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The International Finance Corporation (IFC), a member of the World Bank Group, announced Wednesday the investment of $5 million a new venture capital fund from Disruptech Ventures to support development in Egypt’s fintech sector and help expand access to financial Read more
The African Development Bank, AfDB, is raising $1 billion to help increase local production of wheat in Africa to surf the commodity shortage caused by the Russia-Ukraine conflict, reports say. The Abidjan-based bank, according to its President Akinwumi Adesina, aims Read more
The Nigerian government has debunked local reports that it has chosen Qatar Airways (QR, Doha Hamad Int’l) as the preferred bidder for its new national airline, Nigeria Air, pointing out that the bidding process has only just opened, Ch-Aviation reports. Read more
Saudi Arabian oil giant Aramco will invest in the development of a major integrated refinery and petrochemical complex in Northeast China, Zawya reports. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Read more
The Saudi capital Riyadh will host the Global Entrepreneurship Congress (GEC) March 27-30 with 180 countries expected in attendance, reports say. GEC, the kingdom’s state-run news agency SPA reports, chose Riyadh to host the congress because, according to the Global Read more
A Lebanese prosecutor Thursday issued travel bans against the heads of the boards of five Lebanese banks as a precautionary measure as she investigates transactions made by their banks, reports say. Judge Ghada told Reuters, she issued the bans against Read more
AG Café has announced plans to open 110 more branches of Tim Hortons in Saudi Arabia by 2024, taking the total number of stores across the country to 200, Zawya reports. The company runs 190 stores, in total across the Read more
UN High Commissioner for Human Rights (OHCHR), Michelle Bachelet, has reiterated serious concern about the serious human rights violations and growing restrictions imposed by Algerian authorities on fundamental freedoms. “In Algeria, I am concerned about the growing restrictions on fundamental Read more
The sultanate of Oman is planning to build a “metro” that will serve its capital Muscat and tackle road traffic jams due to a rapid rise in its population, Zawya notes citing a government official. Ibrahim Al-Waeli, Director of strategic Read more
United States Deputy Secretary of State, Wendy Sherman renewed, on Tuesday during her visit to Morocco, her country’s support to the autonomy plan, proposed by Morocco in 2007, as a final solution to the artificial conflict over the Moroccan Sahara. Read more