More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has revealed. The Ministry of Industry and Mineral Resources announced that the permits have also helped attract investments worth over SR50 billion ($13.3 billion), driving economic growth and diversification. The ministry added that […]
Hong Kong is a key market for the bank to achieve its goal of accumulating US$200 billion of net new money in the next four years Standard Chartered, one of Hong Kong’s three note-issuing banks, will continue to hire additional private bankers and open more new wealth management centres in the city as part of […]
China plans to start re-capitalizing three of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan ($55 billion) of fresh capital into the first batch […]
Gold isn’t just a shiny metal—it’s a financial anchor, a technological asset, and a cultural symbol. As economies fluctuate and geopolitical tensions rise, gold remains a powerhouse in global trade. In 2023, several nations solidified their positions as dominant players in gold production, each with its own strategy, challenges, and ambitions. With an impressive 12,000 tons of gold produced in 2023, Australia isn’t […]
Investors on the Nigerian Stock Exchange (NGX) traded 1.848 billion shares worth N51.387 billion in 63,090 deals during the week. NGX, in its weekly report, made available in Lagos, said this n contrast to 2.001 billion shares valued at N49.486 billion that exchanged hands last week in 70,853 deals. Consequently, the value of transactions traded […]
The Angolan government is negotiating a loan of up to US$1 billion (€950 million) with Spanish bank Bilbao Vizcaya Argentaria (BBVA), revealed financial news agency Bloomberg, citing people involved in the process. The loan, says the agency, will be used to finance public investments in various areas that will encourage the diversification of the economy […]
As global competition intensifies for the resources powering modern technology, Ukraine’s vast mineral wealth has become a critical bargaining chip in deals concerning its security. United States President Donald Trump has framed mineral agreements as a way for Ukraine to repay military aid it has received, turning access to these resources into a focal point of negotiations. […]
New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs, its chief investment officer told Reuters. Danantara, which was launched this week and is slated to eventually manage more than $900 billion worth of assets including government stakes […]
The European Investment Bank (EIB) has committed to join Africa Finance Corporation (AFC) in financing a $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark initiative will accelerate climate adaptation and sustainable infrastructure across Africa. As part of this commitment, the EIB today confirmed it will invest $52.48 million in the Fund, which is managed […]
The Qatar Investment Authority is leveraging its over-$500 billion in assets to attract venture capital firms to the hydrocarbon-rich state. The sovereign wealth fund’s $1-billion fund of funds program — which invests in both international and regional VC funds — is designed to bolster investments in areas such as technology and health care, as Qatar […]