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UAE, Egypt sign reinsurance pact to bolster trade

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have signed a reciprocal reinsurance agreement to support Emirati and Egyptian projects in their respective countries and their initiatives around the world. The agreement between the two state-owned firms will bolster the strong trade and ...

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Meta joins Entrepreneurial Nation initiative to upskill startups, SMBs

  ABU DHABI / WAM Meta, in partnership with The Entrepreneurial Nation, announced the launch of ‘Boost with Facebook’ programme for the first time in the UAE, to support the achievement of the initiative’s goal to attract and support startups and small and medium-sized businesses (SMBs) across the country. The Entrepreneurial Nation, a project by the Ministry of Economy, aims ...

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European industry faces shrink or shut decisions on energy pain

Bloomberg Europe’s biggest industrial firms have been banking on spring to bring down soaring energy costs. Those hopes faded this week as Russian tanks rolled into Ukraine. Smelters and chemical factories across Europe were already struggling before the invasion sparked another jump in gas and electricity prices. Now, a growing list of companies including Europe’s biggest chemicals maker BASF SE ...

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