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Russia’s largest leasing company GTLK has recently opened its third overseas office in Dubai to serve the Middle East and Africa. Controlled by the Russian government represented by the ministry of transport, GTLK leases air, water and rail transport, automotive Read more
Morocco is moving on a fast track development after joining the high-speed rail club. This achievement gives the country more confidence and all the motivations to look with pride and upbeat to the future. On Saturday, King Mohammed VI launched Read more
Dubai Holding is on the verge of acquiring minority equities in Azadea Group based in Beirut, Lebanon and which operates Zara clothing and Virgin Megastore chains in the Middle East, Bloomberg reports citing sources who were not allowed to speak Read more
Manama-based alternative investment products firm, Investcrop, has said it acquired five industrial units in Scotland for a $14.6 million investment as part of its expansion strategy across Europe. The entity said it bought 200,000-sq-ft industrial units comprising several sectors including Read more
The United States will invest about $200 million in Egypt by the end of 2018, according to the Chief of the US Mission in Egypt. Thomas Goldberger made the statement at the US Chamber of Commerce conference in Cairo on Read more
The UN Humanitarian Coordinator for the occupied Palestinian territory, Jamie McGoldrick, has been describing how ordinary Gazans are scraping by on just four hours of electricity per day due to fuel shortages, putting many in “a terrible situation” as the Read more
“Davos in the desert” investment summit is expected to go ahead in capital Riyadh Tuesday as planned despite the boycott of the event by world leading entities and western government officials over call for transparency in investigations into the death Read more
Bahrain will receive before the end of this year, $2 billion from Saudi Arabia, UAE and Kuwait as part of the $10 billion pledged by the three regional allies to help the tiny kingdom avoid a debt crisis. Two unnamed Read more
Saudi-based Islamic Development Bank (IsDB) has announced plans to establish next year two funds for a combined value of $1 billion to help upgrade infrastructure in Africa and Asia; two regions where most of the bank’s members are located. The Read more
Jordan Thursday received $1 billion in form of aid package from Saudi Arabia, United Arab Emirates (UAE) and Kuwait to support its lame-duck economy. Finance ministers of the three regional donors signed the agreements with Jordan on Thursday in capital Read more