Saudi Arabia’s Crown Prince lands in Egypt for two-day state visit By Shane McGinley June 21, 2022, 6:16 AM Saudi Press Agency/Handout via REUTERS Saudi Crown Prince Mohammed bin Salman is received by Egyptian President Abdel Fattah al-Sisi upon his arrival in Cairo, Egypt, June 20, 2022 Egyptian President Abdel-Fattah El-Sisi received Saudi Arabia’s Crown Prince Mohammed bin Salman at Cairo International Airport on Monday night, UAE state news agency WAM reported, citing a statement by Egyptian presidential spokesman Bassam Rady. El-Sisi and Bin Salman, who is on an official two-day visit to Egypt, will discuss bilateral relations and ways of enhancing them in various fields, as well as regional and international political issues of mutual concern, the statement said. Bin Salman’s visit to Egypt is his first leg of a three-nation regional tour that includes Jordan and Turkey. “Upon directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and emanating from his keenness to enhance the Kingdom’s relations with the friendly and brotherly countries as well as in response to invitations extended to HRH the Crown Prince will meet the leaders of these countries to review bilateral relations and ways of enhancing them in addition to discussing issues of common interest, ” the Saudi Court said in a statement carried by the Saudi Press Agency on Monday.
Markets Oman’s Asyad Group plans IPO of shipping unit Asyad Group, a logistics business owned by Oman’s sovereign wealth fund, has announced plans to float its shipping unit on the Muscat stock exchange. At least 20 percent of Asyad Shipping Company will be sold in the initial public offering. The Asyad IPO will be divided into two tranches. The first is 75 percent of […] 2 hours ago
Video length: 04:02 VIDEO Finance One million users for Saudi Arabia’s Sahm trading app “Riyadh has a population of 8 million. The government is going to double the population. That means money. That means capital,” says Steven Chou, chairman of Saudi-based fintech-driven financial company Sahm Capital. “Local Saudis are keen to look for a new product. They are options lovers,” Chou says, adding that the sectors of interest include […] 2 mins ago In association with
Industry Almarai to increase poultry output by 35% Almarai, the Middle East dairy and food production group, announced plans to increase its poultry output by 35 percent this year as it continues with its multi-billion-dollar expansion plans. The Riyadh company reported fourth-quarter profit of SAR430 million ($115 million), an increase of 16 percent, as revenue rose 4.8 percent to SAR5.15 billion. It announced a […] 26 mins ago
Construction German company to assess proposed Spain-Morocco tunnel A German-owned company has been awarded a contract to conduct a feasibility study on building an undersea railway tunnel between Morocco and Spain, the latest indication that the long-stalled plan could become reality. If built, the tunnel would be one of the longest of its kind worldwide and would make transporting goods and people between […] 1 hour ago
