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The Central Bank of Egypt (CBE) has signed a memorandum of understanding with Dubai Financial Services Authority (DFSA) on cooperation in the field of supervising markets. The memorandum was signed by CBE Governor Tarek Amer and CEO of DFSA Read more
Egypt’s national football team captain has donated $3 million for the reconstruction of Cairo’s cancer institute after a terror attack destroyed a part of the hospital. Dr Mohamed Osman Elkhosht, President of Cairo University told dmc in an interview that Read more
Saudi Arabia and the United Arab Emirates have begun supplying Sudan with 540,000 tons of wheat as part of $3-billion pledge made to alleviate the country’s financial and economic situation. Of the 540,000 tons, 280,000 tons have already been delivered, Read more
Armed groups affiliated with Al Qaeda and ISIL terror groups appear to have intensified their activities in Yemen, Ravina Shamdasani, a spokesperson for the UN Human Rights Office (OHCHR) declared on Tuesday, describing the situation as an example of “deeply Read more
Mezzan Holding, a major food, beverage and healthcare products manufacturer and distributor in the Gulf region, said Tuesday it acquired 67 per cent of stakes of Kuwait-based KSPICo, a Kuwaiti Saudi Pharmaceutical Industries Company. The deal cost Mezzan Holding $69 Read more
July had seen another “devastating week” for children living through conflict and instability in the Middle East and North Africa, with killings and other violent acts committed against them, on a daily basis. This sobering assessment was delivered on Friday Read more
The United Arab Emirates (UAE) will invest about $2 billion in the Angolan economy, the Macauhub news agency reported. The announcement was made by Ahmed Dalmoor Al Maktoum, head of the Ameri Group LLC conglomerate and one of the influential Read more
The UAE has pledged to create 2,000 jobs in the next 100 days in its electricity and energy sectors, as part of its Emiratization of the job markets dominated by foreign skills. The talents to fill the future positions will Read more
South Africa has removed visa requirements for seven countries including Saudi Arabia, the United Arab Emirates (UAE) and Qatar in a move to boost business and tourism. The visa waiver will enable holders of the three Gulf countries’ passports to Read more
The UN Secretary-General Antonio Guterres announced on Thursday that he would establish an internal UN Headquarters Board of Inquiry to investigate a series of incidents that have occurred in northwest Syria since last September, when Russia and Turkey signed the Read more