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Egypt’s Ministry of Transport is close to signing a contract with Siemens for the construction of the country’s second high-speed train, Arab Finance reports. The project, to connect 6th of October city to Aswan with a length of 925 kilometers Read more
Lebanon’s Finance minister Thursday told local media that replacing the Central bank governor, Riad Salameh, today is not “wise”, Zawya reports. Youssef Khalil, speaking to broadcaster MTV, indicated that nobody proposed removing the central bank governor, but “I do not Read more
The Egyptian government is considering the privatization of state companies every month to attract private investors, Planning Minister Hala al-Said told Reuters. “We’re trying to select the right companies that can attract good institutional and good private sector (investors), and Read more
King Mohammed VI of Morocco chaired Thursday, in the province of Benslimane, the launching ceremony of the works for the realization of a manufacturing plant for Covid-19 and other vaccines, a structuring project which, in the long term, will contribute Read more
Qatar is planning to launch its first green Fund as it aims to secure Environmental, Social, and Governance funding, reports say. The ministry of finance, Bloomberg reports, is in contact with global banks in an attempt to accrue billions of Read more
Abu Dhabi-headquartered investment firm Chimera Capital has joined global alternative asset manager Alpha Wave in leading a $10 billion tech fund, Arab News reports citing Bloomberg. The fund, Bloomberg notes, will have a global remit but with a concentration on Read more
Oman-based International Emerging Technologies Co. signed an agreement with the US-based Virgin Orbit to prepare satellite launch platforms in the Gulf country, Arab News reports. Per the agreement, the establishment of satellites in low Earth orbit will be studied to Read more
The International Islamic Trade Finance Corporation (ITFC) approved a financing of $2.6 billion to fund developmental projects in Egypt, Arab Finance reports citing a statement by the Egyptian Ministry of Trade and Industry. “The ITFC is one of the most Read more
Passengers traveling through Qatar’s airports will pay new taxes on security and air freight infrastructure from April 1st, Doha News reports. A circular issued by the country’s Civil Aviation Authority indicates that passengers arriving, leaving, or transiting through Hamad International Read more
The Saudi and Romanian governments signed an agreement for cooperation in the defense field, the kingdom’s state-run news agency SPA announced Monday. Per the agreement, both countries will cooperate in training, exchanging expertise, technologies, developing communications systems, medical services, military Read more