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Saipem and Saudi construction company Nasser S. Al Hajri Corporation have signed a deal with Saudi Aramco to set up a new entity in the kingdom to execute onshore engineering, procurement and construction (EPC) projects, Zawya reports. The signatories have Read more
The Kingdom of Saudi Arabia and Italy have signed a Memorandum of understanding (MoU) to set up a business council between the two countries. Saudi and Italian representatives from the private sector, reports say, discussed investment opportunities in the fields Read more
Jamal Hassan Al-Musawi, secretary-general of Oman’s National Museum, has received the Star of Italy, the country’s highest civilian award, Arab News reports. Al-Musawi received the honor from the European country’s Ambassador to Oman Federica Favi at a ceremony in Read more
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
Malta Government Investments (MGI), the Sovereign Fund of Egypt (SFE), and French public investment bank Bpifrance have signed to found the European, Middle East, and North Africa (EMENA) Sovereign Wealth Funds Foundation in Malta, the three said in a statement. Read more
The Sri Lanka Tourism Promotion Bureau has inked an MoU with Dubai-based Emirates to help revive the Southeast Asian country’s trade and tourism industry, Gulf Business reports. Both parties per the agreement will benefit from joint activities to enhance trade Read more
Mubadala, one of Abu Dhabi’s sovereign fund, has signed a memorandum of understanding (MoU) with Fincantieri, the Europe’s largest shipbuilder in Europe to develop innovative projects in the naval, marine and industrial sectors, Trade Arabia reports. Per the agreement, will Read more
Kuwait has received two Eurofighters jets of 28 ordered by the Gulf country, Defense News reports, citing Italy’s aerospace company Leonardo. The two aircraft flew from Italy, where they were assembled, with refueling escort provided by two Italian air force Read more
De Mistura’s appointment, as personal envoy to Western Sahara, is set to be announced in the coming hours, following the approval of the Security Council’s members. UN Secretary General Antonio Guterres initiated negotiations with Security Council members for the appointment Read more
The UAE have extradited Abdelmoumen Ould Kaddour, former boss the state-run energy giant Sonatrach, wanted in Algeria for corruption in two cases. The protégé of ex-leader Abdelaziz Bouteflika arrived Wednesday at Algiers international airport handcuffed, from Dubai. He was arrested Read more