Leading News Source For Middle East
Qatar Fund for Development has donated 1 million euros for the reconstruction of eight children football fields in Germany that were damaged last year by heavy floods. The sports infrastructures, Doha News reports, were put out of operation in the Read more
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, Vice President and Prime Minister of UAE, has issued a decree dissolving the “Tribunal to Decide the Disputes Related to the Settlement of the Financial Position of Dubai World and its Read more
The Egyptian petrochemicals company ECHEM has signed a memorandum of understanding (MoU) with Riga Green; a UAE-based company, for the production of algae oil, a statement from the Egyptian Petroleum ministry has revealed. Algae oil is used in producing aircraft Read more
Alpha Dhabi Holding, an Abu Dhabi-based investment company, will invest 9.2 billion dirhams ($2.5 billion) in Alpha Wave Ventures II; a venture fund which focuses on financial tech, artificial intelligence, life sciences, consumer internet, and B2B. With the investment Alpha Read more
United States will slash its economic assistance to Tunisia next year over the authoritarian path taken by authorities, said Samantha Power, the Administrator of the United States Agency for International Development (USAID). The US diplomat has not indicated the amount Read more
The head of Kuwait’s Federation of Domestic Labor Recruitment Offices said the salary of new Ethiopian domestic workers in Kuwait will be set around 90 dinars ($293) per month amid talks about labor agreement between the two countries, Addis Standard Read more
HSBC has unveiled a Female Entrepreneur Fund (“Fund”), which will provide US$1bn in lending to female-owned businesses over the next 12 months across several markets including Egypt. The bank in a statement said the fund aims to break down the Read more
Turkey’s $20-billion plant project, the first ever by the country, is being threatened as Western sanctions heap up on Russia over its invasion of Ukraine. Operations of the first reactor of the Akkuyu Nuclear Power Plant, located on the Mediterranean Read more
The Egyptian government has signed a memorandum of understanding (MoU) with Energy3 International (E3i) for the establishment of a solid waste treatment and recycling plant in the governorate of Fayoum, Arab Finance reported citing official statement. E3i, under the deal, Read more
Iraq will build a 750 MW solar power plant in the Southern Muthanna Governorate to cater for growing domestic demand according to the media citing the Electricity Minister. “We have decided to support Muthanna Governorate with a new solar power Read more