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Qatar has provided the Lebanese army $60 million as part of the Gulf country’s pledge to support the struggling regional country. Emir Sheikh Tamim bin Hamad Al-Thani according to Qatar News Agency, QNA, gave the directives of the gesture. The Read more
The Public Investment Fund (PIF), the sovereign wealth fund of the kingdom of Saudi Arabia has launched AviLease, an aircraft leasing company that will provide leasing, trading and asset management services. The fund in a statement said AviLease will initially Read more
Bahraini King Hamad bin Isa Al Khalifa and visiting Egyptian leader Abdelfattah al-Sisi signed Wednesday a group of Memorandum of understanding (MoU) covering several areas including technology and investment. Al-Sisi travelled to the Gulf country to attend the inauguration of Read more
The Kingdom of Saudi Arabia and Italy have signed a Memorandum of understanding (MoU) to set up a business council between the two countries. Saudi and Italian representatives from the private sector, reports say, discussed investment opportunities in the fields Read more
Singapore-based Olam Agri, the food, feed and fiber operating group of Olam Group, has secured a $745 million financing facility from the UAE banks to refinance existing loans for general corporate purposes, Zawya reports. Abu Dhabi Commercial Bank, First Abu Read more
The Kuwait Interior ministry Tuesday announced the suspension of tourist and family visas until further notice in view of preparing a new mechanism with regulations to organize for visa procedures, reports say. “The move aims to prepare a new mechanism Read more
The World Bank’s Board of Executive Directors yesterday approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to strengthen Egypt’s resilience to food crises and to support reforms Read more
The Ministry of Human Resources and Social Development (MHRSD) signed two agreements with Sierra Leone in the field of recruitment of public and domestic workers, reports say. The agreements aim to set a regulatory framework for all necessary procedures for Read more
Egypt is currently negotiating with Qatar on new investments ranging between $2bn-3bn, Minister of Finance Mohamed Maait announced on Monday, Zawya reports. Maait did not provide details but the announcement comes after Qatar’s ruler Sheikh Tamim al Thani visited Egypt Read more
Kuwait’s Jazeera Airways has secured temporary cash facilities from local banks amounting to 27 million dinars ($88 million) to be used to buy property and equipment and in capital expenses, Zawya reports, citing a statement from the airline. The new Read more