OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation

OPEC Fund Supports Post-COVID-19 African Infrastructure With m Loan to Africa Finance Corporation

VIENNA–(BUSINESS WIRE/AETOSWire)– The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005070/en/ The proceeds of the 10-year loan to AFC will help address the continent’s well-known infrastructure financing gap. The loan will also support increased financial flows to Africa and contribute to COVID-19 recovery efforts in…

KAAKI and INDEX Sign MOU to Boost E-sports in the Middle East

Riyadh, Kingdom of Saudi Arabia, 27 January 2020: Kaaki Sports Group, a prominent sport player in the Kingdom of Saudi Arabia (KSA) and INDEX Conferences and Exhibitions, a leading event management company in the UAE, signed a Memorandum of Understanding (MoU) -Cooperation Agreementyesterday, in Riyadh, the capital of the Kingdom of Saudi Arabia (KSA). The agreement aims to improve cooperation and strengthen collaboration between both entities, in regards to organizing exhibitions, events and competitions of international reputein the field of e-sports in the Kingdom of Saudi Arabia. The MoU-signing ceremony,…

The Estonian Defence Industry Association Concluded a Cooperation Agreement with the Emirates Defence Companies Council

ABU DHABI, United Arab Emirates–(BUSINESS WIRE/AETOSWire)– The Estonian Defence Industry Association (EDIA) and the Emirates Defence Companies Council (EDCC) Concluded a Memorandum of Understanding for Cooperation in the Field of the Defence Industry. “This agreement will provide the Estonian defence industry with a good basis to develop business cooperation in the United Arab Emirates. Estonian companies offer world-leading solutions in cybersecurity and data security, border protection, and modern warfare, as well as in several other fields,” said Kuldar Väärsi, a member of the Council of the Estonian Defence Industry Association. According…