AlShaya halts sale of Starbucks stake
Kuwait's AlShaya Group has halted the sale of a stake in its Middle East, North Africa, and Central Asia Starbucks…
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North Africa
Egypt, Wuhan FiberHome sign deal to establish fiber optic cable factory
Egypt and Wuhan FiberHome International Technology signed a Memorandum of Understanding (MoU) aimed at bolstering…
US thermal coal exports to Asia, Africa increase, European shipments decline
US thermal coal exports surged to Asia and Africa in the first half of 2024, contributing to an overall rise in US…
Indian TCI Sanmar to build $150-m ethylene station in Egypt
Indian TCI Sanmar Chemicals plans to invest $150 million to establish a new ethylene receiving and transfer station…
S. Arabia 2nd in ’24 VC rankings
Saudi Arabia achieved the second position in emerging-market venture capital for the first half of 2024, closely…
Nokia eyes expanding operations in Egypt
HMD Global, the parent company of Nokia Mobile, reiterates its commitment to expand manufacturing in Egypt. In a…
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,…
Apollo targets stake in AlShaya’s Starbucks
Apollo Global Management Inc., a U.S. private equity firm, is negotiating to acquire a minority stake in the…
PLASTEX 2024: 30 years of leading plastics and rubber solutions in MENA
PLASTEX 2024, the leading plastics and rubber exhibition in the Middle East and North Africa, is preparing for its…
Algeria applies to join BRICS with $1.5 bln support
Algerian President Abdelmadjid Tebboune announced on Friday that state applied to join the BRICS group and…
