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Saudi Arabia retained for nine straight months until August its position as China’s top crude supplier, Reuter reports. Saudi oil arrivals surged 53 percent from a year earlier to 8.06 million tons, or 1.96 million barrels per day (bpd), data Read more
Chinese ride hailing app Didi will start operating in Egypt next week from the city of Alexandria with expansion to other cities in the plan. The company, reports say, is in the process of hiring drivers, with promises not to 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
China and Egypt have agreed to establish an intergovernmental cooperation committee in view of deepening bilateral ties, reports say Monday following China’s top diplomat visit to Cairo. Wang Yi and his Egyptian counterpart Sameh Shoukry signed Sunday the deal adding Read more
Prosperity7 Ventures, the investment vehicle of Saudi Arabia’s largest state-run company has invested in Chinese medical rehabilitation robot firm Fourier Intelligence as part of the startup’s Series C+ funding round, Zawya reports citing the Chinese company. “All proceeds will go Read more
His Majesty King Mohammed VI chaired this Monday July 5, 2021 at the Royal Palace of Fez, the ceremony of launching and signing of agreements related to the project of fill-finish manufacturing of the anti-Covid19 vaccine and other vaccines in Read more
Russian state-run energy company Rosneft has begun promotion of the Northern Sea Route through which it hopes to begin in 2024 its massive Vostok Oil project as the alternative to the Suez Canal which was closed to traffic for days Read more
Dubai’s international airport has been booted out of world’s 10 top busiest airports, Airports Council International (ACI) 2020 report shows. Ranked third in 2019 report after posting double-digit percentage traffic growth for years, the Emirati airport, is out of the Read more
Oman and China have agreed to improve bilateral cooperation between the two countries including the creation of free trade zone talks with other Gulf Cooperation Council member states, Middle East Monitor, MEMO, reports. The two countries, media outlets also noted, Read more
Former President Mohamed Ould Abdel Aziz, along with a dozen other people, were charged with corruption on Thursday, March 11. A lawyer for the former Mauritanian president told RFI. The defendants left the judge’s chambers free, but were placed under Read more