Author: GAR STAFF
EnerMech has made investments of approximately USD 10 million in growth activities including investments in equipment.
DP World aims to strengthen its position as the leading market access and logistics provider in Africa with its stake in the Nigerian firm.
Dubai has ranked fifth among leading global ports in the ISCD Index thanks to investment in infrastructure and business diversification.
EU wheat is being purchased by African and Middle Eastern states as exports from Ukraine continue to be disrupted by war amid food security concerns.
Global trade is up by approximately 15% in Q1 2022, reaching a value of USD 7.7 trillion, according to a report by the UN, but will soon slow.
MENA region startups have raised USD 1.8 billion in investment in the first half of 2022, according to a report by MAGNITT, fintech leads the way.
The UAE ranked as the second most important international commodity hub, while South Africa and Nigeria ranked ninth and tenth respectively.
AD Ports gains 70% stake in two Egyptian maritime companies for USD 140 million in the company’s first international acquisition.
PaySky, a digital payment solutions provider based in Egypt, will launch a series of services in the UAE. Supported by Visa, the fintech firm will offer its Yalla Card and Super App in the UAE.
MSG Group and Bedeschi SPA Italia to create plant that will produce 1.2 million tons of cement and 1 million tons of klinker.