Africa

Egypt’s net foreign assets deficit falls to $1.36 billion in March: CBE

International reserves increase to $40.361 billion from $35.311 billion in February

Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent

SCZONE inked 14 agreements with major Chinese companies to boost investment

Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President

Adesina said the devastating African drought demands urgent, collective action to boost support and financing

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

Egypt’s GDP expected to reach 4 percent in FY 2024/2025: Ministry of Finance report

The report predicts an 18.1 percent average annual headline inflation rate

Egypt targets 3-5 year timeline for IPO program, finance minister reveals

Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

EFG Holding Group CEO Karim Awad: Investing in infrastructure and innovation to stay ahead

Future-proofing business key to meeting shareholder expectations and long-term success

Embracing new opportunities amid shifting global economic dynamics

Insights into economic trends, entrepreneurial efforts driving growth in UAE and KSA

Bain & Company on hitting sustainability goals, overcoming challenges and leveraging opportunities

70 percent of MENA organizations have clear targets, Bain & Company Middle East reveals

OPEC oil output dips in March amid voluntary cuts and export challenges

Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint

OPEC Secretary General predicts persistent global demand for oil in the coming decades

OPEC believes that the oil industry will need approximately $11.1 trillion by 2045

UAE, Kenya to forge digital corridor, partner on AI, data centers, and digitalization

The data center projects will boast a total capacity of up to 1,000 megawatts

Visa bolsters fraud protection with three new AI-powered solutions in Visa Protect suite

The newest services include the cutting-edge immediate fraud solution, expanded network-agnostic fraud mitigation

Investopia 2024: IOTA Foundation launches $10 million investment fund

The fund cements Investopia's position as a global incubator for technology innovation investments, digital trade, and new economy projects

Egypt, Türkiye forge $7 billion investment deal for new industrial zone

The project could create more than 20,000 job opportunities

Abu Dhabi’s G42 partners with EcoCloud to set up geothermal-powered data center in Kenya

The data centre will have an initial capacity of 100MW, with the potential to build up to 1 gigawatts

ADNEC to organize Bitcoin MENA Conference 2024: Uniting global industry leaders in Abu Dhabi

The event will discuss the potential, challenges, and innovations within the evolving Bitcoin ecosystem

LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups

The initiative seeks to advance tech sectors in the Middle East and Africa

Key takeaways from the 18th EFG Hermes annual one-on-one conference opening session

Exploring the depth of FEM and the inherent potential of the region

MWC 2024: Ericsson, MTN Group announce MoU to boost sustainability and digital skills across Africa

The deal aims to promote innovative ICT solutions, provide industry-leading and sustainable products