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Abu Dhabi sovereign wealth fund Mubadala has joined US real estate developer Crow Holdings in creating a joint venture to build or acquire $1 billion of industrial properties across the US, reports say. The Dallas-based firm is a leading national Read more
Saudi and Riyadh-headquartered storage and delivery startup Diggipacks has acquired shares in its Egyptian counterpart FWRUN and will expand its business in the country, Arab News reports, citing a statement from the company. Per the acquisition, both companies will exchange Read more
Seattle-based logistics giant Amazon opened Tuesday in Egypt its first logistics center in Africa as part of the efforts to expand its footprint in the Arab republic and increase investment in the country’s infrastructure, advanced technology and e-commerce sectors. The Read more
The Iraqi army launched Tuesday a military operation to secure its borders with Syria, an area which recently witnessed attacks by the Islamic state group. Hamid Al-Husseini, commander of the Iraqi Border Guards, reports say, indicated that operation, code-named “Revenge Read more
Turkish President Recep Tayyip Erdoğan laid Monday foundation for the country’s Pentagon; a new headquarters of the defense and armed forces. The complex, tentatively named “Crescent Star,” will house the ministry, now led by former Chief of General Staff Hulusi Read more
Sierra Leone has inaugurated Monday its Consulate General in the Sahara city of Dakhla and installed Ms. Zainab Candy as the head of the consular representation. The inauguration of the Consulate comes just few days after Freetown opened an embassy Read more
David Francis, Minister of Foreign Affairs and International Cooperation of Sierra Leone, announced on Thursday in Rabat that his country will open a consulate general in Dakhla, in the southern provinces of Morocco. During a joint press briefing with the Read more
Chinese Prime Minister Li Keqiang in a correspondence with his Syrian counterpart Hussein Arnous indicated that Beijing to support Syria in combating the coronavirus pandemic, improving the livelihood of its people and accelerating reconstruction, Middle East Monitor (MEMO) reports. Keqiang Read more
Morocco has taken note of the unilateral decision of Algerian authorities to sever diplomatic relations with the Kingdom Morocco as of this Tuesday, says the Foreign Ministry in a statement. “Morocco fully deplores this unjustified though expected decision,” the Foreign Read more
The consortium of Chinese investors who had agreed to buy a majority stake in an expressway project in Turkey is looking to terminate the deal after failing to agree on the terms of the transaction, Zawya reports. The disagreement, the Read more