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The Islamic Development bank (IDB) has agreed to inject $1.96 billion in socioeconomic and development projects to be carried out in several Islamic countries. Financing agreements were signed between the bank and the beneficiary countries during the 37th annual meeting Read more
Mubadala Development Company, the Abu Dhabi-based investment firm, has injected $2 billion in Brazil’s EBX Group looking forward to diversifying and expanding activities in the growing South American market. In exchange for this investment, Mubadala acquires 5.63 pc stakes in Read more
Egyptian financial authorities are planning to sell plots of land in a bid to raise as much as $15 billion to help reduce budget deficit expected to reach this year $ 23.9 billion, about 8.7 pc of GDP of the Read more
Women entrepreneurs in Lebanon, especially those owning smaller businesses, will have a better access to financial services thanks to the support provided by the International Finance Corporation (IFC) through an agreement signed with BLC Bank. The IFC says it will Read more
Qatar is planning to inject over $ 130 million in Bulgaria and namely in the sectors of agriculture, tourism and infrastructure. These Qatari investment projects were unveiled at a meeting held between Prime minister Sheikh Hamad Bin Jassim Al Thani Read more
France has announced a $13 million financial assistance to the Palestinian authority to help it carry out a desalination project in the isolated Gaza strip. This project, which has been approved by the Union for the Mediterranean, will enable Palestinians Read more
Qatar tops the list of the world’s richest countries thanks to soaring oil prices and its massive natural gas reserves, says U.S. magazine Forbes. The Oil-rich emirate, which has a 1.7 million people, posts a gross domestic product per capita Read more
Tunisia is planning to build a giant financial centre at Tunis Bay in a bid to attract foreign investors seeking growth opportunities in emergent markets. Dubbed Tunis Financial Harbor (TFH), this landmark project, to cost about $ 3 billion, will Read more
International Abraaj Capital Group, a leading private equity manager investing in emerging markets, has injected $ 125 million in Saham Finances Holding, leader in the insurance sector in Morocco and Francophone West Africa. The investment will support Saham Finances’ ambitious Read more
The World Bank has approved a $40 million grant to support reforms made by the Palestinian Authority (PA) that will help improve services delivered to Palestinians in the occupied territories. The Palestinians have already received from the WB three similar Read more