Egypt receives 1st $5b for Ras El Hekma deal
Egypt’s Prime Minister Moustafa Madbouly has confirmed on Thursday the receipt of a $5 billion payment as part of…
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United Arab Emirates (UAE)
Sisi: Egypt receives 1st payment of Ras El Hekma project
President Abdel Fattah al-Sisi of Egypt announced on Wednesday that the initial batch of the Ras El Hekma project’s…
Egypt’s sovereign USD bonds rally on Ras El-Hekma deal
Egypt's sovereign dollar bonds surged more than 1 cent on Monday, continuing the sharp rally after the UAE…
Alibaba discloses state ownership amid SEC inquiry
Alibaba Group Holding Ltd. revealed a broader network of Chinese government stakes in its business units, in…
UAE’s UDC to build new urban community in Cairo
Egypt's New Urban Communities Authority (NUCA) and the UAE’s UDC, real estate development company, signed a…
Egypt, UAE sign agreement to prevent double taxation
Egypt and the United Arab Emirates (UAE) signed an agreement on Sunday to eliminate double taxation on income and…
Bahrain plans to issue Eurobonds
Bahrain plans to issue a dollar bond with a two-tranche deal: a seven-year Islamic note with a 6.625 per cent…
UAE launches 1st enzyme-based fuel additives facility in MENA
The Industrial Development Bureau (IDB), a branch of the Abu Dhabi Department of Economic Development (ADDED)…
2023 global climate alarm: countries pledge net zero at COP28
In 2023, record-breaking temperatures and shocking natural disasters like floods, droughts, and storms marked many…
Cop28’s fossil fuel deal: a missed opportunity for global action
Scientists warned that the lack of a clear commitment to end fossil fuels at Cop28 is a serious threat to the…