Jordan’s electricity linkages with neighbors on track

• Work is underway to double the electric power exported to the Palestinian Jerusalem Electricity Grid through the Al Ram Electrical Station
• The move is expected to raise the volume from the current 40 MW to 80 MW, according to an agreement signed by the two sides

Investcorp may buy AC Milan

• Italian Serie A team AC Milan is a seven-time European soccer champion
• It was once owned by the country’s former Prime Minister Silvio Berlusconi

Emaar plans new Fujairah resort

• The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties
• Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection

Tunisia works to contain diesel spill after cargo ship sinks

• Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
• Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

SAMA starts consumer microfinance licenses in kingdom

• Microfinance targets individuals and small businesses, including self-employed people
• Sulfah is the consumer microfinance company which is given a license by Saudi Central bank

Retail sales rise on back of online platforms

• Many retailers, especially supermarkets and online brands, have made the most noise during Ramadan
• Smaller businesses can use unique offer opportunities to entice new customers or reward current ones

ADX launches $17bn ‘Growth Market’ for private sector listings

• ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies
• It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering

Ship with 750 tonnes of fuel sinks off Tunisia coast

• The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters
• It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

Dubai Investments makes $258m profit from Emicool deal

Iran-Oman trade reaches a record $1.3b: Envoy

• Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars
• Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran