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Turkish airport operator TAV Airports has signed a Memorandum of Understanding (MoU) with Uzbekistan ministry of Innovative Development to modernize the Central Asia country’s airports and to build a new airport in capital Tashkent. TAV Airports CEO & President Sani Read more
Saudi Arabia wealth fund Public Investment Fund (PIF) is mulling plans to launch a major airline to rival regional carriers, in collaboration with other investment entities, Bloomberg reports citing local online Maaal newspaper. The news broken by unidentified people reveals Read more
The Central Bank of UAE has slapped multiple millions of dollars sanctions on 11 banks operating in the country for facilitating money laundring, reports say. The sanctions according to the Central bank were confirmed Jan. 24 and valued at 45.8 Read more
Egypt attracted more Foreign Direct Investment (FDI) than any African country in 2020, a report by United Nations Conference on Trade and Development (UNCTAD) revealed. The flow of FDI to Egypt according to the report stood at $5.5 billion despite Read more
The Covid-19 vaccination campaign in Morocco was launched Thursday from the Royal Palace in Fez by King Mohammed VI, who received the first shot of the vaccine. The vaccination campaign is launched after Morocco received last week two million doses Read more
Oman Labor ministry has released a new fee structure that employers have to follow as the Gulf country pushes through its Omanization plan in all work sectors. Per the new structure, Times of Oman reports, hiring an expatriate in a Read more
Morocco will launch the vaccination campaign against the coronavirus on Thursday Jan.28 and King Mohammed VI will give the effective start of the campaign, the royal office announced in a statement on Wednesday evening. “After receiving different batches, the Read more
A court in Iran has sentenced the brother of the Vice President to two years in prison on corruption charges. Gholamhossein Esmaili, spokesman of the Iranian judiciary, The New Arab reports, indicated that Mahdi Jahangiri, the brother of Eshaq Jahangiri Read more
Eastern Libyan authorities in Tobruk have freed 32 Egyptians kidnapped by criminal gangs reports say. The Egyptian nationals reportedly entered Libya illegal and were abducted by the alleged criminals who also blackmailed them. Egyptian media Al Youm Al Sabei citing Read more
Sudan and Israel Monday signed a Memorandum of the Understanding (MoU) in the area of security as the first major move between the two countries since ties normalization agreement have been inked this month. Israel’s Intelligence minister Eli Cohen signed Read more