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UAE, FAO partner to boost resilience in Liberia

The United Arab Emirates has partnered with FAO to provide $4 million in funding to foster rural development in Liberia. The contribution comes from the UAE’s Ministry of Foreign Affairs and International Cooperation, and aims to support 1,500 rural women in three counties with improved and sustainable poultry and vegetable production, the FAO said in […]

September 12th, 2019 | Posted in Finance,Gulf News,Headlines,World News | Read More »

Kuwait: Kuwait Airways to spend about $2.5 billion on 28 new aircraft

Kuwaiti national carrier will spend around $2.5 billion on the purchase of 28 new aircraft up to  2026.   The operation, according the airline’s Yousef A. M. J. Alsaquer, will be financed with bank loans, the airline’s own capital and through the sale and re-leasing of the carrier’s planes, Zawya news reports.   The Kuwaiti […]

September 2nd, 2019 | Posted in Finance,Gulf News,Headlines,World News | Read More »

Iraq: Government to allocate funds to cement plants rebuilding

The Iraqi finance ministry has approved the release of the $60 million needed for refurbishing a cement plant damaged in the war that ravaged the country following the US intervention in 2003. Reports citing a statement of the ministry said Kufa Cement Plant will undergo shortly “rehabilitation and rebuilding”. The Finance Ministry has approved $60 […]

August 22nd, 2019 | Posted in Finance,Headlines,World News | Read More »

Zimbabwe: UAE poised to increase investment three-fold

The UAE will multiple its investment in Zimbabwe three times in the coming years, the ambassador of the Gulf country to Harare recently said, Trade Arabia reports.   The Arab country recently donated over $2 million in equipment and medicines to Zimbabwe’s National Pharmaceuticals Company. Ambassador Mahash Saeed Salem Mahash Al Hameli speaking at the […]

August 14th, 2019 | Posted in Finance,Gulf News,Headlines,World News | Read More »

US State Department highlights Morocco’s friendliness to foreign investments

Morocco has capitalized on its political stability, robust infrastructure, and a strategic location, to emergence as a regional manufacturing and export base for international companies, said the US State Department in a report. “Morocco is actively encouraging and facilitating foreign investment, particularly in export sectors like manufacturing, through macro-economic policies, trade liberalization, investment incentives, and […]

July 29th, 2019 | Posted in Finance,Headlines,World News | Read More »

Climate change: Egypt unveils plan to invest $50 bln in drinking water

Egyptian government plans to invest about 50 billion dollars over 20 years to secure access to drinking water for its 97 million population. The announcement was made by the Egyptian Minister of Water Resources and Irrigation, Mohamed Abdel Aty on the sidelines of the Beirut Water Week in Lebanon, which opened its doors on Monday, […]

April 11th, 2019 | Posted in Finance,Headlines,World News | Read More »

UAE: Goldilocks acquires 29.49 per cent of Takaful Emarat insurance company

Abu Dhabi-based Goldilocks Investment Company has said it acquired 29.49 per cent of insurer Takaful Emarat. The company did not disclose the amount of the deal but said it would help the firm take advantage of “strong market dynamics” and growth opportunities. “Goldilocks believes that the insurance sector is poised for considerable growth, driven by […]

December 13th, 2018 | Posted in Finance,Headlines | Read More »

EBRD Supports Women’s Micro & SMEs in Jordan

The European Bank for Reconstruction & Development (EBRD) has announced a $4 million loan to the Microfund for Women (MFW) in Jordan. The funds will enable MFW to increase access to finance for women-led businesses, especially those from disadvantaged communities. This will contribute to greater financial inclusion and job opportunities. Access to finance through banks […]

December 13th, 2018 | Posted in Finance,Headlines | Read More »

UN agencies bid to raise $5.5 billion for millions of Syrians, host communities

Some 5.6 million Syrians need help outside the war-torn country and one million of them are children born in exile, UN agencies and partners said on Tuesday, in an appeal for $5.5 billion to cover humanitarian needs for 2019. Since conflict erupted in Syria in 2011, host communities in neighboring countries have supported those who […]

December 12th, 2018 | Posted in Finance,Headlines,World News | Read More »

USA-KSA: US Draper, Saudi Venture Capital establish joint investment fund

Tim Draper, one of US and global venture capitalists has signed a Memorandum of Understanding (MoU) with the Saudi Venture Capital Company for the establishment of a joint capital investment fund. The future fund will be used to finance SMEs in the fields of health, education, agriculture, finance, and energy, Trade Arabia reports. Draper, considered […]

December 12th, 2018 | Posted in Finance,Headlines | Read More »