

The sister of North Korea’s leader has warned of retaliatory measures against South Korea that could involve the military, in the latest escalation of tensions over defectors from the North who have been sending back propaganda and food. Kim Yo Jong, who serves unofficially as one of Kim Jong Un’s top aides, issued the warning in a statement carried by state news agency KCNA on Saturday. “By exercising my power authorized by the Supreme Leader, our Party and the state, I gave an instruction to the … department in charge of the affairs with (the) enemy to decisively carry out…

AstraZeneca Plc said on Saturday it signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker’s latest deal to pledge its drug to help combat the pandemic. The contract is for up to 400 million doses of the vaccine, developed by the University of Oxford, the company said, adding that it was looking to expand the manufacturing of the vaccine, which it said it would provide for no profit during the pandemic. Deliveries will start by the end of 2020. The deal is the first contract signed by Europe’s Inclusive…

An Iranian news agency close to the elite Revolutionary Guards said on Saturday Iran’s naval forces were preparing to target U.S. commercial vessels in the Gulf last month in case U.S. forces interfered with Venezuela-bound Iranian oil tankers. Iran sent a flotilla of five tankers of fuel to gasoline-starved ally Venezuela in May, and Tehran has said it will continue the shipments if Caracas requests more, despite Washington’s criticism of the trade between the two nations, which are both under U.S. sanctions. “According to reports received by Noor News, after increasing military threats against Iranian vessels headed for Venezuela, an…

Saudi Arabia has reported 3,366 new cases and 39 deaths from coronavirus, taking the total cases to 123,308. The death toll raised to 932 after reporting the new deaths. Meanwhile, 1,519 patients fully recovered from the virus, bringing the total recoveries to 82,548. In line with recent trends, the majority of the new cases were in the capital Riyadh (1,089), followed by Jeddah (527) and Mecca (310). https://twitter.com/media_ksa/status/1271785316089835520?s=20 Also Read: UAE records a drop of 491 new coronavirus cases Bahrain registers 37th COVID-19 death Kuwait announces 514 new COVID-19 cases, mostly among citizens

Kuwait has reported a drop of 514 new coronavirus cases, the majority of the cases are from Kuwaitis which is 281, taking the total confirmed cases in the country 35,466, according to the Ministry of Health. Kuwait has been showing a downwards trend in the past days. 4 patients died of the coronavirus in the past 24 hours, bringing the total number of deaths to 289. 834 new recoveries have been reported in the country, raising the total recoveries to 25,882. Kuwait has done 2,159 NP swab tests in the past 24 hours, as the country ramps up its efforts…

UAE has recorded a drop of 491 cases, and 1 fatality from coronavirus in the past 24 hours, taking the total cases in the country to 41,990, according to the Ministry of Health and Prevention (MoHAP). The new death takes the total fatalities to 288. 815 new recoveries were also announced, bringing the total recoveries to 26,761. This means over 62 percent of the confirmed cases have fully recovered from the virus. The new cases were found after conducting more than 40,000 coronavirus tests across the country. The ministry expressed its sincere condolences to the families of the deceased and wished…