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 […]

The Ministry of Investment in Jordan has announced an ambitious plan to attract JD1.25 billion ($1.76 billion) in investments in 2025, reflecting a 19% increase from the projected JD1.05 billion by the end of 2024. These objectives are outlined in the draft General Budget Law for the coming year. Central to these efforts is the […]

In a significant move to curb fraudulent activities, the U.S. Securities and Exchange Commission (SEC) has expanded its Public Alert: Unregistered Soliciting Entities (PAUSE) list, adding 20 new firms accused of deceptive practices, impersonations, and misrepresentation. The additions include 14 entities accused of misleading tactics, two firms impersonating legitimate companies, and four posing as fake […]

Saudi Arabia has approved its state budget for 2025, projecting a fiscal deficit of 101 billion riyals ($26.88 billion), equivalent to approximately 2.3% of its gross domestic product (GDP). Despite the deficit, the kingdom remains committed to massive spending on its Vision 2030 gigaprojects aimed at diversifying its economy away from oil reliance. Key Highlights […]

The Adani Group, one of India’s largest conglomerates, faces mounting challenges as the fallout from U.S. bribery allegations deepens. Ratings agency Fitch has placed several of the group’s bonds on a negative watch, and Sri Lanka has announced a review of the group’s projects in the country. The developments come after U.S. prosecutors charged billionaire […]