Saudi Arabia, Italy agree to set up business council

The Kingdom of Saudi Arabia and Italy have signed a Memorandum of understanding (MoU) to set up a business council between the two countries. Saudi and Italian representatives from the private sector, reports say, discussed investment opportunities in the fields Read more

Egypt targets Latin America, Asia tourism markets

Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more

France, Egypt, Malta set up EMENA Sovereign Wealth Funds Foundation

Malta Government Investments (MGI), the Sovereign Fund of Egypt (SFE), and French public investment bank Bpifrance have signed to found the European, Middle East, and North Africa (EMENA) Sovereign Wealth Funds Foundation in Malta, the three said in a statement. Read more

Abu Dhabi-based Mubadala signs collaboration deal with Italian shipping giant Fincantieri

Mubadala, one of Abu Dhabi’s sovereign fund, has signed a memorandum of understanding (MoU) with Fincantieri, the Europe’s largest shipbuilder in Europe to develop innovative projects in the naval, marine and industrial sectors, Trade Arabia reports. Per the agreement, will Read more

Morocco Welcomes Nomination of de Mistura as Western Sahara Personal Envoy

De Mistura’s appointment, as personal envoy to Western Sahara, is set to be announced in the coming hours, following the approval of the Security Council’s members. UN Secretary General Antonio Guterres initiated negotiations with Security Council members for the appointment Read more

UAE hands over to Algeria former state-run oil giant boss wanted for corruption

The UAE have extradited Abdelmoumen Ould Kaddour, former boss the state-run energy giant Sonatrach, wanted in Algeria for corruption in two cases. The protégé of ex-leader Abdelaziz Bouteflika arrived Wednesday at Algiers international airport handcuffed, from Dubai. He was arrested Read more