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W Solar Investment, a subsidiary of UAE’s Alpha Dhabi, signed Monday a memorandum of understanding with the General Electricity Company of Libya (GECOL) to develop a long-term partnership in Libya’s renewable energy sector, Zawya reports. Under the agreement, the investment Read more
The Central Bank of Tunisia, BCT, has unveiled the country’s first digital payment solution that will do a range of financial transactions. The solution backed by seven domestic banks, according to the BCT head Marouane El Abassi, will offer several Read more
The Cabinet meeting chaired by King Salman Tuesday gave greenlight to the Bank of Jordan to open branches in the Kingdom to practice banking activities. Listed on the Amman Stock Exchange, the Bank of Jordan was founded in 1960 and Read more
Qatar and Iran inked a memorandum of understanding (MoU) to launch a joint trade council aiming at boosting trade between the two countries. The document, according to Tasnim News agency, was signed by Sheikh Khalifa bin Jassim Al-Thani, chairman of Read more
HSBC has launched a $53.4-million fund for tech entrepreneurs seeking international investments and operating in areas panning fintech, e-commerce, retail and mobility, health, education and software. The bank said in a press release relayed by Arab Finance that it will 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
Qatar has signed a new Strategic Investment Partnership for the injection of $12.5 billion in the United Kingdom in areas including fintech, life sciences, and cyber security. The agreement came during the visit of Sheikh Tamim bin Hamad Al-Thani to Read more
Jamal Hassan Al-Musawi, secretary-general of Oman’s National Museum, has received the Star of Italy, the country’s highest civilian award, Arab News reports. Al-Musawi received the honor from the European country’s Ambassador to Oman Federica Favi at a ceremony in Read more
Three Turkish soldiers have been killed in a clash with Kurdistan Workers’ Party (PKK) fighters in northern Iraq, the Turkish defense ministry has indicated. The soldiers serving as part of operations against PKK fighters, were killed on Tuesday. Four other Read more
A fighter jet, F7 jet, crashed Tuesday in the central desert of Iran killing both pilots onboard the aircraft, reports say. The tragedy occurred at the Anarak training site near the central city of Isfahan. It is unclear what caused Read more