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Oman will use its high revenues from oil to pay the country’s public debt, the country’s ruler Sultan Haitham bin Tariq Al Moazam has said, according to Zawya. “Oil and energy prices started to rise and reached record numbers, and Read more
A future land bridge under study to connect the western and eastern parts of the kingdom of Saudi Arabia will cost $26 billion, reports say, citing the Gulf country’s minister of Transport and Logistics. “The land bridge project is considered Read more
Italian aerospace, defense and security company, Leonardo, will develop in Qatar a naval operation center as part of a deal with the tiny-gas rich country, the Rome-based company has announced. “Leonardo will provide the Qatari Emiri Naval Forces (QENF) with Read more
Egypt’s President Abdelfattah al-Sisi Tuesday hosted in the resort city of Sharm El Sheikh both Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces and Israeli Prime Minister Naftali Bennett in a Read more
Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan revealed Monday the kingdom’s plan to mediate between Russia and Ukraine caught in a conflict after Russian President launched last month a military invasion to denazify the former soviet country. Read more
Egypt Sunday hosted political consultations with Saudi Arabia on bilateral relations and regional issues as ways to boost their ties, Daily News Egypt reports. The talks, the media notes, dealt with a number of regional and international files of mutual Read more
Kuwait has reported 25 suicides this year underlining an increase by 50 per cent over the past two years. The majority of those who committed suicide in the last 70 days, reports say, were Asians; those in the age group Read more
The International Finance Corporation (IFC), a member of the World Bank Group, announced Wednesday the investment of $5 million a new venture capital fund from Disruptech Ventures to support development in Egypt’s fintech sector and help expand access to financial Read more
The African Development Bank, AfDB, is raising $1 billion to help increase local production of wheat in Africa to surf the commodity shortage caused by the Russia-Ukraine conflict, reports say. The Abidjan-based bank, according to its President Akinwumi Adesina, aims Read more
The Nigerian government has debunked local reports that it has chosen Qatar Airways (QR, Doha Hamad Int’l) as the preferred bidder for its new national airline, Nigeria Air, pointing out that the bidding process has only just opened, Ch-Aviation reports. Read more