News

Invest for fair and sustainable economy says CDP chief

20/10/2021

(Source Ansa) – Cassa Depositi e Prestiti CEO Dario Scannapieco told the closing session of the Finance in Common Summit 2021 that “huge financial resources will be needed and the public development banks, with their mission at the service of the public interest, can be strategic allies in directing public and private investment towards sustainability […]

FedEx Express expands presence in Jordan

20/10/2021

(Source Jordan News) – FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, has announced its transition to a direct-serve presence in Jordan, to support the country’s growing export and import demands. The aim is to offer customers and businesses in Jordan with direct access to a wider portfolio of […]

Saudi markets surge as M&A activity set to continue until mid-2022: General Authority for Competition

20/10/2021

(Source Arab News) – In the 2021, the Saudi market saw mergers and acquisitions jump 68% to 237 applications, led by the IT, healthcare and petrochemical sectors. Talal Alhogail, head of mergers and acquisitions at the General Authority for Competition,  said that he expects the high rate to continue into the middle of 2022. The 2021 […]

Fitch maintains Egypt’s rating at B+; outlook stable

20/10/2021

“Real GDP grew 3.3 percent in FY21“ (Source Egypt Today) – Fitch Ratings has maintained Egypt’s long-term foreign-currency issuer default rating (IDR) at ‘B+’ with a stable outlook. The Egypt rating is backed by the “recent record of fiscal and economic reforms, which the authorities are continuing, as well as its large economy, which has […]

UAE climbs to 4th spot as world’s best place to live, work – HSBC survey

19/10/2021

(Source Zawya) – The United Arab Emirates has been ranked among the top five best places to live and work, according to HSBC.  The country has climbed ten spots to rank fourth out of 48 markets globally, with Switzerland took the number one spot, followed by Australia in the second position, New Zealand in the […]

Tunisia in talks with Saudi Arabia, UAE for financial support

17/10/2021

(Source Arab News) – Central bank official Abdelkarim Lassoued said that Tunisia has reached out to Saudi Arabia and the UAE for financial assistance and a possible agreement with the two gulf states could be reached soon. In fact, Tunisia is looking to secure $4 billion from the IMF over three years  to meet its […]

Alitalia dies after 75 turbulent years, hands over to ITA

15/10/2021

(Source Reuters) – Alitalia, a one-time symbol of Italian style and glamour, will operate its last flight on Thursday after 75 years, before handing over to its downsized successor Italia Trasporto Aereo (ITA).  Although Alitalia has a glorious past, the company has ended only one year in the black this century and the government has […]

ICE Agenzia – Giordania / Palestina / Iraq

15/10/2021

Info brevi su interscambio/ statistiche/ eventi promozione/opportunità business di ICE AGENZIA per GIORDANIA / PALESTINA/IRAQ Italian Design Day in Amman Grande attenzione e successo di pubblico per l’apertura, il 9 ottobre allo Sweifieh Village, dell’Italian Design Day ad Amman, collegato all’evento globale a tema annuale lanciato nel 2017 dal Ministero degli Affari Esteri e della […]

Saudi Arabia’s National Investment Strategy

Saudi Arabia’s National Investment Strategy

The Kingdom’s Vision 2030, launched in 2016, aims to grow and diversify Saudi Arabia’s economy through a series of prodigious structural, economic and social reforms. To realize this ambition, the Kingdom is turbocharging the development of strategic sectors through a progressive approach to investments, which includes multiple Vision Realization Programs focused on sector specific improvements […]

Mission to United Arab Emirates

15/10/2021

On the occasion of his mission to the United Arab Emirates, Vice President Pietro Paolo Rampino met with Hani Helmy, Head of Internal Sharia Control Department Emirates NBD Bank. The meeting provided the opportunity to further strengthen the bilateral relations and enhance cooperation on Islamic Finance and attraction of Foreign investments, both issues on which […]

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