Sultanate emerges as a prime destination for startups and business innovation MUSCAT, Oman (MNTV) – Oman has secured the eighth spot globally in the 2024 Global Entrepreneurship Index, marking a significant achievement in its efforts to foster a dynamic business ecosystem. With a score of 5.7—an increase from 5.4 in 2023—Oman continues to stre...
Droughts and rising temperatures threaten yields, prompting scientists to develop drought-resistant palm oil varieties DENPASAR, Indonesia (MNTV) – Indonesia’s palm oil industry, one of the world’s largest, is facing a mounting crisis due to climate change. Prolonged droughts and rising temperatures are causing severe production declines, with...
Middle Eastern investment in Africa’s energy sector surges as Islamic financing, led by Murabaha structures, unlocks new opportunities for clean and traditional energy projects LUANDA, Angola (MNTV) – The African energy sector is drawing increasing interest from Middle Eastern investors, with Islamic finance playing a pivotal role in fueling c...
ISTANBUL (AA) — Elon Musk discussed cutting government spending by abolishing entire federal agencies and reshaping the Trump administration’s priorities during a video call at the World Governments Summit in Dubai. Musk outlined key goals for the unofficial Department of Government Efficiency (DOGE), which he heads, saying: “We want to ...
ISTANBUL (AA) — The bilateral trade volume between Türkiye and Pakistan reached its highest level in 2024, Turkish President Recep Tayyip Erdogan has announced on his trip to close South Asian ally Pakistan. The trade volume rose by nearly 30% year-on-year in 2024 to reach $1.4 billion. “However, we are still far behind our trade [&helli...
Salalah Free Zone empowers local initiatives by helping them find global business platforms SALALAH, OMAN (MNTV) – The Salalah Free Zone (SFZ) inaugurated the “Made in Salalah Free Zone” exhibition in the Wilayat of Salalah, in celebration of Omani Industry Day, observed annually on February 9. Salalah Free Zone is one of Oman’s m...
ISTANBUL (AA) – President Donald Trump has signed an executive order giving billionaire Elon Musk’s unofficial Department of Government Efficiency the power to direct federal agencies in cost-reduction efforts. According to the Tuesday executive order, federal agencies are instructed to work with Musk’s team on job cuts and hiring ...
Morocco has diversified its revenue, but faces climatic and geopolitical growth challenges RABAT, Morocco (MNTV) – Morocco stands out as one of Africa’s most stable economies, despite facing some economic vulnerabilities, according to the United Nations Economic Development Report for Africa 2024. The report, issued by the United Nations Confe...
JAKARTA, Indonesia (MNTV) – The Indonesian government is ready to make policy adjustments, if needed, to anticipate any potential impact of the U.S. increasing tariffs on imported goods. Investment and Downstreaming Minister Rosan Roeslani said that the adjustments will be made to maintain and increase the competitiveness of the nationa...
The Trump administration has ordered the Consumer Financial Protection Bureau (CFPB) to halt most operations. Acting head Russell Vought directed staff to stop supervision, enforcement, and stakeholder engagement immediately. Vought, who was confirmed as director of the Office of Management and Budget last week, claims the CFPB’s operations ar...
