Alpha Dhabi Holding injects $2.5bn in New York-based Alpha Wave Ventures II fund

Alpha Dhabi Holding, an Abu Dhabi-based investment company, will invest 9.2 billion dirhams ($2.5 billion) in Alpha Wave Ventures II; a venture fund which focuses on financial tech, artificial intelligence, life sciences, consumer internet, and B2B. With the investment, Alpha Read more

Turkey’s first nuclear plant project takes hit as result of Russian sanctions

Turkey’s $20-billion plant project, the first ever by the country, is being threatened as Western sanctions heap up on Russia over its invasion of Ukraine. Operations of the first reactor of the Akkuyu Nuclear Power Plant, located on the Mediterranean Read more

Egypt inks agreement with E3i to set solid waste treatment and recycling plant in governorate of Fayoum

The Egyptian government has signed a memorandum of understanding (MoU) with Energy3 International (E3i) for the establishment of a solid waste treatment and recycling plant in the governorate of Fayoum, Arab Finance reported citing official statement. E3i, under the deal, Read more

India keeps Egypt on shortlist of countries for wheat export after heat wave impact

India has exempted Egypt from its ban on wheat exports after heat waves dealt a blow to the crop’s production, reports say. Egyptian Minister of Agriculture Al-Sayed El-Quseir reportedly Sunday told Bloomberg Agency that India’s decision of last week will Read more