Leading News Source For Middle East
Gulf insurer National Life and General Insurance Company (NLGIC), a subsidiary of investment holding firm Oman International Development and Investment Company (Omnivest), has signed deals to fully acquire Royal & Sun Alliance Insurance Middle East, Zawya reports, citing a disclosure. Read more
Qatar will invest $5 billion into the Egyptian economy in unspecified sectors, the government of the Arab republic has said a statement. Statement came following a meeting on March 29th in Cairo between the Egyptian Prime minister Mostafa Madbouli and Read more
AG Café has announced plans to open 110 more branches of Tim Hortons in Saudi Arabia by 2024, taking the total number of stores across the country to 200, Zawya reports. The company runs 190 stores, in total across the Read more
The UAE-Bahraini nanosatellite, Light-1, was successfully launched into orbit from the International Space Station (ISS), the Emirati Space Agency said on Thursday. “Congratulation! the UAE-Bahrain Nanosatellite Light-1 Successfully Deployed into Earth’s Orbit by key entities and experts to achieve one Read more
Bahrain-based GFH Financial Group has set up a new company with a capital of up to $1 billion dirhams, Zawya reports citing a disclosure on Monday. According to the disclosure, the new company Infracorp, will manage a portfolio of infrastructure Read more
IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more
Turkish President Recep Tayyip Erdoğan will visit Saudi Arabia in February as Turkey works to thaw ties with Arab countries in the region. Erdogan also announced he will also discuss trade with Saudi authorities. Turkey has been pushing to end Read more
Bahrain Shura Council Sunday trashed two bills that sought to amend the Civil Service Law to reserve all jobs under the public sector, including contract jobs for Bahrainis, confirming the Gulf country’s policy to replace expats working in government by Read more
The UAE and Bahrain will launch on Tuesday a joint nanosatellite to the International Space Station (ISS), Arab News reports, citing UAE state-run news agency WAM. “Light-1 will take off onboard a SpaceX CRS-24 flight on board of a Falcon Read more
Gulf Cooperation Council (GCC) leaders have reiterated their unwavering support to Morocco’s territorial integrity and sovereignty over its entire Sahara territory. In their joint statement issued Tuesday following the 42nd Session of the GCC Supreme Council held in Riyadh, the Read more