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
– Ghana’s parliamentary Minority has challenged the government to show how it will raise the US$10 billion needed for its New Economy programme. The caucus wants a full financing plan published before the 2027 Budget is presented. Dr Mohammed Amin
– 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
– 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
Travel
– Türkiye has set its sights on becoming the sixth-highest-earning tourism country in the world, according to its 2027 central government budget draft. Anadolu Agency reported that the draft allocates $244.5 million to tourism, compared with $188.4 million this year.
Middle East and Africa Private Market Place (MEAPMP) today announced the commercial launch of its revamped independent supply-side platform (SSP) and curated media marketplace, connecting enterprise media buyers and agencies directly with premium regional inventory across 73 countries. Operating from