President of the OPEC Fund for International Development, Dr. Abdulhamid Alkhalifa, has paid a working visit to Côte d’Ivoire to strengthen strategic cooperation with the African Development Bank Group (AfDB) and the Arab Coordination Group (ACG), aimed at advancing sustainable development efforts across Africa. The visit featured two major milestones. The first was the AfDB–OPEC …
Gold and silver prices both set new records on Monday as investors piled into safe-haven metals amid renewed concerns over the US Federal Reserve and its independence. Spot gold rose as much as 2.6% to a new all-time peak of 4,625.34 per ounce, marking the first time that the yellow metal has surpassed $4,600 mark. …
Egypt has signed renewable energy deals worth a combined $1.8 billion, state TV reported on Sunday. Among the deals were contracts with Norwegian renewable energy developer Scatec. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Egypt hopes to have renewable energy reach 42% of its electricity …
GHEITI and MIIF officials in Accra
Gold has surpassed US Treasuries as the world’s largest reserve asset globally for the first time in 30 years amid rising prices and aggressive buying by central banks. According to new data from the World Gold Council, the value of gold held by foreign central banks is now approaching the $4 trillion mark, more than …
