Hedge funds in Middle East are abuzz with excitement, posting double digit gains in August this year, after a weak performance in 2020.

The Fund approved an additional $980 million to respond to Covid-19

Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to the tune of $126.4 billion during 2020.

The UAE is also the largest foreign investor in Egypt, as it contributes to projects with capital exceeding $7bn Egypt’s exports to the UAE were $2.882bn in 2020, compared to $2.51bn in 2019 The volume of trade between Egypt and the United Arab Emirates shot up to $4.11 billion in...

Libyan crude oil has a low sulfur content and is suitable for the production of fuel oils for Hawaiian electrics Oil reserves in Libya are the largest in Africa and among the ten largest globally About 20 percent of Hawaii’s crude oil requirement in 2020 was met by Libya, Par...

The kingdom is almost twice the size of the region’s second-largest economy, Egypt The UAE is the third largest Arab economy with GDP of $354.3 billion The Saudi economy alone was 29.3 percent of the $2.39 trillion Arab economy in 2020. The Kingdom’s $700.1 billion in nominal GDP was almost...

IEA has said renewable sources of energy grew at their fastest clip in 2020 in this millennium The world added enough infrastructure to produce 280 GW of energy via renewable sources in the year gone by   Wind, solar and other renewable sources of electricity showed in 2020 their fastest...