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Kuwait announced Wednesday non-Kuwaitis will no longer be hired in the Gulf country’s Kuwait Petroleum Corporation (KPC) and its subsidiaries for the remainder of the year till next year. Minister of Oil, Acting Minister of Electricity and Water, Khaled Al-Fadhel, Read more
UAE-based Fintech company TPAY MOBILE has acquired Payguru, a leading Turkish digital payment service provider as part of its expansion plan. The value of the transaction has not been disclosed but the Middle East’s leading Merchant Acquirer, Digital Payment Enabler, Read more
The House of Federation, which represents the 9 federated states, voted in favor of this solution despite much criticism from the political opposition as well as from jurists and human rights activists. Abiy Ahmed will continue to lead Ethiopia until Read more
Japan Tuesday offered Tunisia €4 million earmarked for the fight against the covid-19 pandemic. The aid will also be used to bolster Tunisia’s heath sector through the identification of contagious diseases. Tunisia has so far reported 1,087 cases including 982 Read more
Iran has sent to Venezuela a shipment of medical aid to help in the fight against the COVID-19 pandemic after it succeeded to supply the Latin American country with much-needed fuel last month despite US threats. Venezuela’s Minister of Planning Read more
Egypt has abolished covid-19 testing at the country’s airports amid increase in the number of contaminations, reports say. The decision which went into force on the evening of Saturday June 6 seeks to boost resumption of air travel after its Read more
North Carolina-based Bank of America Corp. (BofA) has acquired about 1.51 per cent of Dubai largest bank Emirates NBD for an investment of AED900 million, Arabian Business reports citing an anonymous source. The operation takes as the UAE banking sector Read more
Dubai International Financial Centre (DIFC) has injected funds into four fintech startups, with its fintech fund. The ventures include FlexxPay, a cloud-based B2B FinTech employee benefits platform allowing instant access to earned income; and Go Rise, a start-up building a Read more
Egypt has sent military tanks and helicopters to its borders with Libya after President AbdelFattah al-Sisi backed truce between protégé Khalifa Haftar and UN-backed Government of National Accord (GNA), Defense Blog reports. The Egyptian army has mobilized 18 M1A2 Abrams Read more
Abu Dhabi state fund Mubadala Investment Co has acquired 1.85 per cent of Jio Platforms, Reliance Industries Ltd’s technology platform for an investment of $1.21 billion. The operation brings the total Jio Platforms’ shares sold to 19 per cent after Read more