Money UAE inks $5b deal for Budapest project Nada Ali Mar 14, 2024 0 Hungary and the United Arab Emirates (UAE) signed a €5 billion deal to revitalise a run-down Budapest neighbourhood…
Featured Britain, Texas forge new trade path with landmark deal Aya El Sayed Mar 13, 2024 0 Britain signed a memorandum of understanding with Texas, marking the largest state-level trade agreement of its…
Money Volvo revs up EV charging with Breathe Battery tech Amwal Al Ghad English Mar 12, 2024 0 Volvo Cars announced on Tuesday an investment in the UK-based startup Breathe Battery Technologies, to utilise the…
Africa News S. Africa’s current account deficit widens in Q4 ’23 Aya Anwar Mar 7, 2024 0 South Africa's current account deficit surged to R165.5 billion in Q4 2023 from R34.4 billion in Q3, reaching 2.3…
Tech/AI Aramco, ADNOC discussing US LNG investments Aya El Sayed Mar 6, 2024 0 Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are reportedly in discussions to invest in US liquefied…
Banks JPMorgan chooses France’s CB over Visa, Mastercard Aya El Sayed Mar 5, 2024 0 JPMorgan Chase & Co. announced on Tuesday its partnership with France’s primary payment network, Cartes…
MENA News Dubai’s Emmar unveils $21b luxury projects Nada Ali Feb 29, 2024 0 Dubai-based developer Emaar Properties PJSC is investing 96 billion dirhams ($21 billion) to construct two luxury…
Real Estate China’s Country Garden faces liquidation petition Nada Ali Feb 28, 2024 0 Chinese developer Country Garden is facing a liquidation petition for non-payment of a $205 million loan, which…
Featured Alibaba’s Daraz group announces layoffs Nada Ali Feb 27, 2024 0 Daraz Group, an Alibaba-owned e-commerce platform, has announced layoffs across the group in an effort to establish…
Africa News Zambia signs deal with China, India to rearrange debt Aya Anwar Feb 26, 2024 0 Zambia’s dollar debt increased following a government announcement confirming that China and India, the last two…