UAE-based National Petroleum Construction Company wins $98mln deal for wind farm project in Taiwan

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

International outcry at Israeli raid on al-Aqsa mosque

Several countries, including Morocco, Saudi Arabia, the UAE, the United States, and international organizations including the United Nations, the Organization of Islamic Cooperation, the Arab League, the European Union and the Gulf Cooperation Council have denounced the raid conducted by Read more

Oman’s insurer NLGIC to acquire RSA Middle East

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

Qatar to inject $5 billion into Egypt’s economy as countries boost renewed ties

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