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Today, The United Nations General Assembly adopted a resolution on the situation between the Russian Federation and Ukraine. The Kingdom of Morocco has decided not to participate in the vote on this resolution, says a statement from the Ministry of Read more
Morocco’s Parliament Upper House and Egypt’s Senate have agreed to enhance further cooperation between the two legislative institutions on issues common concern. An agreement to this end was inked Tuesday in Rabat by Speaker of the House of Advisors, Naama Read more
British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca has unveiled plans to double its investment in Egypt in the next three year, reports say. Hatem Werdany, Director of the company in the Arab Republic, has indicated that the multinational has invested Read more
Public utility Qatar Electricity and Water Company (QEWC) has acquired a 24 percent equity stake in Unique Meghnaghat Power Ltd. in Bangladesh through its subsidiary, Nebras Power Investment Management B.V., Zawya reports. QEWC did not disclose the value of the Read more
UAE’s biggest lender First Abu Dhabi Bank (FAB) has sold a 60 percent stake in its payments firm, Magnati, to Canada’s Brookfield Business Partners, Zawya reports. The transaction will bring to the Abu Dhabi-based bank around $690 million. FAB will Read more
Saudi Aramco has discovered natural gas fields in four regions of the kingdom according to the country’s Energy Minister Prince Abdulaziz bin Salman. The discovery, according to the minister, was made in Shadoon, in the central region, Shehab and Shurfa, Read more
Saudi Arabia’s Public Investment Fund, PIF, has opened three new subsidiary companies’ offices in London, New York and Hong Kong in line with its global expansion plans, reports say. The fund in a statement indicated that new subsidiary companies’ offices Read more
The Saudi British Bank (SABB) has signed a project financing agreement with Nesma & Partners Contracting Company Ltd. worth $693 million (2.6 billion riyals) for the construction of a mall in the Saudi capital Riyadh, Zawya reports. The deal will Read more
Saudi Arabia’s Industrialization and Energy Services Co., known as TAQA, on Monday announced the acquisition of Tendeka, a UK-based engineering and manufacturing company, Arab News reports. “We continue to realize TAQA 2021 strategy to expand well services offering and become Read more
Israeli Minister of Economy and Industry, Orna Barbivai, who arrived in Morocco Sunday for a three-day visit held, this Monday, February 21 in Rabat, a meeting with Minister of Industry and Trade Ryad Mezzour that highlighted by the signing of Read more