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Singapore-based Olam Agri, the food, feed and fiber operating group of Olam Group, has secured a $745 million financing facility from the UAE banks to refinance existing loans for general corporate purposes, Zawya reports. Abu Dhabi Commercial Bank, First Abu Read more
The Ministry of Human Resources and Social Development (MHRSD) signed two agreements with Sierra Leone in the field of recruitment of public and domestic workers, reports say. The agreements aim to set a regulatory framework for all necessary procedures for Read more
Qatar’s Emir Tamim bin Hamad Al Thani is set to visit Cairo on Friday, his first visit in the most populated Arab country since 2017 the year Saudi Arabia, UAE, Bahrain and Egypt cut off ties with the tiny Gulf Read more
Egypt and Qatar are holding talks to expand investments in new areas and increase their volume, especially in the energy sector, Egypt’s Minister of Trade and Industry Nevin Gamea said, Arab News reports. The Egyptian official took part in the Read more
Saudi Arabia and Senegal signed a memorandum of understanding (MoU) on political consultations as both countries aim at strengthening bilateral relations. The signing took place in the capital Dakar of the West African country between Saudi Arabia’s Foreign Minister Prince Read more
Egyptian President Abdelfattah al-Sisi Monday praised Saudi Arabia and the UAE for supporting the Arab African country economically as it faces an acute economic hardship compounded by the Russia-Ukraine crisis, Middle East Monitor (MEMO) reports. “Saudi Arabia and the UAE Read more
Saudi-based dairy giant Almarai is looking to enter the seafood market with an investment of $67 million (SR252 million). The investment will be used to fund Almarai’s seafood processing facility, the company said in a statement to the Saudi bourse. Read more
The Public Investment Fund (PIF), the Saudi sovereign wealth fund, announced Sunday plans to acquire a 23.97% stake in Capital Bank Group, one of the largest banking group in Jordan, Iraq and the Middle East and North Africa (MENA) region. Read more
Jeddah-based Islamic Development Bank (IsDB) has opened its first regional headquarter in Cairo, Egypt, Arab Finance reports. The bank made the announcement in an email press release seen by the media, following the 2022 Annual Meetings, which was held in Read more
The Saudi tourism ministry signed today Tuesday a Memorandum of understanding (MoU) with the Ministry of Foreign Affairs and Tourism of Seychelles to boost cooperation and exchange expertise between the two sides, reports say. The agreement aims at supporting and Read more