VIENNA, The OPEC Fund for International Development (OFID) has signed an US$80 million loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade directly among corporates or through financial intermediaries.The OPE…

DUBAI, Dubai Airport Freezone Authority (DAFZA) has signed a Memorandum of Understanding (MoU) with the Torino Chamber of Commerce, which will help attract Italian companies to launch operations in the free zone.The signing came during a visit by an of…

ABU DHABI, The total value of the UAE’s foreign trade in the past five decades amounted to some US$9.32 trillion (AED34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD).Additionally, the country’s trade balance…

ABU DHABI, Shares in Multiply Group, a subsidiary of International Holding Company (IHC), reached AED2.00 per share at the end of their first day of trading on 5 December 2021, 80.2% higher than their pre-listing prospectus valuation.The company was li…