Abu Dhabi group plans to announce more sites in the African nation, apart from making an entry into South America later this year
Africa
Latest in Africa
Emirates
Emirates announces extra Dubai to Madagascar flights
Emirates adds new flights to Madagascar from Dubai as demand swells
cepa
UAE and Kenya sign CEPA deal as they look to boost 9-month $3.1bn trade
UAE and Kenya sign expansive Comprehensive Economic Partnership Agreement
Addis Ababa
Air Arabia announces new flights to Addis Ababa
Air Arabia to introduce new Sharjah to Addis Ababa flights as it boosts UAE-Ethiopia network
Bayt.com
MENA jobs: Men more likely than women to switch roles, despite higher chance of bonuses and salary satisfaction
MENA salary survey identifies job trends and expectations for workers in the region
Central Bank of Egypt
Egypt to receive $1.2bn IMF aid in January, says finance minister
Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the 46-month Extended Fund Facility arrangement
debt management
Egyptian government plans to borrow $39bn from local market in Q1 2025
Forty-eight treasury bill auctions worth EGP 1.780 trillion and 40 bond auctions worth EGP 203 billion are scheduled from January 1 to March 31
Central Bank of Egypt
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt’s fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
Abu Dhabi
AD Ports Group awards construction contract for Egypt’s Safaga Terminal
The project will feature a 48,000 sqm concrete apron, an 80,354 sqm container terminal with supporting infrastructure, and approximately 66,360 sqm for general cargo and break-bulk operations
Etihad
Etihad launches Abu Dhabi to Nairobi flights
Etihad boosts UAE-Kenya network with expanded flight network
ADNOC
ADNOC’s XRG forms Arcius Energy, a joint venture with BP
Arcius to start operations in Egypt, which includes interests assigned by BP across two development concessions
Ecolab
Global water solutions and services major Ecolab launches innovative modular manufacturing in Egypt
The containerized solution enables rapid deployment of local production capabilities, strengthening regional manufacturing capacity and supply chain infrastructure
Apple Pay
Egypt’s central bank advances digital payments with tokenisation and Apple Pay integration
The launch was coordinated with several banks, mobile payment application providers, and fintech companies to facilitate the integration of both international and local systems
Egypt
Egypt to sell stakes in 10 state-backed firms in 2025
The companies will either be listed on the stock market or offered to investors through partnership arrangements
Humanitarian
UAE foreign aid spending tops $98bn
UAE led international humanitarian efforts as it continued long history of financial support and solidarity
Aviation
Etihad to double Africa network in 2025; new routes to Egypt, Kenya, Tunisia and Algeria planned
Etihad Airways will introduce new routes connecting Abu Dhabi with cities in Africa
Dubai International Airport
Flydubai to add Al Alamein flights in boost to UAE-Egypt network
Flydubai will introduce new flights to Al Alamein for 2025 summer season