September 4th, 2018 | 0 commentsDubai’s SEED Group on Monday announced that it has signed an agreement with the world-first space sharing platform Spacenow. The new deal aims at launching the first short-term business space rentals in the Middle East and North Africa (MENA), according to the SEED Group’s statement to Mubasher. The platform will allow property and site o...
August 30th, 2018 | 0 commentsThe International Finance Corporation (IFC) has invested $2 billion in the Middle East and North Africa (MENA) region during the fiscal year 2017/2018. The IFC paid 50% of these investments and secured the remainder from regional investors, according to the Middle East News Agency. These investments helped create over 119,000 jobs, supply...
August 30th, 2018 | 0 commentsStart Date: 04 September 2018 End Date: 05 September 2018 The 23rd Euromoney Egypt Conference will return to Cairo on 4-5 September 2018 and will bring a new format, new speakers and new ideas to talk to the theme of Resilience and Agility. Has Egypt’s economy turned the corner? Is the economy resilient and why is this important? How can...
August 2nd, 2018 | 0 commentsThe emerging ecosystem in the Middle East and North Africa (MENA) region registered a record number of transactions in the first six months of 2018, despite a drop in disclosed startup funding, data compiled by MAGNiTT, the largest data provider for startup information in the MENA region, showed. A total of 141 investments were executed i...
May 30th, 2018 | 0 commentsGulf Pharmaceutical Industries (Julphar) is planning to close merger and acquisition deals in the third quarter of 2018. Julphar is considering a group of deals in the Middle East and Africa, the Abu Dhabi-listed company’s general manager Jerome Carle told Bloomberg. The combined value of these deals could reach $50 million, Carle added,...
April 18th, 2018 | 0 commentsEconomic growth in the Middle East and North Africa (MENA) is expected to rebound in 2018 on the back of positive global outlook and oil prices stabilising at relatively higher levels, according to the World Bank’s recent report entitled “MENA Economic Monitor, April 2018: Economic Transformation”. The bank also attributed the economic re...
March 22nd, 2018 | 0 commentsInvestments in the energy sector across the Middle East and North Africa (MENA) region is expected to reach nearly $1 trillion during the next five years, according to a recent report by the Arab Petroleum Investments Corporation (APICORP). APICORP’s annual MENA Energy Investment outlook annual report forecasts that the MENA region will s...
February 18th, 2018 | 0 commentsMiddle Eastern consumers are showing a fast-growing appetite for eggs. According to the latest data from the US Department of Agriculture (USDA), US egg imports to the MENA (Middle East North Africa) region grew 73 percent in USD value in 2017 over the imports in 2016. This represents a volume growth of 88 percent for US table eggs and 83...
January 21st, 2018 | 0 commentsIn its latest economic analysis report, BMI, a research firm that provides macroeconomic, industry and financial market analysis, delivers its economic outlook for the MENA in 2018. According to the firm, the recovery of oil prices, as well as stabilising output in oil-exporting economies will boost real GDP growth in the MENA region, whi...
January 12th, 2018 | 0 commentsMalabar Gold & Diamonds plans to expand into the UAE and the MENA region during 2018. The India-based company will inaugurate 11 showrooms which will be distributed over six countries on Friday, 12 January, according to a statement. Another eight showrooms will be opened in the GCC and the total showrooms will be 208 across nine natio...
