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Saudi sovereign wealth fund pivots away from costly megaprojects

Saudi Arabia

Saudi sovereign wealth fund pivots away from costly megaprojects

Saudi Arabia’s Public Investment Fund (PIF), which manages assets worth about $925 billion, is set to unveil a new five-year strategy this week, marking the most significant overhaul yet of Crown Prince Mohammed bin Salman’s economic transformation agenda.

Egypt sees further easing in core inflation

Egypt

Egypt sees further easing in core inflation

Egypt’s core inflation rate slowed to 11.2 percent year-on-year in January, down from 11.8 percent in December, according to a statement released today by the Central Bank of Egypt (CBE).

Ethiopia builds secret camp to train Sudan RSF fighters, sources say

Sudan

Ethiopia builds secret camp to train Sudan RSF fighters, sources say

Ethiopia is hosting a secret camp to train thousands of fighters for the Rapid Support Forces paramilitary group in neighbouring Sudan, Reuters reporting has found, in the latest sign that one of the world’s deadliest conflicts is sucking in regional powers from Africa and the Middle East.

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