Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: ALIBABA
Alibaba co-founder Jack Ma to retire
:: Alibaba Group Holding Ltd’s co-founder and executive chairman Jack Ma will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education, the New York Times reported. Ma, one of China’s
Chinese logistics firm Best, backed by Alibaba, launches $930m US IPO
:: Best, a Chinese logistics company backed by Alibaba Group, is launching a US IPO that is seeking about $930 million to fund an expansion of its supply chain network, develop new technology and open more convenience stores. The Hangzhou-based
Yahoo reverses course on plan to spin off Alibaba stake
Yahoo Inc (YHOO.O) shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday, under pressure from activist investors worried about billions of dollars in taxes, and said instead it is looking at
Alibaba boss in bid for Hong Kong newspaper
The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post newspaper, Bloomberg News reported. Discussions are at an advanced stage, it quoted two unidentified people familiar
E-commerce giant Alibaba reports record $9bn Singles’ Day sales
HANGZHOU, China: E-commerce giant Alibaba Group Holding Ltd. reported more than $9 billion in sales on China’s Singles’ Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar. Real-time
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