Saudi Arabia unveiled new military base south Riyadh

The Saudi Minister of the Saudi National Guard Prince Abdullah bin Bandar, on Monday, inaugurated the National Guard Air Base in Dirab, south of the capital, Riyadh, Arabe News reports citing the ministry. The base, according to the President of Read more

Dubai, world’s most popular destination in 2022 – Tripadvisor

Travelers around the world clients of US travel firm Tripadvisor have nominated Dubai the most popular destination in 2022. The UAE’s emirate and city won Wednesday the Tripadvisor’s first Travellers’ Choice Awards for Destinations – The Best of the Best Read more

First SPAC in Egypt to start next month

Egypt’s first Special-purpose acquisition companies (SPAC) will start operating next month, 90 days after the government gave the go-ahead. “At the end of this month or early next month, we will have the first blank check company,” Mohamed Omran, Chief Read more

Iran stations diplomats in Jeddah after six-year hiatus

Three Iranian diplomats have taken office in the Saudi city of Jeddah, becoming the first Iranian officials to be posted in the Gulf country by the Islamic republic after six years of the diplomatic row. The diplomats will work in Read more

Morocco strongly condemns despicable Houthi attack on UAE

Morocco has strongly condemned the despicable attack perpetrated by the Houthi militias and their backers against the Musaffah region and the Abu Dhabi airport in the United Arab Emirates. In a phone talk this Monday with Sheikh Mohamed bin Zayed Read more

Abu Dhabi-headquartered Sweihan PV Power Co lands over $700m via green bonds to refinance debts

Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more