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    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

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    $36mln contract for construction of Duqm fisheries complex

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    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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      Profits at top Saudi banks jump 17.6% in Q1

      Profits at top Saudi banks jump 17.6% in Q1

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      $36mln contract for construction of Duqm fisheries complex

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      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

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      Madayn working on major Oman industrial city projects

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      Foundation stone laid for new 700-bed hospital is Salalah, Oman

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        Fitch revises Saudi Aramco’s outlook to positive from stable

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

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              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              ADFD finances $1.55 billion worth of projects in Jordan

              Emirates News Agency (WAM)

              June 7, 2017
              in Economy, Infrastructure
              0

              The Abu Dhabi Fund for Development (ADFD) has announced providing financing for 31 development projects in Jordan.

              The projects, which had a cumulative value of $1.55bn (AED5.7bn), were funded through government grants and concessionary loans, UAE state news agency, WAM, reported.

              The development works were said to cover several sectors, including mining, water and irrigation, transport, housing, agriculture, energy, education, and healthcare.

              In a report that it released yesterday, to coincide with Jordan’s 71st Independence Day, ADFD noted that it has been enjoying close ties with the government of Jordan since 1974, with both parties working together to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population.

              ADFD manages the $1.25bn (AED4.6bn) UAE government contribution to the Gulf Development Fund, a five-year grant programme of the GCC to finance development projects, in line with the Jordanian government’s strategic objectives.
               
              Congratulating Jordan’s people on its Independence Day, Mohammed Saif Al Suwaidi, director-general of ADFD, said that the UAE and Jordan have enjoyed a strong fraternal bond, adding that the UAE is keen to support friendly countries in achieving their sustainability and socio-economic agendas.

              Imad Fakhoury, Jordanian Minister of Planning and International Cooperation, commented: "Through ADFD, the UAE government has provided funding for projects that advance Jordan’s development priorities and socio-economic well-being since 1974.

              "The Jordanian government sees ADFD as an essential partner of its long-term growth efforts. The fund has successfully managed, allocated and distributed concessionary loans and grants to key sectors in Jordan, most notably infrastructure, healthcare, industry and mining, and water and irrigation."
               
              Among the most prominent projects administered by ADFD, as part of the $1.25bn (AED4.6bn) UAE grant to the Gulf Development Fund programme for Jordan in 2012-2017, is the $25m expansion of the King Hussein Cancer Centre. The project is scheduled for completion by the end of 2017, according to WAM.

              ADFD has also contributed about $200m to fund the first phase of the expansion works of the King Hussein Medical City, including the construction of a 940-bed hospital with a capacity of 1,200 patients per day.

              A $34m project aims to build 85 new schools featuring modern science laboratories and advanced educational equipment, to cater to the growing number of students and enhance the education sector in Jordan. The project is scheduled for completion by the end of 2017.

              A $17m project to increase the efficiency of irrigation systems and water conservation has now been completed. The works included the replacement of calcified pipes, as well as the construction of walls and an underground drainage system for protection from floods.

              ADFD also financed a $49m project covering the construction of two concrete dams – the Zarqa-Ma’een and Kufranjah dams. The goal behind the project is to optimise the use of rainwater, meet the growing demand for drinking and irrigation water, and improve water output and transfer, in line with industry standards.

              A four-phase project valued at $150m will include the construction of an environment-friendly solar photovoltaic power plant in the Al Quweira region, which will take place from September to December 2017. Once connected to the national grid, the plant will generate 100MW of energy.

              A $210m project will provide storage units to maintain a reserve of petroleum products sufficient for 60 days of domestic consumption across Jordan, enhancing the country’s oil security and infrastructure. The project is scheduled for completion in September 2017.

              A $33m project that aims to meet Jordan's liquefied petroleum gas (LPG) needs has now been completed, ensuring the continuity of gas and electricity supply in the country.

              The fund also financed a $186m project that covers the development of 15 roads, of which 12 have been completed and the remaining three nearing completion.

              With the aim of modernising public universities, a $126.9m programme will equip nine official universities with better infrastructure and newer technical apparatus.

              Grain Silos, a $70.5m project, aims to expand the Juwaideh and Aqaba silos to increase the holding capacity of essential food grains, particularly wheat and barley. With 75% of the works completed, the Juwaideh silo is scheduled for handover in Q1 2018.
              Emirates News Agency
              7 June
               

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