The world’s population is constantly growing and is expected to peak in the mid 2080s at around 10 billion, according to the UN. It is, therefore, no surprise that many continents are seeing new mega-cities emerge. One such mega-city can be found in Africa. The place in question is Lagos in Nigeria, which is on track to become the largest city […]
The Panama Maritime Authority, which oversees shipping and port infrastructure in the country, will request all legal and financial documents from a key transaction between CK Hutchison (0001.HK), and a consortium backed by BlackRock (BLK.N), minister to presidency Juan Carlos Orillac said on Friday. U.S. BlackRock announced this week that a group of investors, including Global Infrastructure Partners and […]
The ECOWAS currency is expected to serve as a unified medium of exchange, facilitating trade and economic integration across West Africa. Mohammed Manga, Director of Information and Public Relations at Nigeria’s Ministry of Finance, disclosed this during the 11th ECOWAS Convergence Council meeting in Abuja. The meeting, attended by Ministers of Finance and Central Bank […]
Global fund managers are in no rush to load up on Indian stocks even after an unprecedented losing streak has lowered equity valuations. The sentiment illustrates how the highly touted stock rotation from China to India has gone into reverse as growth in the South Asian economy returns to a relatively slower pre-Covid norm amid […]
Iran signed a $17 billion contract on Saturday to implement a pressure-boosting project at the South Pars gas field, with President Masoud Pezeshkian and senior oil industry officials in attendance. The agreement was signed between the National Iranian Oil Company (NIOC) and domestic firms Petropars, Khatam al-Anbiya Construction Headquarters, Oil Industries’ Engineering and Construction (OIEC), […]
Mexican President Claudia Sheinbaum, under US pressure not to allow her country to be a backdoor for Chinese goods, said on Thursday that her government would review its tariffs with Beijing. Mexico imports “many products from China” that have hit domestic industries, Sheinbaum told a news conference shortly after US President Donald Trump suspended tariffs […]
The value of Iran’s non-oil export to Russia increased by 17 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, the spokesperson for the Trade Development Committee of the House of Industry, Mining, and Trade […]
A new four-runway airport is being built in an East African country that’s expected to have the capacity to serve a whopping 110million passengers per year. The airport, dubbed a “Mega Airport City” is being built near the town of Bishoftu, Ethiopia, 25 miles from the capital, Addis Ababa. It’s planned to be constructed in two phases, with the second completed in 2029. Ethiopian […]
Next week’s calendar is packed with major economic reports and influential Fed speeches. However, expect continued mixed signals, with data spanning manufacturing, construction, and the jobs report. Spending on construction projects surprised to the upside at the end of 2024, driven primarily by a rebound in residential construction. In December, residential construction spending reached an […]
The world’s richest cities are spread across multiple continents. In Europe, London and Paris often compete for the top spot, while in Asia, cities like Hong Kong and Tokyo dominate. But when it comes to overall wealth, one city stands above the rest – not just on its continent, but on the entire plan. The latest Henley & Partners’ World’s Wealthiest Cities Report […]