Middle East: What you need to know for July 10
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.
Latest
6 hours ago
At the start of the pandemic, London-based Palestinian actor, filmmaker and music producer Mo'min Swaitat discovered 10,000 tapes in the West Bank while in lockdown there – music that documented a moment in Palestinian history that hadn't been heard for 30 years. He spent eight months listening to the tapes, making it his mission to digitise and re-release this window into the past. One of the tapes he found was "The Intifada 1987”, an album by Riad Awwad. Mo'min tells Eve Jackson why the discovery is so important to Palestinians.
6 hours ago
The conflict in Gaza is something we're used to seeing on the news, but now, events in the Palestinian territory are popping up on the small screen as fiction. Following the success of hit Israeli shows like "Fauda", Hamas is throwing itself into television production, with a series to tell its side of the story. We take a closer look.
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While WhatsApp has over 2 billion users, Telegram has over 500 million monthly active users. Apart from these 2, Wire, Discord, Viber, and Skype are some other options in the list of WhatsApp alternatives. Telegram focuses on security, is free and importantly, it can be used on all devices at the same time.
7 hours ago
Palm worm, also known as white worm and fos in Cameroon, is one of the most consumed delicacies of Cameroonian cuisine, as it is considered a "vitamin store". It was consumed in the past to meet the nutritional needs in rural areas but it has started to be consumed in cities and on rich tables with its natural cheese flavor.
7 hours ago
The omicron variant of COVID-19, which was first detected in South Africa, has so far resulted in fewer deaths and hospitalizations than previous waves. Though some experts warn not to take the variant lightly, life has almost returned to normal in cities such as Cape Town, where restaurants and bars are open for the first time since the pandemic began.
7 hours ago
A massive volcanic eruption in Tonga that triggered tsunami waves around the Pacific caused significant damage to the island nation's capital and smothered it in dust. Yet some internet users shared false images of the natural catastrophe. Why? We take a look at why fake footage frequently circulates on social media in the aftermath of extreme weather events and other catastrophes.