First Independent Mena Newspaper
South Sudan is nearing an agreement with a UAE company for an oil-backed loan worth $13 billion, the largest in Africa’s newest nation’s history. The news was reported by AP citing an unnamed UN source which said the deal is close to being signed. “Servicing this loan would likely tie up most of South Sudan’s […]
The reported Algerian threats to stop delivering natural gas to Spain’s Naturgy if the utility company sells shares to another company show the real face of the Algerian regime controlled by rogue Generals. Naturgy consortium holds a 49 pc stake in Medgaz pipeline which transports gas from Algeria to Spain, while state-owned Sonatrach of Algeria […]
Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]
Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, economists say, will inject $35 billion of foreign direct investment into the struggling Egyptian economy, helping it to bolster economic growth and address a hard currency crisis. The deal is […]
The Federation of UAE Chambers of Commerce & Industry (FCCI) and Gabon’s investment promotion agency ANPI-Gabon have inked a Memorandum of Understanding (MoU) to lure investment from the Gulf country to support economic development of Gabon. The deal was signed by ANPI-Gabon CEO Ghislain Moandza Mboma and FCCI’s Secretary General Humaid Mohamed Bin Salem, who […]
Morocco joined an Arab industrial cooperation partnership bringing together the UAE, Egypt, Jordan and Bahrain aiming to promote investments and economic development. The partnership’s MoU was signed in Manama by the five countries during a high-level ministerial meeting, attended by Moroccan industry minister Ryad Mezzour. The partnership offers a promising cooperation platform to support sustainable […]
United Arab Emirates (UAE) and Congo have sealed a comprehensive bilateral trade agreement that is expected to reduce or eliminate tariffs, remove unnecessary trade barriers, and improve market access. Thani Al Zeyoudi, UAE Minister of Trade announced the deal on X, former Twitter. “The breadth of the UAE’s trade network continues to broaden as we […]
Emirati firms Metito Utilities and Tahliya have announced in Dubai plans to build two seawater desalination plants powered with renewable energy in the Moroccan Sahara. The announcement was made Thursday on the sidelines of COP28 currently held in the UAE. It comes after the Declaration signed by King Mohammed VI and Sheikh Mohamed bin Zayed […]
King Mohammed VI’s working and fraternal visit to the United Arab Emirates is being hailed as a “powerful symbol of unity and solidarity” between the two nations, according to ABC Bourse, a French financial news outlet. The French publication highlighted in an article the visit’s notable feature, and described exchanges between the King and Sheikh […]
Morocco and the UAE signed a deal to invest in the Atlantic gas pipeline that will channel Nigerian gas to North Africa and ultimately to Europe. The deal was part of a series of memorandums of understanding signed during a state visit by King Mohammed VI to Abu Dhabi. It signals the UAE readiness to […]