Dubai SME joins hands with CXDA to attract investment
DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...Business Economy
Qatar PMI data reveals ‘stable business conditions’ in non-energy sector
Doha, Qatar--Qatar's non-energy private sector registered broadly stable business conditions in December, the latest Purchasing Managers Index (PMI) survey data...Business
Morocco is Africa’s new automotive manufacturing hub
Morocco’s Automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021, and creating over 220,000...Morocco’s Automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021, and creating over 220,000 direct jobs.
According to several international experts Morocco’s auto industry is set to contribute to as much as 24% to the Moroccan GDP by 2022
Digital upskilling key to MENA economic revival
About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a...An independent survey of Middle East CEOs conducted by Price Waterhouse Coopers in 2020 revealed that 70 percent believe that a lack of digital skills is a threat to their business
A recent report by Korn Ferry, the US management consulting firm, predicts a global talent shortage of more than 85.2 million people by 2030
DP World says disruption of global supply chain to continue
DP World says the disruption of the global supply chain will not end any time soon because of the shortage...And therefore the disruption affecting global trade will continue for “a long time”
"The problem is complicated because you have a backlog of shipments"
Egypt and Greece to sign a deal for power interconnection
Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on...It will constitute the first interconnection between Europe and Africa in the Southeastern Mediterranean region
The agreement comes a week after Egypt’s signing of an $1.8 billion electrical connection project with Saudi Arabia
Etihad raises first ESG loan in global aviation
Etihad Airways has raised $1.2 billion in what is the first sustainability-linked loan tied to ESG targets in global aviation.Etihad selected HSBC and First Abu Dhabi Bank as the strategic partners and financiers for this transaction
The two acted as Joint ESG Structuring Banks, Joint ESG Coordinators, Joint Bookrunner and Mandated Lead Arranger
Egypt stops buying wheat due to high cost
Egypt, the world’s biggest importer of wheat, has stopped buying the grain because the price of it is too high...This is the fourth time this year that Egypt has balked at offers in a tender
The country imports huge amounts of wheat in order to subsidize bread for its citizens
Saudi Industrial Development Fund unveils three new products
The Saudi Industrial Development Fund has unveiled a set of programs and initiatives as part of its annual meeting to...The launch included a land, a logistic loan, a supply chain financing product and an industrial business incubator program
Over 60 logistic zones will be developed by 2030 to support exports, e-commerce and re-export operations
CBUAE, ADGM to cooperate in FinTech sector
CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.Under the agreement, CBUAE and ADGM will enhance the collaboration under their co-sandbox program
This will enable FinTech companies to test their innovative solutions under the existing digital sandbox program
Fertiglobe IPO may raise $827m
The IPO starts Wednesday and will continue to October 18.The IPO price range of $0.66 to $0.72 implies equity valuation of $5.5bn-$6bn.
The company expects to distribute a dividend of $200 million in April 2022 for the H2, 2021.
Tunisia, Morocco hoteliers eye an end to Covid woes
Tunisia found itself on European nations' red lists, making it virtually impossible for holidaymakers from major markets including France, Germany...In a good year like 2019, Tunisia registers about nine million hotel stays, and the tourism sector accounts for up to 14 percent of GDP.
Roughly 3.5 million visitors entered Morocco by the end of August, up from 2.2 million the year before.
