DUBAI / WAM DMCC welcomed Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. The collaboration will enable the bank to carry out Sharia-compliant Murabaha transactions using DMCC platform to take multi-currency trades from across the globe. DMCC Tradeflow has …

Bloomberg With financial backing from the US government, solar developer Gigawatt Global Cooperatief UA signed a deal with the 15-nation Economic Community of West African States to build $1 billion of renewable energy projects in the region. The US is supporting the project through its Power Africa initiative set up in 2013 under President Barack Obama’s administration, a program that …

Bloomberg Venezuela wrote to fellow OPEC members urging them to unite against US sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter. The two countries requested that the Organization of Petroleum Exporting Countries (OPEC) should discuss the impact of American sanctions at its upcoming meeting on June 22, the people said. Both nations asked …