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Spain allocates $232.03 million to support investments in Mauritania
Spain allocates $232.03 million to support investments in Mauritania

Gulf Today

time15 hours ago

  • Business
  • Gulf Today

Spain allocates $232.03 million to support investments in Mauritania

The Spanish government announced a €200 million ($232.03 million) financial package to bolster its investments in Mauritania, along with the launch of the digital platform 'Kantara' aimed at fostering direct connections between economic players in both countries. The announcement came following the conclusion of the first high-level session between Mauritania and Spain, which included the Mauritanian-Spanish Business Council, and was attended by Mohamed Ould Cheikh El Ghazouani, President of Mauritania, and Pedro Sánchez, Prime Minister of Spain. According to the Mauritanian Information Agency, the closing session featured pledges and investment commitments. In his remarks, Sanchez said the €200 million package will be channelled into loans for green projects, feasibility studies, risk mitigation instruments, and project implementation tools, particularly in the field of energy transition. He also announced that Spain will appoint its first economic and trade representative in Mauritania as of 1st September. President El Ghazouani emphasised that Mauritania offers a wide range of promising investment opportunities in key sectors such as fisheries, agriculture, livestock development, extractive industries, infrastructure - including roads, bridges, airports, and public buildings - as well as in services, gas, and mining. Earlier the Opec Fund for International Development (Opec Fund) and the Islamic Republic of Mauritania have signed a landmark Country Partnership Framework Agreement to cooperate on key development initiatives during the period 2025-2027, earmarking $120 million in new development financing focusing on the country's development priorities. The funding will finance critical projects that contribute to projects promoting renewable energy, clean water, food security, improved transport and clean cooking. In addition the Opec Fund is pledging to provide up to $500,000 in grants for capacity-building, project preparation and technical assistance. Opec Fund President Abdulhamid Alkhalifa said during a visit to the capital Nouakchott: 'We are proud to help improve the lives of people and communities for a more resilient future. Our commitment to Mauritania is focused on bolstering key sectors of the economy.' 'Technical assistance and strong project preparation are vital to mobilise additional development funding, enable public-private partnerships (PPPs) and attract private sector investment.' The Ministry of Economy and Tourism has signed two Memoranda of Understanding with the Spanish Patent and Trademark Office and the Moroccan Industrial and Commercial Property Office, aimed at strengthening cooperation in the development of intellectual property (IP) in the UAE in line with international best practices. The MoUs were signed in the presence of Abdullah bin Touq Al Marri, Minister of Economy and Tourism, during the UAE delegation's participation in the Sixty-Sixth Series of Meetings of the Assemblies of the Member States of the World Intellectual Property Organisation (WIPO) in Geneva. The agreements cover several strategic areas, including digital transformation, talent development, and enhanced coordination in industrial property and patent registration. They also seek to harness advanced technologies, such as artificial intelligence, to support patent search and classification processes. Minister Bin Touq highlighted the UAE's continued commitment to building a comprehensive IP ecosystem and fostering global partnerships. He noted that collaboration with Spain and Morocco represents a significant milestone in exchanging technical knowledge, streamlining registration procedures, and adopting modern compliance standards. Earlier the UAE Ministry of Investment and UN Trade and Development (UNCTAD) have signed a Memorandum of Understanding (MoU) to strengthen cooperation in investment policymaking, research, and sustainable economic development. This partnership underscores the UAE's commitment to harbouring an investment-friendly environment and reinforcing its role as a global business hub; and aligns with UNCTAD's commitments to ssupport countries to effectively access the benefits of a globalised economy. Through this collaboration with UNCTAD, the UAE is advancing the vision outlined in the National Investment Strategy 2031, strengthening its position as a premier global investment hub by capitalising on its world-class infrastructure, ease of doing business, progressive regulatory frameworks and strategic geographical location. The MoU was signed by Mohammad Abdulrahman Alhawi, Under-Secretary at the UAE Ministry of Investment, and Nan Li Collins, Senior Director of Investment and Enterprise at UNCTAD. The UAE Ministry of Investment and UNCTAD will establish a framework for cooperation to enhance investment policymaking, facilitate capacity-building initiatives, and promote sustainable economic growth. WAM

Thammudu OTT release date: When and where to watch Nithiin's Telugu action movie online?
Thammudu OTT release date: When and where to watch Nithiin's Telugu action movie online?

Mint

timea day ago

  • Entertainment
  • Mint

Thammudu OTT release date: When and where to watch Nithiin's Telugu action movie online?

Thammudu OTT release date: After a dull theatrical run, actor Nithiin's latest Telugu action movie, Thammudu, is ready to make its OTT debut. The movie, which hit cinemas on July 4, opened with higher expectations; however, it soon fizzled out to be a commercial disaster. Despite producers receiving some financial relief from the sale of Thammudu's non-theatrical rights, they are still expected to lose about ₹ 30 crore. Dil Raju's movie received an average review by both viewers and critics; however, Nithiin fans are still eagerly awaiting Thammudu's OTT release, so that they can watch the movie from the comfort of their homes. According to a 123telugu report, Thammudu will likely premiere on OTT giant Netflix on 1 August 2025. However, neither the streaming platform nor the makers have officially confirmed Thammudu's OTT release yet. Produced by Dil Raju under Sri Venkateswara Creations, Thammudu marks veteran actress Laya's comeback to Telugu movies. In the movie, she plays Nithiin's sister. In addition to them, the movie features Kantara actor Sapthami Gowda, Varsha Bollamma, Saurabh Sachdeva, Swasika, Hari Teja, Srikanth Iyyengar, Temper Vamshi, and Chammak Chandra. The movie is written by Karthik Reddy Pasunur and Venu Sriram, with Venu also serving as the director. The film's music is composed by B. Ajaneesh Loknath. Thammudu follows the story of a brother and sister bound by a deep connection. Their lives change dramatically when the sister encounters a series of hardships, prompting her brother to go to any lengths to protect her. The movie highlights the emotional bond between siblings and shows how they overcome misunderstandings and challenges to preserve their relationship. In yet another box office dud for Nithiin, Thammudu could only earn ₹ 6.85 crore in 12 days of its theatrical release. According to industry tracker Sacnilk, the movie opened at a disappointing ₹ 1.9 crore, witnessing only a decline in earnings thereafter. After an opening weekend of earning in crores, Thammudu earned ₹ 60,00,000 on Day 4, which soon fell to ₹ 2,00,000 by Day 8. The movie has minted a total of ₹ 8.19 crore worldwide.

Prabhas reveals why he signed three films with the makers of KGF: ‘Because they never compromise on quality'
Prabhas reveals why he signed three films with the makers of KGF: ‘Because they never compromise on quality'

Time of India

timea day ago

  • Entertainment
  • Time of India

Prabhas reveals why he signed three films with the makers of KGF: ‘Because they never compromise on quality'

Prabhas recently opened up about his ongoing collaboration with one of the leading production houses in the Kannada film industry, owned by well-known producer Vijay Kiragandur. The makers, known for KGF, Kantara, and Salaar, have three films lined up with Prabhas. The Baahubali actor has now shared why he signed a three-film deal with them. Prabhas talks about producer Vijay Kiragandur's work ethic In a conversation with The Hollywood Reporter India, Prabhas revealed that he signed the contract because of Vijay's character and work ethic. 'The way he takes care of people makes me want to work with him. He is easy-going, grounded, and we've somewhat become a family. Right from our first film, Salaar, it has felt like home with him,' the actor shared. Deepika DEMANDS 8 Hour Workday | Suneel Darshan Says She Can Be REPLACED Prabhas added that they share similar lifestyles and values. 'Similar to me, he keeps his childhood friends close and doesn't go out much either. This connection we share made things even more natural,' he added. Recalls Bond Built During Salaar The actor also recounted an incident from the sets of Yash's KGF. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Izmir: Yeni İşitme Cihazları Emeklileri Hayrete Düşürdü Best Hearing Aids Undo When a fire broke out on set, concerns about the soaring budget created a tense atmosphere. However, Vijay's composed demeanour left a lasting impression on Prabhas. 'I've heard similar stories from Kantara and other projects. He always tells the technicians, 'Quality is most important for my films.' That's why I want to work with him—because he never compromises on quality,' Prabhas added. Releases of The Raja Saab Prabhas is now gearing up for the release of The Raja Saab, a horror-comedy-romance helmed by Maruthi. The film features a star-studded ensemble including Nidhhi Agerwal, Malavika Mohanan , Riddhi Kumar, and Sanjay Dutt in significant roles. He is also busy shooting for an upcoming period drama, tentatively titled PrabhasHanu (Fauji), in collaboration with Hanu Raghavapudi . Additionally, he will headline Spirit, directed by Sandeep Reddy Vanga . Prabhas will also reunite with 'Prashanth Neel' for 'Salaar Part 2.'

Thammudu OTT release date update: Here's when Nithiin's Telugu actioner will likely release online
Thammudu OTT release date update: Here's when Nithiin's Telugu actioner will likely release online

Time of India

time2 days ago

  • Entertainment
  • Time of India

Thammudu OTT release date update: Here's when Nithiin's Telugu actioner will likely release online

Thammudu OTT release date update: Thammudu OTT release date update: Nithiin's recent Telugu action film, Thammudu, hit theatres on July 4, 2025, but didn't perform as well as expected at the box office. However, those who missed it in cinemas will soon get to watch it online. With growing anticipation for its OTT premiere, here's what we know so far about Thammudu's streaming release. Thammudu OTT release date update As per OTTPlay, the movie is expected to start streaming on Netflix from August 1, 2025. Thammudu cast and crew Veteran actress Laya makes her comeback to Telugu films by portraying Nithiin's sister in Thammudu. The film also stars Sapthami Gowda, known for her role in Kantara. With cinematography handled by KV Guhan, editing by Prawin Pudi, and music by B Ajaneesh Loknath, the movie is described as an emotional action drama. Thammudu plot Thammudu centers around the deep bond between a brother and his sister. When his sister encounters several hardships, the brother goes to great lengths to shield her and stand by her side. Thammudu box office Nithiin has sadly faced yet another setback at the Telugu box office with Thammudu, which has earned just Rs 6.44 crore across nine days in India. Its daily collections include Rs 1.9 crore on day 1, Rs 1.2 crore on day 2, and Rs 1.15 crore on day 3, followed by Rs 60 lakh, Rs 50 lakh, Rs 40 lakh, Rs 32 lakh, and only Rs 2 lakh on day 8.

Su From So trailer: Raj B Shetty's supernatural comedy promises a laugh riot
Su From So trailer: Raj B Shetty's supernatural comedy promises a laugh riot

India Today

time3 days ago

  • Entertainment
  • India Today

Su From So trailer: Raj B Shetty's supernatural comedy promises a laugh riot

The trailer of JP Thuminad's Kannada film 'Su From So' was released on July 15. 'Garuda Gamana Vrishabha Vahana' fame Raj B Shetty is presenting the film under his banner Lighter Buddha Films. The film is a supernatural comedy drama set in a village backdrop, showcasing the vibrant life of the villagers—until one day, the devil trailer presents a third person's point of view into the lives of the villagers, with the voiceover of one of the protagonists, played by the director JP Thuminad, inviting viewers into his village. Set in the coastal Mangaluru–Udupi region of Karnataka, the trailer carries the essence of 'Kantara' and 'Garuda Gamana Vrishabha Vahana', particularly through its dialect and depiction of local While presenting the picturesque visuals of the location, delicious regional delicacies and the everyday life of the people, the trailer steadily introduces the audience to the lead characters—Ravi, Satish, Chandra and Ashoka, who is narrating the story. The peaceful lives of the villagers take a chilling but comedic turn when Sulochana from Someshwar (Su from Sa) starts haunting them. What follows is a hilarious chain of events that flips the entire village upside down.'Su From So' stars Shaneel Gautham, JP Thuminad, Sandhya Arakere, Prakash K Thuminadu, Deepak Rai Panaje and Mime Ramdas, all of whom are familiar to audiences for their appearances in films helmed by Raj B Shetty, Rishab Shetty or Rakshit Shetty. The music for the film has been composed by Sumedh K, and one of its songs, 'Danks Anthem', has gone viral on social media. The film has been produced by Shashidhar Shetty Baroda, Ravi Rai Kalasa and Raj B Shetty.'Su From So' is scheduled to release in theatres on July 25, 2025.- EndsMust Watch:

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