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Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more
South Korea will grant Egypt $1 billion, the Asian country’s envoy to the Arab country has announced, ahead of Moon Jae-in’s visit this week. Hong Jin-wook, Arab Finance notes, informed Al Mal News about the financial facility without providing further Read more
Bahrain-based GFH Financial Group has set up a new company with a capital of up to $1 billion dirhams, Zawya reports citing a disclosure on Monday. According to the disclosure, the new company Infracorp, will manage a portfolio of infrastructure Read more
United Kingdom and Egypt Saturday vowed to cooperate on climate change as the current and incoming presidencies of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP), reports say. “We affirm our joint commitment to Read more
The UN Security Council condemned Friday the seizure by the Houthis of an Emirati ship, while calling for its “immediate release.” In a statement adopted unanimously, the Fifteen members also stressed “the importance of freedom of navigation in the Gulf Read more
Dubai has been chosen to host the fourth edition of the Global Business Forum Latin America, or GBF Latin America, scheduled to be held on 23-24 March 2022, reported the news outlet atalayar.com. This event is part of a series Read more
IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more
Egypt plans to develop industrial mining cities for the extraction of gold, copper, and phosphate in line with the aim of seeing the mining sector to grow tenfold over the next two decades. Oil Minister Tarek El Molla reportedly told Read more
After more than a year of efforts and attempts at mediation between the opposing political forces in Lebanon, France has not yet succeeded in getting the Beirut government to make progress in implementing economic, political and social reforms to tackle Read more
Morocco reaffirmed its willingness to negotiate a UN solution to the Sahara conflict on the basis of the autonomy platform provided Algeria takes part in round tables as a party. This came in a foreign ministry statement issued following talks Read more