Railway overhaul aims to boost domestic transport, tourism, and regional manufacturing CASABLANCA, Morocco (MNTV) – Morocco has launched a $2.9 billion (29 billion dirhams) initiative to modernize its rail network by 2030. The plan includes acquiring 168 new trains to replace aging fleets and accommodate increasing passenger demand. Morocco’s...
Government introduces extensive measures for Ramadan, with potential extension CAIRO, Egypt (MNTV) – Egypt has announced a $4 billion (EGP 200 billion) social support package to help citizens cope with rising living costs, coinciding with the holy month of Ramadan. Prime Minister Mostafa Madbouly revealed the initiative, which includes pension...
Tech-driven growth and strategic acquisitions fuel Türkiye’s emergence as a global investment hub ANKARA, Türkiye (MNTV) — Amid global geopolitical tensions and rising concerns over inflation and interest rates, Turkish startups experienced a remarkable surge in investment activity in 2024. Transaction volumes soared 423% to $2.6 billion...
$8 million project to eliminate import dependence and boost domestic manufacturing TASHKENT, Uzbekistan (MNTV) – Uzbekistan is set to establish its first-ever production facility for cross-linked polyethylene (XLPE), marking a major milestone in the country’s industrial development. The initiative, led by the Uzeltekhsanoat Industry Associati...
Maldives Islamic Bank’s net profit increased by 60% in the year 2024 MALE, Maldives (MNTV) – Maldives Islamic Bank (MIB) has reported a record net profit of 282 million Maldivian Rufiyaa ($18 million) in 2024, marking a 60% increase from the previous year. According to the bank’s financial reports, MIB’s total assets grew from 10 [&helli...
President Donald Trump and billionaire Elon Musk have responded to allegations of conflicts of interest. In a joint interview with Fox News, Trump commended Musk for his work on federal agency audits, cost-cutting initiatives, and efforts to reduce waste. Trump appointed Musk to the Department of Government Efficiency with the stated aim of e...
Islamic finance professionals added to categories of city’s talent acquisition strategy HONG KONG (MNTV) – In an effort to reduce its reliance on Western financial markets, Hong Kong is pushing forward with its ambition to become a global hub for Islamic finance. The latest expansion of its Talent List includes Islamic finance professionals,...
New gold-focused banks aim to create 800,000 jobs, strengthen GDP, and offer Sharia-compliant savings for the Muslim-majority nation JAKARTA, Indonesia (MNTV) — Indonesia is set to launch two bullion banks, specialized financial institutions that deal primarily with gold and other precious metals, in a move expected to create 800,000 jobs and ...
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...
