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King Mohammed VI on Saturday delivered a speech to the Nation on the occasion of the 69th anniversary of the Revolution of the King and the People. Here follows the full text of the royal speech: “Praise be to God, Read more
King Mohammed VI has laid out his vision to attract more foreign investment in an unstable environment marked by the continuing impacts of the COVID19 crisis and the effects of major international developments on the national and the global economy. Read more
Wefox, a Berlin-based insurtech, has closed a $400 million Series D funding round led by Abu Dhabi Mubadala Investment Company, reports say. Other investors include Eurazeo, LGT, Horizons Ventures, OMERS Ventures, and Target Global, Wefox sells insurance to intermediaries and Read more
The Tunisia-Africa Business Council, TABC, will hold a summit in September in Togo, a West African country considered as an opportunity hub for investors. The Conference, one-off for the West African country, will take place 11-15 September. TABC, in a Read more
Bahraini King Hamad bin Isa Al Khalifa and visiting Egyptian leader Abdelfattah al-Sisi signed Wednesday a group of Memorandum of understanding (MoU) covering several areas including technology and investment. Al-Sisi travelled to the Gulf country to attend the inauguration of Read more
The Kingdom of Saudi Arabia and Italy have signed a Memorandum of understanding (MoU) to set up a business council between the two countries. Saudi and Italian representatives from the private sector, reports say, discussed investment opportunities in the fields Read more
Egypt is currently negotiating with Qatar on new investments ranging between $2bn-3bn, Minister of Finance Mohamed Maait announced on Monday, Zawya reports. Maait did not provide details but the announcement comes after Qatar’s ruler Sheikh Tamim al Thani visited Egypt Read more
Egypt and Qatar are holding talks to expand investments in new areas and increase their volume, especially in the energy sector, Egypt’s Minister of Trade and Industry Nevin Gamea said, Arab News reports. The Egyptian official took part in the Read more
Egyptian President Abdelfattah al-Sisi Monday praised Saudi Arabia and the UAE for supporting the Arab African country economically as it faces an acute economic hardship compounded by the Russia-Ukraine crisis, Middle East Monitor (MEMO) reports. “Saudi Arabia and the UAE Read more
Saudi-based dairy giant Almarai is looking to enter the seafood market with an investment of $67 million (SR252 million). The investment will be used to fund Almarai’s seafood processing facility, the company said in a statement to the Saudi bourse. Read more