Barcelona-based Nebius, a company empowering digital nomads and marketplaces with payments, crypto and card solutions, has secured €250M in institutional funding for its crypto-backed lending program. Nebius offers a secure service with a low interest rate structure to corporate and…
Read more
The purchasing power of Kenyans has seen a significant decline owing to some economic challenges. In the past year, citizens of the East African country have been faced with rising commodity prices, while their incomes stagnated. As a result, Kenyans…
Read more
Egypt is seeking to raise the private sector’s contribution to the state’s total investments to 65%, Prime Minister Mostafa Madbouly stated. Madbouly noted that the country is keen on encouraging the private sector to promote its participation in different development…
Read more
Gold prices opened lower on Tuesday morning after rising sharply on Monday. The Dubai Jewellery Group data showed 24K trading at Dh246.0 per gram at the opening of the markets on Tuesday as compared to last night’s close of Dh246.75…
Read more
Russian banks’ record mortgage lending growth in 2023 shows signs of overheating in the sector, Alexander Danilov, director of the central bank’s banking regulation and analytics department, said on Tuesday. Bank’s mortgage loans portfolio grew by a record 34.5% last…
Read more
The Islamic Development Bank (IsDB), the Lives and Livelihoods Fund (LLF) and the Government of Benin launched a US$ 20 million initiative titled ‘Integrated Agriculture Value Chain Development Project (PDI-CVA)’. The project was launched at a ceremony in the Préfecture…
Read more
Chinese Vice Premier He Lifeng on Monday called for greater support for high-quality listed companies in an effort to help stabilise the capital market, the Xinhua News Agency reported. He made the remarks at a national video conference on promoting…
Read more
The UAE’s largest lender is expecting oil prices to average $80 per barrel in 2024 in a “cautiously optimistic” forecast following record crude demand from India and China in 2023 and strong recovery in global air travel. First Abu Dhabi…
Read more
The Kenyan Shilling, one of Africa’s worst-performing currencies in 2023, recently experienced a gain of 0.73 percent against the US dollar. The currency has not had this sort of gain in over 3 years, as the Shilling went from 161.36…
Read more
Binance founder and former CEO Changpeng Zhao has been denied permission to return to the UAE by a US federal judge as he awaits sentencing for anti-money laundering failures. Zhao, popularly known as CZ, was denied permission to return to…
Read more
