Moody’s Analytics has won the Climate Risk category in the 2021 Chartis RiskTech100®, the first year this category has appeared. It’s one of 10 awards for Moody’s Analytics to go along with the #2 overall ranking. The Moody’s Analytics offering helps customers first identify whether they have exposure to climate...
With the world and the Asia-Pacific region undergoing profound changes, China has called for joint efforts to build an Asia-Pacific community with a shared future featuring openness, inclusiveness, innovation-driven growth, greater connectivity, and mutually beneficial cooperation. China highly values the role of the Asia-Pacific Economic Cooperation (APEC) and will continue...
Regtech Africa, an emergent global digital tech media platform with a niche focus on regulatory technology innovations in Africa and around the world has announced a strategic partnership with Total RegTech Solutions, a CRG firm with proven track records and cutting edge solutions to improve business productivity. With the partnership...
The nation’s bourse resumed trading for the week on a bullish trend with the All-Share Index crossing the 32,000 mark following interests in blue chips. Specifically, the All-Share Index rose by 1,226.88 or 3.96 per cent to close at 32,243.05 compared with 31,016.17 achieved on Friday. Accordingly, month-to-date and year-to-date gain...
Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on a mezzanine lending opportunity in the United States, as part of its strategy focusing on investments into debt structures.  This investment utilizes the...
Venture capitalist and entrepreneur Vab Goel established the firm to help rapidly scale startups from concept to global relevance First five investments are driving the future of enterprise and digital health NTTVC today publicly announced its $500 million fund to help startups reach rapid global scale by harnessing the power of...
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow...
75% takeover of cement terminal at Thilafushi Island to increase market presence in the Indian Ocean country Oman’s largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 per cent of LafargeHolcim’s cement terminal at Thilafushi Island in Maldives, and a  new joint venture...
Accelerating New Retail Strategy to Capture Opportunities in China’s Retail Sector Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced it will invest approximately USD3.6 billion in respect of Sun Art Retail Group Limited (HKEX: 6808, “Sun Art”), a leading hypermarket and supermarket operator...
~ Capital to be used for further global expansion after revenue quadrupled in 2020 ~ Sees participation from existing investors and multiple global investors Servify, the device lifecycle management platform that integrates multiple OEM Brands and their sales and service ecosystem to deliver great after-sales service experience today announced that they...
As the Nigerian economy contends with the effect of the COVID-19 pandemic, the manufacturing Purchasing Managers’ Index (PMI) has further contracted for the fifth consecutive time at 46.9 index points. Manufacturing PMI for August sood at 46.5 index points. This is contained in the Central bank of Nigeria (CBN) PMI survey report...
China’s Tencent Holdings will be under pressure to address concerns on the impact of a U.S. ban on WeChat-related transactions and outline its plans to mitigate any fallout as it reports second-quarter results on Wednesday. The ban, to take effect in September and the latest salvo in a worsening U.S.-China...
European stocks rose for a third straight session on Tuesday as automakers gained on strong China sales data, with hopes of a steady economic recovery from the coronavirus crisis boosting global sentiment. The pan-European STOXX 600 index rose 1.2 per cent by 0716 GMT, led again by a rally in...
One of the leading global modern governance company used by nearly 700,000 board directors and leaders, Diligent Corporation (‘Diligent’), today announced that it has received an increased investment from Clearlake Capital Group, L.P. and a new investment from funds managed by Blackstone Tactical Opportunities.  Since Insight Partners, Diligent’s largest investor,...
A  legal practitioner, Nathaniel Olabode, has advised traders to embrace insurance policies in order to alleviate their losses in case of fire outbreaks and other natural disasters. Olabode, who gave the advice while speaking with the News Agency of Nigeria, (NAN) in Usi-Ekiti, said the rate of fire outbreaks and...
In the early hours of Monday, August 3, 2020, news broke out that South African food retail company, Shoprite Shoprite Checkers (PTY) Limited and Retail Supermarkets announced that it would sell off its assets and leave the country for good. Everyone has enjoyed the services rendered in their huge outlets...
Iran’s main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating. The Tehran Stock Exchange’s benchmark TEDPIX index gained 46,844 points in early trading, the official IRNA news agency said, up 2.4...