Russia pledges to back AU reconciliation initiative in Libya

Russian Foreign Minister Sergey Lavrov has welcomed Congo and the African Union (AU) for efforts to reconcile Libyan sides in the crisis that has gripped the oil-rich African country since 2011. President of Congo Denis Sassou Nguesso, who also heads Read more

Throne Day: Morocco’s King Calls on All Stakeholders to Facilitate Foreign Investment & Combat Speculation

King Mohammed VI has laid out his vision to attract more foreign investment in an unstable environment marked by the continuing impacts of the COVID19 crisis and the effects of major international developments on the national and the global economy. Read more

Abu Dhabi sovereign wealth Mubadala leads $400 million Series D funding round for Germany-based insurtech Wefox

Wefox, a Berlin-based insurtech, has closed a $400 million Series D funding round led by Abu Dhabi Mubadala Investment Company, reports say. Other investors include Eurazeo, LGT, Horizons Ventures, OMERS Ventures, and Target Global, Wefox sells insurance to intermediaries and Read more

Dubai government approves $11.98 million of social benefits for Emirati people

The Dubai government has approved $11.98 million worth of new social benefits for Emiratis with disabilities in the emirate, state-run agency WAM reports. The benefits will be available for those under 60, who have physical or mental impairments and require Read more

Eighteen people were killed in shootings at two bars in South Africa

In Soweto, southwest of the South African economic capital, police were called shortly after midnight. “When we arrived, we found 12 people dead with gunshot wounds,” said Nonhlanhla Kubheka, a local police officer. A dozen wounded were taken to hospital Read more