UAE pledges to invest $4.2 bn in Greece

The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more

Egypt Defense ministry asks local Sovereign Fund to help sell up 90 per cent of Wataniya Petroleum Company

The Egyptian Defense ministry has chosen the country’s Sovereign Fund (SFE) to sell between 80 and 90 per cent of Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), reports say. SFE’s CEO Ayman Soliman told Reuters that Read more