CAIRO / WAM Emirates NBD affirmed its commitment to supporting mega national projects and securing the necessary financing, thus contributing to the Egyptian economy’s development and boosting production in light of the bank’s expansion plan in the Egyptian market. Emirates NBD Egypt signed a EGP2 billion (AED287mn) facility contract with the Egyptian Electricity Holding company during a signing ceremony at ...

Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is participating in the China Outbound Travel and Tourism Market (COTTM) for the third consecutive year. The leading exhibition, now in its 12th year, starts in the Chinese capital Beijing on April 12, and will run until April 14. SCTDA’s presence at COTTM 2016 comes as part of the ...

Beijing / Bloomberg Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese e-commerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance. China’s largest online emporium will pay $500 million for new shares in the closely held company and purchase ...