IFC invests $5.6bn to support private sector in Middle East and Africa
The International Finance Corporation, a member of the World Bank Group, invested $5.6 billion (Dh20.56bn) to support the private sector...
Finance
UDC enters into financing agreement for developing villas complexes in Floresta Gardens
United Development Company (UDC) has entered into a financing agreement for developing residential villas complexes and infrastructure in Floresta Gardens...
Bahrain adds $470mn in expenditures to 2020 budget for coronavirus impact
Bahrain will add around 177 million dinars ($470 million) to its 2020 state budget in emergency spending on fighting the...
Foreign direct investment projects in Oman up 7%
The number of foreign direct investment (FDI) projects in Oman was up 7% last year, the Arab Investment and Export...
Sisi ratifies Egypt’s 2020/21 budget
Egyptian President Abdel Fatah Al-Sisi ratified Law No. 85 of 2020 linking the state’s general budget for the fiscal year...
Oman upbeat about investor interest in PPP projects
With the Executive Regulations underpinning the landmark Public-Private Partnership (PPP) and Privatisation laws now officially published, local and international investor...
EBRD, EU to provide Egypt with €24.8mn to support green investments
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) announced on Sunday that they are stepping...
Iraq to set up future generations investment fund
Iraq is planning to set up an investment fund for the future generations as part of reforms intended to diversify...
Egypt largest recipient of FDI in Africa for 2019 by $9Bn: UNCTAD
Egypt’s Prime Minister Mostafa Madbouli reviewed the "Global Investment 2020" report, the most recent report issued by the United Nations...
Oman’s agriculture, Fisheries Ministry inks two financing pacts cost $1.3mn
The Ministry of Agriculture and Fisheries on Sunday signed an agreement with Oman LNG Development Foundation for financing a project...
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