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Saudi Public Transport Company (SAPTCO), the kingdom’s public bus operator, has signed a contract worth more than 149.6 million riyals ($39.8 million) for a public bus transport project across the Gulf country, Zawya reports. In a statement to the Saudi Read more
The Sultanate of Oman is in talks with regional banks to refinance a $2.2 billion loan it took out early last year, seeking to increase its size to between $3 billion and $4 billion, Market Screener reports citing two sources Read more
Orcas, a Cairo-based learning platform connecting parents and students to trust tutors and babysitters, is planning to expand to Saudi Arabia and Pakistan, Co-Founder and CEO Hossam Taher has revealed. The plan is coming after the company closed its third Read more
The Saudi Minister of the Saudi National Guard Prince Abdullah bin Bandar, on Monday, inaugurated the National Guard Air Base in Dirab, south of the capital, Riyadh, Arabe News reports citing the ministry. The base, according to the President of Read more
Travelers around the world clients of US travel firm Tripadvisor have nominated Dubai the most popular destination in 2022. The UAE’s emirate and city won Wednesday the Tripadvisor’s first Travellers’ Choice Awards for Destinations – The Best of the Best Read more
Aldar Properties, a developer based in Abu Dhabi will build a sustainable city project worth 1.8 billion dirhams ($490 million), as part of its strategy to achieve sustainable development goals, reports say. The company will build 864 units on Yas Read more
Kuwait’s Defence Minister Hamad Al Jaber has ordered the suspension of army plan to train the country’s first female soldiers, after public discontent demanding abidance to the Islamic law. Al Jaber, Gulf News reports citing local Al Rai newspaper, made Read more
Egypt’s first Special-purpose acquisition companies (SPAC) will start operating next month, 90 days after the government gave the go-ahead. “At the end of this month or early next month, we will have the first blank check company,” Mohamed Omran, Chief Read more
Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more
South Korea will grant Egypt $1 billion, the Asian country’s envoy to the Arab country has announced, ahead of Moon Jae-in’s visit this week. Hong Jin-wook, Arab Finance notes, informed Al Mal News about the financial facility without providing further Read more