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Saudi dairy giant Almarai Co. Has, through its subsidiary Western Bakeries Co., acquired 25 percent of Modern Food Industries, becoming the full owner of the Indian company. Almarai will inject an additional $67 million into the company. Through this acquisition, Read more
The Moroccan government has reaffirmed that the autonomy plan offered by the Kingdom for a lasting resolution of the Sahara regional conflict is the only doable solution to this issue which is fuelled by the Algerian military regime. The unwavering Read more
Rayan, the five-year-old boy who was trapped in a well in Morocco died today, February 5. A statement from the royal cabinet confirmed the news shortly after medical staff took Rayan Aourram outside of the well. Masses of people, from Read more
Egypt and South Korea have inked two Memorandums of Understanding (MoU) in military cooperation covering defense industries and logical support, Arab News reports. The first memorandum, the Saudi media notes, covers defense industries and logistical support, and the second covers Read more
Saudi Fund for Development, SFD, has signed three deals with Oman to finance several projects worth around $244 million, Zawya reports citing the Saudi Press Agency (SPA). Signed with the Omani Ministry of Finance, memorandums of understanding (MoU), aim at Read more
The head of Kuwait’s Public Authority for Manpower discussed Thursday with India’s envoy to the Gulf country the possibility of recruiting skills and Manpower to serve the labor needs in the Arab country, Arab Times reports. Ahmad Al-Mousa told Sibi Read more
Saudi Arabia’s Aramco and world’s largest oil exporter has acquired 7.5 per cent of Norwegian industrial software group Cognite in return for investment estimated at about $113 million. The Saudi energy giant takes full control of oil firm Aker BP’s Read more
Tunisia has resumed talks with the International Monetary Fund (IMF) for a loan and expects to reach a deal by April, Finance Minister has told Reuters, Tunis Numerique reports. Sihem Nemsia, revealed that talks between two sides were suspended in Read more
Abu Dhabi’s leading developer Aldar has acquired Al Hamra Mall in Ras Al Khaimah for $111.64 million, Zawya reports. The company said in a statement it will reconfigure the 27,000 sq.m. mall, which was completed in 2009 by Ras Al Read more
US President Joe Biden Monday announced he plans to grant the status of major non-NATO ally in the Middle East to Qatar, as he met with the ruler of the gas-rich country, Sheikh Tamim bin Hamad Al Thani. The Qatari Read more