Africa

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

OPEC Fund grants $20 million loan to support agricultural development in Malawi

This initiative will promote food security, reduce poverty, and improve livelihoods for 130,000 individuals

BRICS expansion: Nine new partner countries set to join in January 2025

Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda, and Uzbekistan will join BRICS as partner countries

Investopia Tokyo explores investment and financing opportunities in Japanese markets in fintech, new economy

Bin Touq: ‘Investopia Tokyo’ creates promising economic and investment opportunities for the UAE and Japanese business communities

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