Investment tenders for 6 Saudi football clubs announced

RIYADH: The Ministry of Sports in collaboration with the National Center for Privatization and PPP, or NCP, announced on Sunday that tenders have been issued for six sports clubs targeting local and international investors. The clubs included in this phase are Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba and Al-Kholoud. This announcement follows the second round of … Read more

Egypt records 10.3% drop in trade deficit value

RIYADH: Growth in the UAE's non-oil private sector remained steady in July but posted the slowest improvement in nearly three years, an economic tracker showed. According to the S&P Global Purchasing Managers' Index, the Emirates PMI fell to 53.7 in July from 54.6 the previous month, as competitive conditions, rising price pressures and capacity congestion … Read more