The OPEC Fund for International Development (OPEC Fund) has sanctioned financing exceeding $150 million for initiatives across Africa, Asia, Latin America, and the Caribbean. These funds will target modern infrastructure development in sectors like health, education, agriculture, water, and sanitation, and also extend financial assistance… Read More
Read more in: Global, General News | Tagged development finance, opec
Surging oil prices are likely to mean higher interest rates “for longer as the price rally adds to inflationary pressures,” warns the CEO of an independent financial advisory, asset management and fintech organization. The warning from deVere Group’s Nigel Green comes as the price of… Read More
Read more in: General News, Global, Opinion, Politics, Legal & Regulation | Tagged agriculture, central banks, commodities, devere group, global economy, inflation, interest rates, luxury goods, middle east, nigel green, oil, oil prices, opec, perspective, reserve bank, russia, saudi arabia
Venezuela’s Minister of Petroleum says he has been invited by the Secretary-General of OPEC to propose that Venezuela’s new state-issued cryptocurrency, El Petro, become the standard unit of account in global oil markets, XinhuaNet reports. Minister Manuel Quevedo, who is also President of the Venezuelan… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged el petro, opec, venezuela
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