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Uber To Shed 3,000 Jobs For 2nd Time This Month Amid COVID-19 Pandemic
Uber Technologies Inc will cut about 3,000 jobs, in addition to the 3,700 it had announced earlier this month, as coronavirus-led restrictions sap demand for ride-hailing services, Chief Executive Officer Dara Khosrowshahi said in an email to
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Prominent Saudi businessman Saleh Kamel dies
Prominent Saudi businessman Saleh Abdullah Kamel, born 1941, died in Jeddah on Monday. He was the chairman and founder of the Dallah Al-Baraka Group, one of the Middle East’s largest conglomerates. Kamel was chairman of the Jeddah Chamber
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Recoveries from COVID-19 in Saudi Arabia now higher than active cases
The Saudi Ministry of Health announced on Monday that the total number of recoveries from COVID-19 has surpassed the number of active cases. Ministry spokesman Dr. Mohammed Al-Abd Al-Aly said the figures highlight the success of the precautionary
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Saudi Arabia’s Qiddiya signs agreement with DETASAD as IT strategic partner
Qiddiya Investment Company (QIC) has announced the signing of a five-year IT agreement with Detecon Al Saudia (DETASAD). The scope of the
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Organization of Islamic Cooperation to pursue response campaign until virus contained
The Organization of Islamic Cooperation (OIC) on Monday said all its institutions are working in different sectors to help overcome the problems
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Uber Medics launches in Saudi Arabia
Uber has announced the launch of Uber Medics in Saudi Arabia. The initiative will see the company provide health care workers with discounted trips
Read MoreEight more people succumb to COVID-19 in Saudi Arabia
Saudi Arabia's Health Ministry said on Monday that eight more people have died from the COVID-19 coronavvirus, pushing the Kingdom's death toll to 320. The ministry recorded 2,593 new confirmed cases, the majority
Read MoreDME Oman crude up over 100% since production cuts implemented
Oman crude oil Benchmark trading on the Dubai Mercantile Exchange, DME, has doubled in price since the record cuts agreed by the OPEC+ group and other major producers were implemented in time for May loading schedules. DME said in a statement
Read MoreSaudi Industrial Development Fund announces digital transformation partnership with SAP
The Saudi Industrial Development Fund (SIDF), the Kingdom’s primary financial enabler for the National Industrial Development and Logistics Program, has announced a digital transformation partnership with global technology company SAP, which
Read MoreSaudi Aramco weighs pipeline stake sale to raise over US$10B
Saudi Aramco, the world’s largest oil producer, is weighing the sale of a stake in its pipeline unit to raise money amid a slump in crude prices, according to people familiar with the matter. Aramco may need to raise cash this year as it
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