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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
Egypt is planning to inaugurate its New Administrative Capital, NAC, before the end of this year after a delay caused by the pandemic. Prime Minister Mostafa Madbouly, reports say, told a cabinet meeting March 08 that government services are set Read more
Oman’s national carrier, Oman Air, has abandoned its plans to upgrade its feet and is rather contemplating a reduction to 36 down from current 50 as part of moves to curb contamination from the pandemic, Bloomberg reports. “Going to 70 Read more
The United Arab Emirates, UAE, has placed an order for two more highly sophisticated surveillance Saab GlobalEye aircraft for a value of $1 billion. The new contract was signed on Dec. 30 but was only announced by the Swedish company Read more
Luxury Entertainment, a joint venture of Al Mohsen Al Hokair Group has launched the two new cinemas in the kingdom which has continued on its modernization plan. The two Cinepolis cinemas, Zawya reports, were on Monday, in Dammam and Jeddah. Read more
Oman expects to raise OMR300m ($779m) in revenue this year as it begins the implementation of 5 per cent of VAT, reports say. The sultanate Friday announced the 2021 budget marked by a 14 per cent drop in spending and Read more
Morocco has acquired 65 million doses of the two anti-covid vaccines it ordered to combat the coronavirus pandemic. These doses will enable the Kingdom to vaccinate 25 million people. The announcement was made by Health Minister Khalid Ait Taleb during Read more
The United Arab Emirates, UAE, and Turkey will shortly resume regular flights between the two countries following several months of suspension owing to the pandemic, reports say. Dubai-based Flydubai according to Bloomberg will restart flights between the Emirati city and Read more
Australia’s Prime Minister Scott Morrison has inaugurated in Sydney the first ever Business Council between his country and the United Arab Emirates, UAE, with aim of boosting bilateral trade and investment between the two countries, reports say. UAE Ambassador to Read more