Africa

Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024

The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year

UAE, Mauritius to deepen cooperation in water, energy, sanitation

Areas of collaboration included renewable energy, hydrogen, liquefied natural gas

IHG thrives in the Middle East’s booming travel and tourism market

Leading hospitality brand to open 70 hotels in the region in the next few years

Hilton accelerates growth in the Middle East

New openings to bolster its position as a leading hospitality brand in the region

Four Seasons’ people and culture of service are drivers of hospitality group’s success

Innovative offers – from jet to yacht experience – continue to excite guests from around the world

China’s Xinxing Ductile to invest $400 million in Egypt within 5 years

In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory

Saudi Arabia, Mauritania to cooperate in electricity, renewable energy, and clean hydrogen

The deal aims to enhance electricity system reliability through knowledge exchange and partnership

UAE to add 6.34 GW power capacity from 12 green projects by 2030: Energy Industries Council

These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance

Saudi Arabia’s ICT spending to reach $37.5 billion in 2024

According to experts, the Kingdom is the region's fastest-growing IT market

ADQ forms framework agreement worth up to $500 million investment in Kenya’s priority sectors

Kenya has the largest economy in East Africa and is projected to grow at 5-6 percent in 2024

Russian businesses eye UAE’s market for global development, expansion

Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries

UAE’s AD Ports secures 20-year agreement to operate, upgrade Angola’s Luanda terminal

AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola