The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a polarized world, buttress a hobbling economy and address concerns about a climate c…
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Ibtissam Jraidi: Morocco’s goal-getter seals big money move to Saudi Arabia
Morocco senior women’s national team striker Ibtissam Jraidi has completed a transfer move to Saudi Women’s Premier League side Al-Ahli, on a two-year deal.The 30-year-old, who has represented the Atlas Lionesses country at U17 and U20 levels, joined t…
Read MoreExport Bahrain participates in seventh MENA Angel Investors Summit
Manama, Export Bahrain has participated in the seventh MENA Angel Investors Summit 2022, hosted by the Bahrain-based Angel Investment Company Tenmou as a key eco system partner. The summit coincides with Export Week, convened by Export Bahrain as part …
Read MoreDelegates Highlight Unacceptable Burden Economic Crises, Conflicts Place on Young People, as Third Committee Discusses Children’s Rights
Briefing the committee, Virginia Gamba, Special Representative of the Secretary General for Children and Armed Conflict, said that 24,000 grave violations committed against children were recorded in 2021 and that the abduction of girls has increased by 40 per cent. She highlighted her Office’s proposal to integrate all existing initiatives related to children and armed conflict into a comprehensive international framework, underlining the importance of reintegrating child soldiers into society. In the ensuing interactive dialogue, many delegates condemned the aggression of the Russian Federation in Ukraine, while the representative of…
Read MoreAfrican Development Bank offers SA a financing deal to raise $41bn
By Eric Martin and Antony Sguazzin, Bloomberg, September 23, 2022 Original story : https://www.bloomberg.com/news/articles/2022-09-23/afdb-offers-south-africa-a-financing-deal-to-raise-41-billion(link is external) The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest nations to raise even more funds. The AfDB has recommended that South Africa Park the funds in a special purpose vehicle, bank President Akinwumi Adesina. The SPV, which can seek a credit rating, can sell zero-coupon bonds to raise as much as $41 billion,…
Read MoreAfrican Development Bank launches new tools for SMEs to tap opportunities for green investment
The African Development Bank has released a series of toolkits to assist small and medium enterprises in tapping green investment opportunities contained in countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement. The toolkits, released under the Bank’s Private Sector Investment Initiative for NDCs, were launched on the sidelines of Africa Climate Week, which took place in Libreville, Gabon, from 29 August to 2 September. The package comprises toolkits on climate risk screening and opportunity assessment tool, business carbon footprint tool, and a guidance note on mainstreaming climate and green…
Read MoreForeign firms eye Tanzania’s Sh23 trillion Bagamoyo Port
DAR ES SALAAM— Several multinational companies have shown interest in developing and operating the proposed $10 billion (about Sh23 trillion) Bagamoyo Port.This comes just two week after Works and Transport minister Makame Mbarawa announced that the Ch…
Read MorePeople facing acute food insecurity reach 345 million worldwide: WFP
BAGHDAD: The number of people facing acute food insecurity worldwide has more than doubled to 345 million since 2019 due to the COVID-19 pandemic, conflict and climate change, the World Food Programme (WFP) said.Before the coronavirus crisis, 135 milli…
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