Saudi Arabia licenses 506 more overseas companies in first-half 2020

Riyadh: Saudi Arabia’s Ministry of Investment greenlighted 506 new international companies with investor licenses during the first six months of 2020. The numbers came via a 20 per cent year-on-year growth in the first quarter, but followed by a 47 per cent decline in the second, as the COVID-19 pandemic’s impact became more apparent on […]

UAE commodities firm GP Global Group shuts trading desks

A United Arab Emirates-based commodities firm is shutting down trading desks after banks pulled financing amid the coronavirus, the latest casualty in a global wave of upheaval for middlemen and their lenders. GP Global Group decided to stop trading commodities from energy to agriculture after banks withdrew credit lines vital to the business, according to […]

English Premier League cancels China broadcast deal

London: The English Premier League terminated a lucrative broadcasting contract with its licensee in China on Thursday, dealing a further blow to the English top-flight as clubs adjust to heavy losses as a result of the coronavirus. Streaming service PPTV agreed a reported $700 million deal for the right to broadcast all 380 Premier League […]

Jobs for Filipinos: OFWs welcome to apply for jobs to build $15-billion airport project outside Manila

DUBAI: Jobs will be open at a new airport outside Manila for qualified overseas Filipino workers (OFWs) who lost their jobs or opted to work at home, according to project proponents. A top official of San Miguel Corp. (SMC), the Philippine’s biggest conglomerate, said they plan to hire returning OFWs and local residents of Bulacan province to […]

DP World, Canadian fund confirm additional $4.5b into new port and terminal investments

Dubai: DP World will be channeling an additional $4.5 billion along with its Canadian partner to expand the ports and terminal network they own and operate. The new funds raise the duo’s combined fund outlay to $8.2 billion. DP World owns 55 per cent in the investment platform and Caisse de dĂ©pĂ´t et placement du QuĂ©bec, […]

How common cold viruses are being used in vaccines from Russia, China

The modified common cold viruses behind high-profile COVID-19 vaccine candidates from China’s CanSino Biologics and Russia’s Gamaleya Institute have been studied for decades, but are still not widely used. The following are some details of their development, how they work and past and potential future uses: WHEN WERE THESE VIRUSES FIRST USED IN MEDICAL RESEARCH? […]