Cuba’s President Miguel Díaz-Canel will meet today in a virtual conference with member states of the ALBA-TCP. The economy, finance and trade within the context of the post-COVID-19 world will be the focus of discussions. The meeting will be chaired by First S... More »
The Trump administration has ordered Marriott International to close its Four Points by Sheraton hotel operations in Cuba by August 31. The hotel company has been warned the government license will not be renewed. In addition, Marriott will not be permitted to... More »
The United Arab Emirates (UAE) has sent an Etihad Airways flight carrying a donation of eight metric tons of medical supplies to assist in Cuba’s battle against the COVID-19 pandemic. The aid package will assist approximately 8,000 medical professionals of Cub... More »
Cuba and the Food and Agriculture Organization of the United Nations (FAO) have signed a climate resilience project agreement valued at USD 119 million with financing from the Green Climate Fund. The signing of this agreement will benefit 240,0000 persons livi... More »
Banking in Cuba is evolving. A new law, Resolution 73/2020 of the Central Bank of Cuba (BCC) published in the Gazette of the Republic, allows non-resident Cubans to open bank accounts in MLC (freely convertible currency) for retail sales and the importation of... More »
Australia based Melbana Energy has just announced the Company has executed a Farm-in Agreement for Block 9 PSC in Cuba with Sonangol, the National Oil Company of Angola and Africa’s second-largest oil producer. Sonangol has completed its due diligence requirem... More »
Two more drugs, CIGB-258 and Itolizumab (Anti-CD6), manufactured by the Center for Genetic Engineering and Biotechnology (CIGB) have been added to Cuba’s arsenal of drugs in the fight against COVID-19. Dr. Francisco Duran, the National Director of Epidemiology... More »
While tourism has been heavily impacted by the COVID-19 pandemic, Cuba’s airports have been undergoing extensive renovations during the shutdown. Construction to improve service quality, repaving of runways, and the implementation of hygiene and sanitization m... More »
Cuba has asked to suspend debt repayments to the Paris Club until 2022 citing the impact on its economy due to the COVID-19 pandemic, according to diplomatic sources interviewed by AFP. In a letter addressed to the group of 14 creditor countries which includes... More »
PanTerra Gold Limited (ASX: PGI) of Australia has announced that the Cuban Government has approved a Joint Venture (JV) between its mining company, Geo Minera SA (“GMSA”) and PanTerra Gold Investments Limited (“PGIL”) to develop GMSA’s La Demajagua refractory ... More »
China and Cuba have decided to expedite a project for the first joint biotechnology park in the city of Fangchenggang for the purpose of research, development, manufacturing and marketing of Cuban pharmaceutical drugs. The Cuban Ambassador, Carlos Miguel Perei... More »
The Chinese company Great Wall Drilling, an oil drilling company, has donated 3,000 face masks to Cuba in the Island’s battle against the COVID-19 pandemic. Aldo Grandal, head of the Ministry of Public Health’s International Relations Department, and Teresita ... More »
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