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GCC trade with Egypt continues to increase, with Egypt exporting USD 4.5 billion to the GCC.
FDI in the Arab world largely centered on the UAE between 2002 and 2021 according to a report by Dhaman.
ACWA Power signs deal worth up to USD 1.5 billion that will provide power to over 1 million households in partnership with Hassan Allam Holding.
Saudi Crown Prince Mohammed bin Salman is set to embark on a regional tour to bolster international co-operation.
According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.
Saudi Arabia has been invited to invest in the Djibouti International Free Trade Zone, which is strategically located along coastal trade routes valued at USD 2 trillion USD.
The UAE’s non-oil foreign trade reached record levels of USD 136 billion in the first quarter of 2022, according to WAM, the UAE’s official news agency. The news comes as the UAE increasingly attempts to move away from its dependency on hydrocarbons.
Real estate service provider Jones Lang LaSalle’s (JLL) latest reports have indicated that construction in the Middle East and Africa (MEA) region continues to grow despite increasing price pressure.
A Saudi delegation led by Royal Court adviser Ahmed bin Abdulaziz Kattan has visited a number of East and Southwest African states in an effort to boost economic and political ties while seeking support for the Kingdom’s hosting of Expo 2030 in Riyadh.