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Four countries cut ties with Qatar over terrorism ‘support’

Emir Sheikh Tamim bin Hamad Al-ThaniAP Four Arab nations cut diplomatic ties to Qatar on Monday over its relations with Iran and support of Islamist groups, isolating the tiny, energy-rich country by cutting off its land, sea and air routes to the outside world. Bahrain, Egypt, Saudi Arabia and the ...

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World Bank’s IFC, OPEC Fund drag Ghanaian firm to London court

News of Fri, 5 May 20172   International Finance Corporation (IFC), the private lending arm of the World Bank Group, has dragged indigenous Ghanaian company Quantum Oil Terminals Limited to a London High Court to restrain the Ghanaian company from litigating against IFC and OPEC Fund for International Development (OFID) ...

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World Bank confirms $2.2bn support to Ghana

Ghana will benefit from 2.2 billion dollars from the World Bank for next three 3 years according to the Country Director for World Bank, Henry Kerali. Mr. Kerali, who made this revelation at the World Bank headquarters in Washington DC to a team of government delegation led by Vice President ...

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World Bank and AIIB Sign Cooperation Framework

WASHINGTON- World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed a memorandum of understanding to strengthen cooperation and knowledge sharing between the institutions. The memorandum of understanding provides an overall framework for cooperation between the World Bank Group and AIIB in common ...

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Total pledges by IMF members under 2016 bilateral borrowing agreements reach $400bn

    SINCE the Annual Meetings in October 2016, further progress has been made in securing commitments to provide bilateral borrowed resources under the IMF’s 2016 borrowing framework. The IMF has received additional commitments of about SDR 40 billion from nine members, bringing total commitments to about SDR 300 billion ...

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Adeosun takes forward affordable homes agenda

L-R: World Bank President, Jim Yong Kim with the Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, at the ongoing Spring Meetings of the IMF/World Bank in Washington DC   Washington: The Honourable Minister of Finance met with representatives from International Finance Institutions at the World Bank Spring Meetings to take forwards ...

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Alabama governor resigns over affair with aide, taken to Montgomery County Jail, to perform 100-hour community service

    Alabama Governor Robert Bentley resigned on Monday after pleading guilty to two campaign misdemeanours, amid allegations that he misused public resources to pursue an affair with a former aide. He was also accused of intimidating officials in an attempt to cover it up. Public allegations of an affair ...

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Statement by IMF Managing Director Christine Lagarde on Egypt

   Christine Lagarde    Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement: “President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion ...

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Dangote Group to launch fundraising for The Africa Center in New York City: ASK your questions LIVE to Aliko Dangote and Halima Aliko Dangote

  Aliko Dangote and Halima Aliko Dangote will host an online press conference on Thursday, March 23 at 14:00 GMT  Halima Aliko Dangote was recently appointed the president of The Africa Center in New York City (www.TheAfricaCenter.org) with the major responsibility of raising capital for the center. The goal is ...

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Again, Bill Gates is world’s richest man

Microsoft founder, Bill Gates again tops Forbes’ list of the world’s richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine’s annual rich list, Mr Gates’ fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14.8bn to $75.6bn. It ...

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