Africa

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

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