Leading News Source For Middle East
Investment Holding Group (IHG), a Doha-based Investment Management company, is mulling plans to acquire Elegancia group, a business supplies and equipment conglomerate also located in the Qatari capital. IHG’s board of Directors, Zawya notes, indicated to the Qatar Stock Exchange Read more
Qatar sent Wednesday aid support valued at around USD 711,747 for 15,000 needy families in three Tunisian governorates, for the month of Ramadan, Webdo Tunis reports. The aid, the media notes, will be distributed respectively to 4,000 families in Tozeur, Read more
The African Development Bank, AfDB, Tuesday announced Tuesday a credit line of €145 million for Egypt to help enhance operational safety and to increase network capacity on national rail lines, The New Arab reports. “The planned upgrades are expected to Read more
The Board of Directors of Abu Dhabi-based Agthia Group, a company operating in food and beverages, has approved the acquisition of majority stakes in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products, Zawya reports. The board Read more
Kuwait’s sovereign wealth Fund also known as Kuwait Investment Authority (KIA) is planning to makes investment in five companies operating in Egypt, in next coming two years, reports say. Ahmed El-Khatib, Chief Investment Officer at Ekuity Holding, KIA investment arm Read more
Morocco’s General Directorate of Territorial Surveillance (DGST) handed France essential information about a French woman of Moroccan origin, who was plotting a terrorist attack in a church. The data enabled France to prevent the attack, a statement from the spokesperson Read more
Saudi Sports Company, Saudi Arabia’s media company signed a three-year contract with Asian Football Confederation to get the exclusive media rights for the confederation’s competitions between 2021 and 2024. The company will broadcast in the kingdom, all major AFC national Read more
Oman Monday said only citizens and residents will enter the country from April 8 in view of curtailing the increase in the number of Covid-19 cases. The Supreme Committee to deal with the pandemic, Times of Oman notes, said it Read more
Faragalla Group, an Egyptian private Food and Beverages giant, will set up by the end this year two plants in Sudan and Rwanda as part of the company’s expansion plan. Mohamed Farag Amer, chairman of the group told, Arab Finance Read more
The number of diplomatic representations set up in the Moroccan Sahara city of Dakhla has been strengthened by the inauguration this Monday of Senegal’s General Consulate. Senegal has joined the club of African and Arab countries that have tangibly materialized Read more