Egypt has discovered a significant new oil deposit in the Western Desert, which the authorities believe could significantly increase the country’s energy production. (28.08.2024, Arab News)
The investments made by the Moroccan government and the royal court over the past ten years have made Morocco one of the ten best countries in the world in terms of climate footprint. (26.08.2024, Atalayar)
Qatar recently announced a new tourism project in Simaisma as the latest data from the National Tourism Council points to a robust tourism and hotel industry in 2024. (22.08.2024, The Peninsula)
The Oman Investment Authority (OIA) has increased its assets to OMR19.6 billion (USD51 billion) from OMR17.2 billion in the previous year, according to its 2023 annual report, as the fund accelerates the geographic and sector diversification of its new international and local investments. (20.08.2024, Gulf Business)
Two UAE companies have made great strides in reducing greenhouse gas emissions with the inauguration of major renewable energy projects. (19.082024, Khaleej Times)
Growth in core banking business and successful implementation of key strategic initiatives boosted Bahrain-based Al Salam Bank’s net profit attributable to shareholders by 39 per cent to BD 14.3 million (USD 37.9 million) in Q2 2024. (14.10.2024, Arabian Business)
According to the latest World Trade Organization (WTO) report, Morocco’s exports of services reached an impressive USD 25 billion in 2023, an increase of 16% compared to the previous year. (13.08.2024, Morocco World News)
A new report by international law firm Giambrone & Partners highlights Morocco’s growing attractiveness as a destination for foreign investors. According to the report, Morocco’s political stability, strategic location and business-friendly policies are attracting international companies to set up and expand in the country. (13.08.2024, Morocco World News)
Rania Al-Mashat, Minister of Planning and Economic Development, announced the launch of the first carbon credit issuance and trading market in Egypt. This new market will facilitate the registration, issuance and trading of carbon credits and incentivize companies and individuals to reduce their carbon footprint. (14.08.2024, Egyptian Streets)
Egypt has considerable potential to become an important player in medical tourism. According to a 2013 study, Egypt could achieve a 12 percent share of the global medical tourism market. (12.08.2024, Egyptian Streets)
