Al-Futtaim Group in 33% acquisition of Kenya Vehicle Manufacturers

100% buyout of CMC Holding and its automotive dealer stake marks the UAE conglomerate's first investment into Sub-Saharan Africa

Dubai Chamber plans further Africa offices after Ethiopia success

Dubai Chamber of Commerce & Industry (DCCI) is planning to establish more offices in Africa following the success of a first representative office opened...

Dubai’s Dudu acquires 50% stake in South Africa ferrochrome firm

UAE-based IT company Dudu Communications  has acquired a 50%stake in FerroChrome Furnaces (FCF), a major producer of low and medium carbon ferrochrome based in...

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...