EconomyFeaturedSouth Africa to restructure GDP data September onwardsBharath KumarJanuary 21, 2020March 18, 2020 by Bharath KumarJanuary 21, 2020March 18, 2020 The start year for calculating GDP will be updated to 2015 from the existing year of 2010... Read more
BankingFeaturedGoldman bank licenced to operate in South Africa as part of expansionBharath KumarJanuary 21, 2020March 18, 2020 by Bharath KumarJanuary 21, 2020March 18, 2020 The bank has become a member of Johannesburg Stock Exchange’s interest-rate and currency-derivatives market... Read more
FeaturedInsuranceFive firms in the fray to acquire Prudential Life KoreaBharath KumarJanuary 21, 2020March 18, 2020 by Bharath KumarJanuary 21, 2020March 18, 2020 Taiwan’s Fubon Financial Holdings is the sole foreign bidder while the remaining four are local financial firms... Read more
EnergyFeaturedAdnoc, Eni to tap into new opportunities in oil and gas sectorBharath KumarJanuary 21, 2020March 18, 2020 by Bharath KumarJanuary 21, 2020March 18, 2020 They will explore opportunities in carbon capture utilisation and storage as well as research and development... Read more
FeaturedReal EstateThailand eases mortgage loan regulations to support homebuyersBharath KumarJanuary 21, 2020March 18, 2020 by Bharath KumarJanuary 21, 2020March 18, 2020 First-time buyers purchasing homes worth less than 10 mn baht can borrow an extra 10% for furniture... Read more
FeaturedFintechJP Morgan, UK Aid invest $15 million in Catalyst FundBharath KumarJanuary 20, 2020March 18, 2020 by Bharath KumarJanuary 20, 2020March 18, 2020 Catalyst Fund will back 30 fintech startups in Kenya, Nigeria, South Africa, India and Mexico over next three years... Read more
FeaturedReal EstateSharjah’s real estate transactions in 2019 touch Dh24.2 billionBharath KumarJanuary 20, 2020March 18, 2020 by Bharath KumarJanuary 20, 2020March 18, 2020 3,328 properties spanning 46.3 million square feet in area were sold in Sharjah last year... Read more
BankingFeaturedEmirates NBD inks deal with DLD to offer trust account servicesBharath KumarJanuary 20, 2020March 18, 2020 by Bharath KumarJanuary 20, 2020March 18, 2020 ENBD is the first UAE bank to team up with RERA after the new law in September 2019... Read more
EconomyFeaturedEgypt’s external debt increases 17.47% to $109.363 bn last SeptemberBharath KumarJanuary 20, 2020March 18, 2020 by Bharath KumarJanuary 20, 2020March 18, 2020 The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion... Read more
EnergyFeaturedQatar to build solar project with Total and Marubeni for $467 mnBharath KumarJanuary 20, 2020March 18, 2020 by Bharath KumarJanuary 20, 2020March 18, 2020 The project is an effort to decrease carbon emissions and increase clean energy production for exports... Read more