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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
Saudi Arabia’s Justice Minister and chairman of the Saudi Bar Association (SBA) Dr. Walid Al-Samaani has issued an order appointing five members, including a woman, to the third session of the board of directors of the association, for the first Read more
Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan revealed Monday the kingdom’s plan to mediate between Russia and Ukraine caught in a conflict after Russian President launched last month a military invasion to denazify the former soviet country. Read more
Egypt Sunday hosted political consultations with Saudi Arabia on bilateral relations and regional issues as ways to boost their ties, Daily News Egypt reports. The talks, the media notes, dealt with a number of regional and international files of mutual Read more
Saudi Arabia’s sovereign wealth fund, Saudi Public Fund, will set up a public fund in Egypt per an agreement signed with the Arab republic, amid Cairo’s search for financial support from Gulf countries. The deal was signed Thursday in Cairo Read more
Saudi Arabia’s Ministry of Investment has signed a Memorandum of Understanding (MoU) with US retail giant Amazon to develop the kingdom’s e-commerce sector, Zawya reports. The deal is in line with the Gulf country’s efforts to build local capabilities and Read more
Saudi Arabian oil giant Aramco will invest in the development of a major integrated refinery and petrochemical complex in Northeast China, Zawya reports. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Read more
AG Café has announced plans to open 110 more branches of Tim Hortons in Saudi Arabia by 2024, taking the total number of stores across the country to 200, Zawya reports. The company runs 190 stores, in total across the Read more