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Saudi Arabia’s Tourism Development Fund (TDF) entered into a deal with UK-based hospitality company Ennismore to establish a $400 million fund that will help bring Ennismore’s lifestyle brands to 12 destinations in the kingdom, reports say. Per the deal, TDF Read more
Qatar, a close US ally, is at odds with the Biden administration over the State Department’s slow move to validate Doha’s request to buy four armed drone to be used in the fight against terrorism in the region, The Wall Read more
The Biden Administration has suspended the disbursement of $700 million in aid to Sudan in the wake a military coup and arrest of several politicians including Prime Minister Abdulla Hamdok. Ned Price, spokesman of the US State Department, said the Read more
Arab Authority for Agricultural Investment and Development (AAAID), an investment institution based in Khartoum with focus on agriculture investment, has announced plans to inject $220 million in Egypt’s agriculture sector. The funding will be allocated to the small farmers and Read more
Abu Dhabi Investment Authority, ADIA, UAE’s biggest sovereign wealth fund, is set to invest $400 million into Indonesia’s tech company preparing its Initial Public Offering (IPO), Zawya reports, citing the fund. The future investment to take place before the IPO, Read more
Thirteen people, likely military personnel, have been killed after a bomb attack on a bus of the Syrian army, in capital Damascus, reports say. The blast occurred Wednesday according to the state-run news agency SANA. “A terrorist bombing using two Read more
Egypt Petroleum Show (EGYPS) 2021, a major conference and exhibition for the sector in the region, will be staged Feb. 14-16 next year in Cairo. The 5th edition of the event was previously scheduled in June this year but has Read more
Qatar and the World Health Organization (WHO) launched Monday “Healthy 2022 World Cup – Creating Legacy for Sport and Health”, a three-year initiative meant to make the 2022 FIFA World Cup, to be held in Qatar, a beacon for physical Read more
A ruling by Egypt’s Examination and Investigation Commission ordered the unfreeze of the funds of Alaa and Gamal, the sons of the late President Hosni Mubarak, and their families. “Ending the prohibition order No. 3 of 2011, related to each Read more
German automaker Mercedes-Benz will start supplying from this month 2,510 ambulances and mobile medical clinics to the Egyptian Health ministry as part of a deal estimated at around $190 million, Arabian Finance reports. The health ministry’s spokesman Khaled Megahed in Read more