Abu Dhabi, UAE--The Arab Bank for Economic Development in Africa (BADEA) expects the bank's annual financing to reach US$2.5 billion by the end of 2024. According to its director general, Dr. Sidi Ould Tah, the annual financing of the bank is witnessing a steady increase, rising from US$2 billion in...

On average, every person on earth generates roughly 7.8 kilograms (17 pounds 3 ounces) of e-waste each year, said the report from the UN Institute for Training and Research (UNITAR) and the International Telecommunication Union (ITU), another UN agency.

Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said on Friday. Two people were rescued by the Turkish coastguard and another two managed to make it out of the water on their own, officials said. The victims' nationalities were...

Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said. Commercial ships have been taking longer and costlier journeys around the southern tip of Africa to avoid attacks by Yemen's Houthi rebels in the Red Sea.

DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the UAE. There's been a significant increase in Indian businesses setting up there, with 28 percent more new companies in 2023 compared to the previous year. This resulted in over 190...

Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in a generation leaving many in Africa's most populous Muslim country struggling to buy food. With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central...

Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African and Middle Eastern countries. Titled BRICS: Potential Roles, Challenges Facing African and Middle Eastern Countries, the one-day workshop discussed new memberships, expectations, and needs related to the mechanism. New BRICS...

Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30% year-over-year (YoY) and 9% quarter-over-quarter (QoQ) in the final quarter of 2023, according to Counterpoint’s Market Monitor Service.  The MEA region demonstrated the highest YoY growth globally during this period,...

The vast mosque, which can hold 120,000 worshippers, first opened for prayers in October 2020, but President Abdelmadjid Tebboune was suffering from Covid-19 and did not attend. Known locally as the Djamaa El-Djazair, the modernist structure extends across 27.75 hectares (almost 70 acres), and is smaller only than the two...

Without action, "the situation will deteriorate," he warned. "Conflicts are multiplying. The climate crisis is set to spiral, as emissions continue to rise. And acute food insecurity has been increasing year on year."

"The current military-security situation heralds what is likely to be a more dangerous decade, characterized by the brazen application by some of military power to pursue claims," the report said.

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including Bronzes from Benin, royal treasures from Ghana and friezes from Greece. However, politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums,...

PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill battle as a pioneer African couturier at Paris Fashion Week. The bark of the Obom tree, kente cloth from Ghana and kapok fibres from Burkina Faso are some of the...

Paris, France -- While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis. The rise in interest rates and over-indebtedness is already crimping the ability of countries to finance their development,...

The cooperation deal between the two will begin February 2025.

Lagos, Nigeria - Africa's biggest diesel and aviation fuel refinery built by the continent's richest man has started production, the company said on Saturday, calling it a "big day for Nigeria". The 650,000 barrel-per-day Dangote refinery could be a game changer when fully operational by helping end Nigeria's reliance on fuel...

Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home territory.

The deal could be worth as much as $8.5 billion.

Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home territory.

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs for Security and Military Affairs, participated in the United Nations’ Peacekeeping Ministerial Meeting here. The ministerial meeting was the first to be held in Africa with previous sessions taking place...

Dubai, UAE - A "possible explosion" struck a key shipping lane off Yemen on Monday, two maritime agencies said, the latest incident in the vital waterway threatened by Houthi rebel attacks. The British military’s United Kingdom Maritime Trade Operations issued a warning of a potential explosion striking near a vessel passing through...

Tehran, Iran--Iran’s export to African countries in the first seven months of the current Iranian calendar year registered a 185 percent hike compared to the same period in 2020, an official said. Iran’s direct and indirect exports to the African continent in the administration of President Ebrahim Raeisi have significantly...

Out of the 12, countries in the Horn of Africa were most affected, with Ethiopia and Somalia accounting for about half of the 27 million children facing hunger, Save said.

Antwerp, Belgium - As European capitals prepare to implement long-awaited sanctions on Russia's diamond exports, Belgian traders are bracing for new scrutiny of their industry. In Antwerp's renowned diamond district -- which handles an estimated 86 percent of the world's rough diamonds -- polishing "labs" are turning to blockchain technology to...

Dubai, UAE - Blue Carbon, a Dubai-based company has secured expansive forested land across several African nations, a CNN report said.  The area, which is estimated to be nearly equivalent to the size of the United Kingdom, is earmarked for conservation projects aimed at safeguarding forests and preventing significant amounts...

Dubai, UAE--ENOC Group will reach more than one billion gallons of jet fuel sales at the end of this year by supplying more than 153,000 commercial, military, and general aviation flights around the world. The company made the announcement on the sidelines of the 18th edition of Dubai Airshow, which...

Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Investment has held a number of roundtable meetings with several African countries on the sidelines of the Saudi-African summit in order to enhance business ties with them. The Saudi-Chadian roundtable meeting was held yesterday, in the presence of the President of the Republic...

Riyadh, Saudi Arabia - Saudi EXIM Bank has signed multiple agreements and memoranda of understanding (MoUs) with African banks and financial institutions on the sidelines of the Saudi-Arab-African Economic Conference recently held in Riyadh. Saad Al-Khalb, the CEO of the Saudi EXIM Bank, signed Line of Credit agreements worth $185...

The emergency meetings of the Arab League and the Organization of Islamic Cooperation come after over one month of Israeli bombardment has killed more than 10,000 people in Gaza, many of them children, according to the Hamas-run health ministry. With Israel's leaders rebuffing talk of a ceasefire until the captives...

The IMF announced member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. Spanish Economy Minister Nadia Calvino, who chairs the IMF Financial Committee, said there was an agreement...

Marrakesh, Morocco – Africa’s total exports will reach $952 billion by 2035 and the African Continental Free Trade Area (AfCFTA), once fully implemented, has the potential to increase this figure by a further 29 percent, a Standard Chartered report has revealed.  This represents an annual growth rate of 3 percent...

Abu Dhabi, UAE - The UAE as a geographical and business hub will help the proposed ‘food security corridor project in India under the I2U2 framework,’ Piyush Goyal, Indian Commerce Minister told the Emirates News Agency (WAM) in an exclusive interview. “The UAE as a trading hub can cater to...

Part of the aim of the revised policy is for European Union countries to act together should they be faced with a sudden large inflow of asylum-seekers, as happened in 2015-2016 when hundreds of thousands of migrants arrived, most of them Syrians fleeing the war in their country.

Meloni, who won the election last year on a vow to stop immigration, said Sunday the defense ministry would also be charged with setting up more repatriation centers "as soon as possible". The government allocated 42.5 million euros ($45.3 million) at the end of 2022 for new repatriation centers, and the...

"We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five MEPs, said in a statement. "This conduct is unprecedented since (Tunisia's) democratic revolution in 2011", it said.

Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe by climate change, the United Nations and Iran said. “I urge you to use your time in Tehran to build partnerships, increase cooperation and commit to practical action,” UN chief...

The aim is to speed up clean energy transition in Africa.

"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology at University College London.

Speaking at a landmark climate summit hosted by Kenya, Sultan Al Jaber, who heads the government-owned renewable energy firm Masdar, the UAE's national oil company ADNOC and the COP28 climate talks, said the money will jump-start a pipeline of bankable clean energy projects in this very important continent.

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin are likely to discuss a deal on supplying Russia's flour to African countries, according to TASS. "Both leaders spoke earlier about plans to process Russian grain into flour in Turkey and sending it to the poor nations...

Haftar, who backs the country's eastern administration, is close to Russia's private Wagner mercenary group, whose troops guard military and oil infrastructure in the country. "This is the first official visit of a Russian military delegation to Libya," Moscow's defense ministry said.

In a collaborative bid to address the migrant crisis, Tunisia and Libya have announced a shared responsibility for hundreds of migrants stranded at their border. These migrants, primarily from sub-Saharan African countries, had been left in the desert area of Ras Jedir. The deal aims to provide shelter and essential...

Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to strain the region's finances, data and analytics company GlobalData said in its Global Risk Report Quarterly Update -- Q1 2023. The region's risk score went up from 54.3 out of...

In the midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on the desert. The man is just one among hundreds of migrants arriving daily in Libya after being abandoned in the desert borderland by Tunisian security forces, according to Libyan border...

"I would like to note that the African continent is emerging as a new center of power right before our eyes. It has been demonstrating exponential growth in terms of its political and also economic roles. Everyone will have to reckon with this objective reality," adds Putin during the second...

Moscow, Russia - Trade turnover between Russia and Africa reached $18 billion in 2022, which is one of the results of the Russia-Africa summit in Sochi, Russian President Vladimir Putin said at a plenary session of the Russia-Africa forum. "I would like to note that last year trade turnover between...

He was referring to a new IEA report which suggests that universal clean cooking access could be reached worldwide by 2030 with annual investment of US$8 billion. "This is just a tiny fraction of what the worlds spends on energy each year. Tackling this injustice is affordable and achievable," he...

Niamey, Niger -- An attempted coup was underway Wednesday in the fragile state of Niger, where members of the Presidential Guard detained President Mohamed Bazoum, triggering a standoff with the army, sources said. The head of the West African bloc ECOWAS said Benin President Patrick Talon was heading to Niger on...

"The UAE believes in the importance of joint action, integration of efforts, and promotion of economic development for countries facing development challenges and affected by irregular migration, according to a framework of joint planning with various international partners," adds Al Hashimy.

LEIDEN, NETHERLANDS - In a Dutch museum the sound of hip-hop blares out next to sarcophagi and statues, in what curators say is an attempt to show the influence of ancient Egypt on black musicians. A photo of superstar Beyonce dressed as Queen Nefertiti sits next to ancient busts, while a...