Leading News Source For Middle East
The Saudi-led consortium has pledged to inject $340.5 million into British Premier League club Newcastle United to improve the English soccer iconic club after Thursday acquisition. The kingdom’s sovereign wealth fund, Public Investment Fund (PIF) landed the Northeastern English club Read more
Investcorp, a Bahrain-based Middle East private equity firm, has acquired 89 industrial properties in the United States for $380 million, Zawya notes, citing the company. The new acquisitions are located in Los Angeles, California, Dallas, Texas, Phoenix, Arizona, Seattle and Read more
Google announced Wednesday a five-year, $1 billion investment plan for the African continent, promising faster and more affordable Internet access and financial support for local startups in this market with a young population. Less than a third of Africa’s 1.3 Read more
The Turkish Presidency on Wednesday submitted a motion to Parliament to extend the deployment of Turkish troops to the Central African Republic (CAR) and Mali as part of United Nations peacekeeping missions, Daily Sabah reports. The extension if approved, will Read more
Emirates Tim Clark has revealed Emirates has no plans to set up a domestic airline in India as New Delhi move to privatize national carrier Air India (AI). The Indian government has allowed 49 percent Foreign Direct Investment in Indian Read more
American alternative investment management company, Blackstone, is in advanced talks to acquire Dubai-headquartered VFS Global, the world’s largest visa outsourcing company, for $1-1.2 billion, reports say. Both sides, Zawya notes citing India’s Economic Times website, have completed the due diligence Read more
De Mistura’s appointment, as personal envoy to Western Sahara, is set to be announced in the coming hours, following the approval of the Security Council’s members. UN Secretary General Antonio Guterres initiated negotiations with Security Council members for the appointment Read more
State-run Kuwaiti energy company, Kuwait Oil Company (KOC) plans to invest more than $6.1 billion in exploration over the next five years, and increase production to 4 million barrels per day by 2040, reports say. An oil source reportedly told Read more
Enwan Developments, real estate developer in Egypt, will launch the first technology mall, Pixel Technology Mall, in the Downtown area in the new administrative capital (NAC) with total investments worth around $19 million, reports say. The mall will serve the Read more
Global gaming company Stillfront Group AB has acquired 100 percent of the shares of Jordan-based Jawaker for $205 million in a move that bolsters the Swedish company’s presence in the Middle East and North Africa region (MENA). Founded in 2009, Read more