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Emirates Stallions Group (ESG), a subsidiary of Abu Dhabi’s International Holding Company (IHC), is set to build a hospitality development in Sudan for $65.3 million, Zawya reports. ESG will develop the 16-floor hotel and residences project, which will feature 300 Read more
Ethiopia has closed down its diplomatic mission in Kuwait as part of Addis Ababa’s measures to cut global spending around the world. The Ethiopian embassy in the Gulf country announced it is preparing to ‘permanently’ close down its mission in Read more
The Iraqi judiciary has moved to arrest a group of people for attending a conference advocating the normalization of ties between Bagdad and Tel Aviv. Arrest warrants were issued against the head of the Sunni Awakening Movement, Wissam al-Hadran, former Read more
Qatar, host of next year FIFA World Cup, has requested that all players listed for the tournament must be fully vaccinated against COVID-19, reports say. The decision follows a previous directive by the Gulf country indicating that anyone willing to Read more
Egypt will welcome in 2023 the annual meeting of the board of governors of the African Development Bank (AfDB) following approval by the Abidjan-based bank of a request by the Arab country. The board unanimously rubber-stamped Egypt’s request Wednesday, during Read more
Red Sea Development Company (RSDC), the Saudi developer of the Red Sea project unveiled plans to build 17 hotels on four Islands the kingdom is creating on the Red Sa, local Arabic daily Aleqtisadia reports. Mohammed Al-Rihawi, facilities manager at Read more
Kuwait-based investor International Financial Advisors Holding (IFA) will invest AED 37.69 million ($10.26 million) in a branch of smart hotel brand Yotel in Dubai’s Palm Jumeirah, Zawya reports. The investment will provide IFA, 10.5 per cent of the hotel brand. Read more
The Libyan Government of National Unity (GNU) led by Prime Minister Abdul Hamid Mohammed Dbeibah lost Tuesday the vote of confidence of the east-based House of Representative (HoR), few months after assuming power. 89 votes out of the 113 members Read more
French global sport brand Paris Saint-Germain (PSG) football club, owned by Qatar, will play a friendly in the Saudi capital of Riyadh in January next year against a local selection, in a major sign of reconciliation between the two Gulf Read more
Five Egyptian state-run companies will be listed during the fiscal year (FY) 2021/2022, on the country’s stock exchange, Egyptian Exchange (EGX). Finance Minister Mohamed Maait speaking to CNBC Arabia said the companies include e-Finance, Banque du Caire, and Ghazl El Read more