UNIDO ITPO Italy supports an Italian delegation to Erbil Build Expo 2024 | Iraq, May 21-24, 2024

UNIDO ITPO Italy – the Italian Technology and Investment Promotion Office of the United Nations Industrial Development Organization – is pleased to invite Italian companies to participate in the business mission organized on the occasion of the 14th edition of Erbil Build Expo, the international trade fair dedicated to the building, construction and integrated engineering […]

Sace secures €1 billion loan to support Italian exports to Saudi Arabia

Italian exports to Saudi Arabia, after surpassing 4 billion euros in 2022, could put up a 15 percent increase in 2023 and 5 percent in 2024.With this in mind, Sace aims to strengthen trade and investment relations between Italy and Saudi Arabia, increasing opportunities for Italian exporting companies in light of the large-scale projects planned […]

Egypt, Italy forge strong agreements in diverse development sectors valued at €82M


A report from the Ministry of International Cooperation (MoIC) reveals that Egypt and Italy have engaged in collaborative efforts across various development sectors, amounting to €82 million. The MoIC states that the debt swap program has played a vital role in fostering cooperation between the two countries, with three components of the program, valued at […]

Middle East and North Africa: new business opportunities and strategies for Italian SMEs


A Confindustria report highlights how the MENA area represents an important “promised land of business” for Italian companies, thanks to China’s New Maritime Silk Road project, wealth of energy resources and a young workforce. Italy holds a 5.3 percent market share as a supplier to MENA countries, being the fourth largest supplier after China, the […]

Saudi Electricity starts selling dual-tranche sukuk – IFR

Saudi Electricity Company, the kingdom’s electric transmission monopoly, has given initial price guidance for its dual tranche dollar-denominated sukuk issuance, fixed income news service IFR reported on Tuesday. The initial price guidance for its 5-year sukuk has been placed at around 130 basis points over U.S. Treasuries while its its 10-year sukuk has been placed […]

Outstanding ESG sukuk surges to $36.1bln amid sustainability drive

Outstanding ESG sukuk grew significantly last year, as governments rolled out sustainability initiatives and issuers sought to diversify funding. Outstanding ESG sukuk surged to $36.1 billion as of the end of 2023, Fitch Ratings said on Wednesday. The ratings agency said it expects the ESG sukuk market to cross 7.5% of global outstanding sukuk in […]

Tunisia, heavily impacted, steps up its response to climate change


Disasters caused by natural hazards have claimed 1,098 lives (excluding COVID-19), affected almost 300,000 people and destroyed or damaged almost 45,000 homes in Tunisia, since 1980 until last year (2023), said representative of the Ministry of Agriculture, Water Resources and Fisheries Mohamed Ben Saïd, on Wednesday in Tunis, during a debate on the “Prevention and […]

IMF says Qatar economy resilient, growth normalising


Economic growth in Qatar will continue to normalise in the near- term following a boost in 2022 from hosting football’s World Cup, the International Monetary Fund said on Wednesday. The IMF, which is forecasting GDP growth of 1.9% for Qatar in 2024, said the Gulf state has remained resilient to recent global shocks and its […]

Focus on sustainable housing services in Bahrain


Housing and Urban Planning Minister Amna Al Romaihi affirmed that government partnerships with the private sector have effectively provided thousands of housing services to citizens in a short period, especially since the launch of the Housing Finance Programme, affirming the feasibility of government visions for sustainable housing service provision.This came as the Housing and Urban […]

Algeria to build 5 free trade zones


Algeria has approved plans to build 5 free trade zones which will be dedicated for expanding investment and commercial exchanges with West Africa, newspapers in the North African Arab country have said. Alwast and other dailies quoted Algerian Trade and Export Promotion Minister Tayeb Zitouni as saying during a weekend visit to the project site […]

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