India pays first crude oil payment to UAE in rupees
India and the United Arab Emirates made their first-ever historic crude oil payment in local currency, making…
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Goldman Sachs expects gradual cut in Fed interest by mid-2024
Goldman Sachs economists said on Sunday it expected the U.S. Federal Reserve to start cutting interest rates in the…
Egypt’s IDA offers 152 investment opportunities to bridge $30 bln import gap
The Egyptian Industrial Development Authority (IDA) has provided 152 investment opportunities in the industrial…
Mastercard to purchase minority stake in MTN’s fintech arm for $5.2 bln
South African telecommunications company MTN has signed on Monday an initial agreement with global payments giant…
Egypt seeks to sell train tickets in U.S. dollars for Arabs, foreigners
Egypt is seeking to raise up to $40 million from selling train tickets to foreigners and Arabs in U.S. dollars…
UAE’s DEWA selects Masdar to develop 1,800MW at MBR Solar Park
Abu Dubai Electricity and Water Authority (DEWA) selected state-owned renewable energy firm Masdar as the leading…
Zain KSA to launch world’s 1st zero-carbon 5G network in Red Sea
Zain Saudi Arabia has partnered with Red Sea Global (RSG), the developer behind the tourism projects The Red Sea…
Nigeria owes JP Morgan, Goldman Sachs $7.5bln
The Central Bank of Nigeria (CBN) is owing a $7.5 billion to American banks, JP Morgan and Goldman Sachs, according…
Egypt discovers remains of 41 million-year-old whale in desert
Palaeontologists in Egypt have unearthed a new species of extinct whale that lived 41 million years ago when whale…
Egypt’s private sector secures $2.1 bln loans in 2023 – minister
Egypt’s Minister of International Cooperation Rania Al-Mashat said on Sunday that the private sector has secured…