The U.S. dollar will remain weak over the coming months,a poll of FX analysts forecast, caught in a tangle of mounting U.S. debt concerns, erratic tariff policies and rising interest rate cut expectations. Growing unease over President Donald Trump’s on-again off-again tariffs, and a tax-cut and spending bill that is expected to add $3.3 trillion to […]
Market research and tech consulting firm Yole Group predicts that China will have 30% of the world’s global foundry production capacity, making it the largest hub of semiconductor production. At the moment, Taiwan holds the highest output capacity at 23%, followed closely by China at 21%, South Korea at 19%, Japan at 13%, the U.S. […]
Africa’s richest man, Aliko Dangote, has urged Africans to adopt bold thinking and a long-term mindset, asserting that the continent could be transformed into a “heaven” within just five years. He made the remarks on Friday while speaking at the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank). “We African champions should know that […]
The volume of trade between Nigeria and other African countries surged by 127 percent to $18.4 billion in 2024 from $8.1 billion in 2023, a report by the African Export-Import Bank (Afreximbank) has revealed. The development may be connected to Nigeria’s full participation in the African Continental Free Trade Area (AfCFTA) agreement which went into operation two […]
Alternative asset manager Blackstone has bought nearly $2 billion worth of commercial real estate loans from regional lender Atlantic Union Bankshares, further extending its aggressive push into the CRE sector. The loans were bought at a slight discount to their face value, the companies said on Thursday. The loans originated from Sandy Spring Bank, which […]
The National Debt Management Center (NDMC) in Saudi Arabia announced the closure of June 2025 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated was set at SAR2.355 billion ($627.8 million). The sukuk issuance was divided into five tranches as follows: the first tranche has a size of SAR25 million maturing in […]
Gold prices saw a decline, reaching a near two-week low on Tuesday as risk appetite improved following U.S. President Donald Trump’s announcement that Iran and Israel had agreed to a ceasefire, which diminished demand for safe-haven assets. In Dubai, gold rates witnessed a drop, with 24-carat gold decreasing by AED0.75 to AED404.00, and 22-carat gold also falling […]
Saudi Arabia’s Public Investment Fund (PIF) today announced the establishment of its commercial paper (CP) program, adding a new source of funding to its existing instruments. The program, which allows CP issuance through offshore special purpose vehicles, is comprised of two sub-programs, a U.S. CP program and a Euro CP program. The program is rated […]
The US and China have extended the truce in their trade war after two days of talks in London that resulted in a “framework” deal over export restrictions on rare earths and semiconductors. Negotiations to resolve the wider tariff war triggered by Donald Trump in April will continue but the truce settles, for now, growing tension between the two […]
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of Representatives later this week. The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings […]