Africa

Oil prices pause after recent surge amid Middle East tensions, Libyan shutdowns

Brent crude futures declined by 32 cents, or 0.39 percent, to settle at $81.11 per barrel

World’s second largest 2,492-carat diamond unearthed in new mining discovery

Lucara recovered the diamond using its "Mega Diamond Recovery X-Ray Transmission" technology

Egypt outlines strategy to restore, increase oil and gas output to pre-pandemic levels by 2025 with foreign partners

The country is reviving ambitions to become regional LNG hub after clearing petroleum sector arrears

UAE’s AD Ports Group embraces digitalization, big data to optimize smart operations

The Group's experts address industry challenges like software interoperability, cybersecurity, and change resistance

Qatar Airways acquires 25 percent stake in Airlink, expanding African reach

Qatar Airways will expand its reach to 45 destinations across 15 African countries

DP World, British International Investment pump $35 million into Congo’s first deepwater port

The project aims to unlock Congo's trade potential and boost its economy

Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending

The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023

Oil prices retreat as geopolitical concerns ease, demand concerns rise

Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel

Abu Dhabi’s Masdar, Infinity Power to build 200-megawatt wind farm in Egypt

The MoU secures a long-term supply of renewable energy from a large onshore wind project in Ras Ghareb, Egypt

What does Egypt’s new carbon market mean for the future of climate finance?

The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations

Abu Dhabi, Dubai ranked top liveable cities in Middle East and Africa

Among the top-ranking GCC cities were Kuwait City, Doha and Bahrain in the 3rd, 4th and 5th places, respectively