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United Arab Emirates appointed Thursday Khaled Mohamed Balama Al Tameemi as the governor of the country’s Central Bank, replacing Abdulhamid Saeed Alahmadi after only one year into the top job. Al Tameemi has been appointed deputy Central Bank governor in Read more
UAE has pledged to invest $3 billion in Iraq in view of strengthening the economic and investment relations between the two countries, Gulf Business reports. Both countries, on the media notes, made the announcement as Iraqi Prime Minister Dr. Mustafa Read more
Abu Dhabi’s third investment fund, ADQ, has acquired for $740 million Egypt-based Amoun Pharmaceutical Co. controlled by Canada-based Bausch Health Companies Inc. Bausch Health Companies Inc. in a statement Wednesday said it reached a deal with ADQ to relinquish its Read more
Sheikh Hamdan bin Rashid, deputy ruler of Dubai and Finance minister of the UAE, has died at 75, his brother and ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum said Wednesday. “We belong to God and to Him we Read more
UAE will invest in Indonesia with the Asian country’s wealth fund $10 billion under the instructions of Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohamed bin Zayed Al Nahyan, reports say. The investment Read more
Abu Dhabi Crown Prince Mohamed bin Zayed Al Nahyan has pledged to invest $12 million in Israel, Israeli Prime Minister Benjamin Netanyahu has announced. In an interview with army radio early this week, Netanyahu indicated that the Emirati royal told Read more
Qatar early this month sent a shipment of oil to its neighbor UAE for the first time since 2017, the year both countries fell out. Tanker tracking data, according to Bloomberg news website, show early this month, Qatar shipped some Read more
Saudi Prince Abdullah bin Musaad has acquired French second division of Chateauroux for an estimated value of €2.8 million, Arab News reports. Prince Abdullah with the new acquisition is now owner of five football clubs across the world; Sheffield United Read more
FA Holding, a Group based in Bahrain has invested $200,000 in UAE-based and plant-based kid food startup, Sprout FZCO. The fresh investment will be used for retail expansion of products and services, Sprout FZCO said in a statement. Founded by Read more
Officials from UAE and Qatar met Monday for the first time in Kuwait to discuss mechanism for the implementation of the January AlUla Declaration that put an end to years of diplomatic crisis between Qatar and its Gulf neighbors. “The Read more