The country’s finances were boosted in February when it sold the development rights to Ras El-Hekma to the UAE for $35bn
Italian authorities rescued 15 of those on board the British yacht, but a day later six passengers remain missing, and one body has been recovered
With a draft of 17.5 metres, the port will be capable of receiving large container vessels, ultimately reducing trade costs in the DRC by 12 per cent
A number of airlines have adjusted or suspended flights to cities in the Middle East due to ongoing regional tensions
Oil majors have complained that the terms of Iraq’s traditional oil service contracts meant they could not benefit from rising oil prices and lost out when production costs rose
Soliman’s resignation had been anticipated, with one government source saying Egypt’s political leadership wanted to introduce fresh faces into key positions, as part of a broader reshuffle
Safina, a key player in the Egyptian maritime industry, offers comprehensive agency services and maritime logistics to shippers, serving the metals, minerals, and fertilisers sectors
Experts hoped the announcement would galvanise action worldwide, many obstacles remain, including limited mpox vaccine supply, funding and competing disease outbreaks
Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent
Adani Enterprises is looking to launch a $1bn share sale by mid-September, having shelved a record $2.5bn offer in the wake of Hindenburg’s first set of allegations
More than 100 countries, such as China, India, Brazil, and South Africa, face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, reveals World Bank’s recent report
Last year, Gulf countries poured more than $53bn into projects on the continent, a considerably greater sum than the $10bn investment from the US over the same period
The US has an estimated 30,000 to 45,000 military troops stationed across the Middle East, spread over more than a dozen countries
The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q1-Q2 2025
Many airlines, globally, are revising their schedules to avoid Iranian and Lebanese airspace while also calling off flights to Israel and Lebanon
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
Lebanon’s multiple crises include a contracting economy, lack of governance and tensions in the region causing an influx of refugees
The increase in visa applications coincides with the peak travel season, influenced by favourable European weather and major events such as the 2024 Paris Olympics
Google paid $26.3bn in 2021 to maintain search engine dominance, the judge noted
All three major indexes registered their biggest three-day percentage declines since June 2022
What began as a student-led protest against civil service job quotas has now evolved into a broader anti-government movement in Bangladesh
The scale of losses on Japan’s Nikkei had not been seen since the global financial crisis
France, Italy, Australia and Canada have joined the US and the UK, in issuing evacuation orders for their citizens in Lebanon
The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year
There are more than 50 million Instagram users in the country
A manufacturing report spooked investors, sparking broad risk-off moves across markets
US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September
Boeing has tapped 64-year old Ortberg, who has over 35 years of aerospace leadership experience, to turn things around
Mubadala and Trafigura are looking to sell the port terminal Porto Sudeste, in Rio de Janeiro state, say reports
Adani Energy, a power transmission and distribution company, raised funds through a Qualified Institutional Placement