Qatar among top 10 countries for entrepreneurs

Qatar has made its entry among the world’s leading countries for entrepreneurs per the 2020 assessment index for 50 countries around the world by Global Entrepreneurship Monitor (GEM). GEM’s National Entrepreneurship Context Index (GEM NECI) ranks the Gulf country 9th Read more

Veteran CEO of Doha Bank resigns after 15 years of service

Raghavan Seetharaman, the veteran CEO of Doha Bank has resigned after 15 years of service at one of the biggest commercial banks in Qatar, Zawya reports. It is unclear why the Indian man has resigned as the bank did not Read more

UAE’s biggest lender FAB sells 60 per cent shares in Magnati to Canada’s Brookfield Business Partners

UAE’s biggest lender First Abu Dhabi Bank (FAB) has sold a 60 percent stake in its payments firm, Magnati, to Canada’s Brookfield Business Partners, Zawya reports. The transaction will bring to the Abu Dhabi-based bank around $690 million. FAB will Read more

Turkey refrained from expelling western diplomats after secret deal with U.S – Middle East Eye

Turkey has reverted plans to expel 10 foreign diplomats including US envoy after a secret deal with US officials that the envoys will re-commit to non-interference into Turkey’s internal affairs, Middle East Eye (MEE) reports. Turkish President Recep Tayyip Erdogan Read more

UAE ranks second on Global Finance magazine’s index world’s es

UAE is the world’s second safest country in 2021 Global Finance Magazine has reported. The index which takes into account three fundamental factors – war and peace, personal security, and natural disaster risk, hails the Gulf country’s efforts to curb Read more

Moroccan-U.S. Drill ‘African Lion 2021’, to be Conducted on June 7

Following the high instructions of Moroccan King Mohammed VI, Supreme Commander and Chief of General Staff of the Royal Armed Forces, the joint Moroccan-US exercise “African Lion 2021” will take place on June 7-18, 2021, in the regions of Agadir, Read more

Abu-Dhabi’s ADQ acquires Egypt-based Amoun Pharmaceutical Co. from Bausch Health Cos.

Abu Dhabi’s third investment fund, ADQ, has acquired for $740 million Egypt-based Amoun Pharmaceutical Co. controlled by Canada-based Bausch Health Companies Inc. Bausch Health Companies Inc. in a statement Wednesday said it reached a deal with ADQ to relinquish its Read more

Dubai-based DP World & Caisse de dépôt et placement du Québec (CDPQ) to inject further $4.5bn in investment platform

Dubai-based, global infrastructure-led supply chain solutions provider, DP World and its Canadian partner Caisse de dépôt et placement du Québec (CDPQ) Wednesday confirmed their plan to increase their investment platform with $4.5 billion. The commitment will bring the total size Read more

Canada greens light defense equipment exports to Saudi Arabia on hold over Khashoggi’s murder & human right concerns in Yemen

Canada has lifted the ban defense equipment to Saudi Arabia in place after the assassination of Jamal Khashoggi and concerns over the kingdom criticized campaign in Yemen as the country’s top diplomat noted that they have received significant improvement to Read more