Finance

Saudi Arabia’s National Debt Management Center has completed the issuance of a $5.5 billion (SR20.63 billion) international sukuk under the Kingdom’s Global Trust Certificate Issuance Program. The offering, the country’s first international sukuk based on an Ijarah structure, was issued […]

The discovery of rich gold veins in Morocco’s southern region of Guelmim has injected fresh momentum into the country’s mining sector and elevated its profile on the continental stage. Mining company OLAH Palace Trading confirmed the find, reporting significant gold deposits within […]

Australia’s A$4.3 trillion (US$2.8 trillion or RM11.9 trillion) retirement system — long regarded as one of the world’s best-regulated savings pools — is emerging as a new frontier for crypto. Coinbase Global Inc and OKX, two of the largest digital-asset exchanges, are […]

Gold prices scaled the US$3,500 (RM14,807) per ounce level to hit a record high on Tuesday, as mounting expectations for a US Federal Reserve interest rate cut this month lifted demand for the precious metal. Spot gold was steady at […]

The transaction, first announced in May, moved a step closer after MAC Copper shareholders voted overwhelmingly in favor of the deal. Harmony Gold, headquartered in Randfontein, is the country’s largest gold producer by volume and operates a portfolio of underground and open-pit […]

BlackRock BLK and Blackstone BX are leading U.S.-based asset management firms. While BLK focuses on public market investments and exchange-traded funds (ETFs), BX specializes in alternative assets like private equity and real estate. The asset management industry is currently benefiting from investors’ shift […]

Thailand’s Government Pension Fund expects gold, commodities and a rally in global equities to drive a recovery in its returns after a dismal performance in the first half of the year. Thailand’s Government Pension Fund expects gold, commodities and a […]

Oxford Economics Africa reports that the Democratic Republic of the Congo will receive the largest share at $21 billion, targeted for mining, hydrocarbons, agriculture, and 12 other sectors. Botswana’s package stretches across infrastructure, diamond processing, tourism, cybersecurity, and defence. Burundi’s deal […]

Previously rejected MEG Energy bidder Strathcona Resources intends to buy an additional 5% stake in MEG and vote these shares and the existing 9.2% stake against the Cenovus acquisition offer for MEG, as the latest major Canadian deal faces hurdles […]

PetroChina has agreed to buy three natural gas storage facilities from its state-owned parent CNPC for ¥40 billion (US$5.59 billion), adding nearly 11 billion cubic meters of working capacity to its portfolio. It’s a deal that looks less like housekeeping […]