Saudi’s global hub ambition behind record leveraged buyout deal for EA
Saudi Arabia is furthering its gaming hub ambitions with a record $55B deal for electronic arts. The investments in the gaming industry are being touted as…
Category: FINANCE
China bets on Morocco to lead Africa’s electric energy future
Morocco is preparing to build Africa’s first battery gigafactory, a $5.6 billion project backed by China’s Gotion High-Tech, which will place the North African kingdom at the…
Sudani Launches $450 Billion Investment Opportunities in Iraq
Iraqi Prime Minister Mohammed Shia al-Sudani unveiled investment opportunities worth $450 billion across multiple sectors, signaling an ambitious drive to diversify the country’s economy and…
Morocco’s green energy could power half of Europe electricity?
Morocco’s trade minister says his country could, in theory, keep half of Europe’s lights on. With vast solar fields and powerful Atlantic winds, the North African kingdom claims…
SWIFT and Top Global Banks Working on blockchain-based Overhaul
Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working “at pace” on making cross-border payments instantaneous…
China Unveils $70 Billion Financing Tools to Bolster Investment
China will deploy policy-based financial tools to the value of 500 billion yuan ($70.25 billion) to accelerate investment projects, the state’s planner said on Monday,…
UAE dominates Middle East space market with $18bn valuation
The UAE is expected to capture over 50% of the regional downstream market, dominated by satellite communications and Earth observation, which comprise nearly 70% of…
Picturesque Dutch village, Netherlands to charge tourists entry fee
The historic Dutch village of Zaanse Schans is well known for its windmills, which a heck of a lot of tourists want to go to…
Former French president Sarkozy given five year sentence after Libya case
Former French president Nicolas Sarkozy has been sentenced to five years in jail after being found guilty of criminal conspiracy in a case related to…
Saudi Arabia Advances Vision 2030 with Manufacturing, Localisation, Economic Growth
As Saudi Arabia celebrated its 95th National Day on Tuesday, the Kingdom is showcasing rapid economic reforms designed to cement its role as a global…