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  • Dubai Cloud Kitchen Startup Plots Saudi, Southeast Asia Push

    Dubai-based Kitopi, a technology startup which runs so-called cloud-kitchens, is set to raise more money from investors later this year as it plans to expand in Saudi Arabia and launch in Southeast Asia. The company, whose kitchens handle delivery orders for multiple food brands, is due to become profitable “this year, sometime very soon,” founder and Chief Executive Officer Mohamad Ballout said in an interview.

  • Largest Saudi Chain of Dental Clinics Is Said to Explore Sale

    Saudi Arabia’s largest provider of dental and dermatology care is considering a range of strategic options including a full or partial sale, according to people familiar with the matter. Shareholders in Almeswak Dental Clinics, which operates around 80 centers across 20 cities in the kingdom, have hired investment bank EFG-Hermes Holding Co. to look at a range of alternatives, including a sale or even an initial public offering, said the people, who asked not to be named because the information is private.

  • Iranian diplomat convicted of planning attack on opposition

    An Iranian diplomat identified as an undercover secret agent was convicted Thursday in Belgium of masterminding a thwarted bomb attack against an exiled Iranian opposition group in France and sentenced to 20 years in prison, a legal outcome that infuriated Tehran.

  • Saudi Arabia plans employment e-platform

    The envisaged facility, to be named the United National Platform for Employment, will serve as a data base for job hunters.  The platform was approved at a weekly meeting of the Saudi cabinet held Tuesday.It is not clear yet when the platform will be launched.

  • Analysis: Preventing partition: The case against a diplomatic band-aid in Libya

    The historical case against partitioning is twofold. First, partitioning remains a divisive relic of the colonial era. Second, the timeline to achieve peace and stability after partitioning cannot be known. Partitioning was a standard practice to sow division and make it easier to govern divided territories and countries. Proponents of partition argue that it brings peace and stability to the region quickly; the historical examples below would suggest otherwise.

  • Saudi ministry urges employers to register labor contracts through Madad portal

    Saudi Arabia Ministry of Human Resources and Social Development called on employers and owners of small and medium enterprises (SMEs) to document their employees’ labor contracts through the ministry’s Madad platform. The ministry underscored the necessity of documenting contracts so that the enterprises can benefit from the services of the initiative to improve the contractual relationship.

  • Blast heard in Saudi capital Riyadh; local reports of an explosion and videos circulating on social media of a missile being intercepted

    An explosion was heard in the Saudi Arabia capital Riyadh on Tuesday, according to a Reuters correspondent, but the cause was not immediately known. Saudi-owned Al Arabiya TV cited local reports of an explosion and videos circulating on social media of a missile being intercepted over Riyadh.

  • Israel allows US to deploy Iron Dome missile defense system in the Gulf: Report

    Haaretz said Israeli officials were refusing to reveal in which countries the Iron Dome system would be deployed but that behind closed doors Israel gave its tacit agreement to the US to place the batteries in order to defend its forces from attacks by Iran and its proxies.

  • Saudi unemployment decreases to 14.9% in Q3/2020

    Saudi unemployment rate decreased to 14.9% in the third quarter of 2020, and the total unemployment rate for Saudis and Non-Saudis decreased to 8.5 %. Compared to Q3/2019, Saudis’ total unemployment rate is 2.9 pp higher than the same period of the previous year. The impact of COVID-19 pandemic continues to affect Saudi labor market and the economy. However, the total Labor Force Participation rate was 59.5% in Q3/2020, increasing by 0.1 pp compared to Q2 2020.

  • Saudi unemployment dips slightly to 14.9% in third quarter, data shows

    Unemployment in Saudi Arabia fell in the third quarter of 2020 to 14.9% from 15.4% in the second quarter, official data in the world's biggest oil exporter showed on Friday.