JEDDAH: The Saudi Export-Import Bank allocated about SR250 million ($66.6 million) to small and medium enterprises in the first quarter of 2022 – and plans to allocate another SR300 million by the end of the quarter. ‘year. “About 42% of our customers are currently SMEs. Since the establishment of theRead More →
PRINCEVILLE, North Carolina (AP) — As she exits the only restaurant in her hometown with an order of cabbage and hush puppies, Carolyn Suggs Bandy stops to brag about a spot that lays claim to the oldest city chartered by black Americans nearly 140 years ago. “It’s sacred to me,”Read More →
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc. that he could crack down on pay for the social media company’s executives and board members in the goal of reducing costs, and would develop new ways to monetize tweets, three people familiar withRead More →
BEIJING: The prolonged lockdown in Shanghai, China’s financial hub, is slowing the country’s generally booming meat trade, with strict COVID-19 measures causing logistical bottlenecks in the food industry, a sign of growing disruptions to business. The challenge of transporting food to and around Shanghai, whose residents are in stressful isolationRead More →
This is a first in Tunisia. The International Forum on Corporate Social Responsibility (CSR) is being held from May 12 to 14, 2022. The event, which will be held at the Medina exhibition center located in the seaside resort of Hammamet, 66 km from the capital Tunis, will focus onRead More →
Commercial airline passengers still fear flying in 2022, global survey finds RIYADH: Despite optimistic tourism forecasts in the Middle East, a YouGov survey ahead of the Future Aviation Forum revealed widespread misunderstanding about air travel health regulations that could affect the aviation industry. The study found that 46% of GulfRead More →
Part of the campaign – Min. Tourism & Antiquities CAIRO – April 28, 2022: Following on from the promotional campaign launched by the Ministry of Tourism and Antiquities in early April to ease the process of obtaining a tourist visa for Egypt, the ministry launched another campaign on April 28Read More →
VENICE: The French pavilion at this year’s Venice Biennale, which features the moving works of Parisian-born Algerian artist Zineb Sedira, received a “special mention” from the jury of the 59th Venice Biennale. One of the most popular pavilions during the first days of previews of the world art event, Sedira’sRead More →
VENICE: The moving works of Algerian artist of Parisian origin Zineb Sedira, chosen to represent the French Pavilion at the 59th Venice Biennale, received a special mention. One of the most popular pavilions during the first days of previews of the world art event, Sedira’s exhibition, “Dreams have no title”Read More →
BY OPEOLUWA DAPO-THOMAS So 2023 beckons. Another election is fast approaching and everyone is fighting to be in the hall of power. The chatter about who will become the number 1 person in the field and where he or she will come from is gaining momentum. Zoning, age, religion, andRead More →
Despite Nigeria’s huge gas field, reliance on smaller African countries to meet its gas needs is still high. With an intervention fund of 250 billion naira from the CBN, industry players have called for an end to the importation of cooking gas. REGINA OTOKPA Reports The current crisis in RussiaRead More →
The Moroccan Minister of Economy and Finance, Ms. Nadia Fettah Alaoui, President of the African Caucus (formed of African finance ministers and central bank governors) urged the World Bank and the International Monetary Fund to rethink the financial architecture current world to deal with financing for development. needs of AfricanRead More →
Kuwait – Burgan Bank, a leading bank in Kuwait, recorded revenue of KD52.6 million ($171.7 million) for the first quarter (Q1) of the year, up by 10% from KD 47.8 million in Q1 2021. Growth was driven by net interest income of KD 31.9 million, up 22% year-on-year (y-o-y) fromRead More →
As Nigeria joins the rest of the world in commemorating World Malaria Day today, the country is expected to step up its efforts to fight this deadly disease that is wreaking havoc on lives and the environment. ‘economy. This is another wake-up call for increasingly ineffective federal, state, and localRead More →
Drive Facebook traffic to blogs for a fee According to Invest Small, directing Facebook traffic to blogs is one of the easiest ways to earn passive income on the social media platform. Skilled Africans who can get amazing traffic from Facebook to blogs can earn with this strategy without investingRead More →
by ACB Petiyagoda A few weeks ago, this newspaper published an interesting article by Sunela Jayewardene on the book “Wild Flowers of Sri Lanka” by Aritha Wikramanayake. Maybe it’s not the first book on the subject or the last, because I remember seeing a book in the mid-1970s by, IRead More →
STanley did not vote in the first round of the April 10 presidential election and he said he would not vote in the April 24 runoff either. The 27-year-old from Bobigny, north of Paris, maintains his decision. Young father who has just finished his studies, he is interested in politics.Read More →
Russia/Ukraine Hang in there for impact Russia’s invasion of Ukraine on February 24 triggered a cascade of political, economic and strategic changes across the world, including in Africa. The conflict is leading officials in Bangui, Bamako and Conakry to question their support for strengthening ties with Russia. At the sameRead More →
“Algeria has shown a particular interest in the development of economic relations with Turkey”, Ok Tosyali said. His eponymous group is working on a flat steel production project in Oran. Intended to export to European, American and Turkish markets, this unit should be operational at the end of 2023 afterRead More →
In 2017, Emmanuel Macron came to power as France’s eighth president and the youngest leader to ever occupy the Elysee Palace, his political rise in months from a rank outsider who had never contested an election. at the head of the state was nothing but dazzling. But as he seeksRead More →
The International Monetary Fund (IMF) has kept its economic growth forecasts for sub-Saharan Africa unchanged. However, the global lender has warned that an inflation rate of over 12% is set to weigh heavily on households in the world’s poorest continent. “Higher food prices will hurt consumer purchasing power, especially amongRead More →
Such a protracted and escalated conflict creates crises outside of Ukraine and Russia. North Africa is a perfect microcosm of how this conflict has created both political and economic dislocation beyond the borders of Europe. The conflict is aggravating a food crisis in the region, as Ukraine and Russia areRead More →
The World Bank Group’s Board of Directors has approved a new two-year Country Engagement Note (CCN) for Yemen aimed at preserving institutions that provide services to the Yemeni people and promoting food security. In a statement, the World Bank Group (WBG) said its overarching goal is to support the YemeniRead More →
Dubai, United Arab Emirates: Responding to growing passenger demand for air travel, Emirates will double its flights between Alger and dubai two to four per week, starting May 1, 2022. The service currently between Alger and dubai will no longer be linked to Tunisiaoffering more flexibility and convenience in gettingRead More →
Gunvor announced it had more than doubled its full-year profits, becoming the latest commodities trader to reveal windfall profits for 2021 when it took advantage of growing energy demand as lockdown restrictions eased. The Geneva-based company controlled by billionaire Torbjorn Tornqvist said on Tuesday its net profit reached $726 millionRead More →
Dubai, United Arab Emirates: In response to growing passenger demand for air travel, Emirates will double its flights between Algiers and Dubai from two to four weekly flights, starting May 1, 2022. Service currently between Algiers and Dubai will only be more connected to Tunis, offering more flexibility and convenienceRead More →
Focus on China – Fall of the Bluechips; Alibaba’s Ant Group Seeks Majority Stake in 2C2P; e-com companies summoned The Chinese yuan weakened on Tuesday as expectations of sharp rate hikes by the US Federal Reserve boosted the dollar, but moderating expectations of aggressive easing by China’s central bank helpedRead More →
RIYADH: Oil prices rose on Tuesday as investors worried about tight global supply after Libya was forced to halt some exports and Shanghai factories prepared to reopen after the COVID-19 lockdown. 19, alleviating some concerns about demand. Brent crude futures rose 61 cents, or 0.5%, to $113.77 a barrel atRead More →
U.S. homebuilder confidence fell for the fourth straight month in April as rising mortgage rates, rising home prices and high construction costs weighed on builder confidence and affordability housing. The National Association of Home Builders’ housing market index fell two points to 77 in April, in line with economists’ forecasts,Read More →
The European Union can diversify away from Russia into natural gas faster than previously thought, Italian Prime Minister Mario Draghi said over the weekend. In an interview with Corriere della Sera, Draghi noted an agreement from Italy to increase natural gas shipments from Algeria and said “diversification is possible andRead More →
Focus on China – Fall of the Bluechips; Alibaba’s Ant Group Seeks Majority Stake in 2C2P; e-com companies summoned The Chinese yuan weakened on Tuesday as expectations of sharp rate hikes by the US Federal Reserve boosted the dollar, but moderating expectations of aggressive easing by China’s central bank helpedRead More →
NEW YORK: Whether the war in Ukraine is driving a nail in the coffin of globalization is hotly debated in the West today, amid the jolt the conflict has brought to the international economic order.Those who debate the future of economic integration and interdependence in the world cite a veryRead More →
Sell your beauty products According to Small Business, marketing and selling your beauty products is a lucrative passive income idea for beauty professionals. You can turn unique skills into a lucrative business with your beauty products. If you can formulate different beauty products, you can generate huge revenue in thisRead More →
Russian tourism, both inbound and outbound, is being hit hard by the war-torn crisis that unfolded in the former Soviet republic of Ukraine in late February. For more than two years, the tourism industry has been affected due to the spread of Covid-19 which has turned the world upside down.Read More →
The Ministry of Gender, Labor and Social Development has been named the most gender-responsive government agency, according to a report by the Equal Opportunities Commission (EOC).The report, which assesses all government ministries, departments and agencies (MDAs) in terms of aligning their budgets to gender and equity issues, saw the MinistryRead More →
African Business: Could you give us an overview of the broader issues in North Africa and the Sahel? Amine Antari: There are three issues. The first is the social and economic impact of the pandemic, as well as the current crisis between Russia and Ukraine. We have seen during theRead More →
The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. European news you deserve to read. welcome to Capitals by EURACTIV. Today’s edition is powered by MedTech Europe.MedTech Forum 2022 – One month to goRead More →
Oil Updates — Crude Prices Rebound Again; banks suspend credit from Rosneft-backed Indian refiner RIYADH: Oil prices climbed on Tuesday as fears of a slowdown in demand in China eased after Shanghai eased some COVID-19 restrictions, and OPEC warned it would be impossible to increase production enough to compensate forRead More →
Bitcoin, Ether go up; India’s Kotak Suspends Crypto Trading; China Warns of Digital Financial Risks — Crypto Moves RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Thursday, rising 2.70% to $41,266 as of 09:00 Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,107, up 1.48%, accordingRead More →
ANKARA: Turkish authorities plan to increase the share of foreign currency earnings that exporters are required to sell to the central bank to 50% from the current 25%, a person with knowledge of the matter said on Monday. A final decision has not been made, the person said, speaking onRead More →
(Bloomberg) — Algeria is set to increase its natural gas exports to Italy by nearly 50% with a new deal due to be signed on Monday, people familiar with the matter said. The increase in exports will likely lead Algeria to replace Russia as Italy’s largest natural gas supplier. TheRead More →
For the first time in more than two years, a large cruise ship has docked in Canadian waters. Residents of Victoria gathered to welcome Holland America’s Koningsdam and its more than 1,200 passengers to the city’s cruise ship dock at Ogden Point on Saturday morning. Visitors and residents told CTVRead More →
S&P downgrade signals Russia heading for historic default BOSTON (AP) — Rating agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay its foreign debt. This indicates that Moscow may soon default on its external borrowings for the first time in more than a century. S&P GlobalRead More →
BOGOTA/LAGOS – Colombian food seller William Abella was counting on the 2022 World Cup as an opportunity to make up for his losses from the long COVID-19 lockdowns. When the national team plays, its small store and snack bar in central Bogota usually turns into a sea of yellow asRead More →
In February 2022, Algerian President Abdelmadjid Tebboune announced a new unemployment benefit for first-time job seekers between the ages of 19 and 40. On March 28, 580,000 young Algerians received their first monthly payment of $90. While many young people rushed to the offices of the National Employment Agency (ANEM)Read More →
TUNIS — History teaches us that in 2010-2011, the rise in commodity prices, particularly wheat, was one of the main causes of the uprisings that spread across the Arab world. Today, the conflict between Russia and Ukraine is testing many global economies dependent on wheat imports, especially in North Africa.Read More →
Gurugram, India, April 06, 2022 (GLOBE NEWSWIRE) — – Entry of international budget fitness chains and attractive deals offered by fitness centers are expected to boost offline member participation in fitness clubs . – The growing trend of individual personal training and small group workouts, along with the opening ofRead More →
Cuba has decided to relax health measures for travelers. The country will ease its covid restrictions from Wednesday. According to the National Director of Hygiene and Epidemiology, Francisco Duran, travelers are not required to present a vaccination certificate upon arrival, or even present a negative COVID 19 report. However, reportsRead More →
Dublin, April 05, 2022 (GLOBE NEWSWIRE) — The “Medical Tourism 2022 and Beyond” report has been added to from ResearchAndMarkets.com offer. The latest updated Global Medical Tourism Report examines how medical tourism will change in 2022 and beyond. Medical tourism in 2022 and beyond will not be a reboot ofRead More →
Shocking footage from the Ukrainian town of Bucha and war crimes charges against Russia are pushing for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the 850 million dollars (775 million euros) that European importers pay every day for these supplies. But it’s notRead More →
(Bloomberg) – The European Union has said it will hold Russian authorities accountable for alleged atrocities in northern Ukrainian towns occupied by Kremlin forces. Bloomberg’s Most Read French President Emmanuel Macron said there were clear signs of war crimes in Bucha, a town on the outskirts of kyiv. Ukraine’s governmentRead More →
RIYADH: Chairman of the board of the Gavi vaccines group, José Manuel Barroso, said Saudi Arabia has played a vital role in the global response to COVID-19 and has made crucial efforts to help bridge the gap. global vaccine equity gap. COVAX, the global COVID-19 vaccine initiative, co-led by Gavi,Read More →
An Algerian man has been released from Guantánamo Bay and sent home after spending nearly 20 years in the detention center, the Pentagon announced on Sunday. Why is this important: The repatriation of 48-year-old Sufyian Barhoumi was approved under the Obama administration, when a review panel determined in 2016 thatRead More →
DUBAI: Millions of people in the Middle East and North Africa were suffering the severe effects of hunger and malnutrition long before the COVID-19 pandemic disrupted supply chains and weighed on government spending . Now, the war in Ukraine threatens to exacerbate the problem and global food prices are expectedRead More →
NEWYou can now listen to Fox News articles! Guantanamo Bay prisoner Sufiyan Barhoumi has been transferred to Algeria, the Pentagon announced on Saturday, leaving 37 detainees at the detention center. Barhoumi, a 48-year-old Algerian, had been held at Guantanamo Bay detention center for 20 years. FILE – In this photoRead More →
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DAYTON — A Miami Valley man prepares to take part in a historic space mission. Larry Connor, a real estate and technology entrepreneur, will be the first-ever private mission astronaut to visit the International Space Station – the Ax-1. At a Friday press conference, Connor spoke about the work heRead More →
DUBLIN, April 1, 2022 /PRNewswire/ — The “Medical Tourism 2022 and Beyond” report has been added to from ResearchAndMarkets.com offer. The latest updated Global Medical Tourism Report examines how medical tourism will change in 2022 and beyond. Medical tourism in 2022 and beyond will not be a reboot of whatRead More →
“In Africa, we have adopted a targeted strategy and continue to strengthen our position where the characteristics of the market correspond well to our strengths and the desired conditions in terms of development and risk management,” said the BNP Paribas head office in France. Officially, the leading French banking groupRead More →