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Finance

India could be USD 5 trillion economy by 2025: Hardeep Puri

The Indian economy is poised to touch USD 5 trillion next financial year – 2024-25 – and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri. At present, the Indian […]

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January 24, 2024
Kenya doubles down on exporting labor

The Kenyan government has extended its full support to Kenyans looking to find work overseas. The administration has pledged to secure important bilateral agreements to safeguard its nationals in foreign countries. This is all part of the government’s initiative to […]

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January 19, 2024
African countries ineligible for U.S. AGOA trade in 2024

Trade relations between Africa and the United States have been evolving, bringing about new opportunities and challenges for both regions. Since its enactment in 2000, the African Growth and Opportunity Act (AGOA) has been at the core of U.S. economic […]

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January 19, 2024
Saudi Mobily signs Murabaha deal for $1.3bln with Saudi National Bank

Saudi Arabia’s telecommunications operator Etihad Etisalat (Mobily) has signed a Murabaha financing deal with the Saudi National Bank (SNB) for 4.8 billion riyals ($1.3 billion) . Mobily, an affiliate of the UAE’s Etisalat, will use SAR 3.685 billion to partly […]

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January 18, 2024
Mega rich renew call on global leaders at Davos to ‘tax our extreme wealth’

More than 250 billionaires and millionaires on Wednesday reiterated their call on elected representatives of the world’s leading economies to introduce higher taxes on the very richest in society. In an open letter to political leaders gathered at the annual […]

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January 17, 2024
President Jokowi visits VinFast manufacturing complex

O n Jan. 13, President Joko “Jokowi” Widodo, as part of his state visit to Vietnam, visited the VinFast electric automobile and motorcycle manufacturing complex in Hai Phong and received a firsthand look at the Vietnamese brand’s premium electric vehicles. […]

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January 17, 2024
Asian stock market news was somewhat dominated by the economic data points released by the Chinese economy. Asian markets saw a decline as China’s annual exports saw a drop for first time in 7 years. However, Japanese stocks limited the decline as the indexes saw record rally. How the annual exports data impacted the Chinese indexes? Well, the impact was well-incorporated in the movement of indexes!

Asian stock market news Hong Kong’s Hang Seng index saw a fall of ~0.61%, with mainland China’s CSI 300 dipping ~0.35% to sit at ~3,284.17 levels. This fall came as China’s consumer price index saw a decline of ~0.3%, less […]

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January 16, 2024
Turkish firms undertake over $85 billion projects in Africa

Companies from Türkiye have undertaken tens of billions of dollars worth of infrastructure and superstructure projects in Africa, cementing their rapid expansion in the continent in a drive that has been creating hundreds of thousands of jobs. The contracting firms […]

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January 16, 2024
SAP’s $222 million fine: Unraveling the bribery web in South Africa, Tanzania, and others

The United States recently slapped a $222 million fine on the German software company SAP on the grounds of bribery. The company was alleged to have attempted to bribe government officials from several African countries. The bribes were said to […]

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January 15, 2024
German billionaire Michael Gastauer committing $1.5 billion to set up Nature Fund

In the world of finance, where success is often measured in profits and market share, German billionaire Michael Gastauer emerges as a remarkable figure distinguished by philanthropy, animal welfare and environmental responsibility. Starting as an entrepreneur and rising to become […]

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January 12, 2024
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