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The Egyptian Ministry of Petroleum signed a memorandum of understanding with Japan’s Toyota Tsusho to assess the opportunities for producing blue ammonia in Egypt, Arab News reports citing Asharq. The ministry in the statement said economic facilities studies and the Read more
Kuwait and Japan will issue in July commemorative postage stamps symbolizing friendship between the two nations on the sidelines of the Tokyo 2020 Olympic and Paralympic Games, reports say citing the Gulf country’s mission in the Asia. “It is an Read more
Russian state-run energy company Rosneft has begun promotion of the Northern Sea Route through which it hopes to begin in 2024 its massive Vostok Oil project as the alternative to the Suez Canal which was closed to traffic for days Read more
Saudi Arabia’s Vision Fund is set to make an investment in a local messaging startup, representing the fund’s first investment in a local company, Arab News reports. Without giving more details the fund CEO Rajeev Misra told the media that Read more
Japan and the UAE Wednesday agreed on the need for both countries to launch a business council that would “generate added value from joint investments, provide information and services for investors, and encourage communication between relevant government authorities.” This came Read more
Japan International Cooperation Agency (JICA) will provide Turkey’s small enterprises financial support valued at $300 million to muddle through the pandemic, Daily Sabah reports. The financial pledge was born Wednesday from a cooperation agreement with Turkey’s Small and Medium Industry Read more
Sumitomo Wiring Systems, a division of the Japanese Sumitomo Group, will launch in December a new factory to produce pigtail cables for used in cars to supply the Egyptian local market and to export to Europe, Arab Finance reports. The Read more
The Japan Bank for International Cooperation (JBIC) and Mizuho Bank have signed a syndicated bank facility worth $330 million to fund the construction of Qatar’s first mega solar power plant, Japan Times reports. “This loan is expected to contribute to Read more
SMBC Nikko Securities Inc., the security agency of Japan’s second largest bank, will open new branches around the world including Abu Dhabi, as part of expansion plans. The move according to company’s President Yuichiro Kondo is subject to regulatory approval. Read more
Japan Tuesday offered Tunisia €4 million earmarked for the fight against the covid-19 pandemic. The aid will also be used to bolster Tunisia’s heath sector through the identification of contagious diseases. Tunisia has so far reported 1,087 cases including 982 Read more