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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
Saudi Arabia’s Aramco and world’s largest oil exporter has acquired 7.5 per cent of Norwegian industrial software group Cognite in return for investment estimated at about $113 million. The Saudi energy giant takes full control of oil firm Aker BP’s Read more
The Kuwaiti Sovereign Fund also known as the Kuwait Investment Authority (KIA), has remained world’s third largest sovereign funds with assets on the increase, about $45 billion, reports say. The new ranking by The International Institute for Global Sovereign Funds Read more
The U.S and European Union Tuesday warned the Sudanese military against the appointment of one its own as Prime Minister as civil Premier Abdallah Hamdok resigned amid protests against the junta, reports say. US, Britain and Norway and the EU Read more
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 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
DNO Oman Block 8 Limited, the subsidiary of the Norwegian firm DNO ASA has handed over its stakes in the operation and participation of Block 8 to the Sultanate of Oman’s Ministry of Oil and Gas (MOG) and state-owned Oman Read more
Norway and Sweden contributed an additional total amount of $18.5 million to the Palestinian Partnership for Infrastructure Development Multi-Donor Trust Fund (PID fund) administered by the World Bank. The funds contributed by the Swedish International Development Cooperation Agency (Sida) amount Read more
The Organization of Islamic Cooperation (OIC) has committed $9 billion in funding in the Lake Chad region, which is suffering from the drop in water levels and attacks attributed to the terrorist group Boko Haram. The announcement was made during Read more
The UAE has been ranked at the world’s largest donor of developmental aid relative to its national income, the Organization for Economic Cooperation and Development (OECD) said in a recent report. The UAE donated aid worth $4.24 billion in 2016, Read more