UAE banks loan Singapore’s Olam Agri $745m to refinance existing loans

Singapore-based Olam Agri, the food, feed and fiber operating group of Olam Group, has secured a $745 million financing facility from the UAE banks to refinance existing loans for general corporate purposes, Zawya reports. Abu Dhabi Commercial Bank, First Abu Read more

International Media Investments, CNN to launch CNN Business Arabic

International Media Investments on Monday announced a new partnership with CNN to launch a dedicated digital business platform from the Middle East and North Africa region for Arabic speakers around the world, Arab News reports. The channel will be launched Read more

Morocco’s King calls for optimizing public investment in Africa to leverage private capital, promote strategic & productive sectors

King Mohammed VI has called for accelerating and optimizing public investment in Africa to leverage private capital and consequently benefit strategic and productive sectors, pointing out that spurring a genuine African investment industry can guarantee massive, sustainable mobilization of capital Read more

Egypt lauds Saudi Arabia, UAE for unconditional support in face economic hardship

Egyptian President Abdelfattah al-Sisi Monday praised Saudi Arabia and the UAE for supporting the Arab African country economically as it faces an acute economic hardship compounded by the Russia-Ukraine crisis, Middle East Monitor (MEMO) reports. “Saudi Arabia and the UAE Read more