Prices jumped 10 per cent last week after Saudi Arabia indicated it would defend the market
Loon has collaborated with Telekom Kenya to provide internet connectivity by way of 35 balloons covering an area of 50,000 square kilometres
Egypt has reported 4,319 cases of the coronavirus, including 307 deaths
Saudi also extended travel bans to 14 countries, including UAE, Oman and European nations
Egypt’s second-largest state-owned lender will use the debt to finance small-and-medium-size enterprises, among other purposes
The Dubai-based ports operator doubled its capacity at Egypt’s Sokhna port
The country’s cabinet agreed to grant citizenship to foreigners who either buy property or make cash deposits ranging from $250,000 to $1m into a local account
The two-day event will include representatives from 22 countries, including seven African nations
Collections worth $230m came in from its operations in Egypt, the UAE and Kurdistan region of Iraq
The acquisition was made from private equity firm Emerging Capital Partners
The investment was made into e-commerce platform Mara Shopping and Mara Xpress
Successful companies generally have three to six mutually distinctive capabilities that support and drive their strategy, according to Strategy&
The bank aims to help facilitate investments from the Gulf region into Africa, primarily Nigeria, says CEO
The service to Bamako will help Emirates improve its connectivity in Africa, the airline said
The waiver will grant Seychellois visa-free arrival to the UAE for up to 90 days
Regional directors say cyber attacks, customer loyalty are amongst the biggest challenges they face, finds new survey
Smartphone shipments to the Middle East and Africa are set to total 155m units by the end of 2015, a study says
The founding family of Mouka who will retain a minority stake in the company, a statement said
Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc
Tunisia’s second terrorist incident this year involving tourists will heavily impact the sector, officials say.
Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output.
In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people
The project is part of the company’s plans to develop electricity projects in 17 African countries, mainly based on renewable energy
Khalid al-Fawwaz was not charged with planning or participating in the attacks, which killed 224 people and injured more than 4,000.
Smartphones priced under $100 accounted for 20 per cent of the overall market last year, up from five per cent in 2013.
The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.
Senegal aims to issue between $500 million and $1 billion in debt on international markets this year.
Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.
Abraaj will be the main investor in the healthcare group with $145 million, while three other investors will pitch in about $55 million.
Increased revenues from its African subsidiaries helped the company post a strong profit.
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