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The sultanate of Oman is planning to build a “metro” that will serve its capital Muscat and tackle road traffic jams due to a rapid rise in its population, Zawya notes citing a government official. Ibrahim Al-Waeli, Director of strategic Read more
Baladna QPSC, Qatar’s largest locally-owned food and dairy producer, has acquired 5 per cent in Egypt’s Juhayna Food Industries in return for a total investment of $18.4 million. The company in a statement to the Qatar Stock Exchange (QSE), Zawya Read more
The board of directors at the Central Bank of the UAE (CBUAE) on Wednesday approved a new Emiratisation plan for managerial positions in the banking and insurance sectors in the UAE, Gulf Business reports, citing state-run news agency WAM. The Read more
Noon.com, the Middle East’s leading digital e-commerce platform, has opened its largest warehouse space in Riyadh, Saudi Arabia, as part of its ongoing expansion of the logistics and fulfillment network in the Kingdom, Trade Arabia reports. The warehouse named Customer Read more
The US State Department has approved Kuwait’s request for US design and construction expertise for its Defense ministry complex valued at $1 billion, Middle East Monitor (MEMO) reports. The Defense Security Cooperation Agency (DSCA), MEMO notes, indicated in a press Read more
Saudi Arabia’s Public Investment Fund, PIF, has opened three new subsidiary companies’ offices in London, New York and Hong Kong in line with its global expansion plans, reports say. The fund in a statement indicated that new subsidiary companies’ offices Read more
Abu Dhabi-based conglomerate International Holding Company (IHC) has acquired 70 per cent in Arena Events Group PLC for AED 239.8 million dirhams ($65 million), Zawya reports. Syed Basar Shueb, CEO and Managing Director of IHC commenting on the transaction, indicated Read more
The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative led by the UAE and the US with the support of over 140 government and non-government partners has unveiled plans to double its investment commitment to $8 billion Read more
Qatari Prince Abdullah bin Khalifa al-Thani has sold for €200 million ($305 million) his mansion in the French capital to French billionaire Xavier Niel, in a transaction deemed one of the largest ever transactions for private property in the French Read more
Kuwait Airways has increased the number of planes it plans to purchase from Airbus to 31 from 28, the chairman of the company told, Zawya reports. Ma’an Razoq told a news conference in Kuwait City the order includes nine Airbus Read more