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Business

ASEA, ECA sign MoU to strengthen Africa’s financial market

THE African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have announced the signing of a landmark memorandum of understanding (MoU) which aims at fostering closer collaboration and driving financial market development and integration on […]

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July 26, 2023
Bank Muscat holds financial and retail wealth planning event for customers

MUSCAT: Bank Muscat, the leading financial services provider in the Sultanate of Oman, organized special meetings for customers in the wilayat of Musanah and Suhar in Al Batinah Governorate titled “Financial and Retail Wealth Planning”. These events come in translation […]

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July 12, 2023
U.S. Treasury warned Hong Kong banks on tech exports to Russia

US Treasury officials visited Hong Kong in June to urge the city’s central bank, financial institutions and other groups to curb the flow of advanced American-made technology into Russia, the Nikkei reported. Three officials from the Treasury Department’s terrorist financing […]

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July 7, 2023
Africa50 invests over US$6.6 billion in infrastructure in six years

In just six years of operation, Africa50(link is external) has invested more than $6.6 billion in critical infrastructure, African Development Bank Group President Dr. Akinwumi Adesina said Monday during the Africa50 Infra Forum and General Shareholders Meeting in Lomé.  It was attended […]

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July 4, 2023
IMF and Pakistan reach $3 billion deal

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off foreign investment. Inflation has rocketed, the rupee has reached a record low against the dollar, […]

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July 3, 2023
Wall Street can’t agree on where stocks are headed in the 2nd half of the year

After a strong start to the year for the stock market, Wall Street is divided over whether the gains can continue or if the rally is set to fizzle out in the second half of 2023. The S&P 500 has surged 14% so far […]

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June 29, 2023
Afreximbank launches Africa Trade Gateway, a single window for digital services

ACCRA, 21, JUNE 2023: The African Export-Import Bank (Afreximbank) yesterday in Accra launched the Africa Trade Gateway (ATG), a suite of five digital platforms that have been designed as a single window to enable the Bank better deliver on its mandate […]

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June 28, 2023
Foreign companies are shifting investment out of China as confidence wanes, business group says

BEIJING — Foreign companies are shifting investments and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges, a business group said Wednesday. The report by the European Union Chamber of […]

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June 22, 2023
Qatar Wealth Fund Taps Credit Suisse Banker for Investment Role

Qatar Investment Authority is set to hire Hussam Qasim from Credit Suisse Group AG for its domestic investment team as the $450 billion sovereign wealth fund prepares for an increase in inflows. Qasim will join in the coming months, according to people […]

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June 21, 2023
Afreximbank launches Insurance subsidiary to support intra-African trade

Accra, 18 June 2023: – The African Export-Import Bank (Afreximbank) today in Accra launched its wholly owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related […]

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June 20, 2023
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