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UAE and Abu Dhabi-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has secured a deal worth 363 million dirhams ($98.8 million) for a wind farm project in Taiwan, Zawya reports according to a disclosure Read more
Eleven people including nine schoolteachers died in a head-on road crash south of Baghdad as they returned from a Ramadan meal, Iraqi officials announced Saturday, Arab New reports. A police source indicated the crash was caused by speed, adding that Read more
Egypt’s Ministry of Trade Sunday denied the issuance of any decree banning Saudi Arabian exports after the country’s General Organization For Export and Import Control (Goeic) has issued a decree suspending and canceling several companies, brands, and factories exporting goods Read more
Several countries, including Morocco, Saudi Arabia, the UAE, the United States, and international organizations including the United Nations, the Organization of Islamic Cooperation, the Arab League, the European Union and the Gulf Cooperation Council have denounced the raid conducted by Read more
UK-headquartered Standard Chartered Plc has revealed plans to further develop its operation in Egypt and Saudi Arabia, the two largest and fast-growing in the Middle East and North Africa region (MENA), reports say. In a statement seen by Bloomberg, the Read more
Riyadh Chamber and China Foreign Trade Center also known as Canton Fair, have inked today a cooperation deal to enhance and expand commercial, industrial and investment relations through encouraging cooperation among businesspeople and facilitating the realization of mutual interests, Zawya Read more
First Abu Dhabi Bank (FAB) , the UAE’s biggest lender, has withdrawn its offer to buy a controlling stake in Egyptian investment bank EFG Hermes, the bank said in a statement on Thursday, reports say. “After careful consideration and in Read more
The Egyptian Businessmen Association (EBA) is set to submit a proposal to the government to open RUB banking accounts for exporters to Russia, Arab Business reports citing Borsa News. The proposal, EBA Chairman Ali Issa told Borsa News, will be Read more
Shrimp Nation, the largest seafood restaurant chain in Saudi Arabia, plans to open its first branches in the UAE with an investment value of AED 10 million ($2.72 million), Trade Arabia reports. “We are delighted to expand and open branches Read more
King Mohammed VI of Morocco, Commander of the Faithful, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, prayed Tuesday at the grave of the late King Mohammed V, on the occasion of the 10th day of the Read more