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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
First Abu Dhabi Bank (FAB) , the UAE’s biggest lender, has withdrawn its offer to buy a controlling stake in Egyptian investment bank EFG Hermes, the bank said in a statement on Thursday, reports say. “After careful consideration and in 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
The UAE’s Ministry of Economy has signed a Memorandum of Understanding (MoU) with the Costa Rican Tourism Institute aimed at promoting cooperation in the tourism sector and reinforcing their bilateral ties. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State Read more
Japanese Prime Minister Fumio Kishida expressed his intention to cooperate with Crown Prince Salman bin Hamad Al Khalifa, Prime Minister of Bahrain, in fostering a closer bilateral relationship, the foreign ministry in Tokyo said, according to Arab News. This came 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
The UAE is offering a prize money of up to $2 million for startups that can propose cutting-edge agri-tech solutions for food production and management in the country, Zawya reports. Initiated by the UAE Ministry of Climate Change and Environment, 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
UAE-based Oman Insurance has acquired the life insurance portfolio of Italian insurer Assicurazioni Generali in the UAE, Zawya reports. Oman Insurance said in a statement on Monday said it landed the acquisition of Assicurazioni Generali in the Gulf country adding Read more
Dubai-based global port operator DP World announced on Wednesday that it has closed a deal to acquire Imperial Logistics in South Africa – an operation that expands the company’s footprints in Africa. The transaction was completed on March 14, the Read more