- The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to...
Observers had expected the club to opt for a freeze in production for January, particularly after the emergence of the Omicron variant
But, the 13 members of OPEC and their 10 allies decided to stick with a modest increase in output of 400,000 barrels per day every month
- The OPEC Fund’s support will assist in boosting Afreximbank’s liquidity to grow its loan portfolio as it finances exports and...
The OPEC Fund’s support will assist in boosting Afreximbank’s liquidity to grow its loan portfolio as it finances exports and imports in critical sectors across Africa
The OPEC Fund’s loan will help address some of the challenges, which are also impacted by the COVID 19 pandemic
- Washington hailed Thursday's deal in a statement, saying it would "improve the transparency and fairness of processes for obtaining authorisations...
The countries, which account for just over a third of all WTO members, concluded the accord after four years of negotiations
WTO chief Ngozi Okonjo-Iweala hailed the deal as "historic", saying it would lower the costs associated with the services trade by as much as $150 billion each year
- Lebanon's unprecedented economic crisis and the coronavirus pandemic have dimmed the cosmopolitan appeal of the capital.
Lebanon's unprecedented economic crisis and the coronavirus pandemic have dimmed the cosmopolitan appeal of the capital
A long-standing trend towards rapid urbanisation seems to be slowing partly due to diminishing job prospects in major cities
- Brussels slapped fines totaling 344 million euros (390 million dollars) Thursday on Barclays, RBS, HSBC and Credit Suisse after finding...
Barclays, RBS, HSBC and Credit Suisse were fined and UBS's fine was reduced to zero as it voluntarily came forward to cooperate with regulators.
These fines brought to an end the third part of an investigation that has been ongoing since 2013 and which had already resulted in more than one billion euros in fines in 2019.
- The European Bank for Reconstruction and Development (EBRD) has said it will support the Moroccan financial system by launching an...
Participants’ progress will be tracked on a learning management system and given a certificate on completion of training.
The participants would learn about managing and pricing credit risk, raising funds via fixed-income and money markets.
- Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley.
Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley
The application will provide the farmers with accurate scientific information on irrigation dates and the required quantities of water
- Saudi Arabi on Wednesday recorded its first case of Omicron variant infection, in a citizen its health ministry said had...
The variant was first announced by South Africa but has since been discovered to have been present earlier in Europe
It has prompted governments around the globe to reimpose travel restrictions, despite warnings from the WHO against such a move
- Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York.
Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York
It climbed the list partly due to the strength of the national currency, the shekel, against the dollar, as well as increases in prices for transport and groceries





















