Browsing: North Africa

Dubai, 22 April 2024 – PRCA enthusiastically announces its partnership with McFill Media for media…

United Arab Emirates, represented by the Ministry of Finance, declared its involvement in the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington, D.C., from 15 to 20 April 2024.

United Nations Secretary-General António Guterres has announced today the appointment of Muhannad Hadi from Jordan as the new Deputy Special Coordinator and Resident Coordinator for the Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO).

Paris, France – February 12, 2024: Amethis, through its fund Amethis MENA Fund II, has…

Dubai’s latest public joint stock company, Parkin, has officially appointed a CEO, as announced in a statement on Tuesday.

According to the latest report from the World Bank on Global Economic Prospects, the real GDP of the UAE is anticipated to increase by 3.4% in 2023, with further growth to 3.7% in 2024 and 3.8% in 2025.

ADNOC Distribution has declared its official partnership with Pyramids FC, a prominent football club based in Cairo that participates in the Egyptian Premier League and represents the nation in Africa’s CAF Champions League this season.

Qatar’s Ooredoo, Kuwait’s Zain Group, and the UAE’s TASC Towers Holding have formally agreed to merge their combined portfolio of approximately 30,000 cellular towers, forming a $2.2B entity – the largest tower operator in the Middle East and North Africa. In the merged entity, Ooredoo and Zain will each hold 49.3%, achieved through an asset and cash equalisation process, while TASC’s founders will retain the remaining ownership and continue managing business operations. Completion of the deal is anticipated in 2024, subject to regulatory approvals.

Etisalat by e& has joined forces with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) to transform the esports landscape in the Middle East and North Africa (MENA). The collaboration has given rise to ‘Arena Esports,’ a digital gaming initiative poised to play a pivotal role in the regional gaming scene.

Oil-exporting nations across the Middle East and North Africa (MENA) are resolutely pursuing diversification strategies to confront economic uncertainties. The World Bank, in its assessment, highlights the ongoing commitment to diversification within the Gulf Cooperation Council (GCC) countries. These nations, with varying progress in diversification, are actively steering their economies away from dependency on hydrocarbon revenues. The GCC, comprising six key members, including major oil exporters like Saudi Arabia and the UAE, is dedicated to a transformation agenda.