World Bank Establishes Regional Hub for Middle East, North Africa, Afghanistan, and Pakistan in Riyadh
he World Bank announced on Monday the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the Middle East, North Africa, Afghanistan,…
Category: MENA
Gold Hits Record High as Traders Bet US Rate Cuts, Powell’s Signal
Gold prices steadied on Tuesday after reaching a record high, underpinned by expectations of more US rate cuts and a weaker dollar, as investors awaited…
What’s the big deal about AI data centres?
It’s such a big number that it’s hard to imagine. Worldwide, around $3tn (£2.2tn) will be spent on data centres that support AI between now…
Oil Extends Declines after Iraq, Kurds Agree to Restart Oil Pipeline
Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil…
Morocco Celebrates Expansion Milestones in Casablanca Port Complex
As Morocco pushes ahead with expansion of its maritime infrastructure, last week the country launched several development initiatives in Casablanca port complex. The launch event…
Iraq Eyes Mega Project to Channel 20% of Asia-Europe Trade
Iraq aims to channel a fifth of Asia-to-Europe trade through its southern Grand Faw port and the Development Road project, Prime Minister Mohammed Shia al-Sudani…
Saudi Minister of Industry Kicks off Official Visit to China
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef kicked off on Monday an official visit to China, which will continue until September 26. He…
Moroccan, China foreign ministers agree to create strategic dialogue mechanism
Chinese Foreign Minister Wang Yi and his Moroccan counterpart Nasser Bourita on Friday signed a memorandum of understanding on establishing a strategic dialogue mechanism, according…
AI Set to Transform Global Trade, Says World Trade Organisation
Artificial intelligence could boost the value of trade in goods and services by nearly 40% by 2040, but without adequate policies it could also exacerbate…
Peregrine Hydrogen and OCP Group Forge Major Partnership in Morocco
There’s something special about the wind-whipped plains near Khouribga—far from being just another mining hub, Morocco’s phosphate basin is morphing into a green energy epicenter. It all…