Senegalese President Macky Sall has asked the Saudi Arabia-based Islamic Development Bank (IDB) to help the West African country tap the Islamic finance market for a second time as it seeks to organise financing for infrastructure projects.
The West African state of Senegal became the fifth country to be hit by the world's worst Ebola outbreak on Friday, while riots broke out in neighbouring Guinea's remote southeast where infection rates are rising fast.
Senegal and members of the West African Economic and Monetary Union (also known as the UEMOA region) have completed a review of the region’s financial regulations, aiming to launch Islamic financial services later this year.
The review, co
Senegal is in talks with Saudi Arabia to lease farmland to grow food on an area nearly four times the size of Manhattan, an official in Senegal involved in the deal said.
Like other Gulf states, Saudi Arabia has been buying farmland in Asi
A Senegalese business watchdog has suspended a contract between national telecommunications provider Sonatel and US group Global Voice amid suspicions of irregularities, a report has said.
The weekly La Gazette said on its website that the
Emirates, the international airline of the UAE, launched a new direct service to Dakar, the capital city of Senegal today (September 1), making it the airline’s 105th destination.
The new route, which is the only non-stop, scheduled passen
Bahrain will host a key Islamic banking forum with Senegal on Monday that aims to assist the Senegalese government in its efforts to promote the financial services sector and attract more private investments.
SYM International Finance Corp
Saudi Binladin Group has bid 18 billion CFA francs ($37 million) to acquire a 34 per cent stake in Senegal's state oil refiner, Societe Africaine de Raffinage (SAR), Senegal's energy ministry said late on Monday.
The deal will be c
Emirates, the international airline of the UAE, will launch five non-stop flights a week starting September 1 to Dakar, the capital city of Senegal, making it the airline’s 106th international destination.
Emirates will fly an Airbus A340-
Dubai World Group's Jafza subsidiary signed an $800 million deal on Monday to build and run a special economic zone in Senegal.
This is the latest in a series of Arab investments in the West African country.
Dubai World chairman Su