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Abu Dhabi – AD Ports Group today announced the signing of a HoT with the Ministry of Transport, Communications and Openness of the Democratic Republic of the Congo. National Transport Agency (ONATRA SA) for the development and operation of a multi-purpose terminal at the Port of Matadi in the Democratic Republic of the Congo. The main parts of the Covenant were signed by Jean-Pierre Bemba Gombo, Deputy Prime Minister and Minister of Transport and Communications of the Democratic Republic of the Congo, at the Presidential Court in Abu Dhabi. Captain Mohammed Juma Al Shamisi, Managing Director and Group CEO of…

WASHINGTON/NEW DELHI: US President Donald Trump on Monday announced a trade deal with India that will significantly reduce US profits. India will stop buying Russian oil and lower trade barriers, in exchange for increasing tariffs on Indian goods from ‍50% to 18%. President Trump announced the deal on social media after a phone call with Indian Prime Minister Narendra Modi, noting that India would buy oil from the United States and potentially Venezuela. A White House official told Reuters that the United States would lift a 25% punitive tariff on all imports from India that it had imposed on top…

Arab League Secretary-General Ahmed Aboul Gheit has flatly denied meeting or having any relationship with the late American billionaire Jeffrey Epstein, insisting that his name was only on the guest list for a diplomatic event and that he never attended.Egyptian journalist Ahmed Moussa revealed in the “About My Responsibility” program broadcast on the “Sada El Balad” channel that he called Abul Gheit directly to find out the truth about what was circulating in the past hours after his name appeared on one of the millions of pages related to the Epstein case published by the US Department of Justice.Musa quoted…

Mega deals in energy, technology and artificial intelligence (AI) will continue to influence M&A deals in MENA this year as the region’s sovereigns continue to diversify their economies. The region performed well in 2025, with announced M&A value increasing 154% year-on-year to $193.1 billion, a record high, according to LSEG Deals Intelligence. “The M&A landscape will continue to focus on specific sectors such as energy, artificial intelligence and digital infrastructure. This is not surprising given that countries in the region aim to establish themselves as leaders in this space and become globally relevant,” said Ahmed Salem, co-head of MENA investment…

Egyptian producer Shadi Makar spoke about the controversy that has spread in the past hours regarding the similarity of the poster of the series “Shepherd’s Children” starring artist Majd El Masri and the poster of the Turkish series “Dream Ashraf”, which has caused widespread discussion among social media pioneers. Producer’s comments on this controversy In a special statement to Okaz, Makar expressed surprise at the exaggeration of this issue and explained that such visual similarities can be repeated in many works of art and often occur within the framework of coincidences and cross-fertilization of ideas.He emphasized that the final design…

DUBAI: EIG Global Energy Partners has hired PJT Partners to advise on forming a new fund for its stake in Saudi Aramco’s oil pipeline assets as the holding deadline approaches, two sources familiar with the matter said. The so-called continuation fund will allow U.S.-based infrastructure investors to roll over Aramco pipeline shares they bought in 2021 and hold them for longer periods of time to attract new investors, the people said. EIG, PJT Partners and Aramco did not immediately respond to requests for comment. Continuing funds allow companies to extend ownership of assets beyond the lifecycle of the original fund.…

Bitcoin fell today to a 10-month low of $74,546.46, and Ether fell to $2,166.79, its lowest since June 22.This decline affected most cryptocurrencies, with the market value decreasing by 3.68% to approximately $2.57 trillion, of which Bitcoin’s market value was approximately $1.5 trillion.Bitcoin has lost more than 14% of its value in one week as investor appetite for high-risk assets continues to wane.According to ‘coinmarketcap’ data, Ripple (XRP) fell by about 6.8%, Solana by 5.8% and BNP by 4.96%.worst lossThe decline came as a result of the collapse in gold and silver prices and President Donald Trump’s announcement of his…

JPMorgan said in a note on Monday that it expects gold prices to reach $6,300 an ounce by the end of 2026 as demand from central banks and investors continues. The brokerage now forecasts central bank gold purchases to reach 800 tonnes in 2026, citing continued reserve diversification and a trend towards depletion. “Despite recent short-term volatility, we remain bullish on gold over the medium term on the back of clean, structural and continued diversification trends in a regime where the outperformance of real assets relative to paper assets remains firmly entrenched,” the brokerage said in a note on Monday.…

LONDON: Investment bank JPMorgan on Monday switched its view on African Export-Import Bank (Afrexim) bonds from “underweight” to “overweight,” saying the decline following last week’s high-profile credit rating downgrade made them attractive again. Fitch downgraded Afreximbank to ‘junk’ status last week. The reasoning was that the blow from the bank’s agreement to loan to defaulting Ghana was a sign that the company did not benefit from the so-called “preferred creditor status” that traditionally protects development lenders in the event of a default. Afrexim, whose major shareholder is an African government, had severed ties with Fitch over the bank’s treatment. “We…

The Board of Directors of Al Hilal Club Company, headed by Prince Nawaf bin Saad, expressed its utmost gratitude for completing the signing procedure and officially joining the ranks of football’s top team, thanking the unlimited support and full sponsorship for the value of the signing of French star Karim Benzema, and the club’s golden member, Prince Alwaleed bin Talal bin Abdulaziz.Ongoing support and historic outages The Council confirmed that Crown Prince Alwaleed bin Talal’s initiative to bear the value of the contract embodies his permanent approach to supporting Al Hilal, noting that this support comes as an extension of…