Morocco to open $5.6 billion port hosting its first liquefied natural gas terminal.
Morocco is set to bring its second Mediterranean deepwater port, Nador West Med, into operation in the fourth quarter of this year, […]
Authorities raid Deutsche Bank offices in money laundering probe.
Deutsche Bank’s headquarters in Frankfurt and its office in Berlin were searched by German prosecutors and police on Wednesday in an investigation […]
Tanzania to sell gold reserves to finance infrastructure projects.
Tanzania plans to sell part of its gold reserves to help fund infrastructure projects as reduced donor support forces the government to […]
South Africa’s Rand surges against Dollar as gold hits record $5,000 per ounce.
At 07:03 GMT, the rand traded at 16.0475 against the dollar, up roughly 0.4% from its previous close and hovering near its […]
Copper nears US$13,000 as rally gathers pace with other metals.
Copper climbed towards US$13,000 (RM52,164) a tonne, rising along with other metals on dollar weakness and a broad investor rotation away from […]
Rockefeller, World Bank fund solar projects across six African countries to boost agriculture.
The Rockefeller Foundation and the World Bank have backed non-profit organisations with tens of millions of dollars to improve agricultural productivity across […]
Major oil exporter in Kenya says it is unthreatened by Uganda’s $4 billion oil refinery.
The Uganda National Oil Company is designated to hold a 40% equity in the refinery, with the remaining stake to be controlled […]
UAE’s ADNOC Gas signs $3 billion LNG deal with India’s Hindustan Petroleum Corporation Limited.
ADNOC Gas announced on Monday the signing of a sales and purchase agreement valued between $2.5 and $3 billion for a period […]
Taiwan dollar at risk of insurers reducing US$95 bil of hedges.
The Taiwanese dollar is expected to lose a crucial source of support as new accounting rules allow insurers to unwind foreign-exchange hedges […]
China’s US$7 trillion cash pile is shifting into stocks, gold.
CHINESE households are scouring for higher-yielding investments as roughly US$7 trillion in time deposits come due this year, a shift that could […]
GIC to invest US$1.5 billion in AI start-up Anthropic.
SINGAPORE’S GIC, venture capital firm Sequoia and US investor Coatue will take part in a funding round for Anthropic which aims to […]
Venezuela Moves to Resume Dollar Sales, Halting Bolivar Rout.
Venezuela is preparing to resume sales of dollars, bringing relief to its battered currency after a US oil blockade riled the local […]