Asia Egypt Finance Headlines International

UAE poised to inject more investments in Egypt’s economy

The United Arab Emirates will pump more investments in Egypt across various development sectors, the Gulf country’s minister of Investment Mohammed Al-Suwaidy has told Egyptian Premier Mostafa Madbouly. Al-Suwaidy conveyed to Madbouly UAE’s eagerness to invest in various development sectors, highlighting that the directive to do so was issued by President Sheikh Mohamed bin Zayed […]

Asia Headlines International Lifestyle Morocco Technology

Cybersecurity: Morocco and UAE Agree to Exchange Expertise to Counter Common Challenges

Morocco and the United Arab Emirates have agreed to strengthen cooperation in cyber-security to reduce the risk of cyber-attack and protect online services and personal digital data from theft or damage. An agreement was inked Thursday in Dubai on the sidelines of “GITEX GLOBAL-2023” Tech show between General Directorate of Information Systems Security of Morocco’s […]

Africa Asia Emerging Markets Finance Headlines International

UAE flexes its climate finance muscles to contribute to Africa’s green energy transition

As the United Arab Emirates (UAE) prepares to host the COP28 climate summit from 30 November to 12 December, the Gulf state has made a marked presence in Africa’s burgeoning green finance sector, with a group of Emirati investors having unveiled a landmark $4.5 billion pledge to invest in clean energy projects on the continent […]

Asia Egypt Finance Headlines International

Central banks of Egypt, UAE ink bilateral currency swap Agreement

The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]

Asia Europe Headlines International Morocco

Morocco’s King thanks heads of state who sent earthquake rescue teams

King Mohammed VI thanked the heads of state of the UAE, Qatar, Spain, and the UK for the contribution of their rescue teams in the relief efforts after the earthquake. Morocco accepted aid from the four countries following a 7- magnitude earthquake that left around 3000 deaths and destroyed whole villages in the High Atlas […]

Africa Asia Emerging Markets Energy Headlines International

UAE pledges to invest $4.5bn to support deployment of clean energy in Africa

UAE has unveiled an initiative that will provide $4.5bn to help tap Africa’s clean energy potential amid increasing negative impacts of the climate change on the continent. COP28 President-Designate Sultan Al Jaber made the announcement during his keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The initiative will bring together public, private, […]

Africa Asia Business Emerging Markets Finance Headlines International

UAE leads investment charge into lucrative African market

The United Arab Emirates (UAE) has emerged as Africa’s largest provider of foreign direct investment (FDI), funnelling $59.4 billion into key high-growth sectors such as infrastructure, energy, transport, logistics, and technology. The UAE has joined the bandwagon of world powers scrambling for commercial dominance in Africa, targeting a share of the continent’s 1.2 billion people […]

Algeria Asia Columns Features Headlines International Morocco

Algiers accuses UAE of hostile acts without offering evidence

Algeria’s conspiracy theorists continue on a ridiculous trajectory taking aim this time at the UAE, whom they accused of hostile acts including supplying spy technology to Morocco and working together with Israel in the region. The Algerian military junta used Al khabar newspaper as a mouthpiece this time to spread the uncorroborated accusation against Abu […]

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DR Congo, UAE sign $1.9bln mining deal

The Democratic Republic of Congo (DRC) and the United Arab Emirates (UAE) have signed a mining deal worth $1.9 billion for which the Gulf country will develop several mining fields. The deal was signed Monday with state miner “Société Aurifère du Kivu et du Maniema”, “Zawya” reports, citing a statement from the Congo’s President Felix […]