Global gold ETFs saw net outflows in May, says WGC report
As per the WGC, the gold ETF outflows were primarily driven by Asia and North America, which saw amounts worth USD 12 billion and USD 11 billion, respectively...
Category : Featured
Insurance sector holds key to AfCFTA’s free trade dream, says senior Afreximbank official
While the AfCFTA represents the largest free trade area in the world by number of participating countries, insurance penetration across Africa remains between 2% and 3%...
Sharjah property transactions reach USD 844 million in May, says administration
Initial sales contracts accounted for 513 transactions (7.2%), while valuation transactions totalled 210, accounting for 2.95 of the overall transactions...
Ahead of IPO, Dangote refinery hits another production milestone
The refinery, owned by Nigerian billionaire Aliko Dangote, ramped up crude processing to 700,000 bpd during a performance test by process licensors...
Castlelake eyes possible takeover of budget carrier easyJet, may rope in MSC
While easyJet has called the Castlelake's offer "highly opportunistic", analysts say the company's low valuation, key airport slots and stable fleet make it a prime takeover target...
After acquiring BESS projects in Andalusia, Engie expands its Spanish portfolio further
Engie Espana plans to invest nearly EUR 100 million (USD 116.3 million) to add a 155-MW solar farm to its Castelnou combined-cycle gas-fired power station...
Amid headwinds, Islamic banking advocates broader capital distribution
Islamic banks' historical tendency of maintaining a largely domestic and narrow focus often leaves them more exposed during regional crises...
Uber makes big-ticket investment commitment in self-driving startup Nuro
Uber, through its three-way partnership with Nuro and electric vehicle company Lucid, is eyeing rolling out some 35,000 robotaxis...
Morocco unseats South Africa as continent’s most industrialised economy
Morocco scored higher than South Africa in most of the ADB's metrics, including the all-important manufacturing sector’s contribution to overall GDP...
Egypt Vision 2030: Cairo, Japan to deepen energy cooperation
Egypt's national energy strategy targets increasing the contribution of renewable energy in the electricity mix to 45% by 2028...