AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

Abu Dhabi, United Arab Emirates, AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics, have announced the signing of a 35-year concession agreement. Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake). The…

Egypt Becomes Africa Finance Corporation’s 32nd Member State, With a Potential of US$1 Billion of Investments

Egypt Becomes Africa Finance Corporation’s 32nd Member State, With a Potential of US Billion of Investments

CAIRO–(BUSINESS WIRE/AETOSWire) – Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions provider, opening up a potential US$1billion of investments. “With the increasing importance of public-private partnerships in advancing the African continent and Egypt in particular, we are pleased to accede to membership of a renowned and trusted pan-African institution like Africa Finance Corporation,” Prime Minister H.E. Dr Mostafa Madbouly said. “We are…

Egypt President calls on international community to support global green recovery

Egypt President calls on international community to support global green recovery

CAIRO, Egypt, H.E. Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, today called upon the international community to unite and spark a “green recovery”. Speaking on the first day of the inaugural Egypt International Cooperation Forum (Egypt – ICF), launched by the Ministry of International Cooperation, taking place in Cairo between 8-9 September, El-Sisi said: “No government alone can make this recovery possible. It requires the support of the international community and financial institutions to achieve the UN SDGs.” Also at the event, H.E. Dr. Rania A. Al-Mashat,…

Mental health report by EMPWR, WAMDA, and Microsoft for Startups reveals 55% founders rate ‘raising investment’ as the prime stress factor

Mental health report by EMPWR, WAMDA, and Microsoft for Startups reveals 55% founders rate ‘raising investment’ as the prime stress factor

EMPWR, an authority on mental health research in the region, acts as an exclusive mental health partner for WAMDA and Microsoft for startup’s report on the impact of pandemic on the wellbeing of regional entrepreneur EMPWR’s role involved guiding the direction for the survey, formulating the questions & enabling strategic partnerships required for the research  September 09, 2021: EMPWR, a UAE-based digital media agency dedicated to mental health, and an authority in mental health research in the region, is an exclusive mental health partner for WAMDA and Microsoft for startups,…

MANSCAPED™ Launches in the United Arab Emirates and the Kingdom of Saudi Arabia

MANSCAPED™ Launches in the United Arab Emirates and the Kingdom of Saudi Arabia

SAN DIEGO–(BUSINESS WIRE/AETOSWire)— MANSCAPED™, the global men’s grooming company and leading lifestyle brand, today announces its arrival in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia. MANSCAPED has quickly become a coveted brand and a daily routine for millions of men in three dozen countries worldwide, since successfully launching in Asia and Africa just last month. Thus, its expansion in Middle East North Africa (MENA) is a natural progression for the fast-growing brand and the next step on its international roadmap. “Grooming is a key trait in the United Arab Emirates…

Speed Medical SAE, Secures EGP 1.57 Billion Capital Commitment from Global Emerging Markets (GEM)

Speed Medical SAE, Secures EGP 1.57 Billion Capital Commitment from Global Emerging Markets (GEM)

Cairo, Egypt, Speed Medical Company (EGX: SPMD), today announced a EGP 1.57 billion capital commitment from GEM Global Yield LLC SCS (“GGY”), the Luxembourg based private alternative investment group. Under the agreement, GGY will provide Speed Medical Co. (SPMD) with a Share Subscription Facility of up to EGP 1,570 million for a 36-month term to use at its discretion, subject to agreed upon terms. The company will have no minimum drawdown obligation and is authorized to utilize the facility on an as-need basis over the life of the agreement. “We are…

The Future of Expo 2020: City of the future puts people at the centre of its design

The Future of Expo 2020: City of the future puts people at the centre of its design

Discover the future of Expo 2020 at District 2020’s experience hub and find out about the innovative approach for a of human-centric, people-first city ‘City of firsts’ to focus on creation of global innovation hub for high-growth sectors including smart logistics and Industry 4.0 Dubai, UAE, 8 September 2021: In the past 30 years, Dubai has become a city synonymous with bold, dynamic developments that have continually reinvented the art of the possible. The future evolution of Expo 2020 Dubai – District 2020 – is the latest incarnation of that…

Global Citizen Forum to Bring World Leaders to Ras Al Khaimah

Global Citizen Forum to Bring World Leaders to Ras Al Khaimah

The Future in Motion to reimagine a new momentum for human mobility towards a more sustainable and resilient future Ras Al Khaimah, UAE, September 7th, 2021 — The 100-day countdown begins as the Global Citizen Forum returns to the global stage with its next Annual Summit to be held in Ras Al Khaimah, United Arab Emirates from December 12-13, 2021, at the Al Hamra International Exhibition & Conference Centre. Under the theme, The Future in Motion, the summit will be hosted in partnership with Ras Al Khaimah Tourism Development Authority…