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Middle East: What you need to know for July 10

By Bloomberg
11 July 2017   |   8:01 am
Bloomberg's Tracy Alloway gives you the top First Word headlines on "Bloomberg Markets: Middle East." Watch continued coverage on Bloomberg Television for more on issues surrounding oil, investment, and markets.

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4 Sep
Italian oil company Eni announced a huge offshore find of oil and gas resources in Ivory Coast. The discovery comes after a $185 million (€156 million) investment in energy exploration by two foreign firms.
19 Sep
Norway's two-day election began Sunday, with many voters concerned about how the oil-rich nation can give up its addiction to fossil fuels. For some, being the world's fastest adopter of electric vehicles isn't enough.
18 Sep
Norway's two-day election began Sunday, with many voters concerned about how the oil-rich nation can give up its addiction to fossil fuels. For some, being the world's fastest adopter of electric vehicles isn't enough.
4 Oct
In Nigeria, the government has launched a drive to revive the country's once thriving palm oil business, part of a bid to diversify away from petroleum and help create jobs. But small-scale producers say that loans from the Central Bank of Nigeria are only going into the pockets of bigger factory owners.
6 Oct
An oil spill in Southern California closed beaches and led authorities to cancel the last day of the Pacific Air Show. At least 126,000 gallons (98,420 liters) of oil spilled off the coast of Orange County.
7 Oct
The massive oil spill from 480,000 liters leaking off the Orange County coast is slowly moving south, threatening marine-protected areas as well as popular beaches. On the coastline of South California, most beaches are closed, with efforts to clean areas impacted by the oil ongoing.
7 Oct
Google CEO Sundar Pichai announces that the tech giant will invest $1 billion over the next five years to allow for faster and more affordable internet access and support entrepreneurship in Africa. Internet reliability is a problem in Africa where less than a third of the continent's 1.3 billion people are connected to broadband, according to the World Bank. But the continent, where nearly half the population is under 18, is a promising market.
16 Oct
Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.
14 Oct
India invested heavily in Afghanistan's development projects after the 2001 US invasion of the country. It is unclear what impact the Taliban's return to power will have on these projects.
21 Oct
Experts question whether Google's planned $1 billion investment in Africa stands to benefit the continent in the long term. Instead, some see it as another avenue for big tech companies to acquire budding start-ups.
24 Oct
Saudi Arabia is creating the "world's first tourism destination on offshore platforms" as part of a drive to diversify the economy away from oil. The Rig will be an oil-themed “extreme park” that will be sitting atop a converted oil rig in the Arabian Gulf.⁣
28 Oct
Africa's abundant sunshine is ideal for renewable energy production. But the continent relies heavily on crude oil. Experts warn that the economy will continue to suffer if governments don't wean themselves off of oil.