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UAE-based Oman Insurance has acquired the life insurance portfolio of Italian insurer Assicurazioni Generali in the UAE, Zawya reports. Oman Insurance said in a statement on Monday said it landed the acquisition of Assicurazioni Generali in the Gulf country adding Read more
Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan revealed Monday the kingdom’s plan to mediate between Russia and Ukraine caught in a conflict after Russian President launched last month a military invasion to denazify the former soviet country. Read more
Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, Reuters reports citing venture capital firm Global Ventures, a partner in the fund. Global Ventures, which focuses on Read more
Egypt Sunday hosted political consultations with Saudi Arabia on bilateral relations and regional issues as ways to boost their ties, Daily News Egypt reports. The talks, the media notes, dealt with a number of regional and international files of mutual Read more
Spain said, as part of a new era in bilateral ties, it is committed to respecting Morocco’s “sovereignty and territorial integrity,” and described Morocco’s autonomy plan for the Sahara as the most serious, realistic and credible solution for the Sahara Read more
Dubai-based global port operator DP World announced on Wednesday that it has closed a deal to acquire Imperial Logistics in South Africa – an operation that expands the company’s footprints in Africa. The transaction was completed on March 14, the Read more
Saudi Arabia’s sovereign wealth fund, Saudi Public Fund, will set up a public fund in Egypt per an agreement signed with the Arab republic, amid Cairo’s search for financial support from Gulf countries. The deal was signed Thursday in Cairo Read more
Kuwait has reported 25 suicides this year underlining an increase by 50 per cent over the past two years. The majority of those who committed suicide in the last 70 days, reports say, were Asians; those in the age group Read more
The International Finance Corporation (IFC), a member of the World Bank Group, announced Wednesday the investment of $5 million a new venture capital fund from Disruptech Ventures to support development in Egypt’s fintech sector and help expand access to financial Read more
Several human rights NGOs and civil society activists have renewed their condemnation of the continued use of children as child soldiers by the Polisario and denounced Algeria as responsible for the human rights violations affecting children under the separatist militias Read more