The deal, valued at $2.9 million, is Hayaat Group’s first investment in East African oil exploration.
Mining companies have announced plans to shutter mines or reduce operations after gold’s 25 per cent drop this year.
Over 100,000 Ethiopians repatriated from Saudi Arabia since the Kingdom began deporting illegal migrants in November.
South Africa’s first black president and anti-aparthied icon, Mandela, 95, passed away in his Johannesburg home.
Prior negotiations between the two telcos collapsed around the start of 2013, according to sources.
The refinery will have a capacity of two million tonnes per annum.
The soft loans will be granted through the Kuwait Fund for Arab Economic Development, said emir Sheikh Sabah al-Ahmed al-Jaber al-Sabah
Ivory Coast announced plans in March to build a regasification and storage unit.
The more than 60 victims of the mall attack included members of the Kenyan elite and foreign expatriates.
Investment will help pharmaceutical manufacturer Steripharma to step up its exports to the private sector of North and sub-Saharan Africa.
Gulf Arab companies are boosting their investments in Africa lured by the continent’s untapped resources.
Emirates’ resumption is a positive sign but logistical challenges remain
Tablet shipments during the second quarter of this year exceeded PC shipments owing to increased android device users, IDC said.
Minor Hotel Group has tied up with Dubai-based Rani Investment to expand in Africa.
The continent is moving away from tyrannical, socialist governance, which has opened the gates for more and better business.
The investment firm sold its stake in HFC to Republic Bank, an independent Caribbean bank, for an undisclosed sum.
According to a report from Mergermarket, the region saw its highest half-year value in M&A deals since 2010.
Improved stability and a rising consumer class are shaping the country’s revived fortunes, says group executive director and CEO of Standard Chartered, EMEA.
Resumption of services after two years will benefit passengers with connections within the GCC, Indian Subcontinent, Far East and West Asia
QPI will contribute specifically to the French company’s Moho North oil project.
Sugar plant Kenana is mainly owned by the governments of Sudan, Saudi Arabia and Kuwait.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The first day of the third Annual Investment Meeting in Dubai began with a heavy focus on investment in Africa.
The low-cost carrier will link Juba with Dubai four times a week.
New route provides some competition for Emirates and follows recent codeshare agreement with Etihad
Away from the mystique of Marrakech, Essaouira has a few surprises for the traveller including an Atlantic coast that refreshes and revives.
The hotel group is officially launching the world’s tallest hotel, the JW Marriott Marquis Dubai, tonight.
Deal provides Abu Dhabi carrier with better connectivity throughout Africa and Nairobi-based airline with improved international access.
Sources said Morocco had finalised the agreement with the GCC states during a summit in Riyadh last month.
The financing for the Jorf Lasfar plant is the largest in over a decade for an international project in Morocco.