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Thanks to a direct mediation by the Kingdom of Morocco, under the leadership of His Majesty King Mohammed VI, the Israeli authorities have decided to open, without interruption, the Allenby/King Hussein border crossing, linking the West Bank and Jordan. This Read more
Saudi Arabia announced on Friday it will open its airspace “for all air carriers that meet requirements of the authority for overflying.” The decision was taken “to complement the efforts aimed at consolidating the Kingdom’s position as a global hub Read more
Saipem and Saudi construction company Nasser S. Al Hajri Corporation have signed a deal with Saudi Aramco to set up a new entity in the kingdom to execute onshore engineering, procurement and construction (EPC) projects, Zawya reports. The signatories have Read more
Select Group, a Dubai-based developer, has acquired a luxury hotel in the United Kingdom as part of the company’s diversification and growth strategy. The property, Mere Golf Resort and Spa, is located in the English town of Knutsford. It also Read more
Wefox, a Berlin-based insurtech, has closed a $400 million Series D funding round led by Abu Dhabi Mubadala Investment Company, reports say. Other investors include Eurazeo, LGT, Horizons Ventures, OMERS Ventures, and Target Global, Wefox sells insurance to intermediaries and Read more
The Tunisia-Africa Business Council, TABC, will hold a summit in September in Togo, a West African country considered as an opportunity hub for investors. The Conference, one-off for the West African country, will take place 11-15 September. TABC, in a Read more
The International Committee of the Red Cross (ICRC) will launch an office in Abu Dhabi, the capital of the UAE, following an agreement signed with the Gulf country on Monday. The agreement, Emirates News Agency (WAM) reported, was signed by Read more
In Soweto, southwest of the South African economic capital, police were called shortly after midnight. “When we arrived, we found 12 people dead with gunshot wounds,” said Nonhlanhla Kubheka, a local police officer. A dozen wounded were taken to hospital Read more
Mastercard names Adam Jones for the role of Country Manager for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq. Jones, the company said in a press release, will handle the digital payments firm’s operation. Jones will equally team up with Read more
Oman is planning to pay off 512 million rials ($1.33 billion) of financing this month ahead of its due date as the sultanate benefits from higher oil prices and fiscal and governance reforms, Zawya reports citing state-run Oman News Agency. Read more