Via Bloomberg, a report on UAE’s Mubadala plans to focus on Asia and China in 2023: Mubadala Investment Co. plans to focus on investments in Asia this year as China recovers from the pandemic faster-than-expected and India’s economy continues to grow. The $284 billion Abu Dhabi wealth fund expects a “strong recovery” in China this year and […]
Read more »Via Quartz, a report on a planned new spaceport in Djibouti which is expected to include seven satellite launch pads and three rocket testing pads, and will be the first orbital spaceport on the continent: Africa could soon get a new spaceport after Djibouti signed a partnership deal with Hong Kong Aerospace Technology to build a […]
Read more »Via Project Syndicate, commentary on how Egypt’s current economic crisis could be a golden opportunity to reform the economy by rooting out cronyism and reducing the military’s outsize role in the economy: Egypt is on the brink of a financial and economic abyss. The portfolio inflows that fueled its sovereign debt market have dried up, repeated […]
Read more »Via Quartz, a report on the Mada 9 – Afghanistan’s first indigenously made supercar – which most observers believe is a Taliban effort to divert national and global attention from recent Afghan government decisions related to women’s rights and a faltering economy: Nobody saw this car launch coming. And now they can’t stop talking about Mada 9. […]
Read more »Via Bloomberg, an interesting report on how Middle East sovereign funds spent almost $89 billion globally last year, with deal makers using their wealth to diversify their economies and win geopolitical influence: When Credit Suisse Group AG, Sam Bankman-Fried and Asia’s richest men were hunting for funds in recent months, they all turned to the same place — […]
Read more »Via Foreign Policy, an article on how – as the Egyptian economy falters – Sisi is turning to the Chinese government for support: On Sunday, China’s new foreign minister, Qin Gang, ended his five-nation African tour in Egypt, where he held separate meetings with Egyptian President Abdel Fattah al-Sisi and Arab League Secretary-General Ahmed Aboul-Gheit. […]
Read more »