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…

Iran sets conditions for Lebanon ceasefire

Iran has declared its support for a ceasefire in Lebanon, but only under strict conditions. Speaking in Beirut on Friday, Iranian Foreign Minister Abbas Araqchi stated any truce must be acceptable to Hezbollah and coincide with a…

Baby boy at centre of Tunisian human trafficking case

A shocking case of human trafficking has emerged in Kasserine, Tunisia, where a criminal network involved in the sale of a baby boy was dismantled by authorities on Saturday, Libyan Express has learned. Sources reveal that the infant's…