Middle Eastern investment into Africa is becoming one of the most important sources of new capital, with projects valued at more than $53bn announced in 2023.
Serbian Chamber of Commerce head says Africa is a market of the future thanks to demographics, rising purchasing power and natural resources.
The number of dollar millionaires residing in Russia is down by a quarter (24%) since 2013, to 68,400 high net-worth individuals, ranking Russia last amongst the five BRICS countries.
Over the next ten years, climate change and its consequences will pose the greatest risk to the world. That’s according to roughly 1,500 global experts.
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
As around 70,000 people descend on Dubai for COP 28, the warnings signs of the climate crisis are clear. So far this year has been the hottest ever, and the future looks bleak.
COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.
Norilsk Nickel (Nornickel), a Russian nickel and palladium mining and smelting company, has entered into an agreement to transfer its 50% stake in the Nkomati Joint Venture in South Africa to African Rainbow Minerals (ARM).