CAIRO: Egyptian Prime Minister Mostafa Madbouly has laid the cornerstone for the first petrochemical complex at the Suez Canal Economic Zone, backed by investment totaling $7.5 billion. The prime minister said the zone was one of Egypt’s most important national projects and part of the government’s strategy to focus on investments that would localize technology, provide job
DUBAI: A Dubai-based e-commerce company has raised $20 million in debt and equity in a seed round involving a number of high-profile investors. Opontia, which has offices in Dubai and Riyadh, acquires high-performing e-commerce businesses across the Gulf. “We are interested in brands with at least $10,000 in monthly revenue and at least $5,000 in net profit per month,”
AMMAN: There were “armed attacks on security forces” on the outskirts of the Jordanian capital of Amman on Saturday, state media reported, citing the Interior Ministry, and witnesses told Reuters the attacks were triggered by tribal supporters of a lawmaker who was banned from Parliament. The lawmaker, Osama al Ajarma, was banned from Parliament for a year last week for
PARIS: France has opened a probe into the personal wealth of Riad Salameh, central bank chief in crisis-hit Lebanon, sources told AFP Sunday. Paris financial prosecutors have opened a preliminary probe into criminal association and money laundering by Salameh, a source close to the investigation and a judicial source said, following a similar move by Switzerland. Its findings