Leading News Source For Middle East
British bank Standard Chartered will start operating in Egypt from September after it has received preliminary approval from the Central Bank of Egypt (CBE). Gamal Negm, the deputy Governor of the CBE, reportedly revealed that Standard Chartered will open its Read more
Travelers around the world clients of US travel firm Tripadvisor have nominated Dubai the most popular destination in 2022. The UAE’s emirate and city won Wednesday the Tripadvisor’s first Travellers’ Choice Awards for Destinations – The Best of the Best Read more
Egypt and Jordan Sunday agreed to double the capacity of their joint power interconnection to 1,000 megawatts, reports say. The Jordanian energy minister Saleh Kharabsheh reached the deal with Egypt’s minister of electricity Mohamed Shaker in the kingdom. The agreement Read more
Egypt will begin exporting from October this year up to 3,000 MW/h of electricity to Cyprus and Greece, the Arab republic’s electricity ministry said in a statement. The department headed by Mohamed Shaker, did provide details on revenues that the Read more
Saudi Arabia and Greece are set to hold joint military exercises this month as the kingdom’s forces arrived in the European country. Six Royal Saudi Air Force F-15s, Anadolu news agency reports citing a Hellenic National Defense General Staff statement Read more
Egypt has instructed its media to water down criticism of Turkey at time both are engaged in secret talks to iron out conflicting files including Libya, reports say. A source in Egyptian state TV who asked not to be named, Read more
The Egyptian capital Cairo has been chosen to house the headquarters of the eastern Mediterranean Gas Forum, Arab Finance reports citing statement from Ministry of Petroleum and Mineral Resources. Egypt, Jordan, Greece, Cyprus, Italy, and Israel according to the ministry Read more
Turkey Tuesday laid into the UAE for sowing chaos in Middle East and North Africa (MENA) region mainly in Yemen and Libya amid deteriorating relations between the two countries. Foreign Minister Mevlut Cavusoglu, Middle East Monitor (MEMO) reports, in an Read more
Russia and Spain Tuesday lambasted fresh sanctions on Iran by the US, which is bullying countries to stop buying the Iranian oil. US President Donald Trump and his administration enacted Monday another tranche of sanctions against Iran targeting its oil Read more
World former boxing heavy weight champion Mike Tyson Thursday announced in Dubai he would open fitness branches around the word including in Dubai and Bahrain. The centers will bear his own name and will be structured under the premier, full-service, Read more