Wednesday, December 13, 2017

Bin Talal sells stake in Murdoch’s 21st Century Fox

Saudi billionaire Al-Waleed bin Talal has sold his remaining stake in Rupert Murdoch’s 21st Century Fox Inc., according to Bloomberg. Bin Talal had been...

The Drums of War bangs in Riyadh

No one will win if the world goes into a new war. With the banging drums of war in Riyadh calling for an action...

Du expands digital footprint through partnership with Souq.com

Telecom operator’s products will be available with online UAE retailer Dubai Expanding its digital footprint to offer even more choice to its valued customers, du announced that...

Agreement with the Public Investment Fund of Saudi Arabia (PIF) to Inject New Investments...

At the end of her visit to the Saudi capital "Riyadh", the Minister of Investment and International Cooperation held meetings with several investors and...

NEOM, a new $500bn mega-city planned by Saudi Arabia

Saudi Crown Prince Mohammed bin Salman announced on the sidelines of the Future Investment Initiative conference arranged by Saudi Arabia’s main sovereign wealth fund, the Public...

ENBD offers a new innovative way to expand its clients base

The lifestyle digital bank by Emirates NBD (ENBD), a leading bank in the UAE, is rewarding its loyal customers with a chance to win...

Morocco prepares to test Africa’s fastest train, targeting 320kph

Engineers in Morocco are preparing to test Africa’s first high-speed railway this week with trains reaching 320 kilometres per hour. One train reached 275 kph...

Abraaj Group invests in Pakistan’s Entertainment sector

The Abraaj Group, a leading investor operating in growth markets, announced it has invested through its fund, in Cinepax Limited, Pakistan’s leading cinema operator. Arif...

Aramco signs five key deals with Russian firms

Saudi Aramco has launched a wide range of strategic business collaborations with Russian companies with the signing of five memoranda of understanding (MoUs) covering...

A joint venture between Egypt & UAE for developing the economic zone on the Red...

On Thursday, September 21st,  Admiral Mohab Mameesh, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), signed an initial agreement with Chairman...

Saudi Arabia invests $2.7B in the entertainment industry

Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the kingdom invests in recreational projects. The kingdom’s Public Investment Fund announced Wednesday...

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Sharm El-Sheikh’s 2017 Africa Conference opens the gate for the wealth of the continent’s...

Sharm el-Sheikh hosted last week the 2017 Africa Conference, marking the second session of the conference for the second consecutive year after the Africa...

Bahrain sustains its Banking hub through developing a Fin-tech hub

In an attempt to sustain its position as a financial hub in the Gulf Corporation Council, GCC, Bahrain has announced the launch of ALGO...

Egypt launches its first nuclear power plant

Egyptian President Abdel-Fattah El-Sisi and the Russian President Vladimir Putin met in Cairo on Monday for signing the agreement to officially launch Egypt’s first-ever nuclear...