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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.
ASIF will focus on mobilizing capital and equity, promoting green projects and investing in logistics to improve interconnectivity within the continent.
Algeria hosted Qatari businessmen and officials to discuss investments across a number of sectors. Qatar represents 75% of all foreign investment in Algeria.
Saudi Crown Prince Mohammed bin Salman is set to embark on a regional tour to bolster international co-operation.
The ITFC has begun dispersing a USD 3 billion credit extension to Egypt to address the rising costs of food and energy imports.
A delegation from Sierra Leone met with representatives of Qatar Chamber to explore economic opportunities as Qatar’s trade surplus soars.
According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.
Egypt’s DXwand has received USD 1 million in new funding to expand its operations across the MENA region.
Trade between Ethiopia and the UAE has surpassed USD 2.5 billion over the past five years, according to the Ethiopian Ministry of Trade and Regional Integration.
The UAE’s Minister of Economy will lead a delegation to Morocco to explore how the two countries can strengthen economic ties.