Category Archives: Market

Violence against Women Hinders Development, Says Minister

Rabat – Violence against women has an economic and social cost that hinders development in Morocco, minister of Solidarity, Social Development, Equality and Family, Jamila Moussali, said Thursday in Rabat.

Speaking at the closing conference …

UN Increases 2020 Budget, Adds Funds for War Crimes Inquiries

UNITED NATIONS – The United Nations General Assembly Friday adopted a $3.07 billion operating budget that for the first time includes funding for the investigation of war crimes in Syria and Myanmar.

The budget represents …

Ethiopia to Get $3 Billion Loan From World Bank

ADDIS ABABA – Prime Minister Abiy Ahmed said on Friday that Ethiopia will receive $3 billion from the World Bank to help strengthen reforms in its traditionally state-controlled economy.

Two days ago, the International Monetary …

US Extends License for Businesses to Work With Huawei by 90 Days

WASHINGTON – The United States on Monday granted another 90 days for companies to cease doing business with China’s telecoms giant Huawei, saying this would allow service providers to continue to serve rural areas.

President …

Stability is key for supermajor investment in Africa

Although it may appear that much of the exploration activity in Africa is driven by smaller independents, the supermajors still have a significant role to play. In recognition of the importance of the market these …

IMF: Volatile Politics and Oil Prices Hinder Mideast Growth

DUBAI, UNITED ARAB EMIRATES – Political uncertainty and volatile oil prices are hindering economic growth in the Middle East this year, but trends should reverse next year, according to a new report released Monday by …

IMF Warns Global Outlook ‘Precarious,’ No Room for Policy Mistakes

WASHINGTON – The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts business confidence and investment, the IMF said Tuesday.

It warned that the outlook …