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Saudi Arabia reports first case of Omicron virus in the kingdom

It is the first Omicron variant case reported in the Middle East and North Africa

Dubai’s Emirates to resume services to Algiers

The resumption of flights to Algiers will boost the carrier’s African network to 21 destinations

Dubai’s DP World ties up with CDC Group to create Africa investment platform

The platform will invest in origin and destination ports, inland container depots, economic zones and other logistics across Africa

Abu Dhabi’s Hope Consortium, Astral Aviation sign deal to boost vaccine distribution in Africa

The alliance will ensure delivery of vaccines and critical supplies to all 54 African nations

Majority of MENA, Pakistan consumers prefer digital payment methods for ecommerce: report

The report estimates that 209m more customers in MENA and Pakistan have begun shopping online since the start of the pandemic

Abu Dhabi’s Aldar-ADQ consortium offers to purchase up to 90% stake in Egypt’s SODIC

The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m

Engaging women and girls in STEM is fundamental to inclusive growth in MEA

According to the State of Science Index (SOSI), within STEM equity, gender disparity remains an issue

Epson names new head of marketing services for Middle East and Africa

Harrison joined Epson UK Limited in 2018 as marketing services manager

Dubai’s Emirates announces changes in leadership roles across GCC, Africa, other regions

All of the new appointments are effective September 1, 2021

Dubai’s Emirates, Airlink expand partnership to codeshare agreement

The move comes as Emirates resumes flights to South Africa

Flights to and from Nigeria suspended until August 15 – Emirates

Customers who have been to or connected through Nigeria in the last 14 days will not be permitted on any Emirates flights bound for Dubai

Abu Dhabi’s ADQ is said to eye stake in top Egyptian dairy firm

Deliberations are in the early stages and there’s no certainty ADQ will proceed with any transaction

Egypt’s sovereign fund, EFG Hermes partner to acquire control of Arab Investment Bank

The transaction will be structured as a capital increase that will raise the paid-in capital of the bank to EGP5bn

Egypt’s ‘lost city’ may be new boon for tourism

The discovery of a 3,000-year-old city may just be the impetus required for Egypt’s tourism

Google startup accelerator

Google opens registrations to MENA tech startups for accelerator programme

The three-month long programme will commence in mid-July 2021 and is for ‘Seed to Series’ startups in the region

Seychelles pays $1 to acquire Etihad’s stake in its flag carrier

Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd

Bausch Health to sell Amoun unit to ADQ for $740m

ADQ is now Abu Dhabi’s third-largest sovereign wealth fund

Ever Given grounding: Suez Canal closure highlights marine industry risks

The Suez Canal Authority temporarily suspended navigation in the canal on March 25

Aldar offers to buy stake in Egypt’s Sodic; shares climb

The offer values the Egyptian property developer at about $420m

Billionaire Sawiris said to back $4.7bn Signature takeover

Sawiris is the third-biggest shareholder in Signature Aviation

Dubai’s Emirates to reopen worldwide lounges, starting with Cairo

Emirates has introduced additional health and safety measures, which will be rolled out across all destinations

Egypt’s biggest listed bank slumps after chairman steps down

The stock fell as much as 10 per cent to trade at EGP60.10 pounds before paring the decline to 7.2 per cent at close

Abu Dhabi’s ADQ partners with Lulu International Holdings for Egypt expansion

ADQ and LIHL will work to collectively develop up to 30 hypermarkets and 100 express minimarket stores

Abu Dhabi wealth fund ADQ said to pursue Bausch’s Egypt unit

ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co

LaLiga TwentyNines

Barceló Hotel Group and La Liga partner for new sports bar concept in MENA

The concept will be a technological integration of gastronomy, entertainment, football, and other sports in an interactive environment

Egypt prepares to issue region’s first green sovereign bond

Egypt seeks to raise $500m from the offering

Dubai’s Emirates to restart passenger flights to additional cities

The carrier’s global passenger network will grow to 92 destinations in October

Egypt’s Emaar Misr, Tahya Misr Fund tie up to develop Sidi Abdel Rahman village

Emaar Misr has committed to contribute roughly $1.26m to support the first phase of infrastructure and service improvements in Sidi Abdul Rahman village

Oil holds losses near $40 amid deteriorating demand outlook

Prices jumped 10 per cent last week after Saudi Arabia indicated it would defend the market

Google Loon

Google’s Loon balloons now offer commercial internet access in Kenya

Loon has collaborated with Telekom Kenya to provide internet connectivity by way of 35 balloons covering an area of 50,000 square kilometres