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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
India has exempted Egypt from its ban on wheat exports after heat waves dealt a blow to the crop’s production, reports say. Egyptian Minister of Agriculture Al-Sayed El-Quseir reportedly Sunday told Bloomberg Agency that India’s decision of last week will Read more
King Mohammed VI of Morocco has sent a message of congratulations to Sheikh Mohammed bin Zayed Al Nahyan on his election Saturday President of the United Arab Emirates by the Federal Supreme Council, expressing his confidence that relations between the Read more
Prince Moulay Rachid represented his brother King Mohammed VI in Abu Dhabi in the condolences presentation ceremony of late UAE President Sheikh Khalifa bin Zayed Al Nahyan. Sheikh Mohammed bin Zayed Al Nahyan, President of the State of the United Read more