Author: GAR STAFF
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.
Abu Dhabi Exports Office opens a USD 20 million line of credit to the ECOWAS Bank for Investment and Development to bolster trade and strategic cooperation.
Bahrain Minister of Foreign Affairs, H.E. Dr. Abdullatif bin Rashid Al-Zayani welcomed the visit of Egyptian President Abdel Fattah Al-Sisi. Al-Zayani spoke about how the visit advanced the relations between the two countries and their growing strategic partnership.
Dubai Chambers has revealed that registrations of African companies have risen by 6.5% since GBF Africa was held.