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Egypt’s General Authority for Investment and Free Zones (GAFI) signed on April 5th a memorandum of understanding (MoU) with Japanese operating automotive supplier Yazaki Europe Limited for the establishment of a new factory for car components in Faiyum, 62 miles Read more
An Emirati court in Dubai has sentenced Israeli women to prison after she was charged for possessing drugs in the Gulf country, reports say. Israel’s Channel 12, Middle East Monitor (MEMO) notes, reported that the woman identified as Fidaa Kiwan, Read more
Car rental tech platform Selfdrive, based in Dubai, is expanding to Qatar and Bahrain as part of its growth plans, reports say. The company said it expects to acquire as much as 65% of the digital rental market share in Read more
Gulf insurer National Life and General Insurance Company (NLGIC), a subsidiary of investment holding firm Oman International Development and Investment Company (Omnivest), has signed deals to fully acquire Royal & Sun Alliance Insurance Middle East, Zawya reports, citing a disclosure. Read more
The UAE is offering a prize money of up to $2 million for startups that can propose cutting-edge agri-tech solutions for food production and management in the country, Zawya reports. Initiated by the UAE Ministry of Climate Change and Environment, Read more
Malta Government Investments (MGI), the Sovereign Fund of Egypt (SFE), and French public investment bank Bpifrance have signed to found the European, Middle East, and North Africa (EMENA) Sovereign Wealth Funds Foundation in Malta, the three said in a statement. Read more
Saudi Arabia has deposited $5 billion at the Central Bank of Egypt (CBE), the kingdom’s press agency SPA has announced. As part of historical solid bonds and close cooperation relations between the Kingdom of Saudi Arabia and the Arab Republic Read more
The Saudi-led coalition battling Iran-supported Houthi rebels said Tuesday it would cease military operations in Yemen today March 30 to help peace efforts by the UN and Gulf Cooperation Council (GCC). This, Arab News reports citing the coalition, comes in Read more
Qatar Fund for Development and The Bill and Melinda Gates Foundation have launched a $200-million initiative to help hundreds of African farmers battle climate change, Doha News reports. Dubbed Nanmo, or “growing together” in Arabic, it was announced during the Read more
The Ministry of Energy and Mineral Resources and USAID-Jordan on Saturday launched a USAID-funded project to support the Kingdom’s energy sector with a value of $40 million over five years, Zawya reports. The fund, according to the Jordan News Agency, Read more