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United Kingdom and Egypt Saturday vowed to cooperate on climate change as the current and incoming presidencies of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP), reports say. “We affirm our joint commitment to Read more
IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more
The German government Wednesday announced its forces in Iraq will stay in the Middle East country until October at the request of the Iraqi counterpart, reports say. The forces, 500, will remain in Iraq until the end of October, to Read more
The United Nations have suspended the right to vote of eight countries including Iran over unpaid dues, reports say. The UN Chief, Antonio Guterres in a letter to the General Assembly, said 11 countries are behind in their payments, Arab Read more
Oman will stage its first Initial Public Offering (IPO) in three years with Barka Desalination Company (BDC), owner of Oman’s largest operating water desalination plant Barka IWP getting ready to sell 40 per cent of its shares. The 40 per Read more
Tourism Development Fund (TDF), Saudi Arabia’s fund for tourism development, has agreed with investment solutions firm Derayah Financial to establish a SR100 million ($26 million) private close-ended equity fund – first private equity fund focused on tourism, reports say. The Read more
The Kuwait Investment Authority has ordered a temporary halt to the creation of new companies and the listing of companies on the country’s stock market, citing the prevailing strained economic environment, reports say. Official sources, Arab News notes, told Al-Anba, Read more
The renewed Iraqi parliament held Sunday its first session in the capital Baghdad, almost three months after legislative polls. The parliament, Anadolu news agency reported citing Iraqi state-run news agency INA, is due to elect a speaker and two deputies Read more
The Kuwaiti Sovereign Fund also known as the Kuwait Investment Authority (KIA), has remained world’s third largest sovereign funds with assets on the increase, about $45 billion, reports say. The new ranking by The International Institute for Global Sovereign Funds Read more
Turkey’s long-awaited 5th generation fighter jet also known as The National Combat Aircraft (MMU) will make its first flight in 2025, President Recep Tayyip Erdoğan announced Thursday, Daily Sabah reports. The first home-made fighter jet, according to Erdoğan , will Read more