It sold the sub-Saharan Africa business to Access Bank.

The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been criticized over its treatment of migrants after President Kais Saied accused "hordes" of migrants from sub-Saharan African countries of a "plot" to change the country's demographic makeup.

Amid reports of a mass grave having been found in the country's Darfur region, the African leaders summit exhorted an end to the fighting in Sudan. The ICC meanwhile said it has begun a new probe into alleged war crimes in the country, adding that the spiraling violence was a...

The company will invest through acquisitions and JVs.

Dubai, UAE--Dubai Investments and E20 Investment have signed a memorandum of understanding (MOU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development. E20 Investment, specializes in investing in and operating farms and processing facilities across the...

TRIPOLI, LIBYA- Rivals in politically divided Libya have agreed to form a committee on sharing oil revenues, a move welcomed on Saturday by the UN, after military strongman Khalifa Haftar sought a "fair" split. Haftar, who backs the country's eastern administration, had last Monday called for a committee to address the...

Hundreds of migrants from sub-Saharan Africa have been left stranded in dire conditions in the south of Tunisia since being driven out of the port city of Sfax in the past week. The rights group's statement comes against a backdrop of violence after the funeral of a 41-year-old Tunisian man...

Crude is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict, involving foreign powers and a myriad of militias, since a NATO-backed revolt toppled strongman Moamer Kadhafi in 2011.

GABORONE, BOTSWANA -  Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw the continent's top producer threatening to cut ties with the storied company. The Botswana government and Anglo-American, the majority owner of De Beers, have reached an "agreement in principle", the...

Hundreds of millions of Muslims in their best dresses packed mosques in the Middle East, Asia, Europe, Africa, and the Americas to mark the festive occasion.

Despite a global economic slowdown in 2022, high-net-worth individual wealth in the region experienced growth on the back of strong earnings in the oil and gas sectors.

In spite of economic sanctions imposed by the Western governments against Iran, the country has seen its oil exports surge in May to 1.9 million barrels per day. According to its oil minister, the energy diplomacy and its strengthening relations with countries in Asia, Africa, and Latin America have helped...

Dubai,  UAE - Dubai International Chamber, one of the three chambers operating under Dubai Chambers on Wednesday marked the official inauguration of its latest international office in Johannesburg, South Africa. The new office further strengthens the UAE’s growing trade links with Africa and will seek to boost the level of...

Dubai, UAE - Middle East, Turkey, and Africa (META) region ranks among the top three regions most prone to mobile financial scams, a recent report by cybersecurity firm Kaspersky has revealed.  The study indicates that 14 percent of installations of potentially unwanted mobile financial apps on Android phones were made...

PARIS, FRANCE -  Forty-five governments have endorsed doubling the average global rate of energy efficiency improvements by the end of the decade to foster sustainable economic growth. This will help put the world on a secure and affordable path towards net zero emissions. "It’s hard to overstate the importance of...

Israel participated in the event last year, however only as international military observers, without soldiers taking part on the ground. Morocco and Israel have been working to boost cooperation in the military, security, trade and tourism fields since they normalized ties in December 2020.

ISTANBUL, TURKEY - The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months. The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along...

DUBAI, UAE -  The UAE is poised to play a pivotal role in global trade with its exports projected to reach around US$544 billion (AED2 trillion) by 2030, showcasing a robust annual growth rate of 5.5 percent. according to a Standard Chartered research study. The report, titled 'Future of Trade:...

Dubai, UAE-- In order to fulfill demand for working capital in Africa, DP World has partnered with Standard Bank, the largest bank in Africa by assets, to offer trade finance solutions jointly with DP World Trade Finance. African companies looking for trade finance will now be able to seamlessly access...

“When it comes to renewable energy, only two percent of the US$3 trillion invested worldwide over the last twenty years have made their way to Africa. If we can shift the balance on climate finance to Africa, I believe this continent can become a defining force in low carbon sustainable...

Air strikes and artillery exchanges shook the Sudanese capital and armed men ransacked the Qatari embassy as the country's warring generals kept up their struggle. Khartoum residents said that heavy fighting raged despite repeated global calls for a truce. The area around the state television building in Omdurman was also...

fighting and looting raged most of Thursday in the capital Khartoum and US diplomats were frank about the obstacles in the nearly week-long talks in Jeddah. "This is not a ceasefire. This is an affirmation of their obligations under international humanitarian law," said a US official involved in the talks,...

The company posted its highest-ever quarterly sales.

Washington, United States - Improving trade relations between African countries could provide a major boost to economic output (GDP) across the continent and help tackle challenges like climate change, the International Monetary Fund said Friday. The new IMF report found that reforming the "fragmented" trade policy landscape and better implementating existing...

48% of the bond went to central banks and official institutions.

Paris, UAE -- Without $97 billion in extra funding, a range of countries will fail to meet their 2030 national education targets, a new UN report has said, calling for an urgent review of financing. The paper “Can countries afford their national SDG4 benchmarks?” by the Global Education Monitoring (GEM)...

Major cloud service providers such as Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud regions. 

Tunisia has recovered 14 bodies of migrants from sub-Saharan Africa in the Mediterranean, bringing to 24 the number of dead after their boat headed for Europe sank, the coastguard said. The spokesman for the National Guard announced that 41 Tunisian migrants, including five women and nine children, had been "rescued"...

Dubai, UAE – Spending on artificial intelligence in the Middle East and Africa (MEA) — including Israel — will reach $3 billion in 2023, according to the latest Worldwide Artificial Intelligence Spending Guide from International Data Corporation (IDC). While this will account for just 2 percent of the global total...

"Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness -- it is also a strategic imperative that reduces poverty and promotes sustainable economic growth," the office of US VP Kamala Harris said.

Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the parties. Standard Chartered, the emerging markets-focused lender, plans to exit seven markets in Africa and the Middle East. The bank entered into an agreement with AJIB, subject to central bank...

Tangiers, Morocco--Morocco stunned Brazil 2-1 in a friendly international on Saturday as the north African side recorded a first ever win over the five-time world champions. Midfielder Sofiane Boufal, a former Southampton star, but now playing with Al Rayyan in Qatar, gave Morocco the lead after 29 minutes, scoring with a...

ABU DHABI, UAE - etisalat by e& announced on Saturday the implementation of the Eutelsat Quantum satellite solution, becoming the first telecommunications company in UAE to expand 5G network capabilities over a software-defined satellite. This will give customers access to high speeds, enhanced coverage and scalability to meet future demands...

Abu Dhabi, UAE -- Masdar has signed an agreement with the Cote d'lvoire's energy ministry to explore the development of a 70-megawatt solar power plant. The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led program that aims to raise public- and private-sector funds to invest...

Dubai, UAE – French President Emmanuel Macron faced embarrassing moments during a joint press conference with the Congolese President Felix Kshisekedi who called for an end to “paternalistic gaze” with which developments in Africa are gauged by the West. Tshisekedi said that what needs to change in Congo’s relations with...

At the moment just 36 percent of the 1.25 billion people in the world's 46 poorest countries can plug into the internet, the International Telecommunication Union said. By comparison, more than 90 percent have access in the European Union. The ITU condemned the "staggering international connectivity gap".

A week after President Kais Saied ordered "urgent measures" against irregular sub-Saharan migrants, Tunisian tennis star Ons Jabeur has spoken out against "discrimination". In a tweet Jabeur said that as a proud Tunisian, Arab and African woman she celebrates the right of everyone to live with dignity.

The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at any point during its journey.

UN chief Antonio Guterres called for Africa to take "action for peace" to combat rising violence as the continent's leaders held their annual summit in Addis Ababa. Africa is reeling deadly violence in the Sahel region and the eastern Democratic Republic of Congo, with the African Union meeting aiming to...

The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to energy across the African continent.

Rabat, Morocco--A Moroccan appeals court has increased the prison sentences of eight migrants over a deadly attempted crossing into the Spanish enclave of Melilla, their lawyer said Tuesday. Around 2,000 people, many of them Sudanese, stormed the frontier on June 24 in a bid to reach Spanish territory across one...

The $15 million pact will expand YahClick's presence in Africa.

Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media said. Meloni's trip - her second to a North African country this week - is the first by a European leader to war-battered Libya since her predecessor Mario Draghi's visit...

The UN drugs agency noted that an increase in cases of human trafficking had been observed in Bangladesh and the Philippines after devastating cyclones and typhoons displaced millions.

Jeddah, Saudi Arabia---The Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Development Insurance arm of the Islamic Development Bank Group, Saturday signed an MoU with the Abu Dhabi Future Energy Company (Masdar) as part of its goals to transition to renewable and clean energy in markets...

Abu Dhabi, UAE--Masdar has signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW). The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds...

Davos-Klosters, Switzerland-- African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA). AfCFTA: A New Era for Global Business and...

Violence broke out in an illegal camp in Casablanca when police sought to remove migrants, injuring an officer and leaving many police vehicles damaged. Images on social media showed migrants throwing stones. According to local media, police questioned six migrants from sub-Saharan Africa suspected of involvement in the violence towards...

According to secretary general of the government's High Commission for Planning (HCP) Ayache Khellaf, assuming recovery of agricultural activities, the national economy should show a 3.3-percent increase in 2023. The HCP in July had projected a 3.7-percent increase in Gross Domestic Product this year after just 1.3 percent in 2022.

The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and 2027.