VIENNA / WAM The Opec Fund for International Development (Ofid) signed a $100 million loan agreement with the government of Morocco to help build an inclusive financial sector as part of broader efforts to modernise the economy and support the kingdom’s recovery from the Covid-19 pandemic. Under the “Financial and Digital Inclusion Programme”, co-financed with the World Bank, the ...

DUBAI / WAM flydubai, the Dubai-based airline, announced that flights to Taif in Saudi Arabia will commence on April 15 with a daily service. This brings the number of destinations served by the carrier in the kingdom to seven. Ghaith Al Ghaith, Chief Executive Officer at flydubai, said, “We are pleased to see our network grow to offer more than ...

  Dubai / Gulf Time Emirates has launched Dubai Experience, its powerful and intuitive platform for customers to easily browse, create and book their own customised itineraries including flights, hotel stay, visits to key attractions, and other dining and leisure experiences in Dubai and the UAE. Customers can choose from pre-curated itineraries if they are first-time visitors, or if they ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, has undertaken several transactions in publicly listed companies within key sectors of Egypt’s economy, building on its long-term commitment to investing in the country’s economic growth through its $20 billion joint strategic investment platform. The investments reflect ADQ’s continued confidence in Egypt’s strong economic potential. The transactions ...

  Dubai / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth witnessed the launch of an e-book telling the story of the UAE’s seven emirates in 50 portraits of individuals. Devoted to the esteemed legacy of Sheikh Hamdan bin Rashid Al Maktoum and published in the year of the UAE’s Golden Jubilee, the book, titled, ’50U’, tells ...

  ABU DHABI / WAM The central bank of the UAE (CBUAE) and the Bank of Korea (BOK) on Wednesday renewed the Bilateral Local Currency Swap Agreement, reaffirming their commitment to promote trade and financial cooperation. The agreement was signed by Khaled Mohamed Balama, CBUAE governor, and Juyeol Lee, governor of the Bank of Korea. The agreement, which was originally ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced a donation of AED10 million to contribute to the “1 Billion Meals” initiative, to assist and provide sustainable food support to the underprivileged and most needy groups in 50 countries in the Middle East, North Africa and the world – in particular children, refugees, displaced persons, and victims ...

  Dubai / WAM Emirates Islamic Bank has launched the ‘Emarati Business Account’ initiative, designed specifically to support the UAE’s national companies. The new account builds on the bank’s ongoing commitment towards supporting the UAE’s SME sector, which represent 94 percent of the total companies and institutions operating in the country and contribute more than 50 percent to the country’s ...

DUBAI / WAM flydubai, the Dubai-based airline, announced that flights to Taif in Saudi Arabia will commence on April 15 with a daily service. This brings the number of destinations served by the carrier in the kingdom to seven. Ghaith Al Ghaith, Chief Executive Officer at flydubai, said, “We are pleased to see our network grow to offer more than ...

  ABU DHABI / WAM The Ministry of Economy (MoE) has confirmed the continuation of its periodic monitoring of the 300 most sought-after basic commodities in the markets, in partnership with the economic departments and regulatory authorities at the local and federal levels, through a weekly follow-up by the relevant work teams. More than 40 outlets and cooperative societies in ...