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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
The British bank’s global Islamic banking brand, Standard Chartered Saadiq, has launched an Islamic financial programme to fund Halal businesses of small and medium-sized enterprises (SMEs) across Asia, the Middle East and Africa, Zawya reports. The fund, $100 million in Read more
Al-Jazeera’s Khartoum bureau chief, Sudanese Al-Moussalami al-Kabbachi, was released on Tuesday, the Qatari channel announced, while hundreds of arrests have taken place since the October 25 coup in this East African country. Arrested on Sunday at his home, Mr. Kabbachi Read more
The Saudi Ports Authority (Mawani) has entered an agreement with Cruise Saudi and Globe Group to build a new cruise terminal at King Abdulaziz Port in Dammam, as well as to develop four berths at King Abdulaziz Port in Dammam Read more