The Enterprise Company

Saudi Arabia secured nine agreements in the mining sector, attracting over USD 9.2 bn in investments. The agreements — reached at the World Investment Conference — primarily target processing and manufacturing facilities. For the full story, click the link below: https://lnkd.in/gymJx-RD

The government is planning to issue its first EGP-denominated sovereign sukuk in the domestic market in the next fiscal year, a senior government source told EnterpriseAM. For the full story, click the link below: https://lnkd.in/gd5kdNYJ

The United International Holding Company (UIHC) — which owns and operates the Tasheel Finance brand name — closed the retail tranche of its IPO with a 9.1x oversubscription rate after booking SAR 903.5 mn in orders from 214.9k investors. For the full story, click the link below: https://lnkd.in/dzb_qXYC

Jordan’s Ministry of Energy has signed an MoU with China’s Hangzhou Huading New Energy (HDsolar) to conduct feasibility studies for producing green hydrogen and ammonia in Jordan. Under the agreement, HD Solar will conduct preliminary feasibility studies for a green hydrogen project in a bid to produce 400k tons of green ammonia annually. For the full story, click the link below: https://lnkd.in/dQtZfs4t

There’s another USD multi bn ammonia plant in the works, with Polish renewables player Hynfra announcing its plans to set up a USD 10.6 bn green ammonia facility in Egypt with a production capacity of 1 mn tons per year. For the full story, click the link below: https://lnkd.in/dwUbDgyV

The UAE's economy grew 3.9% y-o-y to AED 449.6 bn in 2Q 2024, while non-oil GDP increased by 4.8% y-o-y to AED 336.6 bn, contributing to 74.2% of the UAE economy. For the full story, click the link below: https://lnkd.in/dPZYCTq2

Non-oil exports from Saudi Arabia rose 7.6% y-o-y in 3Q 2024, while imports were up 11.4% y-o-y. Total non-oil exports including re-exports were up 16.8% y-o-y, with re-exports increasing in value by 48.4% over the same period. For the full story, click the link below: https://lnkd.in/dUDYKfHP

After going over time for two days, COP29 Azerbaijan wrapped with a new collective quantified goal (NCQG) agreement that urges developed countries to “take the lead” on raising at least USD 300 bn per year by 2035 for developing countries. For the full story, click the link below: https://lnkd.in/dxgjw8M2

Six-time squash world champion Amr Shabana has announced the acquisition of Mahara Sports Management for an undisclosed amount. Shabana has partnered with marketing consultancy ctrl+ for the venture to nurture athletic talent, develop training methods, and create partnerships with the public and private sectors. For the full story, click the link below: https://lnkd.in/dK8nrjVi

IFC - International Finance Corporation’s Africa head Sergio Pimenta’s trip to the country is making the headlines, with the private-sector focused The World Bank Group member helping launch the country’s first-ever sustainability bond issuance, green financing for Orascom Development Egypt in El Gouna, and an on-lending package to CIB Egypt to fund local SMEs. For the full story, click the link below: https://lnkd.in/dxyRMh6u