South Sudanese decry daily hikes of food prices on May 21, 2017JUBA: South Sudanese continue to decry daily hikes of food prices despite government’s recent tax exemption, amid a dire economic meltdown. A worrying result is that now most urban poor people are spending up to 95 percent of their income on food, having an enormous impact on their food security. Mary Ayak told Xinhua in […]
World Economic Forum starts with calls for supporting youth, education on May 21, 2017AMMAN: The World Economic Forum (WEF) on the Middle East and North Africa started Saturday with calls for increased support for the youth and addressing unemployment and poverty. Officials during the forum at the Dead Sea said providing financial and moral support to the youth in the Middle East and reforming education were key in […]
S Sudan denies UN report on killing of civilians in Yei border town on May 21, 2017 JUBA: South Sudan has denied authorizing the killing of civilians in the Yei border town following the latest United Nations report blaming government troops (SPLA) on 114 civilian killings. President Salva Kiir’s spokesman Ateny Wek Ateny said in Juba on Friday that the UN report is false, arguing that the SPLA could have acted […]
African countries on alert over DR Congo ebola outbreak on May 20, 2017NAIROBI: African countries, including Rwanda, Uganda, Ghana, Kenya and Nigeria, have heightened surveillance measures at borders following an outbreak of the deadly Ebola virus in the Democratic Republic of Congo (DR Congo). Rwanda has kicked off new screening measures at its official border posts with DR Congo in order to detect the virus. Anyone entering […]
Chinese private equity rides innovation wave on May 20, 2017BEIJING: Private equity (PE) investment in China picked up momentum in tandem with the ongoing economic restructuring, in which emerging sectors provide better investment returns and have become new pillars of the world’s second-largest economy. The combined size of committed capital at all 52,403 PE and venture capital (VC) funds registered with the regulator topped […]
Zambia to restock animals in national park on May 20, 2017A wildlife conservation body has partnered with authorities in Zambia for restocking of animals in one of the country’s national parks, an official said on Friday. WWF-Zambia said it has partnered with the Department of National Parks and Wildlife on an ambitious plan to restock wildlife populations in Sioma Ngwezi National Park located in western […]
IMF release of 2nd aid tranche shows confidence in Egypt’s economy on May 13, 2017CAIRO: The International Monetary Fund (IMF) agreement to release the second tranche of a 12-billion US dollar loan to Egypt, is a “vote of confidence” in the country’s economic reform program, Governor of the Central Bank (CBE) of Egypt Tarek Amer said on Saturday. The IMF approved a 12-billion dollar, three-year loan program to Egypt […]
Xi’s Belt and Road vision points way to global prosperity on May 13, 2017BEIJING: A freight train loaded with French wines, automobile parts and agricultural products departs from Lyon, beginning a 16-day journey. In just over two weeks, it will trek across Germany, Poland, Belarus, Russia and Kazakhstan, before arriving at Wuhan, its final destination in central China. The journey is three times faster than by sea, and […]
Chinese firm helps Rwanda build Vision City to tackle housing challenges on May 7, 2017KIGALI: Located on one of the hills at “The Land of a Thousand hills,” the Vision City project is part of the Rwandan government’s efforts to solve housing challenges in the capital city Kigali. The first phase of the project, the biggest housing project in Rwanda, is consisted of 504 units of villas and apartments. […]
More than just China’s pride, C919 win-win for global market on May 7, 2017LOS ANGELES: China’s first indigenously-designed large passenger aircraft, the C919, successfully completed its maiden flight on Friday in the eastern city of Shanghai, providing a win-win cooperation for both China and the global market. “The C919 not only generates a great source of pride for China, but also represents mutual benefits and cooperation between China […]