United Energy Group, listed on the Hong Kong Stock Exchange, acquired Kuwait Energy, an independent oil and gas company, for about $650m, Shalakany Law Office, the deal's legal advisor, announced on Monday.
The deal was signed on 23 September 2018 (...)
Recent remarks by Israeli Prime Minister Binyamin Netanyahu revealed disturbing features of the “Deal of the Century” that US President Donald Trump is expected to unveil soon now that Israeli Knesset elections have ended.
The deal paves the way for (...)
Ministers of agriculture and irrigation and water met in Cairo for the first time last week to discuss water scarcity in the region.
The meeting took place at the Arab League in Cairo on the last day of the Land and Water Days conference held by the (...)
The United States is expected to designate Iran's elite Revolutionary Guards Corps a foreign terrorist organization, three U.S. officials told Reuters, marking the first time Washington has formally labeled another country's military a terrorist (...)
Oman will face a race against time to build a stadium large enough to satisfy FIFA requirements if football's governing body decides to expand the Qatar 2022 World Cup finals and asks the Sultanate to co-host the enlarged tournament.
Oman Football (...)
Three Egyptian banks got on the list of the 500 best banking brands in the world in 2019, according to an analytical study issued by the Union of Arab Banks (UAB).
The list includes the National Bank of Egypt (NBE), Banque Misr, and the Commercial (...)
Recent remarks by Israeli Prime Minister Binyamin Netanyahu revealed disturbing features of the “Deal of the Century” that US President Donald Trump is expected to unveil soon now that Israeli Knesset elections have ended. The deal paves the way for (...)
The World Economic Forum (WEF) released its Energy Transition Index (ETI) 2019 on Monday, throughout which Egypt ranked number 89 among 115 countries, scoring 49% at the ETI, 55% at system performance, and 43% at transition readiness.
Sweden, (...)
Amid tremendous efforts from the government to revive local tourism, Egypt was announced as the number one destination among a list of 15 countries, which international billionaires plan to visit in 2019, according to a study held by Business (...)
Oman on Sunday said it had signed an agreement with the United States that would allow American ships and warplanes to take advantage of ports and airports.
The state-run Oman News Agency said the "framework agreement" was aimed at bolstering (...)
A mission from Oman's State General Reserve Fund (SGRF) will visit Egypt soon to explore investment opportunities, according to a Tuesday's statement by the Ministry of Investment and International Cooperation.
The Minister of Investment, Sahar (...)
Egyptian Foreign Minister, Sameh Shoukry, headed on Monday to the Omani capital, Muscat, to partake in the 14th edition of the meetings of the Egyptian-Omani joint committee, and led the Egyptian meetings delegation.
The joint committee was held on (...)
Egypt's Foreign Minister Sameh Shoukry is in Oman at the head of the Egyptian delegation to the Egyptian-Omani joint committee, which kicked off in Muscat on Monday.
The meetings will tackle means of boosting economic, trade and investment (...)
Egypt's Isis and Osiris is showing in Vietnam for the first time as part of the celebration of the 55th anniversary of the diplomatic relations between Egypt and Vietnam.
The show is produced by the Cairo Puppet Theatre Company, part of the Artistic (...)
FIFA's ruling council has not ruled out expanding the 2022 World Cup in Qatar to 48 teams but a final decision will probably be pushed back until June, a source close to world football's governing body told Reuters on Thursday.
FIFA's feasibility (...)
European Union governments adopted a broadened blacklist of tax havens on Tuesday, the EU commission said in a statement.
Ten jurisdictions were added to the list. It had previously included five.
Aruba, Barbados, Belize, Bermuda, Fiji, Marshall (...)
Jared Kushner, senior adviser to US President Donald Trump, has recently concluded a visit to five countries in the Arab Gulf plus Turkey to discuss and present part of his long-awaited Israel-Palestine peace process plan. While the details of the (...)
US President Donald Trump's senior advisor and son-in-law Jared Kushner's recent tour of Middle Eastern countries has rekindled speculation over the Trump administration's so-called “deal of the century” to resolve the Palestinian-Israeli conflict. (...)
FIFA is considering Oman and Kuwait as hosts of some matches at the 2022 World Cup if the tournament, to be staged in Qatar, is expanded from 32 to 48 teams, the New York Times reported on Wednesday.
The World Cup will be expanded from 32 to 48 (...)
Jared Kushner, senior adviser to US President Donald Trump, has recently concluded a visit to five countries in the Arab Gulf plus Turkey to discuss and present part of his long-awaited Israel-Palestine peace process plan. While the details of the (...)
EGYPT'S Isis and Osiris is showing in Vietnam for the first time, writes Reham El-Adawi. As part of the celebration of the 55th anniversary of the diplomatic relations between Egypt and Vietnam, the water puppets show “Isis and Osiris” produced by (...)
The total value of active infrastructural projects in the Gulf Cooperation Countries (GCC) has reached to $1.14tn with roads, highways, and bridges with the highest number of projects, according to the latest report released by Orient Planet (...)
Egypt's real GDP growth will accelerate from an estimated 5.3% in the Fiscal Year (FY) 2017/18 to 5.8% in FY 2018/19, decelerating again in FY 2019/20 to 5.1%, according to the Institute of International Finance's (IIF) regional report on the Middle (...)
The United Arab Emirates, Kuwait and Oman could stage some World Cup 2022 matches in order to hold an expanded event, if the countries have resolved their diplomatic dispute with tournament host Qatar, the UAE's sports chief said on Tuesday.
FIFA is (...)
White House adviser Jared Kushner, giving a broad outline of a U.S. peace plan for the Middle East, said it will address final-status issues of the Israeli-Palestinian conflict, including establishing borders.
In an interview broadcast on Monday on (...)
