Africa

World Bank forecasts Egypt’s economic growth at 4.2 percent in FY2025/26 amid inflation relief

This GDP growth is driven by private consumption, easing inflation, strong remittances, and improved sentiment

Riyadh to host Global Labor Market Conference featuring 45 labor ministers, 200 experts

The event will focus on international collaboration and youth employment

Emirati students headed to NASA space camp as Arab Health marks 50th anniversary

The scholarship offers students immersive space and science learning opportunities

UAE leads five Arab nations in attracting 145 foreign automotive projects worth over $22 billion in 2024

The automotive sector in Arab countries attracted 184 foreign projects valued at more than $25 billion from 2003 to 2024

Wizz Air Abu Dhabi reaches milestone with 3.5 million passengers in 2024

The ultra-low-fare airline unlocked more than 4.4 million ultra-low-cost seats

flynas celebrates first direct flight between Riyadh and Entebbe in Uganda

flynas will operate three weekly flights on the new route between Riyadh and Entebbe

Emirates SkyCargo to expand capacity with new Boeing 747 freighters to meet global demand

This translates to a 15 percent increase in vital main deck cargo capacity when compared to January 2024

Abu Dhabi’s Tadweer Group launches 40 percent emission reduction plan by 2035

Tadweer Group is poised to make significant strides in environmental responsibility

Egypt’s non-oil merchandise exports surpass $40.8 billion in 2024

The leading markets importing from Egypt include Saudi Arabia, the UAE, Türkiye, and Italy

UAE’s Comprehensive Economic Partnership Agreements: A path to enhanced global trade in 2025

UAE's CEPA initiative targets $1 trillion trade and $800 billion economy by 2031

UAE leads Egypt’s foreign trade with $9.3 billion in 2023/2024

Egypt’s foreign trade surpassed $104.7 billion in FY 2023/24

Amnah Ajmal on leadership, technology, and driving change beyond finance

The Mastercard EEMEA executive shares her over two-decade journey of breaking barriers and redefining leadership

Central Bank of Egypt reports $2.2 billion increase in gold reserves for 2024

This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023

Joseph Aoun: Regional, global support for Lebanon’s newly elected president 

Pivotal figures like UAE President and Saudi’s King Salman offered best wishes for Aoun's leadership and Lebanon's stability

Ten startups selected for second edition of MIT DesignX Dubai Accelerator

The program features a comprehensive curriculum crafted by MIT, which has proven successful in its first cohort

flynas expands Africa network, celebrates first direct flight between Jeddah and Djibouti

Airline started operating three weekly flights between Jeddah and Djibouti, further expanding travel options to and from Africa

Egypt’s tourism surges with 15.7 million visitors and plans for 40,000 new hotel rooms

Egypt's tourism revenue rose 5 percent to $6.6 billion in H1 2024, up from $6.3 billion in 2023

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

At the close of August 2024, Egypt's net international reserves reached $46.597 billion

BRICS bloc officially welcomes Indonesia as new member

Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development

Air Arabia launches three weekly non-stop flights to Ethiopia

Air Arabia will fly to and from Ethiopia's capital every Tuesday, Thursday and Saturday

Egypt receives first $1.03 billion EU funding installment

Discussions are currently in progress to approve a second tranche of $4.14 billion

Egypt approves $131 million agreement with AfDB for private sector development

This approval follows a EUR1 billion EU support initiative endorsement