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Turkey’s national carrier, Turkish Airways has branded rubbish media that reports that it is planning to acquire controlling shares in Portugal’s ailing flag carrier TAP, Daily Sabah reports. The action came after Portuguese newspaper Negocios reported Monday citing diplomatic sources Read more
Bahrain’s Economic Development Board (EDB) launched invest.bh; an investment platform that allows investors to access investment opportunities in the Kingdom’s strategic projects, Trade Arabia reports. The platform enables, the board said in the statement, investors to explore current investable and Read more
Egyptian Minister of Military Production Mohamed Ahmed Morsi and the president of the Saudi General Organization for Military Industries Mohammed bin Hamad Al-Mady discussed Monday the possibility of exchanging experiences and manufacturing technology, Arab News reports. They met on the Read more
UAE Monday decided to raise investments in pharmaceutical industry by 20% as the Gulf country aims at producing more good quality medicines locally and draw more investments into the sector, reports say. “Today, I chaired a cabinet meeting at Expo Read more
The Abu Dhabi National Exhibitions Company (ADNEC), a subsidiary of state holding company ADQ, has acquired Etihad Holidays, the destination and leisure management arm of Etihad Airways, Zawya reports. The transaction, ADNEC is a statement said, will expand its footprints Read more
The Central Bank of the Republic of Turkey (CBRT) and the Central Bank of the United Arab Emirates (UAE) signed cooperation agreement between the two institutions on the sidelines of Abu Dhabi Crown Prince Mohammed bin Zayed’s visit to Ankara Read more
Israel’s Deputy Prime Minister and Minister of Defense, Benjamin Gantz, was received on Wednesday in Rabat, upon High Royal Instructions, by the Minister Delegate to the Head of Government, in charge of the National Defense Administration and by the Lieutenant Read more
The world’s largest oil exporter and Saudi Arabia’s largest company, Aramco, has joined investors in funding China’s brain-computer interface platform, NeuraMatrix, Arab News reports. NeuraMatrix, has closed $15.6 million Series A financing round led by Huagai Capital and Prosperity7 Ventures, Read more
Egypt’s Financial Supervisory Authority (FSA) has approved Abu Dhabi-headquartered Aldar Properties’ bid to acquire real estate developer SODIC, Zawya reports citing the Emirati Company. Aldar Properties made the offer to acquire 90 per cent of Al Sheikh Zayed City-based Company Read more
Some unidentified people have attacked Iran’s Consulate General in Hamburg causing fire at the gate of the mission, reports say citing German police. The people according to the city police threw flammable materials at the iron gate of the consulate. Read more