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 Saudi Arabia-based International Islamic Trade Finance Corporation (IFTC) has raised Egypt’s credit rating to USD 6 billion to address rising costs of wheat.
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.
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.
AD Ports Group has signed an agreement with the Egyptian Group for Multipurpose Terminals to develop Egyptian ports.
With the new port, Nigeria aims to become an African transshipment hub and recover lost maritime business.
Zimbabwe’s participation in the UAE’s Expo 2020 has resulted in a significant rise in enquiries regarding investment opportunities.
n a move that highlights international confidence in Egypt’s ongoing recovery from its currency crisis, the impact of Covid-19 and the difficulties caused by the Ukraine conflict, international rating agency Fitch has assigned the Egyptian economy a rating of B+.
Egypt’s GOEIC has announced the halting of imports by firms whose certificates and registrations have expired.
Rwanda and the Abu Dhabi Chamber of Commerce and Industry are keen to expand trade between the two countries and to explore investment opportunities.