SCF is a financing technique used by a number of different businesses, primarily producers, trading houses and lenders. Commodity producers can benefit from the SCF by receiving financing to ensure cash flow is available for maximum production with the intention of repaying the loan once exports begin. The Structured CommodityRead More →
As the international economy groaned under the impact of the pandemic and a contraction in global GDP of 3.60%, Egypt celebrated a world record growth rate above 3% in both 2020 and 2021 The Egyptian government has received the expected praise from the government in Washington. based financial temples, whichRead More →
Algerian energy planners and innovators will find a unique opportunity to showcase their work in transitioning to renewable energy; Middle East Energy (www.MiddleEast-Energy.com) 2022 live and in-person will take place at the Dubai World Trade Center from March 7-9. According to Azzan Mohammed, director of next Middle East Energy Dubai’sRead More →
DUBAI: In October 2019, as Turkey massed its forces on the border with northeast Syria, threatening to invade and carve out a so-called safe zone, Kurdish communities a few miles away are looking to their powerful ally in Washington for help. The US military could keep the forces of itsRead More →
Only the energy and tourism sectors are likely to be impacted by the military conflict Oil producers could also benefit if they decide to intervene to stabilize the market and increase production, which poses an upside risk to the GDP growth forecast. — Photo of the AP file Published: SunRead More →
Sami Mahroum, DUBAI — For centuries, the streets of Cairo have been adorned with traditional lanterns to celebrate the holy month of Ramadan. In recent decades, locally produced lanterns have been replaced by cheaper Chinese-made lanterns. Yet due to the disruption of global supply chains caused by the pandemic, Egyptian-madeRead More →
New partnerships expand digital transformation and media capabilities to serve one of the fastest growing consumer populations and expand the global challenger marketing network across six continents. NEW YORK, February 23, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the expansion of itsRead More →
Although leading metrics of digitalization and e-commerce are steadily increasing in the Middle East and North Africa, the outlook is anything but rosy. Not only is internet access largely limited to those with higher incomes, but the bulk of traded goods and services come from foreign suppliers. DUBAI — ForRead More →
DUBAIWATER, February 23, 2022 /PRNewswire/ — Finastra today announced its partnership with DataGear, a leading provider of banking and financial services in Egypt, to enable corporate banks to streamline core operations, automate compliance and reduce costs. DataGear will provide its customers with solutions from Finastra, Fusion Corporate Channels and FusionRead More →
DUBAI: The late British novelist Agatha Christie – known as the ‘queen of crime’ – was a woman of extraordinary talent. Although she had no formal education as a child, she taught herself to read at the age of five and, at the time of her death, aged 85 inRead More →
Investment oi-Roshni Agarwal | Posted: Wednesday February 16th 2022, 05:50 PM [IST] Shares of small cap company – Va Tech Wabag, with an 8.04% stake held by Rakesh Jhunjhunwala, surged in trading as high as 15.59%. Later, the action at the close ended with gains of 8.75% at Rs. 321.75Read More →
CaixaBank corporate building in Madrid • The International Finance Corporation (IFC), a member of the World Bank Group, has named CaixaBank “Best Confirming Bank” under the Global Trade Finance Program (GTFP) for the second consecutive time. • CaixaBank was also recognized for the first time as “Best confirming bank inRead More →
The African Union (AU) yesterday suspended its debate on Israel’s status as an observer state. A group of countries have been calling for a vote for a few months on a decision taken last July by the chairman of the AU Commission, Moussa Faki Mahamat, to grant such a statusRead More →
JERUSALEM — Buoyed by progress in normalization with three Arab countries that could mark a game-changer for the Middle East, Israel is beginning to see itself as a key player on the world stage. Then-US President Donald Trump sponsored the Abraham Accords between Israel and the United Arab Emirates andRead More →
Recasts with annual oil import TOKYO, January 31 (Reuters) – Japan’s crude oil imports rose 0.5% to 2.49 million barrels per day (144.66 million kiloliters) in 2021 from a year earlier, marking the first increase in nine years, according to preliminary data released by the Ministry of Economy, Trade andRead More →
LONDON: US envoy to Yemen Tim Lenderking met with senior UK and Gulf officials in London, as part of his first tour of 2022 to reinvigorate peace efforts in coordination with the UN.In talks with UK Middle East and North Africa Minister James Cleverly, the two sides stressed that theyRead More →
Market share of global warming mitigation and adaptation in the United States and China Market Segmentation Vectors The 1st report that features a bottom-up analysis of hundreds (460) global warming mitigation sub-markets WASHINGTON, DC, USA, Jan. 26, 2022 /EINPresswire.com/ — The new market report published by HSRC, Global Warming MitigationRead More →
Spain has grown its halal tourism and food sales, leveraging its geographic proximity to Muslim countries in North Africa to provide travel and accommodation services. In the CrescentRating Global Muslim Travel Index 2021, Spain climbed six positions to rank 16th among the top non-member destinations of the Organization for IslamicRead More →
An Emirates flight from Dubai to Muscat has been canceled after baggage handlers discovered a snake in the hold of the plane. (AFP) Other countries required to take an additional PCR test on arrival are Iraq, Jordan, Lebanon, Morocco, Sudan, Syria and Tunisia in the Middle East. The list alsoRead More →
By AGGREY MUTAMBO The United Arab Emirates (UAE) seeks to tap into the financial muscle of wealthy Africans and other investors around the world from friendly countries as part of a shift in strategy to recover from the pandemic by capitalizing on warm relationships. Details are contained in a specialRead More →
The COVID-19 pandemic, the invasion of the Capitol by supporters of then-incumbent US President Donald Trump, the return of the Taliban to power and the precipitous withdrawal of the Americans from Afghanistan, increasingly alarming reports on climate change . Here are the main events of 2021 around the world. –Read More →
Richest Arab in the World 2021 This year there are 22 Arab billionaires in the world compared to 2020, while the 2019 list omitted Kuwaiti Kutayba Alghanim, but again welcomed Qatari Hamad bin Jassim Al Thani with an estimated fortune of 1.3. billion dollars, and the Moroccan Othman Benjelloun &Read More →
CAIRO: Egyptian copper exports increased 130% in 2021 between January and October, the National Building Materials Exports Council said in its latest report. According to statistics, copper exports reached $ 296 million during the period, compared to $ 129 million during the same period in 2020. Egypt exported copper toRead More →
RIYAD: The president of the Canadian company Ivanhoe Mines Ltd. called the Kingdom’s mining potential “huge”, saying “Ivanhoe would love to be a part of it.” “We believe that the [Arabian Shield’s] the potential is limitless for diamonds, rare earths, lithium, copper, gold and other minerals that we haven’t evenRead More →
The Permanent Representative of Qatar to the United Nations, Ambassador HE Sheikha Alia Ahmed bin Saif Al Thani and Consul General in New York HE Mohammed bin Sultan Al Kuwari during the ceremony in New York. Doha: The diplomatic, consular and representative missions of the State of Qatar continued theRead More →
DUBLIN, December 20, 2021– (BUSINESS WIRE) – The report “Global Cement Market (Production, Consumption, Imports and Exports): Information and Forecast with Potential Impact of COVID-19 (2020-2022)” has been added to ResearchAndMarkets.com offer. The global cement market is expected to register a value of US $ 401.10 billion in 2025, growingRead More →
For Tunisia, 2021 was carefully marked by dramatic scenes that showed how the Arab Spring’s only success story could end. Nationwide protests of anger over poverty, police brutality, the country’s political elite and a spiraling Covid-19 pandemic, followed by the startling announcement of an attempt to poison President Kais SaiedRead More →
(MENAFN- UkrinForm) Ukraine and Egypt have great potential to expand their trade and economic cooperation. This is according to the government press service referring to a report from the Ministry of the Economy, Ukrinform wrote. On December 16, 2021, the eighth meeting of the Intergovernmental Joint Commission on Economic, ScientificRead More →
Ukraine and Egypt have great potential to develop their trade and economic cooperation. This is according to the government press service referring to a report from the Ministry of the Economy, Ukrinform wrote. On December 16, 2021, the eighth meeting of the Intergovernmental Joint Commission on Economic, Scientific and TechnicalRead More →
Saudi Arabia was among the top countries in the Middle East and North Africa for new venture capital deals in the third quarter of 2021, with startups in the Kingdom raising SR 769m ($ 205m) from of 91 transactions. This is an increase of 439% from figures a year agoRead More →
Since October, journalists from the Middle East and North Africa have published articles based on a mine of nearly 12 million leaked documents exposing the grim offshore financial system that allows the rich and powerful to get rich, often at the expense of the public. These documents, which come fromRead More →