First Independent Mena Newspaper
Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]
Saudi Arabia is considering making a joint bid to host the 2030 FIFA World Cup along with Egypt and Greece, the kingdom’s Tourism Minister Ahmed Al Khateeb has revealed according to Bloomberg. “We are considering a bid with Greece and Egypt and we wish that it will be a winning bid,” Al Khateeb said in […]
Morocco and Saudi Arabia’s tourism ministers agreed to work together to promote sustainable tourism and promote the exchange of expertise notably in the field of training human resources. The deal was signed in Marrakech by visiting Saudi tourism minister Ahmed Al-Khateeb and his Moroccan peer Fatim-Zahra Ammor. It was sealed on the sidelines of a […]
The Qatar Investment Authority (QIA) deposited $1 billion at the Central Bank of Egypt (CBE) at the time the Gulf country was close to a deal to acquire a government stake in some of the major companies in the North African country, Asharq Business reports, citing informed sources. The funds, the sources told the media, […]
King Mohammed VI has sent a written message to Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. Moroccan Foreign Minister Nasser Bourita handed over the Royal message to his Saudi peer Prince Faisal Bin Farhan Bin Abdullah Al Saud at a meeting held in Riyadh Monday. The meeting is part of […]
Morocco and Saudi Arabia have signed a bilateral agreement in the field of air transport on the sidelines of the 41st session of the Assembly of the International Civil Aviation Organization (ICAO), held in Montreal from September 27 to October 7. The agreement, which will give a strong impetus to cooperation relations between the two […]
Morocco and Saudi Arabia are looking into ways of stepping up economic partnership and trade exchanges in a bid to match the excellent relationship existing between the two countries’ Monarchs, governments and peoples. Cooperation prospects in various sectors of common interests were at the center of separate talks held Monday in Rabat by visiting Saudi […]
Thousands of Sudanese protesters and opposition groups took to the streets of the capital on Tuesday (13 September) and marched toward the Presidential Palace in Khartoum to press demands for a return to civilian rule following a military coup last year. Marching on Africa Street and the Eldaim area toward downtown, many carrying posters criticizing […]
Zambia had launched talks with Saudi Arabia to secure “cheap oil” supplies, while also seeking support from the International Monetary Fund (IMF). Zambian Minister of Energy Peter Kapala noted an attempt at a deal with Saudi Arabia by the previous government, but said there was a change of approach. Rather than buying the petroleum goods […]
Nigeria has decided to adopt the security infrastructure similar to that of Saudi Arabia’s oil giant Aramco to protect its oil pipelines and curb theft. According to the CEO of the Nigerian National Petroleum Company (NNPC), Mele Kyari, the new security architecture would be unveiled soon and help to curb massive oil pipeline vandalism that […]