First Independent Mena Newspaper
The recently launched Saudi-Egyptian Investment Company (SEIC) is set to acquire 25 per cent of stakes in Egyptian fertilizer giant Misr Fertilizers Production Company (MOPCO) for an unrevealed amount. The deal, Arab Finance reports citing a source who asked not be named, might have been executed Tuesday or it would be carried out this Wednesday […]
More than 40 rebel and opposition factions signed a deal with Chad’s transitional authorities in Doha on Monday, August 8, agreeing to join broader national peace talks after years of turmoil — though the most powerful insurgent group refused to take part. Under the agreement, Mahamat Idriss Deby’s Transitional Military Council and hundreds of opposition […]
People took to streets Monday in the southern Iraqi province of Basra, and blocked roads to protest against power cuts that left many without electricity in 50C heat, Arab News reported. The demonstrators burned tires, blocking the main road to the provincial capital. The protests, the Saudi media notes, began after the collapse of the […]
Saudi Arabia won Sunday the 2022 Arab Cup U-20 after defeating Egypt 5-3 on penalties in the final at Prince Sultan bin Abdulaziz Stadium in Abha. The Saudi youth took the lead on the stroke of the half time by Abdulaziz Al-Aliwa scored in the 45th minute. The Egyptian side leveled up only four minutes […]
The Public Investment Fund (PIF) of Saudi Arabia launched the Saudi-Egyptian Investment Company (SEIC) that will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals. The fund in a statement said SEIC is interested in the country’s promising sectors including infrastructure, real estate development, healthcare, financial services, food and agriculture, manufacturing, […]
Lebanon has called on the European Union to cooperate on a roadmap for the gradual return of Syrian refugees to their country. “Lebanon is going through an unprecedented economic and social crisis in its modern history, under which 80% of the Lebanese are living under poverty line,” the Foreign Ministry said in a statement. The […]
The Saudi national carrier Saudia launched Thursday its first direct flight to Zurich in collaboration with the Air Connectivity Program, which aims to connect the kingdom to its main target markets, state-run news agency SPA reports. The inauguration took place at King Khalid International Airport in Riyadh in the presence of the Ambassador of Switzerland […]
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]
Director General of National Security and Territorial Surveillance, Abdellatif Hammouchi, held a meeting, Tuesday in Rabat, with the Inspector General of the Israeli police, Yaakov Shabti, that focused on cooperation relations in the security field. The Israeli official is on a working visit to Morocco at the head of a large security delegation. The visit […]
The management of Al-Makassed Charity Hospital in Al-Quds, the largest hospital in Palestine, commended Morocco for its support for the health sector in Al Quds city. The hospital management expressed, in a statement released Wednesday, its thanks and gratitude to Morocco for its generous and continuous support to al-Makassed hospital, through the Bayt Mal Al […]