An $11 billion damages bill against Nigeria for a collapsed gas processing project which was procured by bribery has been thrown out by London’s High Court. The West African country was on the hook for the sum – representing around…
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I&M Group is seeking to recapitalise its Ugandan unit by injecting Ush30 billion ($7.89 million) to shore up its lending business and comply with the Bank of Uganda’s new capital requirements. The lender also looks to expanding its footprint in…
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The Central Bank of the UAE (CBUAE) has amended the Finance Companies Regulation following global shifts in consumer financial trends and the growing popularity of “Buy-Now, Pay-Later” credit products and services. The revised regulation entails that short-term credit can be…
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A Rwandan investor has won a spirited legal battle in Kenya over the ownership of a Ksh400 million ($2.6 million) online company, which he had been defrauded by a Kenyan trader. In the historical judgment, which lawyers say will restore…
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through IBN , Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech” and/or the “Company”), a technology company whose custom-developed Fr8App is an industry-leading freight-matching platform powered by AI and machine-learning as a real-time portal for B2B Provides. USMCA, cross-border shipping and domestic…
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The Central Bank of the UAE (CBUAE) has amended the Finance Companies Regulation following global shifts in consumer financial trends and the growing popularity of “Buy-Now, Pay-Later” credit products and services. The revised regulation entails that short-term credit can be…
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The US has roughly 20 years to change course on the size of its debt, or else a default of some form will be unavoidable, a Penn Wharton Budget Model determined in October. Analysts looked at the $26.3 trillion of…
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Japan and South Korea markets started the last trading week of 2023 on a positive note with the Nikkei 225 all set to emerge as the region’s top performer this year, but China stocks continued to slide. Australia, New Zealand…
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Britain’s economy might be in a recession, according to data that showed it shrank between July and September, shortly after finance minister Jeremy Hunt took the rare step of suggesting the Bank of England might cut interest rates to boost…
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Muscat – Oman and India established a joint investment fund during His Majesty Sultan Haitham bin Tarik’s state visit to India on Saturday. Abdul Salam bin Muhammad al Murshidi, Chairman of Oman Investment Authority (OIA), stated that the third such…
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