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The US Treasury Department Tuesday sanctioned seven Lebanese tied to the powerful Hezbollah group and its financial arm, Arab News reports. The six of the seven people according to the Treasury Department were the group’s “shadow bankers,” who used the Read more
Qatar will host in the December this year FIFA Arab Cup, a tournament grouping Arab countries in the Middle East and North Africa, in preparation for the FIFA World Cup which the country is set to stage next year. The Read more
King Mohammed VI of Morocco, Supreme Commander and Chief of General Staff of the Royal Armed Forces (FAR), has ordered the shipment of foodstuff aid to the Lebanon armed forces and the brotherly Lebanese people, as a personal royal donation Read more
First Abu Dhabi Bank, UAE’s largest bank, is set to acquire Bank Audi Egypt, a private financial institution in the North African country. FAB Egypt CEO Mohamed Abbas Fayed broke the news to Al Mal News adding that the transaction Read more
Oman Monday said only citizens and residents will enter the country from April 8 in view of curtailing the increase in the number of Covid-19 cases. The Supreme Committee to deal with the pandemic, Times of Oman notes, said it Read more
Lebanese defense minister Zeina Aker Sunday issued an indefinite ban on firearms licenses amid fears that escalating popular protests could descend into armed conflict, Middle East Monitor, MEMO, reports. The caretaker minister’s directive will take effect from Monday but will Read more
Oman has banned travelers from 10 countries from entering its territory for a period of 15 days as part measure to curb the spread of the Covid-19. Gulf state’s coronavirus committee, Zawya reports, announced the directive noting that the move Read more
French insurance giant AXA Group announced it has relinquished its Gulf region operations to GIC Gulf Insurance for $290 million as it moves to slim its activities. The transaction will enable GIC Gulf Insurance to take control of Axa Gulf Read more
Syria has announced the death of its foreign minister and faithful to embattled President Bashar al-Assad. Walid al-Moalem, 79, according to the Syrian government died today Monday and will be buried later on Monday in Damascus. The Syrian government did Read more
German online food delivery giant Delivery Hero has announced the acquisition of Dubai-based grocery delivery platform InstaShop in a deal valued at $360 million. NiklasÖstberg, CEO and Co-Founder of Delivery Hero in a statement indicated that the deal will spur Read more