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Emirates NBD in talks to acquire Lebanese BLOM Bank Egypt

Dubai’s largest bank, Emirates NBD is in early talks with Lebanon’s BLOM Bank which is looking to sell its Egypt-based subsidiary BLOM Bank Egypt. The deal is not certain, the Dubai-based bank said though both sides are still continuing the discussion. The talks came into being after BLOM Bank, reportedly hired CI Capital to advise […]

August 13th, 2020 | Posted in Finance,Headlines | Read More »

Istanbul airport gets first ever global airport health accreditation

Turkey’s Istanbul airport has received world first health accreditation underlining the global airports’ observance of the health protocols. The award, given by the Airports Council International (ACI), works with airports by assessing new measures and procedures introduced as a result of the COVID-19 pandemic. It considers cleaning and disinfection, physical distancing, staff protection, physical layout, […]

August 13th, 2020 | Posted in Headlines,World News | Read More »

Japanese banks sign joint loan to fund Qatar’s biggest mega solar power plant

The Japan Bank for International Cooperation (JBIC) and Mizuho Bank have signed a syndicated bank facility worth $330 million to fund the construction of Qatar’s first mega solar power plant, Japan Times reports. “This loan is expected to contribute to further strengthening of the multilayered economic ties between Japan and Qatar,” JBIC said in a […]

August 13th, 2020 | Posted in Energy,Headlines | Read More »

GCC rallies behind UAE, condemns Turkish threats

The Gulf Cooperation Council, GCC, has condemned Turkish threats to member UAE in the showdown opposing the two countries at the international front, special in Libya. Nayef Al-Hajraf, Secretary General of the council convoyed the message to Turkey’s ambassador, Erdogan Kok, to Saudi Arabia, in a meeting, Arab News reports. Hajraf according to the Saudi […]

August 12th, 2020 | Posted in Gulf News,Headlines | Read More »

China suspends Etihad Airways Abu-Dhabi-Shanghai route over covid-19 contaminations

China’s aviation regulator said Wednesday it would suspend Etihad Airways from operating its Abu Dhabi- Shanghai flight for a week due covdi-19 contaminations. The decision will be reinforced from August 17, Zaywa reports. China is alarmed by a high number of arriving passengers testing positive for the coronavirus. The move is a blow to the […]

August 12th, 2020 | Posted in Gulf News,Headlines | Read More »

Oman sets mid-2021 to launch operations of biggest solar plan

Oman will launch operations of its biggest solar plan, Ibri II, by mid-2021, Trade Arabia reports. The project located in near Ibri, the capital of the Dhahirah Governorate, is currently under construction. Acwa Power, Gulf Investment Corporation (GIC) and Alternative Energy Projects Company are in charge of constructions which began in the second quarter of […]

August 11th, 2020 | Posted in Energy,Headlines | Read More »

Iran shuts down newspaper for challenging government figures on covid-19 pandemic

Iran Monday shut down a private newspaper after the media publish remarks by an expert who challenged government figures on covid-19 pandemic has caused deaths of the 18,616 people in the Islamic republic. Jahane Sanat according to IRNA news agency has been closed citing the media editor-in-chief Mohammad Reza Sadi. The daily attracted wrath of […]

August 11th, 2020 | Posted in Headlines,World News | Read More »

Turkey, third country in the world developing local covid-19 vaccines

Turkey is ranking third in the world behind the US and China to develop locally vaccines and drugs against covid-19, President Recep Tayyip Erdogan has said. Erdogan was speaking at the opening of TUBITAK (Turkey’s Scientific and Technological Research Council) Excellence Centers in the Gebze district of the northwestern Kocaeli province. Turkey has made great […]

August 10th, 2020 | Posted in Headlines,World News | Read More »

Beirut blasts: Lebanon’s Central Bank freezes assets of heads of Beirut port, customs officials

Lebanon’s Central Bank has ordered the freeze of accounts of heads of Beirut port and several individuals including those of Lebanese customs along with five others, in the wake of the Beirut port warehouse blast, Reuters reports. The bank through its special investigation commission for money laundering and terrorism fighting Thursday issued the directive to […]

August 7th, 2020 | Posted in Finance,Headlines,World News | Read More »

Egypt: Plane crash in Gouna Airport leaves 2 pilots dead

Two pilots on board a plane died Thursday after their aircraft, flying over Egypt’s popular Red Sea resort, crashed at Gouna Airport. Mohamed Al-Seroojy, 61, and Akram Al-Hossary, 36 died after their plane crashed, rolling over more than once at landing. Both passengers were on an experimental trial, Middle East Monitor reports. The aircraft belonged […]

August 7th, 2020 | Posted in Headlines,World News | Read More »