JEDDAH, Saudi Arabia (MNTV) — Saudi Arabia’s Human Resources Development Fund has enabled the hiring of more than 151,000 citizens in the industrial and mining sectors since 2020, supported by approximately USD 267 million in training-to-employment programs. According to newly released figures, the fund, known as HRDF, reported signing 24 spec...
DHAKA, Bangladesh (MNTV) — Bangladesh has approved a landmark consolidation of five struggling Sharia-compliant banks into a single institution, marking the largest restructuring in the history of the country’s Islamic banking sector and signaling a decisive move to restore market confidence. The newly formed Sammilita Islami Bank PLC received...
ERBIL, Iraq (MNTV) — A missile attack on the Khor Mor gas field in northern Iraq caused a full blackout across the Kurdistan Region and reduced national electricity output, prompting the federal government and the Kurdistan Regional Government to form a joint investigative committee. Operator Dana Gas said the strike ignited a major condensat...
DAMASCUS, Syria (MNTV) — Syria’s post-Assad government announced plans to construct a new oil refinery with a processing capacity of 150,000 barrels per day, according to the country’s energy minister in remarks to state-run Ekhbariya TV. Officials said the new project is part of broader efforts to rebuild the national energy sector, which has...
CAIRO, Egypt (MNTV) — Mantrac Egypt and Pickalbatros Hotels and Resorts have renewed their partnership to enhance energy efficiency and operational reliability across the group’s properties, building on a collaboration that began last year, according to a joint announcement. The agreement includes a preventive maintenance program covering 93 C...
RIYADH, Saudi Arabia (MNTV) — Economic ties between Saudi Arabia and Italy are entering a dynamic expansion phase, fueled by Vision 2030 projects estimated at $8.1 trillion, according to Matteo Zobas, head of the Italian Trade Agency. Speaking at the Saudi-Italian Investment and Business Forum, Zobas highlighted that these massive investments ...
BEIRUT/NICOSIA (MNTV) — Lebanon and Cyprus signed a long-awaited maritime demarcation agreement on Wednesday, clearing the way for potential offshore energy exploration and closer cooperation in the eastern Mediterranean. The deal was signed by Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides at Lebanon’s presidential...
MUSCAT, Oman (MNTV) — Oman re-entered global capital markets with a one-billion-dollar sovereign sukuk issuance that drew more than four times the amount offered, signaling strong investor confidence following recent credit-rating upgrades. The instrument carries a 7.5-year maturity, a 4.525 percent annual coupon, and a 60-basis-point spread ...
CAIRO, Egypt (MNTV) — Egypt’s engineering exports rose sharply in the first ten months of 2025, reaching $5.33 billion, a 12.4 percent increase from the $4.75 billion recorded during the same period last year, according to new data from the Engineering Export Council of Egypt. The council reported that October delivered a particularly strong b...
CAIRO, Egypt (MNTV) — Egypt is emerging as one of the world’s most promising digital trade markets, according to a new Standard Chartered assessment that highlights accelerating adoption of cloud technologies, digital assets, and global data standards across the country’s corporate sector. The bank’s Future of Trade: Digitization report, based...
