The Islamic country wants to break its dependence on oil. A new Shariah approved bond has netted the country 8.5 billion euros in fresh capital.
OPEC will increase oil production in a move its main proponent, Saudi Arabia, said will lower global prices. Opponents said it was an opportunistic attempt to capitalize on problems in Riyadh rival, Iran.
In the past half year, northern Mozambique has seen a stark rise in Islamist terrorism. Critics say the government is playing down the issue in order not to scare off foreign investors.
Saudi Arabia and Japan's SoftBank have agreed to partner to build a massive, multibillion-dollar solar power project in the sunshine-rich Middle Eastern kingdom, which is looking to wean off its reliance on oil.
Two of the world's largest oil producers see a consensus emerging between OPEC and non-OPEC states for long-term cooperation on stabilizing oil prices, including the extension of output cuts expiring at the end of 2018.
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