Leading News Source For Middle East
The African Development Bank, AfDB, Tuesday announced Tuesday a credit line of €145 million for Egypt to help enhance operational safety and to increase network capacity on national rail lines, The New Arab reports. “The planned upgrades are expected to Read more
The Board of Directors of Abu Dhabi-based Agthia Group, a company operating in food and beverages, has approved the acquisition of majority stakes in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products, Zawya reports. The board Read more
Morocco’s General Directorate of Territorial Surveillance (DGST) handed France essential information about a French woman of Moroccan origin, who was plotting a terrorist attack in a church. The data enabled France to prevent the attack, a statement from the spokesperson Read more
Saudi Sports Company, Saudi Arabia’s media company signed a three-year contract with Asian Football Confederation to get the exclusive media rights for the confederation’s competitions between 2021 and 2024. The company will broadcast in the kingdom, all major AFC national Read more
UAE has pledged to invest $3 billion in Iraq in view of strengthening the economic and investment relations between the two countries, Gulf Business reports. Both countries, on the media notes, made the announcement as Iraqi Prime Minister Dr. Mustafa Read more
Qatar Sunday expressed willingness to tap into Tunisia’s know-how and manpower as it hosts next year’s FIFA World Cup. Sheikh Khalid bin Khalifa bin Abdul Aziz al-Thani, Prime Minister of the Gulf country, reports say, held a telephone conversation with Read more
Abu Dhabi’s third investment fund, ADQ, has acquired for $740 million Egypt-based Amoun Pharmaceutical Co. controlled by Canada-based Bausch Health Companies Inc. Bausch Health Companies Inc. in a statement Wednesday said it reached a deal with ADQ to relinquish its Read more
Turkey and Azerbaijan have abolished visa requirements for travel between the two countries and the measure will take effect April 1st. Citizens from the two countries crossing respective borders, will be able to do so without needing their passports, using Read more
Qatar Petroleum (GP) on Tuesday in a statement said it will take full control in 2022 of Qatargas 1, which produces LNG and related products. Qatargas also known as Qatargas Liquefied Natural Gas Company Limited (QG1), is a joint venture Read more
Tunisia’s national carrier, TunisAir has reached a deal with TAV Airports to pay its debt to the Turkish airport operator, reports say. The airline in a statement said both sides held a meeting on Tuesday and discussed several matters related Read more