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UK-headquartered Standard Chartered Plc has revealed plans to further develop its operation in Egypt and Saudi Arabia, the two largest and fast-growing in the Middle East and North Africa region (MENA), reports say. In a statement seen by Bloomberg, the Read more
Riyadh Chamber and China Foreign Trade Center also known as Canton Fair, have inked today a cooperation deal to enhance and expand commercial, industrial and investment relations through encouraging cooperation among businesspeople and facilitating the realization of mutual interests, Zawya Read more
Saudi monarch King Salman has instructed Saudi Arabia’s humanitarian charity to provide urgent medical and shelter aid worth $10 million to Ukrainian refugees who have fled to neighboring countries, mainly Poland, Arab News reports. “King Salman directs KSrelief to provide Read more
Shrimp Nation, the largest seafood restaurant chain in Saudi Arabia, plans to open its first branches in the UAE with an investment value of AED 10 million ($2.72 million), Trade Arabia reports. “We are delighted to expand and open branches Read more
Gulf insurer National Life and General Insurance Company (NLGIC), a subsidiary of investment holding firm Oman International Development and Investment Company (Omnivest), has signed deals to fully acquire Royal & Sun Alliance Insurance Middle East, Zawya reports, citing a disclosure. Read more
Saudi Arabia has deposited $5 billion at the Central Bank of Egypt (CBE), the kingdom’s press agency SPA has announced. As part of historical solid bonds and close cooperation relations between the Kingdom of Saudi Arabia and the Arab Republic Read more
The Saudi-led coalition battling Iran-supported Houthi rebels said Tuesday it would cease military operations in Yemen today March 30 to help peace efforts by the UN and Gulf Cooperation Council (GCC). This, Arab News reports citing the coalition, comes in Read more
Qatar will invest $5 billion into the Egyptian economy in unspecified sectors, the government of the Arab republic has said a statement. Statement came following a meeting on March 29th in Cairo between the Egyptian Prime minister Mostafa Madbouli and Read more
The Kuwait Fund for Arab Economic Development has signed a loan agreement with GCC Interconnection Authority (GCCIA) for 35 million dinars ($115 million), Zawya reports citing Kuwaiti state agency, KUNA. The purpose of the loan has been revealed however GCCIA Read more
A future land bridge under study to connect the western and eastern parts of the kingdom of Saudi Arabia will cost $26 billion, reports say, citing the Gulf country’s minister of Transport and Logistics. “The land bridge project is considered Read more