MEA

Al Futtaim finalises 79.3% acquisition of Kenya’s CMC Holdings

UAE conglomerate, Al Futtaim Group, concludes months of negotiations for a strategic stake in Kenya’s automobile distribution market

Kuwaiti group talks agro-processing, power and rail projects in Uganda

President Yoweri Museveni urges Fouad Alghanim & Sons Group to invest in agro-processing, hydro dams, electric cars and rail lines

Kenya Tourist Board tours Gulf nations to promote its luxury market

Ambassador to Kuwait sets off a round of talks hosting operators looking to harness the under-developed Gulf appetite for Kenya’s sights

Business

Dubai Islamic Bank plans arm in Kenya by year’s end

Dubai Shari'ah-compliant lender receives “in principle approval” from regulators to launch operations in Kenya pending a final license

Saudi Arabia to stop wheat farming by 2016, eyeing Africa

Saudi Arabia will rely entirely on wheat imports within a year, and Africa is on the top of...

Oman, Tanzania and China to jointly develop $11bn port, free zone

Oman state fund, Tanzania’s government and China Merchants Holding sign MoU to collaborate on Bagamoyo port and a...

Commodities

Dubai Islamic Bank plans arm in Kenya by year’s end

Dubai Shari'ah-compliant lender receives “in principle approval” from regulators to launch operations in Kenya pending a final license

Saudi Arabia to stop wheat farming by 2016, eyeing Africa

Saudi Arabia will rely entirely on wheat imports within a year, and Africa is on the top of...

Oman, Tanzania and China to jointly develop $11bn port, free zone

Oman state fund, Tanzania’s government and China Merchants Holding sign MoU to collaborate on Bagamoyo port and a...

Culture & Society

Dubai Islamic Bank plans arm in Kenya by year’s end

Dubai Shari'ah-compliant lender receives “in principle approval” from regulators to launch operations in Kenya pending a final license

Saudi Arabia to stop wheat farming by 2016, eyeing Africa

Saudi Arabia will rely entirely on wheat imports within a year, and Africa is on the top of...

Oman, Tanzania and China to jointly develop $11bn port, free zone

Oman state fund, Tanzania’s government and China Merchants Holding sign MoU to collaborate on Bagamoyo port and a...

Finance

Dubai Islamic Bank plans arm in Kenya by year’s end

Dubai Shari'ah-compliant lender receives “in principle approval” from regulators to launch operations in Kenya pending a final license

Saudi Arabia to stop wheat farming by 2016, eyeing Africa

Saudi Arabia will rely entirely on wheat imports within a year, and Africa is on the top of...

Oman, Tanzania and China to jointly develop $11bn port, free zone

Oman state fund, Tanzania’s government and China Merchants Holding sign MoU to collaborate on Bagamoyo port and a...

Infrastructure

Dubai Islamic Bank plans arm in Kenya by year’s end

Dubai Shari'ah-compliant lender receives “in principle approval” from regulators to launch operations in Kenya pending a final license

Saudi Arabia to stop wheat farming by 2016, eyeing Africa

Saudi Arabia will rely entirely on wheat imports within a year, and Africa is on the top of...

Oman, Tanzania and China to jointly develop $11bn port, free zone

Oman state fund, Tanzania’s government and China Merchants Holding sign MoU to collaborate on Bagamoyo port and a...