Development banks can boost lending by $200 bln – Paris summit
PARIS – Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their…
Category: MENA
Bahrain’s Mumtalakat extends McLaren group stake
Bahrain’s state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as…
Turkey expects Gulf investments after top-level UAE visit -sources
ANKARA – Turkey expects the United Arab Emirates (UAE) and Saudi Arabia to invest in its energy and defence sectors…
IMF working on global central bank digital currency platform
RABAT – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable…
Morocco’s OCP plans $7 billion green ammonia plant to avert supply problems
RABAT – Morocco’s OCP plans to invest $7 billion in an ammonia plant using green hydrogen, produced from renewable fuel, it…
Auto firms race to secure non-Chinese graphite for EVs as shortages loom
LONDON – Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as…
Paris 2024 Olympics headquarters being searched by police
PARIS – The headquarters of the Paris 2024 Olympics organising committee were being searched by police, organisers said on Tuesday.…
SoftBank’s Son says he is ‘heavy user’ of ChatGPT
TOKYO – SoftBank Group Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered…
Nigeria, Morocco, Cote D’ivoire, Liberia, Benin, Guinea Sign Mous On Nigeria-Morocco Gas Pipeline Project
Abuja, Nigeria, June 16th, 2023. West Africa marked another important milestone in energy sustainability, at the headquarters of the Economic…