Via Arabian Business Gulf Insight, a report on Oman’s decision to open an investment bank in Angola: Oman has established a corporate investment bank in Angola to expand its financial footprint in Africa’s emerging markets. The African Bank of Oman (ABO) falls under the objectives of Vision 2040, which seeks to diversify sources of national income […]
Read more »Via Bloomberg, a report on plans for another new city in Egypt: Egyptian property developer Talaat Moustafa Group unveiled a plan for a 1.4 trillion Egyptian pound ($27 billion) new city on the outskirts of Cairo. Spanning over 2 million square meters, the city will involve 165 residential, business and commercial towers, according to the company’s chief […]
Read more »Via The Diplomat, a report on how – despite consistent chatter about the need for diversification – Ashgabat has struggled to reach customers other than China given infrastructure constraints: A month after Turkmenistan’s top leader, Gurbanguly Berdymukhamedov, was warmly welcomed in Beijing, China’s Vice Premier Ding Xuexiang joined him at a ceremony inaugurating a new phase […]
Read more »Via Bloomberg, a report on the Iran conflict is disrupting pistachio supplies globally: South African farming group Karoo Pistachios is ramping up output to capitalize on surging prices and compete with the world’s biggest producers. The conflict in Iran, the world’s second-largest grower, disrupts supplies in an already constrained market, with prices climbing to the […]
Read more »Via Bloomberg, a look at a futuristic $27 billion city which is the latest bid to extend and reimagine greater Cairo: Egypt, which saw its first building boom more than 4,000 years ago, is seeing a fresh flurry of construction. The North African nation that’s home to the Pyramids of Giza saw the announcement of […]
Read more »Via the Fair Observer, commentary on the global race for critical minerals is accelerating as the US seeks to reduce reliance on China, positioning Pakistan as a potential diversification partner despite security risks. Rich deposits like Reko Diq offer opportunity, but instability constrains investment, leaving Washington to balance engagement with risk against continued dependence on […]
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