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The Dubai-based group Al-Futtaim has decided to multiply nearly two-fold its investment in Cairo Festival Mall from an original investment ranging between $850.8 and $964.2 million. The revaluation has been announced by the group managing director Ashraf Ezzeldin at a Read more
Gaddafi’s son Saif al-Islam will run for this year’s presidential elections to “re-construct the country for the benefit of all Libyans”, a member of his campaign team said from neighboring Tunisia on Monday. Saif will run under the banner of Read more
State-run oil Oman Petroleum Development (PDO) has announced the discovery of a giant gas reservoir whose potential will boost the country’s economy and sustainable growth. The new find located in the Mabrouk gasfield, in the Garif formation in northern Oman, Read more
The European Bank for Reconstruction and Development has expressed its readiness to help Lebanon address its socioeconomic challenges and alleviate pressure exerted on the country’s infrastructures due to refugee influx. “Lebanon is a country of immense potential and crucial for Read more
Crown Prince Mohamed bin Salman said in an interview with US-based CBS Sunday that Saudi Arabia annually loses around $20 billion because of graft practices and that the November purge directed at top officials and business tycoons was necessary. An Read more
The Turkish embassy in the Danish capital Copenhagen was attacked early Monday with Molotov cocktails, local police said adding that no suspect has been arrested yet. Copenhagen Police spokesperson, Torben Madsen told Reuters that the building was empty at the Read more
The Israeli police arrested last month a French driver working at the French consulate in East Jerusalem, suspected for using the mission’s vehicles, with diplomatic number plates, to smuggle weapons on several occasions from Gaza to the West Bank. The Read more
Hamas movement, ruler of Gaza, has closed down the office of Palestinian-Qatari cell phone service provider Wataniya Mobile over claims that the company, which is a subsidiary of Qatar’s Ooredoo, failed to cooperate in the investigation on the assassination attempt Read more
A senior official of the Shia rebel group fighting the internationally recognized Yemeni government has denied recent reports that his group has entered into dialogue with Saudi Arabia to end the war. Saudi Arabia is leading an international coalition that Read more
Populations in the Gaza Strip fear for the worst as rivalries between the enclave ruler Hamas and Fatah in the West Bank have resumed, the two sides trading blames following the assassination attempt on Palestinian Prime Minister Rami Hamdallah last Read more