Leading News Source For Middle East
Egypt targets a growth rate of 6.4 percent during the fiscal year 2020/2021. The information was given by the Minister of Finance, Mohamed Ma’it, on November 11 and reported by egypttoday.com. According to the media, Ma’it also declared in the Read more
The World Bank forecasts Egypt’s economy would grow by 5.8% this fiscal year. The projection is lower than the government’s target of 6-7%. In a country note released last weekend, the World Bank inched up its growth estimate for Egypt’s Read more
King Mohammed VI stressed the social role that Banks and financial institutions have to play in supporting Morocco’s development efforts through notably facilitating access of young graduates and SMEs to funding. The King insisted, in a speech at the opening Read more
Russia’s sovereign wealth fund has opened an office in the kingdom, a move Moscow describes will boost cooperation in a wide range of areas. The opening of the Russian Direct Investment Fund (RDIF) office is coming few days before the Read more
Saudi Arabia’s stock exchange Tadawul has received the approval to list foreign companies operating in the kingdom or in the region, Trade Arabia reports. The Capital Market Authority, the Bahrain-based media reports, has approved the new listing regulations as well Read more
Sanabil Investments, a subsidiary of the kingdom’s Fund has acquired 49 per cent of New York-based Consulting firm, Richard Attias & Associates (RAA), reports say. The amount of the deal has not been revealed but the acquisition follows Richard Attias Read more
Saudi Arabia will inject about $100 million investments in India’s petrochemical, energy, mining and several other sectors, the Saudi ambassador to the country has revealed. Dr Saud bin Mohammed Al Sati told Indian largest news agency PTI that the kingdom Read more
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 Read more
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 Read more
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 Read more