Bloomberg Tanzania is open to discussions with investors on the $10 billion Bagamoyo Port project, but will prioritise the interests of the East African nation, the Daily News newspaper reported, citing Tanzania Ports Authority Director General Deusdedit Kakoko. Talks on the proposed port have stalled because investors’ conditions were likely to prevent Tanzania from reaping the maximum benefit from the ...

Washington / WAM The global economy is projected to grow by about 3 percent this year, but the pace has continued to weaken since April,according to the International Monetary and Financial Committee (IMFC). ”Growth is projected to pick up next year, but the outlook is highly uncertain and subject to elevated downside risks. These include trade tensions, policy uncertainty, and ...

Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council, has inaugurated the Al Hayer residential project in Al Ain City. The AED687 million project includes 300 residential villas were built with typologies of Emirati housing in mind and designed around an ‘Emirati neighbourhood’ concept that meets the needs of Emirati ...