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UK-headquartered Standard Chartered Plc has revealed plans to further develop its operation in Egypt and Saudi Arabia, the two largest and fast-growing in the Middle East and North Africa region (MENA), reports say. In a statement seen by Bloomberg, the Read more
Shrimp Nation, the largest seafood restaurant chain in Saudi Arabia, plans to open its first branches in the UAE with an investment value of AED 10 million ($2.72 million), Trade Arabia reports. “We are delighted to expand and open branches Read more
Jordan’s King Abdullah is scheduled to undergo surgery in Germany this week to treat a thoracic herniated disc, his palace has announced in a statement. The statement issued on Saturday indicated that the surgery will take place at a specialized Read more
The European Union has pledged to Egypt with €100 million to surf the consequences of rising prices of food and commodities as part of the bloc’s response to mitigate the impact of Russia’s war against Ukraine on the EU’s partner Read more
Prince Hamzah, half-brother of Jordan’s King Abdullah II, relinquished his princely title on Sunday, Arab News reports. In a letter posted on his Twitter account, Prince Hamzah said he gave up his title because his “personal convictions and the values” Read more
The Ministry of Energy and Mineral Resources and USAID-Jordan on Saturday launched a USAID-funded project to support the Kingdom’s energy sector with a value of $40 million over five years, Zawya reports. The fund, according to the Jordan News Agency, Read more
King Abdullah II of Jordan and his wife Queen Rania, were awarded Saturday the 2022 Zayed Award for Human Fraternity at a ceremony at the Founders Memorial in the UAE capital, reports say. The award was presented to the royal Read more
Cairo-based investment bank EFG Hermes has appointed Goldman Sachs to advise on First Abu Dhabi Bank’s (FAB) offer to acquire a majority stake, the bank has said in a statement. The board of Egypt’s largest investment bank also said it Read more
Morocco’s efforts in the fight against extremism and the promotion of the values of tolerance were highlighted during a Euro-Mediterranean forum on the fight against extremism, held in Amman. The Moroccan delegation participating in this event shed light on the Read more
The kingdom of Jordan will start exporting electricity to Lebanon, hit by the energy crisis, from next month. Minister of Energy Saleh Al-Kharabsheh made the announcement Tuesday, adding that a funding agreement with the World Bank has been finalized. Both Read more