Leading News Source For Middle East
The Egyptian petrochemicals company ECHEM has signed a memorandum of understanding (MoU) with Riga Green; a UAE-based company, for the production of algae oil, a statement from the Egyptian Petroleum ministry has revealed. Algae oil is used in producing aircraft Read more
King Mohammed VI of Morocco has sent a message of congratulations to Sheikh Mohammed bin Zayed Al Nahyan on his election Saturday President of the United Arab Emirates by the Federal Supreme Council, expressing his confidence that relations between the Read more
Prince Moulay Rachid represented his brother King Mohammed VI in Abu Dhabi in the condolences presentation ceremony of late UAE President Sheikh Khalifa bin Zayed Al Nahyan. Sheikh Mohammed bin Zayed Al Nahyan, President of the State of the United Read more
Hungary-headquartered and low cost airline Wizz Air has revealed plans for expansion opportunities in Saudi Arabia, Zawya reports. The airline, the media notes, has signed a Memorandum of Understanding (MoU) with the Future Aviation Forum to explore airline market development Read more
The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more
The Islamic state group cell in Egypt claimed Sunday the lethal attack which killed 11 soldiers late last week, at a water pumping station east of the Suez Canal in the town of Qantara in the province of Ismailia. The Read more
Abu Dhabi Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt’s coast, Zawya reports. Per the first deal, AD Ports Group Read more
The virtual platform “MeetsMeta” will launch the first virtual city in the UAE to simulate reality through Non-Fungible Tokens (NFTs) and offer users a virtual experience, Mubasher reports. “The UAE provides an ideal environment for launching MeetsMeta in the region. Read more
Dubai-listed logistics and courier giant Aramex has announced it will raise the company’s foreign ownership limit from 49 percent to 100 percent as it embarks on the next stage of its growth and expansion strategy, Zawya reports. The decision came Read more
UAE and Abu Dhabi-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has secured a deal worth 363 million dirhams ($98.8 million) for a wind farm project in Taiwan, Zawya reports according to a disclosure Read more