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The Arab Monetary Fund, AMF, has allocated a credit line worth $282 million to Egypt to help the Arab republic implement economic and financial reforms and overcome various challenges, the financial institution said in a statement. The Abu Dhabi-headquartered organization Read more
Saudi Arabia’s sovereign wealth Fund officially known as Public Investment Fund (PIF), has increased its investment in American video game company Activision Blizzard ATVI.O by 13.3%, reports say. PIF, Zawya reports citing a Securities and Exchange Commission filing on Monday, Read more
The Saudi Health ministry is planning to get up to $7.3 billion from the private sector as the Gulf country hopes to increase the participation of private investors to 35 percent by 2030 from 25 percent today. Minister Tawfiq Al-Rabiah, Read more
King Mohammed VI of Morocco, sent a message of condolences and compassion to President of Algeria, Abdelmajid Tebboune, following the forest fires which claimed several victims. In this message, King of Morocco stated that he had learned with great emotion Read more
Israeli foreign minister Yair Lapid paid a two-day visit to Morocco this Aug.11-12 during which he conferred with his Moroccan peer Nasser Bourita on a series of bilateral and regional issues of common interest. The talks highlighted by the signing Read more
The Sultanate of Oman has established a national hydrogen alliance to develop an industry for the production, transport and use of the fuel as part of a national plan to replace fossil fuels. The alliance, reports note, includes 13 institutions Read more
Saudi Arabia’s General Authority for Competition (GAC) announced that it has no objection to the merger of 32 companies and local exchange institutions (purchasing and selling foreign currencies), reports say. GAC in a statement said it sees no objection to Read more
Morocco has proposed to help Algeria fight the wildfires that have been ravaging several regions of the country since Monday and that killed scores of people. In this vein, King Mohammed VI has instructed the Interior and Foreign Ministers to Read more
The UN Support Mission in Libya (UNSMIL) said on Tuesday that it is “deeply concerned” over the abduction of a senior Government staff member, who disappeared last week after being taken away by unidentified armed men. Rida Faraj Fraitis, Read more
UAE-based Company, Sky Abu Dhabi Real Estate Development, the real estate arm of Diamond Group is planning to invest 15 billion Egyptian pounds ($959 million) in Egypt in the next two years, including more than 4 billion pounds in two Read more