ABU DHABI / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced on Wednesday that it has entered into a definitive agreement to acquire Amoun Pharmaceutical Company SAE (Amoun), one of Egypt’s leading manufacturers, distributors and exporters of branded pharmaceutical and animal health products, ...

NEOM / WAM Saudi Arabia will grant oil derivatives worth $422 million to Yemen, reported the Saudi Press Agency (SPA). Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence, disclosed to Yemeni President Abdu Abd Rabbu Mansour Hadi — in a telephone call — of the plan that will help operate power stations in ...

ABU DHABI / WAM The UAE lauded the efforts of Egypt to address the incident that occurred in the Suez Canal when a container ship was stranded and blocked the canal. Egypt’s efforts succeeded in freeing the container ship and resuming traffic along the canal with efficiency and professionalism and within a reasonably short time. The UAE highlighted its confidence ...