Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025. Estimates put total government revenues for 2025 at approximately US$320 billion, which would create a deficit of US$27bn.
$4 billion infrastructure and road projects ready for Expo 2020: RTA
The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of Expo visitors using various transit means from the metro and bus stations inside and outside the emirate in addition to taxis deployed at the site.
Iraq to rid its power woes with solar energy
Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW of clean, renewable energy for the power-starved, oil-rich country.
Six new projects approved for development of Hatta
Tourism and water have been the economic mainstay of Hatta, an inland exclave of Dubai.
Egypt ties up with Sudan to map geothermal energy potential
The two countries will also expand the installation of fixed and mobile seismic stations.
UAE, Saudi Arabia realty growth trumps Covid-19
Timely preventive measures such as vaccination of frontline construction workers, embracing new technologies , financial stimulus packages, loan relaxation and other strategies dented the effects of Covid-19 on real estate sector.Dubai Investments to deliver $953m mixed-use projects by H2
The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center project in Fujairah.
France to invest 3.8bn euros in Egypt projects
Egypt's public transport, renewable energy sectors among 9 other projects to receive investment With the billions in financing, Egypt has become "a strategic economic partner of France” French Finance Minister Bruno Le Maire on Sunday signed agreements with Egypt to invest 3.8 billion euros in the most populous Arab country's...
South Sudan: New WB funding to address food insecurity, locust crisis
Two new projects totaling $116 million aim to restore livelihoods, food security The country faces increasing levels of food insecurity despite increased production World Bank has approved two new projects totaling $116 million for South Sudan that aim to strengthen the capacity of farmers, improve agricultural production, and restore livelihoods...
Aid for Egypt’s cotton industry, Sudan’s dairy sector
In Egypt, the goal is to revive the cotton industry by supporting growers to cultivate sustainable cotton. In Sudan, dairy enterprises will be provided with technical assistance for food safety production The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IDB), has partnered with...
