Business
– Morocco and the African Development Bank Group have signed a €434.4 million financing agreement to speed up the structural transformation of the Moroccan economy. The funding, worth nearly 4.8 billion dirhams, aims to foster stronger and more inclusive growth
– Asian Terminals, Inc. (ATI), the Philippine port operator partnered with DP World, has secured a 25-year renewal of its concession to operate and develop Manila South Harbour. The renewed agreement with the Philippine Ports Authority (PPA) will run from
– Southeast Asia needs $7.1 trillion in infrastructure investment through 2040 to support growth, strengthen energy security and build connected, resilient economies, the Asian Development Bank said. The estimate comes from a new report, The $7 Trillion Challenge: Building Tomorrow’s
– Samsung Electronics is set to become the first South Korean company to hold more than 200 trillion won ($146.6 billion) in cash assets, lifted by an AI-driven chip supercycle. Its cash and short-term financial assets are estimated at 214.8
– The General Agreement for the GCC Railway Project was signed in Bahrain on Sunday, on the sidelines of the 31st meeting of the GCC Ministerial Committee on Transport and Communications. The signing was attended by Prince Salman bin Hamad
– Global food prices declined in October, though they remained 5.9% higher than a year earlier, the Food and Agriculture Organization of the United Nations (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in the