First Independent Mena Newspaper
On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]
Kuwait has decided to close its embassy to Gabon, as part of its global diplomatic downscale, Gabonese media reported. The decision was announced by Kuwaiti chargé d’affaires to Libreville during a farewell visit to Gabon’s foreign minister Michel Régis Onanga M. Ndiaye, Gabon Review reported on July 23. The media reported that, despite the closure, […]
Prince Moulay Rachid represented, on Monday in Kuwait, King Mohammed VI at the presentation of condolences following the death of Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. Prince Moulay Rachid presented the King’s condolences during an audience granted to him by the Emir of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah. The audience was attended, on the Kuwaiti […]
Recorded executions in 2022 reached the highest figure in five years, according to an Amnesty International annual report published on Tuesday (16 May), which also decries the situation particularly in the Middle East and North Africa (MENA) with its “most notorious executioners (carrying) out killing sprees”. Recorded executions worldwide reached 883 last year, the highest […]
The official importer and distributor of BMW in Egypt, Global Auto Group, has announced plans to inject $100 million meant to develop its services and expand its footprints in the Arab country. Fahad Al-Ghanem, Chairman of the group, made the announcement to Asharq Business, Arab Business reports. Al-Ghanem also revealed that the company will resume […]
The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board. Mohieldin represents a group of Arab states, namely Egypt, the UAE, Bahrain, Kuwait, Oman, Qatar, Jordan, Iraq, Lebanon, and Yemen, along with the Maldives. Following his re-election Mohieldin stressed that […]
Kuwait’s Foreign minister Sheikh Ahmed Nasser Al-Mohammed Al-Sabah has vowed the Gulf country’s commitment to stand by Burkina Faso in tackling various crises that have gripped the West African country, Burkina Faso 24 reports. Sheikh Ahmed Nasser made the pledge Sunday as he met with his Burkina Faso counterpart Olivia R. Rouamba on the sidelines […]
Kuwait has named an ambassador to Iran more than six years after it recalled its top envoy to Tehran in solidarity with Saudi Arabia which had severed ties with the Islamic Republic in 2016. Bader Abdullah Al-Munaikh handed copy of his credentials to Iranian Foreign Minister Hossein Amirabdollahian in Tehran on Saturday, Iran’s foreign ministry […]
Kuwait’s Emir on Tuesday issued a decree to dissolve parliament while Crown Prince Meshal Al-Sabah was presented a new Cabinet team by Prime Minister Ahmed Nawaf Al-Ahmad. Meshal Al-Ahmad Al-Jaber Al-Sabah, Kuwait News Agency (KUNA) reported, said the dissolution of parliament came “because of practices and actions that threaten national unity.” The date of the […]
Kuwait-based gifting e-commerce platform and toy shop Teeela is set to expand in the Middle East region to tap into the $30 billion gifting market, following a Pre-Series A funding round that raised $3.75 million, Zawya reports. Saudi Arabian investment firm Wealth Well, Mad’a Investment Company, Al-Akeel family and several other investors injected $3.75 million […]