China’s exports grew for the first time in six months in November, suggesting factories in the world’s second-largest economy are attracting buyers through discount pricing to get over a prolonged slump in demand. Mixed manufacturing data for November has kept […]
Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world’s No. 2 economy. Moody’s lowered the ‘outlook’ […]
Nassef Sawiris, Egypt’s richest man is relocating his family office to Abu Dhabi, joining a trend among notable investors establishing their operations in the sun-splashed emirate. Bloomberg reported that the Egyptian billionaire intends to re-domicile NNS Group in the Abu […]
The European Union’s economic powerhouse, Germany, is facing a severe economic setback that could have far-reaching implications for the entire bloc. The source of this crisis stems from a bombshell Constitutional Court ruling last month, which deemed Germany’s use of […]
Korea and Japan have signed a fresh currency swap deal worth US$10 billion, the Ministry of Economy and Finance said last week. The resumption comes after an eight-year hiatus as relations chilled. A currency swap involves depositing one country’s currency […]
Since Imperial Bank, the UAE’s inaugural bank, opened its doors in 1946, the banking sector has undergone considerable changes. Fast forward to today and customers have an enormous range of banks to choose from. However, with the changing times, banking […]
Marvin Ellison, the chairman, president, and CEO of Lowe’s Companies Inc., has recorded another substantial increase in the market value of his stake in the U.S. home improvement giant — thanks to the recent rise in Lowe’s share price. According […]
Billionaire businessman and conservationist Jonathan Oppenheimer, the son of South Africa’s second-richest man Nicky Oppenheimer, has acquired full ownership of GZ Industries (GZI), Nigeria’s largest beverage can manufacturer, from Affirma Capital. The strategic move cements the Oppenheimer family’s influence in […]
Commenting on the deal the Country Director for Verto in Kenya Kevin Nganga noted that the partnership would leverage Verto’s already-established financial ecosystem worth the $3 billion the company recorded last year. He also disclosed that the deal is closing […]
Chinese leader Xi Jinping has visited Shanghai for the first time in three years, as his government steps up efforts to prop up the country’s economy and financial markets. Xi made the trip on Tuesday and Wednesday and he visited […]
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