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KBW Ventures, a Saudi Venture Capital firm owned by Prince Khaled bin Alwaleed bin Talal Al Saud has announced its participation in the Series B funding round of over $40 million for Eclipse Foods, a US plant-based diary platform. Eclipse Read more
The World Bank’s Board of Executive Directors yesterday approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to strengthen Egypt’s resilience to food crises and to support reforms Read more
Egypt is currently negotiating with Qatar on new investments ranging between $2bn-3bn, Minister of Finance Mohamed Maait announced on Monday, Zawya reports. Maait did not provide details but the announcement comes after Qatar’s ruler Sheikh Tamim al Thani visited Egypt Read more
India has offered to set up production facilities for manufacturing light combat aircraft (LCA) as well as helicopters in Egypt as the Egyptian army contemplates placing orders. Sources who asked not to be named, told The Economic Times, the Egyptian Read more
Arab-German Chamber of Commerce and Industry signed Thursday a five-year agreement with Egypt to open a regional office in Cairo, the Egypt government said in a statement, Arab Finance reports. The deal according to the statement contributes to the creation Read more
Etihad Rail, the developer and operator of the UAE national railway network, has signed a 1.2-billion-dirham ($327 million) agreement with Spain’s CAF Group for designing, manufacturing, supplying and maintaining passenger trains, Zawya reports. Per the deal, CAF will design, manufacture, Read more
Egypt and Qatar are holding talks to expand investments in new areas and increase their volume, especially in the energy sector, Egypt’s Minister of Trade and Industry Nevin Gamea said, Arab News reports. The Egyptian official took part in the Read more
Réseau Unité pour le Développement de Mauritanie (non-governmental organization in special consultative status) : From our belief in the importance of the United Nations High Commission for Human Rights and its pivotal role in consolidating peace and the welfare of Read more
An Iranian fighter plane crashed near the central city of Isfahan on Saturday after its engine failed, nearly one month after another jet crashed killing the pilots. The Saturday crash involved a Grumman F-14 Tomcat. The pilots, 2, survived and Read more
Taiwan has condemned Qatar’s World Cup organizers for listing the country as “Taiwan, Province of China” on its Hayya card online application, Reuters reports. Taiwan’s Foreign Ministry spokeswoman Joanne Ou laid into the world cup organizers arguing that her country Read more