Dubai, United Arab Emirates | AFP | Indian Prime Minister Narendra Modi capped a whirlwind visit to the UAE on Sunday, giving a keynote address as guest of honour at the World Government Summit in Dubai. Modi praised the United Arab Emirates, home to 3.3 million Indian nationals, for having …
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Dubai, United Arab Emirates | AFP | France’s Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai on Sunday, seeking investment from the oil-rich Gulf region. “France is undergoing great transformation,” Philippe said, addressing a thousand-strong audience at Dubai’s World Government Summit. …
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Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …
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Dubai, United Arab Emirates | AFP | IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed “promising” reforms adopted by some …
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N’Djamena, Chad | AFP | Chad’s finance minister says the country will not impose further cuts on civil servants’ pay this year, after strikes and protests erupted over one of the most unpopular measures in an austerity programme. “There won’t be further cuts this year,” the finance and budget minister, Abdoulaye …
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Kinshasa, DR Congo | AFP | The world’s biggest producer of cobalt, a key ingredient in modern batteries, plans a five-fold increase in tax on the commodity as part of an overhaul of its mining laws, industrial sources said Friday. The Democratic Republic of Congo would impose a tax of 10 …
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London, United Kingdom | AFP | The social media frenzy surrounding Alexis Sanchez’s high-profile move to Manchester United dwarfed interest shown when Neymar moved from Barcelona to Paris Saint-Germain, executive vice-chairman Ed Woodward said Thursday. Sanchez joined United from Premier League rivals Arsenal last month in a deal that saw …
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NRM’s 32 year economy: If majority are praising it, why are experts worried about the future? Kampala, Uganda | JULIUS BUSINGE | One highlight of President Yoweri Museveni’s 32-year stay in power has been the massive efforts at resuscitating the economy. When Museveni and his group came into power in 1986, …
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N’Djamena, Chad | AFP | The government of Chad on Wednesday suspended 10 opposition parties for “disturbing public order” and “inciting violence” after they backed trade union calls for a mass protest over austerity measures. The parties’ activities “have been suspended for a duration of two months,” Security Minister Ahmat …
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The latest African Development Bank (AfDB) Economic Outlook for 2018 predicts 4.1% average growth COMMENT | KAUSHIK BASU | The African Development Bank (AfDB) has just published its African Economic Outlook for 2018. This year’s revamped publication – shorter than usual, analytically well-structured, and written in lucid prose, without hyperbole – …
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