AIR INDIA, INDIGO SUSPEND ALL FLIGHTS TO MIDDLE EAST. (PHOTO).

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 Air India, IndiGo suspend all flights to Middle East India’s two largest private carriers IndiGo and Air India suspended flights to all destinations in the Middle East on Saturday after Israel and the United States launched strikes on Iran. “In view of the developing situation in parts of the Middle East, all Air India flights to all destinations in the Middle East have been suspended,” Air India said in a statement posted on X. IndiGo said it was also suspending flights temporarily in view of the safety and security of customers and crew. “Our teams are continuously monitoring the evolving situation and recalibrating operations to minimise disruption as much as possible,” the carrier said on X. New Delhi has historically balanced its ties with Israel while engaging widely with other Gulf nations, home to millions of Indian migrants. The region is also a critical source of energy for the world’s fastest growing major economy. The strikes on Iran come just a day after Prime Ministe...
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U.S CHALLENGES CHINESE CONTROL IN RACE FOR AFRICAN MINERALS. (PHOTO).

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 U.S challenges Chinese control in race for African minerals


Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of ministers.


Other resource-producing countries in West Africa such as Niger and Guinea have been managing their assets through similar state-owned mechanisms.


The company Sopamim, whose capital is fully owned by the state, will acquire and manage Mali's holdings, according to the statement released, Reuters reported.


The West African country is one of Africa's largest gold producers, with mining companies including Barrick Gold, B2GOLD, Resolute Mining, Endeavour Mining and Hummingbird Resources active in the gold-rich western and southern regions.


In 2022, Mali created another state-owned company called Sorem with the aim to explore and develop mineral resources.


Mali's military rulers introduced a new mining code in 2023, expanding state and local ownership of mines to at least 35% from 20%.


The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5% in 2024.


Last month, Mali named a former Barrick executive as special adviser to the presidency who will oversee the mining sector.

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