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The May-announced tie-up between Saudi British Bank (SABB) and Alawwal will take shape after boards of the two banks green-lighted the $5-billion deal. “The combination of SABB and Alawwal bank will create a powerful banking franchise ready to fuel growth Read more
Total investment of Swiss companies in Saudi Arabia hit $2.91bln, Saudi authorities announced Thursday. Saudi Arabian General Investment Authority (SAGIA) in a statement noted that most of investments came from 94 firms. These Swiss entities according the SAGIA have pumped Read more
Emaar Properties PJSC has debunked Tuesday reports that it will offer future buyers of projects 10-year visa as part of incentives to attract foreign investments. “The issuance of visas falls under the purview of the concerned authorities and Emaar does Read more
Morocco will see returns from a fisheries deal with the EU rise to €52.2 as the two parties concluded negotiations for a new agreement Tuesday in Rabat. The new deal kept unchanged at 128 the number of vessels allowed to Read more
Bank Alkhair has pulled out of Alkhair capital 10 years after getting 75 per cent of the Turkish investment firm. The Bahraini entity, according to Reuters, received approval to transfer its 95.79 per cent shareholding of Alkhair Capital to Ankara-based Read more
Morocco and the European Union agreed on the content of the future sustainable fisheries agreement and its implementation protocol, they said in a joint statement, and according to media reports, the deal will be signed in Rabat on Monday (July Read more
The internationally recognized National Oil Corporation (NOC) Wednesday announced resumption of operation at the country’s four oil terminals after east-based army relinquished control of the ports it seized last month. Khalifa Haftar, head of the so-called Libyan National Army (LNA) Read more
United Arab Emirates (UAE) authorities in charge of security and commodities regulations have instructed companies to report on and freeze assets of nine Iranian individuals and organizations appearing on the country’s terror list. Securities and Commodities Authority has ordered all Read more
Small businesses in West Bank and Gaza will benefit from the support of the European Bank for Reconstruction and Development (EBRD) and the European Union to enable Palestinian private sector create jobs and encourage entrepreneurship. Small and medium-sized enterprises (SMEs) Read more
China’s Ministry of Commerce pledged Thursday to maintain normal ties with Iran amid a large-scale pull out and boycott of the Iranian market over fear of US economic sanctions. The announcement made by the Commerce Ministry spokesman Gao Feng comes Read more