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12 Jul, 2025
Latest News:
El-Sisi Calls for Increased Efforts to Restore Gaza Ceasefire in Meeting with Hungarian Speaker
Italy Backs Arab-Led Gaza Reconstruction Efforts Amid Regional Turmoil
Egypt, Saudi Arabia Deepen Diplomatic Dialogue amidst Regional Turmoil

Middle East Confidential

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Author: KanelkaTagba

Kuwait’s IFA to acquire 10.5 per cent of Dubai’s Palm Jumeirah Yotel

September 22, 2021 KanelkaTagba

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

Finance, Gulf News, HeadlinesDubai’s Palm Jumeirah Yotel, IFA, Kuwait, UAE

Libya’s GNU loses confidence vote

September 21, 2021September 22, 2021 KanelkaTagba

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

Headlines, World NewsGNU loses confidence vote, Libya, PM Abdul Hamid Mohammed Dbeibah

Qatar’s owned PSG to play friendly in Riyadh early next year

September 21, 2021 KanelkaTagba

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

Gulf News, Headlines, World Newsfriendly in Riyadh, Qatar’s owned PSG

Egypt to float shares of five state-run companies

September 21, 2021 KanelkaTagba

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

Finance, Headlines, World NewsEgypt, Egyptian Exchange (EGX)., shares floating of five state-run companies

Saudi Arabia keeps position as China’s main crude supplier

September 20, 2021 KanelkaTagba

Saudi Arabia retained for nine straight months until August its position as China’s top crude supplier, Reuter reports. Saudi oil arrivals surged 53 percent from a year earlier to 8.06 million tons, or 1.96 million barrels per day (bpd), data Read more

Energy, Gulf News, Headlines, World NewsChina, crude oil supply, Saudi Arabia

South Korea grants Egypt $250m-loan for railway network upgrade

September 20, 2021 KanelkaTagba

South Korea will provide Egypt with a loan worth $250 million for the railway modernization project, as part of efforts to promote economic cooperation with Cairo, Arab Finance notes, citing the Ministry of Finance. The Economic Development Cooperation Fund (EDCF) Read more

Finance, Headlines, World NewsEgypt, railway network upgrade, South Korea

Tunisia to host 2024 Organic World Congress

September 16, 2021 KanelkaTagba

Tunisia has been selected to host the 2024 Organic World Congress, an event organized every three years by the International Federation of Organic Agriculture Movements (IFOAM), the state-run news agency TAP reports. Tunisia garnered a total of 60 votes, or Read more

Headlines, World Newshost of 2024 Organic World Congress, IFOAM, Tunisia

EBRD loans Egypt €25m to build country’s first dry port

September 16, 2021 KanelkaTagba

The European Bank for Reconstruction and Development (EBRD) has granted Egypt a loan worth €25 million for financing the country’s first dry port in the city of 6th of October, reports say. The financial facility will cover the design, development, Read more

Finance, Headlines, World News6th of October Dry Port (DP6), EBRD, Egypt

KSA, Iraq agree to increase maritime trade

September 3, 2021September 3, 2021 KanelkaTagba

Saudi Arabia and Iraq have inked a maritime agreement to increase the movement of commercial vessels between the two countries, supporting trade exchange and facilitating port access procedures, Middle East Monitor (MEMO) reports. The agreement, signed Thursday in Riyadh, also Read more

Gulf News, Headlines, World NewsIraq, KSA, maritime trade

UAE adheres to BRICS-backed New Development Bank (NDB)

September 3, 2021September 3, 2021 KanelkaTagba

The UAE has joined as new member the New Development Bank (NDB), founded by BRICS states, namely Brazil, Russia, India China and South Africa, the bank said in a statement relayed by Zawya. “We warmly welcome the UAE into the Read more

Finance, Gulf News, Headlines, World NewsBRICS, New Development Bank (NDB), UAE

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