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Former Malaysian Prime Minister Najib Razak, who is currently appealing his 1MDB corruption scandal conviction, has now been fined under coronavirus rules.

Qatar's emir relieved Finance Minister Ali Shareef al-Emadi of his duties on Thursday after an arrest warrant was issued over corruption allegations.

Saudi oil firm Aramco's first-quarter profits up by 30%

The New Arab Staff & Agencies

Saudi oil firm Aramco's first-quarter profits up by 30%

Aramco said the increase in profits primarily reflects the impact of higher crude oil prices, which have steadily climbed amid increased global demand for crude.

Chinese investors in talks to buy Aramco stake: report

The New Arab Staff

Chinese investors in talks to buy Aramco stake: report

The report come after Crown Prince Mohammed bin Salman said a 'leading global energy company' was in talks to buy a one percent stake in Aramco.

Saudi Arabia could save $200 billion with green energy

The New Arab Staff

Saudi Arabia could save $200 billion with green energy

Saudi Arabia needs funding to invest in all the plans leading up to the completion of Saudi Vision 2030.

The New Arab Staff & Agencies

Saudi Aramco signs $12.4 billion oil pipeline deal

The announcement comes after Aramco posted consecutive falls in profits since it began disclosing earnings in 2019.

The New Arab Staff & Agencies

Malaysia's ex-PM Najib Razak starts appeal of corruption conviction

Malaysia's ex-PM Najib Razak was convicted on multi-million dollar corruption charges last year. Now, he launches his appeal against a hefty ...

The New Arab Staff & Agencies

Saudi plans $3.2 trillion investments to boost private sector

Saudi Arabia announced plans for $3.2 trillion in investments by 2030 to boost the private sector and diversify its oil-reliant economy.

The New Arab Staff & Agencies

Saudi Aramco 2020 profits slump on lower crude prices

Saudi oil company Aramco lost 44.4% of net profit in 2020 because of lower prices due to the coronavirus pandemic.

US-convicted banker quits as Istanbul exchange chief

The New Arab Staff & Agencies

US-convicted banker quits as Istanbul exchange chief

Mehmet Hakan Atilla resigned as the chief executive of the Istanbul stock exchange two years after having been released from prison for helping ...

Brooke Anderson

Trump's former treasury secretary to launch Gulf-backed investment fund

Steven Mnuchin is in the hiring process for the new venture, which will be backed by sovereign wealth funds from Arab Gulf ...

MbS launches company to develop Saudi mountain resort

The New Arab Staff

MbS launches company to develop Saudi mountain resort

Souda Development Company will invest $3 billion into a tourism project which includes 2,700 hotel rooms, 1,300 residential units, 30 ...

Hamas official demands details of Egypt-PA gas deal

The New Arab Staff

Hamas official demands details of Egypt-PA gas deal

Mousa Abu Marzouk said that Gazans 'should not stand by and watch as our natural resources go away' after the Palestinian Authority and Egypt ...

Saudi Arabia pushes companies to move headquarters to kingdom

The New Arab Staff & Agencies

Saudi Arabia pushes companies to move headquarters to kingdom

Saudi Arabia will stop doing business with foreign companies with regional headquarters outside the kingdom starting in 2024, state media said.

Saudi ex-spymaster files new assassination complaint against MbS

The New Arab Staff

Saudi ex-spymaster files new assassination complaint against MbS

The exiled former Saudi intelligence official accused the crown prince of trying to lure his daughter to the Saudi consulate in Istanbul, days ...

The New Arab Staff & Agencies

Saudi firms sue former spymaster, allege $3 bn fraud

Saudi state-owned companies have sued the country's former intelligence czar in a Canadian court.

The New Arab Staff

Qatar sports broadcaster beIN denies changes in Saudi services

Subscribers of Qatar's sports broadcaster beIN have reported an alleged resumption of services in Saudi Arabia after a three-year ban.

The New Arab Staff

Saudi Arabia reshuffles $360 billion sovereign wealth fund's management

Riyadh's reshuffle at the PIF comes as the $360 billion fund looks set to dramatically increase domestic spending.

The New Arab Staff

Saudi Arabia could buy stake in UAE supermarket chain

Lulu is one of the biggest supermarket chains in the Gulf region.

Egypt secures 25 million doses of Russian coronavirus vaccine

The New Arab Staff

Egypt secures 25 million doses of Russian coronavirus vaccine

Russia has clinched a deal that could supply Covid-19 vaccines for around a quarter of Egypt's population.

The New Arab Staff

Tony Blair 'played key role in UAE-Israel normalisation'

The former UK prime minister was instrumental in paving the way for UAE-Israel normalisation, according to media reports.

Putin, Saudi king discuss joint vaccine production: Kremlin

The New Arab Staff & Agencies

Putin, Saudi king discuss joint vaccine production: Kremlin

Putin and Salman discussed t production of a vaccine that was developed by Russia,

Kuwait running out of cash to pay government workers

The New Arab Staff & Agencies

Kuwait running out of cash to pay government workers

Kuwaiti lawmakers have stalled annual payments to a sovereign wealth fund as the cash-strapped Gulf state assesses ...

Saudi Arabia seeks to tame powerful cyber armies

The New Arab Staff & Agencies

Saudi Arabia seeks to tame powerful cyber armies

Saudi Arabia is concerned about the level of hyper-nationalism present online - and the use of royal family images.

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