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In a historic visit to Angola, President Joe Biden announced over $1 billion in humanitarian aid to alleviate the suffering caused by severe droughts and food insecurity across Africa. Complementing this is a $600 million investment in infrastructure under the Lobito Trans-Africa Corridor initiative. These measures underline the United States’ commitment to fostering sustainable partnerships […]

WPP, the world’s largest advertising and marketing services group, has announced a major expansion of its Global Delivery Centre (GDC) operations in India, reaffirming the country’s strategic importance in its global growth and innovation agenda. This move underlines India’s pivotal role as a hub for technological and creative expertise within the organization. The announcement also […]

Abu Dhabi Finance Week Sets the StageBlackRock, the world’s largest asset manager with $11.48 trillion in assets under management, is intensifying its focus on the Middle East. The firm announced plans to act as a cornerstone investor in regional IPOs during the Abu Dhabi Finance Week, further solidifying its presence in the Gulf Cooperation Council […]

Indian Prime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024, emphasizing the state’s pivotal role in India’s evolving economic landscape. The summit, which runs from December 9 to 11 in Jaipur, has been designed to attract investments across multiple industries, including renewable energy, electric vehicles, and tourism, while showcasing Rajasthan’s inherent strengths. […]

Goldman Sachs Exits the Net-Zero Banking Alliance (NZBA)Goldman Sachs, one of the world’s leading investment banks, has formally announced its withdrawal from the Net-Zero Banking Alliance (NZBA). This high-profile departure reflects growing tensions between ambitious global climate commitments and the realities of increasingly complex regulatory landscapes. As a founding member of NZBA, Goldman Sachs had […]

The Reserve Bank of India (RBI), in its December 6, 2024, Monetary Policy Committee (MPC) meeting, opted to hold its key interest rate steady at 6.50% for the eleventh consecutive session. However, it introduced a pivotal measure by reducing the cash reserve ratio (CRR) by 50 basis points to 4%. This phased reduction, taking effect […]

Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has embarked on an unprecedented initiative to construct a subsea cable network spanning over 40,000 kilometers. This $10 billion investment signals a transformative step in Meta’s strategy to reshape global internet infrastructure and reinforce its dominance in the tech ecosystem. Charting the “W-Shaped” Pathway […]

Dubai’s thriving property market shows no signs of slowing down, with residential prices projected to rise by an additional 8% in 2025. This continued growth, fueled by a notable shortage in housing supply, is outlined in the latest report by leading property consultancy Knight Frank. A Record-Breaking Year for Dubai Real Estate The Dubai Residential […]

The Qatar Central Bank (QCB) has officially introduced a groundbreaking Regulatory Framework for Digital Banks, signifying a pivotal moment in the nation’s financial sector. This initiative is a key component of Qatar’s broader ambitions to enhance financial inclusion, foster innovation, and solidify its position as a leader in the global fintech arena. The framework aligns […]

Angola has strategically pivoted in its diamond sector, replacing Russian giant Alrosa with a subsidiary of Oman’s sovereign wealth fund in the Catoca diamond mining company. This development follows mounting international pressure on Angola to end its association with Alrosa, a partnership that was increasingly untenable following Western sanctions on the Russian firm due to […]