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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 Crown Prince Mohamed bin Salman arrived Monday in Egypt as part of a regional tour that will take him to Jordan and Turkey. President Fattah al-Sisi welcomed the de facto leader of the Gulf country at the airport. The Read more
The UAE central bank has slapped administrative sanctions on an unidentified insurer accused of failing to meet regulatory obligations, Zawya reports. As part of the sanctions, insurance companies are prohibited from issuing additional policies to new customers for a period 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
Abu Dhabi’s ADQ has entered into a definitive agreement to acquire Turkish pharmaceutical company Birgi Mefar Group (BMG), Zawya reports. The Abu Dhabi Media Office broke the news on Monday but did not disclose details on the potential acquisition. The Read more
The United Arab Emirates has been ranked as the best country in the Arab World in terms of attraction of Foreign direct investment (FDI) for 2021, according to the World Investment Report 2022, released recently by the United Nations Conference Read more
Dubai-quartered Al Futtaim Group plans to invest up to $1 billion in the most populated Arab country, Egypt, over next three years. Dubai-based Al-Futtaim Group said it is eyeing investments in Egypt worth $700 million to $1 billion over the Read more
UAE-based Gulf Islamic Investments (GII) has taken full control of Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala, Zawya reports. The value of the operation has not been revealed. AGTB is a Category 1 digital bank licensed Read more
Abu Dhabi state holding firm ADQ will invest $10 billion in projects with Egypt and Jordan, the UAE’s state-run news agency WAM reported Sunday. The agency did not say sectors where the investments will go in but Egypt’s public news Read more
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, Vice President and Prime Minister of the UAE, has issued a decree dissolving the “Tribunal to Decide the Disputes Related to the Settlement of the Financial Position of Dubai World and Read more