Il Sole 24 ore: ITALYX Business Matching Meeting

The Joint Italian Arab Chamber of Commerce would like to inform you that it has received an official communication from Il Sole 24 Ore regarding the first “ITALYX Business Matching Meeting,” scheduled to take place on Wednesday, June 19, at 5:30 PM at the headquarters of Il Sole 24 Ore in Milan (Viale Sarca 223). […]

Italy’s industrial production index declines 2.9% in April 2024

Italy’s calendar-adjusted industrial production index experienced a decline of 2.9 per cent compared to April 2023, according to the Italian National Institute of Statistics (Istat). The index specifically for the manufacture of textiles, wearing apparel, and accessories saw a significant year-on-year (YoY) decrease of 13.3 per cent. The seasonally adjusted industrial production index for April […]

Federacciai calls for support for the Italian electrosteel sector 


The Italian electric steel sector needs support in addressing a number of issues. This was discussed at a meeting between representatives of the Italian steelmakers’ association Federacciai and the Minister of Enterprises and Production Adolfo Urso, Borsa Italiana reports. Despite the fact that the Italian steel industry is a leader in Europe in decarbonization, there are […]

Saudi mining reforms garner global recognition for investment-friendly environment

Saudi Arabia mining sector reforms have seen it recognized as the fastest-growing regulatory and investment-friendly environment globally over the past five years, a new report stated.  MineHutte, an independent research and consultancy firm based in England, has stated that the Kingdom has also been ranked the second-best country globally for its licensing environment.  This comes as Saudi […]

Jordan gets $30mln for sustainable wastewater treatment plant in West Irbid


The European Bank for Reconstruction and Development (EBRD) has signed an agreement with Jordan’s Ministry of Planning and International Cooperation to extend a financing package to the Water Authority of Jordan (WAJ) to construct a 12,000 cubic metres per day (m3/day) capacity wastewater treatment plant in West Irbid. The investment will help treat collected wastewater […]

Arada closes $400mln sukuk, oversubscribed 3.5 times


 Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully completed the issuance of its second public financing deal, a $400 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. This is the first issuance under Arada’s newly established $1 billion Sukuk programme. The five-year […]

Agricultural Resilience: Support for Tunisian Farmers


Tunisia is situated between Algeria and Libya on Africa’s northern coast and has a population of approximately 12.36 million as of 2022. The poverty rate in the country is 17.1%, but this is mainly due to vast regional disparities. Tunisia’s urban areas are primarily located along the coast and account for 90% of the country’s official employment. While […]

Qatar: Private sector exports reach $686mln in Q1

The value of private sector exports in the first quarter of 2024 (Q1) amounted to QR2.53bn, making a 6% increase on a quarterly basis compared to QR2.39bn in the fourth quarter of 2023, according to the quarterly report released by Qatar Chamber recently. The report showed that according to the type of certificates of origin […]

Made in Morocco: Neo Motors Opens First Showroom in Rabat


Néo Motors, Morocco’s first entirely domestic car manufacturer, celebrated a major milestone on Friday with the inauguration of its first showroom in Rabat. This momentous occasion, following the unveiling of the “Neo” model to King Mohammed VI in May 2023, was marked by the symbolic handover of keys to ten eager customers, becoming the proud […]

Kuwait signs $102m loan to develop Bahrain’s power grid


The loan is part of a series of loans by the Kuwaiti fund to develop 400 kilovolt electricity transmission networks in Bahrain, KUNA noted. Kuwait, along with Saudi Arabia and the UAE, pledged $10bn in financial aid to Bahrain in 2018 to rescue the country from a potential debt crisis. The deal was signed during Sheikh Salman bin […]

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