Africa, Gulf Partnership Key to Inclusive Growth, Shared Prosperity – Foreign Ministry

Africa, Gulf Partnership Key to Inclusive Growth, Shared Prosperity – Foreign Ministry

Addis Ababa — The Ministry of Foreign Affairs has reaffirmed that stronger cooperation between African and Gulf countries is essential for advancing inclusive growth, economic resilience, and shared prosperity. Speaking at a high-level dialogue held in Addis Ababa under the Gulf-Africa Strategic Partnership Initiative (GASP), State Minister of Foreign Affairs Ambassador Hadera Abera said the…

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Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says

Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says

The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran’s regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent’s thinking told CBS News Saturday. The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and…

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Africa, Gulf Partnership Key to Inclusive Growth, Shared Prosperity – Foreign Ministry

Africa: Gulf Shock, African Shield

Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, has approved a $10 billion emergency facility to shield African and Caribbean economies from the fallout of escalating tensions in the Gulf, as policymakers race to contain a fresh wave of global economic disruption. The lender’s board signed off on the Gulf Crisis Response Programme (GCRP),…

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