News
Two big-name Turkish textile firms declare bankruptcy amid turmoil
Rising costs, currency volatility and mounting tariff and non-tariff barriers sink enterprises. Some are fleeing to lower-cost Egypt.
CONFERENCE CALL: G20 Africa Energy Investment Forum
G20 Africa Energy Investment Forum participants urged faster gas development, expanded LNG capacity and more bankable projects; the African Energy Chamber insists fossil fuels remain central to energy security and growth.
Negotiation on the US peace plan for Ukraine descend into an "information frenzy"
The media coverage surrounding the US-proposed 28-point peace plan (28PPP) to resolve the Ukrainian conflict is an “informational frenzy,” according to Russian presidential press secretary Dmitry Peskov.
US sanctions push Serbia’s only refinery toward shutdown
Serbia’s sole oil refinery could halt operations within days unless Washington grants a new licence to allow majority Russian-owned NIS to continue processing crude.
Section of separation barrier collapses in heavy rain in Israel
Concrete section of Israel's West Bank separation barrier collapses near Moshav Eliav in heavy rain.
Sorry, South Africa! Tesla poised to launch its first African operation in Morocco
Tesla is positioning Morocco as its first African base, supported by a new senior hire and its incorporation in Casablanca. Strong EV incentives, rising output, and logistics advantages have put Morocco ahead of CEO Elon Musk’s birthplace.
Argentina stands alone in G20 after rejecting summit declaration
Argentina has become the sole G20 member state to reject the Leaders Declaration from the recent summit hosted by South Africa, marking a dramatic diplomatic break under President Javier Milei's administration.
Moldova’s High Court resumes trial of former president Igor Dodon
"Kuliok" ("the bag") case concerns allegations Dodon took a bribe from Moldovan oligarch Vlad Plahotniuc.
EU commissioner says EC still shares concerns that triggered Article 7 procedure against Hungary
In his address during a debate at the European Parliament, Michael McGrath noted that the EC regularly expresses its concerns regarding Hungary in its annual Rule of Law Reports.
Mongolia selects new parliament speaker as ruling party seeks stability
Supporters say elevation of “new generation” figure Uchral Nyam-Osor could help reassure investors unsettled by recent turmoil.
Dodik proxy wins presidential election in Bosnia’s Republika Srpska
Sinisa Karan, backed by ex-president Milorad Dodik’s ruling SNSD, secured just over half of the vote in Republika Srpska, narrowly ahead of opposition candidate Branko Blanusa
Trump’s peace plan for Ukraine cut to 19 points from 28
EU leaders consider some of the 28 points of the American plan for resolving the Ukrainian conflict unacceptable and the number of items on the list has been parred back to 19, the Financial Times reported on November 24.
Kremlin not satisfied with the European peace plan
The Kremlin rejects the European proposals to amend the US sponsored 28-point peace plan (28PPP) that was floated last week in an attempt to bring the war in Ukraine to an end, according to Yuri Ushakov, Putin’s top foreign policy advisor.
Emirates airlines launches signed jersey collection to support charity foundation
Emirates launches Signature Series of authenticated signed football jerseys from Real Madrid, AC Milan and Arsenal partnerships.
Saudi Central Bank licenses Madd Balas for debt-based crowdfunding
Saudi Central Bank licenses Madd Balas for debt-based crowdfunding, bringing total licensed companies for this activity to 14.
_1_1763995453.jpg)
Argentine government resists pressure to lift FX controls
Argentina's government is resisting investor pressure to accelerate foreign exchange liberalisation and allow the peso to float, despite growing concerns about the currency's overvaluation and its impact on economic recovery.
Brazil’s Bolsonaro receives wife visit after ankle monitor tampering led to arrest
Former Brazilian president Jair Bolsonaro was photographed for the first time since his preventive arrest, appearing with his wife Michelle Bolsonaro at the Federal Police Superintendency in Brasilia.
EDB launches first Islamic finance project with Eastcomtrans in Kazakhstan
The Eurasian Development Bank has signed its first Islamic finance agreement, marking a milestone in its efforts to diversify financial instruments and expand regional infrastructure investment.
How much common ground is there in the US 28-point peace plan to end the Ukraine war?
Ever since the ceasefire talks kicked off in Riyadh on February 18, the talks between Moscow and Kyiv have been fraught. There has been little common ground over which to start negotiations.
Who wrote the 28-point peace plan to end the war in Ukraine?
A mystery has emerged over the identity of the authors of the 28-point peace plan floated last week to bring the war in Ukraine to an end. It’s important as the knee-jerk reaction to initial reports is that it is a Kremlin sponsored wish-list.