The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark
Investors can subscribe to the ETF units, during the offering period, which runs until July 2
The World Bank projects that the support programme will create jobs, strengthen the economy, and enhance Egypt’s resilience to environmental and economic challenges
The global financial giant has tapped former Mubadala and Goldman Sachs executive to lead its operations in the three GCC countries
The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks
Dr Zina Jarrahi Cinker, director general of MATTER, reveals key details about one of the biggest events of the year set to come to Abu Dhabi in November
By focusing on local manufacturing and sustainability, Acino is set to play a significant role in the UAE’s pharmaceutical industry
Egypt commercial banks’ foreign assets climbed by $606m in April while their liabilities rose by $653m
The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments
Leveraging favourable market conditions and investor appetite, ADQ’s bond issuance garnered significant interest
Egypt has moved ahead with administrative realignment of the region after the country signed a $35bn FDI deal with the UAE’s ADQ earlier this year
In 2023, non-oil trade between the UAE and Kenya rose by 26.4 percent year-on-year to $3.1bn
In 2022, ADQ and OIA identified investment opportunities worth over $bn in key sectors of Oman’s economy
Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East
The collaboration will enable the entities to tackle complex, large-scale projects with a keen focus on safety, quality, and timely delivery
Egypt received the initial $5bn payment from the UAE in its $24bn deal at Ras El Hekma peninsula west of Alexandria
Arcera plans to double its revenue within five years through strategic acquisitions and partnerships
According to reports, ENEC, owned by Abu Dhabi’s ADQ, has been holding talks to invest in the UK
Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence
The funding program will prioritise economic stability, investments and trade as well as migration and security
Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support
The company is owned by Abu Dhabi wealth fund ADQ and distributes 500,000 metric tonnes of fresh fruits worldwide per year
As many as 60 per cent of Egypt’s 106 million citizens are estimated to be below or close to the poverty line
The sovereign fund may add more banks later and the final lineup of advisers may change as there is no final decision on the timing of the IPO
The central bank raised the overnight lending rate to 28.25 per cent and its overnight deposit rate to 27.25 per cent
Etihad will publish a 2023 annual report by mid-April for the first time, including details of pandemic-related government support
The airline reported a 2023 net profit of Dhs525m and a previously unreported 2022 net profit of Dhs92m
The budget carrier operated more than 15,000 flights and carried three million passengers
The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital
The two nations are collaborating in areas such as climate change, energy, water, and food security