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Tanzania

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.
  • Iran seizes two oil tankers and arrests crews for alleged fuel smuggling

    Tehran, Iran - Iran has seized two oil tankers allegedly carrying smuggled fuel in the Gulf and arrested their crews, state television announced on Friday."The Revolutionary Guards naval forces seized two ships over the course of the last two days," state television said, citing Mohammad-Sharif Shirali, a Guards commander."The seized tankers......
  • ADFD finances $105.4m energy security project in Tanzania

    ABU DHABI, UAE -  The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement with the Government of Tanzania worth US$105.4 million (AED387 million) to enhance energy security in the country.The project’s objective is to fully connect the Kagera administrative region with the national electricity grid, reducing dependency...
  • US unveils $1bn initiative for African women’s empowerment

    "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.
  • French court sets aside NGOs lawsuit against TotalEnergies

    PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda and Tanzania after several NGOs filed a suit to suspend the controversial project.The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to...
  • dnata invests $10 million in Zanzibar

    The company has started ops at Abeid Amani Karume International Airport
  • Tanzanian aircraft with 49 people on board plunges into a lake

    Dar es Salaam, Tanzania— A domestic passenger plane plunged into Lake Victoria in Tanzania early on Sunday due to bad weather shortly before landing in the northwestern city of Bukoba, police said, adding that rescue efforts were under way. "There was an accident involving a Precision Air plane which... crashed into...
  • UAE, Tanzania sign pact to avoid double taxation

    UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.
  • AD Ports, Hutchison to explore investments in GCC, Asia, Africa

    Abu Dhabi Ports and Hutchison Ports have signed an MoU to identify joint investment and business opportunities related to feedering, logistics, and port activities across the GCC, Africa and Asia. The two organizations will also form a partnership to operate within Tanzania, where they will work closely together to explore...
  • Oman, Tanzania establish Joint Investment Fund

    Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.
  • Dubai watches with awe rare rough ruby

    A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of an auction in Dubai.
  • Suriname, Tanzania, and Senegal explore investment opportunities at Expo

    Suriname, Tanzania, and Senegal have explored investment and other opportunities to collaborate with the stakeholders from across the region and the globe through the World EXPO2020 Dubai, according to CEO Clubs Network. CEO Clubs Network hosted "Suriname: Oasis of Opportunities for the ‘Republic of Suriname’ in the presence of the...
  • UAE suspends entry for travelers from Kenya, Tanzania, Ethiopia, Nigeria

    UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations, and scholarships. In addition, the country has introduced new travel requirements for those coming on direct flights from Uganda and Ghana. These include having a negative COVID-19 test obtained within...
  • Abdulrazak Gurnah wins literature Nobel Prize

    The Nobel Committee said the theme of the refugee’s disruption runs throughout the work of Gurnah, and he was awarded the prize ‘for his uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee in the gulf between cultures and continents.’
  • Under new president, Tanzania to start vaccine rollout

    The move was announced by Health Minister Dorothy Gwajima, who also called for other government leaders to play a role in fighting the pandemic