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Alpha Dhabi Holding, an Abu Dhabi-based investment company, will invest 9.2 billion dirhams ($2.5 billion) in Alpha Wave Ventures II; a venture fund which focuses on financial tech, artificial intelligence, life sciences, consumer internet, and B2B. With the investment, Alpha Read more
United States will slash its economic assistance to Tunisia next year over the authoritarian path taken by authorities, said Samantha Power, the Administrator of the United States Agency for International Development (USAID). The US diplomat has not indicated the amount Read more
The head of Kuwait’s Federation of Domestic Labor Recruitment Offices said the salary of new Ethiopian domestic workers in Kuwait will be set around 90 dinars ($293) per month amid talks about labor agreement between the two countries, Addis Standard Read more
Turkey’s $20-billion plant project, the first ever by the country, is being threatened as Western sanctions heap up on Russia over its invasion of Ukraine. Operations of the first reactor of the Akkuyu Nuclear Power Plant, located on the Mediterranean Read more
The Egyptian government has signed a memorandum of understanding (MoU) with Energy3 International (E3i) for the establishment of a solid waste treatment and recycling plant in the governorate of Fayoum, Arab Finance reported citing official statement. E3i, under the deal, Read more
Iraq will build a 750 MW solar power plant in the Southern Muthanna Governorate to cater for growing domestic demand according to the media citing the Electricity Minister. “We have decided to support Muthanna Governorate with a new solar power Read more
India has exempted Egypt from its ban on wheat exports after heat waves dealt a blow to the crop’s production, reports say. Egyptian Minister of Agriculture Al-Sayed El-Quseir reportedly Sunday told Bloomberg Agency that India’s decision of last week will Read more
The European Investment Bank (EIB), a financial arm of the European Union (EU), announced Thursday the provision of €60 billion ($62.58 billion) for economic development in Gaza, Arab News reports. EIB Vice President Gelsomina Vigliotti and EU representative Sven Kuhn Read more
The king of Jordan Abdullah and Queen Rania received Thursday the 2022 Path to Peace Prize of the Vatican’s Path to Peace Foundation for their promotion of interfaith harmony and dialogue, Arab News reports. Vatican Ambassador to the UN Archbishop Read more
Hungary-headquartered and low cost airline Wizz Air has revealed plans for expansion opportunities in Saudi Arabia, Zawya reports. The airline, the media notes, has signed a Memorandum of Understanding (MoU) with the Future Aviation Forum to explore airline market development Read more