India keeps Egypt on shortlist of countries for wheat export after heat wave impact

India has exempted Egypt from its ban on wheat exports after heat waves dealt a blow to the crop’s production, reports say. Egyptian Minister of Agriculture Al-Sayed El-Quseir reportedly Sunday told Bloomberg Agency that India’s decision of last week will Read more

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

Egypt targets Latin America, Asia tourism markets

Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt 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

Saudi dairy giant Almarai takes full control of Modern Food Industries

Saudi dairy giant Almarai Co. Has, through its subsidiary Western Bakeries Co., acquired 25 percent of Modern Food Industries, becoming the full owner of the Indian company. Almarai will inject an additional $67 million into the company. Through this acquisition, Read more

Abu Dhabi-based Chimera Capital partners with Alpha Wave to lead $10bn tech fund

Abu Dhabi-headquartered investment firm Chimera Capital has joined global alternative asset manager Alpha Wave in leading a $10 billion tech fund, Arab News reports citing Bloomberg. The fund, Bloomberg notes, will have a global remit but with a concentration on Read more

IFC teams up with Dubai-based Tabreed to invest $400 million in India over next five years

International Finance Corporation (IFC), a member of the World Bank Group, will set up a joint venture with Dubai-headquartered Tabreed to invest $400 million in India over the next five years, Zawya reports. Both sides, media notes, signed partnership agreement Read more