Africa

AD Ports appoints Egyptian contractor to build infrastructure for Noatum Ports – Safaga Terminal

The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk

Dubai DET, IHG Hotels & Resorts partner for joint marketing and training initiatives

Both organizations will develop tourism products highlighting Dubai's unique attractions, like cultural tours and seasonal packages

DP World begins maritime works on $1.2 billion Senegal port

An economic zone is set to be established near the Ndayane port and Blaise Diagne International Airport

Economy Middle East and ADGM sign MoU announcing return of Economy Middle East Summit in 2025

Building on the inaugural summit's success, this partnership aims to strengthen the UAE's role as a global economic and innovation hub

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

DIEZ’s Tradeling acquires Axiom Telecom to fuel growth in MENA’s e-commerce market

Tradeling, MENA’s largest B2B e-commerce platform, poised for annual revenue of over AED2 billion

Etihad Airways expands Africa network, launches flights to Nairobi

The Nairobi launch follows the successful introduction of services to nine other cities in 2024

La Niña’s impact on 2024’s record-breaking heat: What you need to know

New report suggests that 2024 might be the hottest year on record

AI in sports forecasted to hit $19.2 billion by 2030: Report

AI expected to generate $8.5 billion for GCC media and entertainment by 2030

Why MENA business leaders must prioritize mental health in their strategy

PwC’s Hopes and Fears report reveals that only 33 percent of employees in the Middle East feel their well-being is a priority at work

Dubai Holding’s Jumeirah expands into Africa with exclusive island, private safari reserve

Jumeirah Thanda Island and Jumeirah Thanda Safari will open for bookings starting December 2024

Etihad Airways to double Africa network in 2025, operate 57 weekly flights

Currently, the airline serves four cities in Africa with 39 frequencies a week

Emirates World lands in Casablanca: The largest store yet, spanning over 500m²

The opening marks the second Emirates World opening in Africa, and the seventh globally

UAE National Day: Popular travel destinations for the long weekend

Mumbai and Kochi topped the list this year for their vibrant atmosphere, rich cultural diversity, and convenient travel times

Emirates adds fifth weekly flight to Madagascar and Seychelles to meet seasonal demand, enhance traveler flexibility

The extra weekly flight, operating as EK707 and EK708, will feature a 3-class configuration

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