Saudi Public Investment Fund invests $3.5bn in Uber
The car hire service Uber has attracted a $3.5bn (£2.43bn) investment from Saudi Arabia's Public Investment Fund.…
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Saudi Arabia
Gulf OPEC members plan joint action on oil output
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major…
Egypt receives first tranche of Saudi 2.5 bln loan: minister
Egypt has received the first tranche worth $500 million of Saudi Arabia’s $2.5 billion grant, international…
Political parties gather signatures to escalate opposition against Egyptian-Saudi deal
Committees will be formed across Egypt’s governorates to gather signatures for a petition that will be presented to…
Saudi-Egypt power grid link-up to start early 2019: official
Egypt is planning to complete its project to link power grids with Saudi Arabia by the end of 2018 or early 2019 at…
Political parties begin week-long sit-in against Egyptian islands deal
Several political parties began a week-long sit-in on Sunday in the Socialist Popular Alliance party (SPAP)…
Egypt court postpones hearing in Red Sea island lawsuit
An Egyptian administrative court postponed on Tuesday a hearing in a lawsuit against the government's decision to…
Saudi Arabia’s largest lender NCB plans overseas forays – chairman
Saudi Arabia's largest lender by assets, National Commercial Bank (NCB), is planning to expand overseas, growing…
Egypt sentences 51 protesters to 2yrs over Red Sea islands demo
A Qasr El-Nil misdemeanour court Saturday sentenced 51 people to two years hard labour over their participation…
Saudi Aramco finalizes IPO options and plans global expansion
Saudi Arabia's state-owned oil giant Aramco is finalizing proposals for its partial privatization and will present…