Global investment in energy-efficient technologies has surged by 4% in 2024, setting a new high of $660 billion, according to the International Energy Agency’s (IEA) annual Energy Efficiency 2024 report. This record-breaking investment reflects an intensifying global commitment to improving energy efficiency amid mounting climate concerns and rising energy costs. The report underlines the necessity […]

Global X Investments Canada Inc. has launched nine new exchange-traded funds (ETFs), expanding its portfolio with fresh options focused on Canadian sectors, U.S. equities, and fixed-income securities. Three of these funds specifically target Canadian sectors, underscoring the growing investor demand for Canadian-centric opportunities as the domestic market remains a robust source of stable returns and […]

In an electrifying development in U.S. politics, former President Donald Trump claimed victory in the 2024 presidential election during an election night event at the West Palm Beach Convention Center. With early results placing him ahead of Vice President Kamala Harris, Trump pledged to “heal” the nation, setting the stage for a return to the […]

In a move poised to reshape cross -border investment within Asia, Labuan-based Roths Investment Bank (RIB) has formed a high-impact partnership with Central Wealth Group Holdings Ltd (CWG), a prominent financial services institution headquartered in Hong Kong. This collaboration is set to enhance RIB’s ability to streamline cross-border investment access across Southeast Asia, Hong Kong, […]

iCapital, a leading global FinTech platform that facilitates access to alternative investments for wealth and asset managers, has entered into a definitive agreement to acquire AltExchange, a cutting-edge data aggregation and management provider. This acquisition is set to elevate iCapital’s data management capabilities and enhance its technology infrastructure, ultimately offering advisors and asset managers more […]

The Nationality, Passports, and Residence Affairs (NPRA) of Bahrain has successfully issued over 10,000 Golden Residency permits to individuals from 99 different countries. This strategic move forms part of Bahrain’s concerted efforts to enhance its residency system, fuel economic growth, and attract a diverse range of skilled talent. The initiative aligns with directives from His […]

The global race to address climate change and achieve net-zero emissions by 2050 demands substantial investments, yet a new report from Moody’s Investors Service warns that the financial resources necessary for this transition are still far from sufficient. According to the report, a staggering $2.7 trillion investment gap per year could undermine the global ambition […]

Z Capital Group (“ZCG”), a leading privately held merchant bank, has announced a landmark move to enhance its global footprint through a dedicated commitment to the Kingdom of Saudi Arabia (“the Kingdom”). As part of its strategic expansion, ZCG has pledged up to $2 billion to support the Kingdom’s burgeoning economy, focusing on high-growth small […]

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has announced a strategic pivot to reduce its international investments and redirect capital to fuel growth within the Kingdom’s domestic economy. PIF Governor Yasir Al-Rumayyan disclosed the shift during the Future Investment Initiative (FII) in Riyadh, underscoring the fund’s intent to cut overseas holdings from […]

In a strategic move to address Africa’s persistent trade financing shortfall, British International Investment (BII), the UK’s development finance institution, announced a new $150 million trade finance facility in collaboration with Absa Group, one of Africa’s largest financial institutions. This facility aims to bridge the continent’s trade finance gap, estimated at $100-120 billion, by injecting […]