UN appoints new humanitarian coordinator for Libya

Ines Chuma takes over as the UN Humanitarian Coordinator for Libya, facing a complex crisis in the wake of years of conflict. The United Nations Support Mission in Libya (UNSMIL) has announced the appointment of Ines Chuma as the new UN…

Germany approves major arms sale to Turkey

In a move signalling a potential shift in its stance toward Ankara, Germany has approved the sale of weapons to Turkey worth hundreds of millions of dollars. This marks the first significant arms deal between the two NATO allies in…

Saudi Wealth Fund Takes 40% Stake in Selfridges

Saudi Arabia's Public Investment Fund (PIF) acquired a 40% stake in Selfridges Group, the luxury department store operator, for an undisclosed sum. The deal gives PIF joint ownership of the flagship Selfridges store on London's Oxford…

OMV Sees 3Q Profit Hit From Libya Oil Disruptions

Osterreichische Mineralolverwaltung AG (OMV AV)3Q clean operating result to be reduced by more than EU200m ($220m) Libyan oilfields, export terminals reopened after central bank dispute resolved Force majeure declared at…

Egypt awards 5G licences to Orange, Vodafone, and e&

Egypt's National Telecom Regulatory Authority (NTRA) has awarded fifth-generation (5G) mobile service licenses to Orange Egypt, Vodafone Egypt, and e& Egypt.NTRA grants 15-year 5G licenses, totaling $675 million Deal covers…

German orders fall off a cliff

New orders for German-made goods slumped in August, dragged down by a sharp drop in demand from within the Eurozone. Data released today by the Federal Statistical Office showed a 5.8% decrease in real manufacturing orders…

Al-Koni lauds SSA’s Crime-Fighting efforts in Libya

Musa al-Koni, the deputy of the Presidential Council, continued his visits to military and security agencies under the council’s purview on Monday, meeting with officials to assess progress and address challenges. Al-Koni, the deputy of…