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The Arab Fund for Social and Economic Development (AFESD) is expected to sign an agreement with one of the Egyptian banks to finance SMEs with $30 million, Arab Finance reports. The future new funding comes on top of the ongoing Read more
The Abu Dhabi National Exhibitions Company (ADNEC), a subsidiary of state holding company ADQ, has acquired Etihad Holidays, the destination and leisure management arm of Etihad Airways, Zawya reports. The transaction, ADNEC is a statement said, will expand its footprints Read more
King Hamad of Bahrain has handed an invitation letter to Pope Francis to visit the Gulf country, Arab News reports citing the State news agency of kingdom, BNA. The invitation, Saudi media notes, was delivered by Sheikh Khalid bin Ahmed Read more
The General Confederation of Moroccan Enterprises (CGEM) will organize an economic mission to Tel Aviv, December 12-15, on the sidelines of the launch by RAM of the new air route connecting Casablanca to Tel Aviv. The Moroccan delegation, which will Read more
Libya’s electoral body, High National Elections Commission (HNEC), has invalidated the candidacy of Saif al Islam Gaddafi, the son of former leader Muammar Gaddafi, for failing to meet requirements. The HNEC published Wednesday list of 75 candidates vetted for the Read more
The Central Bank of the Republic of Turkey (CBRT) and the Central Bank of the United Arab Emirates (UAE) signed cooperation agreement between the two institutions on the sidelines of Abu Dhabi Crown Prince Mohammed bin Zayed’s visit to Ankara Read more
Israel’s Deputy Prime Minister and Minister of Defense, Benjamin Gantz, was received on Wednesday in Rabat, upon High Royal Instructions, by the Minister Delegate to the Head of Government, in charge of the National Defense Administration and by the Lieutenant Read more
The world’s largest oil exporter and Saudi Arabia’s largest company, Aramco, has joined investors in funding China’s brain-computer interface platform, NeuraMatrix, Arab News reports. NeuraMatrix, has closed $15.6 million Series A financing round led by Huagai Capital and Prosperity7 Ventures, Read more
Egypt’s Financial Supervisory Authority (FSA) has approved Abu Dhabi-headquartered Aldar Properties’ bid to acquire real estate developer SODIC, Zawya reports citing the Emirati Company. Aldar Properties made the offer to acquire 90 per cent of Al Sheikh Zayed City-based Company Read more
The Bahraini ministry of Interior Monday said it had arrested a gang of armed terrorists it said were linked to groups in Iran, the country’s news state-run news agency reported. “As part of efforts to protect national security, a proactive Read more