Egypt plans to upgrade its seaport to boost international trade
The cost of upgrading the seaports is estimated to be around $4 billion and it covers 58 projects
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Saudi central bank to extend deferred payment programme for SMEs
The extension will help the SMEs impacted by the Covid-19 pandemic crisis for another three months from July
ADB approves $160.5 mn to refinance solar plant in Vietnam
The financing structure includes $24.5 mn from ADB, $128 mn from the syndicated loan (B loan) and $8 mn from Leading Asia’s Private Infrastructure Fund
WHO plans mRNA Covid-19 vaccine hub in South Africa
This will help poor and middle-income countries to learn how to produce the Covid-19 vaccine and acquire a license
Malaysia and Egypt collaborates to promote vaccine rollout
Malaysia’s Foreign Minister said an area of interest to Malaysia is the production of Sinovac Covid-19 vaccines from Egypt
Aramco sells $12.4 bn stakes in pipeline unit to EIG-led consortium
The consortium represents a broad section of investors from North America, Asia, the Middle East
Saudi banks report a 34% profit increase in first-quarter: A&M
The top 10 banks have witnessed increased profit because of loan growth
Nigeria might launch digital currency soon
The project has been under work for the past two years
Thailand to lift Covid-19 restrictions to help economy
The country is planned to reopen in 120 days
Akur8 secures $30 mn in Series B funding for international expansion
The total funding of the firm has reached $42 mn