Africa

Dubai International Chamber attracts 157 multinational companies, SMEs from Q1 to Q3 of 2024

The Chamber successfully supported 75 local companies expanding into global markets

G20: Crown Prince of Abu Dhabi engages in talks with Presidents of France, Egypt, and South Africa

Yesterday, Sheikh Khaled also engaged in official discussions with Brazilian President Luiz Inácio Lula da Silva

UAE sustains role as key regional hub for trade, business, travel: World Bank

This prominence is due to the country's successful economic diversification and reduced reliance on oil 

COP29: Egypt reiterates 42 percent renewable energy target for 2030, calls for international support

As of July 2024, solar, wind, and hydropower make up 11.5 percent of Egypt's electricity generation 

Cityscape Global 2024 offers attendees access to entire real estate ecosystem

Future of Living Stage reveals 135km "green spine" to enhance quality of life in Riyadh for both tourists and residents

Sheikh Maktoum, Visa’s Oliver Jenkyn meet to advance innovation in fintech and digital financial services

This meeting underscores the UAE's commitment to collaborating with global fintech leaders to foster innovation 

September 2024 passenger demand soars with 7.1 percent growth in RPKs: IATA

In terms of total capacity, evaluated through available seat kilometers (ASK), there was a year-on-year increase of 5.8 percent 

Fitch raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook

The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives 

IMF to review Egypt’s loan program on Tuesday with GDP growth projected at 4.2 percent for FY2025

Georgieva noted that Egypt's inflation reached 37 percent in 2023 but has decreased to between 25 percent and 26 percent

Emirates ramps up Africa network with more flights to Entebbe, Addis Ababa, Johannesburg

Emirates will increase frequency in Ethiopia, with a daily flight connecting Dubai and Addis Ababa from January 1, 2025

Etihad Airways to launch new flights to Egypt’s Al Alamein starting July 2025

The move will offer travelers direct access to the Al Sahel region, renowned for its vibrant and rapidly developing coastal resorts 

Orange Middle East and Africa, Mastercard collaborate to digitize payments for millions across Africa by 2025

Partnership to empower millions of Orange Money wallets with digital payments by 2025, boosting financial inclusion in seven countries

Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt

The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences

Central Bank of Egypt holds key interest rates steady amid inflation control, mixed economic indicators

The committee noted that this decision reflects recent global and local developments

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

Egypt’s inflation reaches 26.4 percent in September driven by fuel, electricity hikes

On a month-to-month basis, prices increased by 2.1 percent, consistent with the previous month's 2.1 percent rise

How Alef Education shapes the future of learning in MENA

EdTech company’s innovative products include Alef Platform, Arabits, and Alef AI Tutor

Egypt’s external debt falls by $15 billion in six-month period, says PM Madbouly

Egypt's external debt stood at $168 billion in December 2023 and fell to $152.8 billion by last June

Emirates makes touchdown to Lagos, Nigeria

The daily service is strategically scheduled to optimize connections to key locations, enhancing business and leisure travel to and from Nigeria

DP World expands investment plans in Mozambique to enhance regional trade opportunities

The logistics giant has long operated at the Port of Maputo and recently extended its concession by 25 years, now lasting until 2058 

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation

Mastercard, Amazon Payment Services to enable digital payment acceptance across Middle East and Africa

The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region