Serrari Group

Financial Stability Board (FSB) Introduces Global Regulatory Framework for Crypto, Recommending Guidelines to G20 Economies

The Financial Stability Board (FSB), an international organization responsible for monitoring the global financial system, has introduced a comprehensive global regulatory framework for cryptocurrencies. These guidelines, recommended to the G20 countries, are based on the principle of “same activity, same risk, same regulation.” On July 17, the FSB published a public note and two separate […]

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Saudi Firms Pitch in Nairobi

In a bid to explore investment opportunities and strengthen trade relations, a delegation of 30 Saudi Arabian companies has arrived in Nairobi, Kenya. The visit is expected to boost bilateral trade between the two countries and open up new avenues for economic cooperation. The delegation, led by prominent Saudi’s Minister of Investment Khalid Al-Falih, is […]

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Saudi Wealth Fund Reports $11 Billion Investment Loss for 2022

July 13, 2023 In a recent report released by the Saudi Public Investment Fund (PIF), it has been revealed that the fund suffered an investment loss of $11 billion in the year 2022. This significant loss has raised concerns about the fund’s investment strategy and its impact on the Saudi economy. According to the report, […]

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Protest in China over Property Affordability

July 13 2023 In recent years, China’s property market has experienced significant growth, becoming a crucial sector of the country’s economy. However, this rapid expansion has also led to rising concerns and protests among citizens who are facing challenges related to housing affordability and property rights. These protests have the potential to cause a substantial […]

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Positive U.S. Inflation News Lifts Global Stocks to New 2023 High

July 13, 2023 Global shares achieved unprecedented record levels on Thursday, driven by a surge in investor optimism sparked by the possibility of the Federal Reserve halting its interest rate hikes. The S&P 500 reached a new peak in 2023, the Dow Jones Industrial Average traded 86.1 points higher, and the NASDAQ experienced a 1.15% […]

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Latin America and the Caribbean Attract Record Foreign Investment in 2022

June 13th 2023 Latin America and the Caribbean have experienced a significant surge in foreign direct investment (FDI) in 2022, setting new records and signaling increased confidence in the region’s economic potential. According to reports from various sources, including AldiaNews, Investing.com, and ANBA, the region has become an attractive destination for international investors seeking growth […]

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European Investment Bank Supports Clean Energy Sector with Funding

July 13, 2023 Global News In a significant move to advance the energy transition in Europe, the European Investment Bank (EIB) has pledged its support to the clean energy sector through various funding initiatives. The EIB’s commitment to sustainable development has been demonstrated through its recent collaborations with Iberdrola, a leading Spanish multinational electric utility […]

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Zimbabwe Goes Crypto: Gold Backed Digital Currency

July 13 2023 In recent years, Zimbabwe has been facing severe economic challenges, including hyperinflation and a shortage of foreign currency. To address these issues, the Reserve Bank of Zimbabwe (RBZ) has embarked on a project to introduce a digital currency backed by gold. This move aims to provide a stable and secure means of […]

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