Auto sales recovery in China seems to be gathering steam lately. Per China Association of Automobile Manufacturers (“CAAM”), auto sales for July rose 16.4% year over year to 2.11 million units.
Oman Insurance reports a net profit of AED 110.2 million in the first half of 2020
Oman Insurance Company, one of the leading insurance providers in the Middle East, announced it has posted a Net Profit of AED 110.2 million in the first half of 2020, a four percent increase on the …
Oman Air, Bank Muscat Launch Platinium Co-branded Credit Card
The national carrier Oman Air and Bank Muscat have announced upgrading of their unique co-branded credit card to the Platinium level.
Alibaba, UAE-Backed Tesla Competitor Set To IPO In The U.S.
Chinese electric car start-up Xpeng Motors has filed for an IPO on the New York Stock Exchange. That comes after raising $400 million from Chinese media giant Alibaba, the Qatar Investment Authority, …
Nathan’s Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs
Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces today it has signed a licensing, manufacturing and distribution agreement with Mezzan …
Embrapa-UAE deal envisages genetic resource exchange
while they finance their part and we finance ours. Later on, we plan on seeking out financing from the Brazilian government, the UAE or other sources,’ Moretti explained. The memorandum is just …
Coronavirus: Eight macro-financial assistance programmes agreed to support enlargement and neighbourhood partners
This article is brought to you in association with the European Commission. As of today, the Commission, on behalf of the EU, has agreed Memoranda of Understanding (MoU) on macro-financial …
Foreign assistance to Jordan in H1 totals $465mln
Jordan received a total of $465.4 million in foreign aid and grants in the first halt of the current year, according to figures by the Ministry of Planning and International Cooperation. Foreign aid …
Death follows refugee family from Syrian war to Beirut blast
Ahmed Staifi’s wife fled the relentless bombing in neighbouring Syria only to die in the biggest explosion ever to hit Beirut.
African telecom giant to exit Iran over ‘complexities’
Dragging feet for a long time, South African telecom giant, the MTN Group, has announced its planned exit from the sanctions-hit Iranian market in the next three to five years. The group has 49% …