AFC raises $1.16b syndicated loan to close Africa infrastructure gap
AFC, the main provider of infrastructure solutions in Africa, has closed its largest-ever debt facility, a $1.16…
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middle east
Oil prices up amid tensions, supply concern
Oil prices saw an uptick in early Asian trading on Monday due to worries about a tightening global supply,…
Telecom Egypt, EXA sign pact to boost data traffic – Cabinet statement
Telecom Egypt and EXA Infrastructure signed an agreement to consolidate international data traffic vi "WeConnect",…
Oman plans IPO for state-owned logistics company
The Oman Investment Authority (OIA) is in the process of planning an initial public offering (IPO) for Asyad Group,…
Singapore witnesses 8% increase in middle distillates stockpiles
Singapore witnessed an 8 per cent increase in middle distillates stockpiles, reaching a high not seen since…
Middle East to become sole region boasting $3tn funds
The Middle East, abundant in oil wealth, is on the brink of becoming the sole region boasting three trillion-dollar…
Mercedes forecasts sales drop amid global tensions
Mercedes-Benz predicted a drop in sales returns for its cars and vans division in 2024, according to a Thursday…
Egypt’s MOPCO net profit hits EGP 5.9 bln in ’23
Egypt’s Misr Fertilizers Production Company (MOPCO) achieved a net profit of 5.97 billion Egyptian pounds in 2023,…
IMF: Red Sea shipping activity down 50% due to Gaza war
Shipping in the Red Sea has decreased by 50 per cent due to geopolitical tensions and the conflict in Gaza,…
IMF chief confident in economic outlook despite uncertainties
International Monetary Fund’s (IMF) managing director Kristalina Georgieva expressed confidence on Sunday in the…