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Hormone-disrupting chemicals found in popular South African sanitary pads and pantyliners
The researchers say the findings underscore the need for clearer labelling, stronger chemical standards, and continued monitoring of everyday menstrual products. “This study serves as a wake-up call,” said Professor Visser, head of the department of chemistry at the UFS, “that current regulations and ‘clean’ labels in South Africa may not be providing the protection
February 17, 2026 in Manufacturing -
LSF report supplies masterplan to bridge garment supply gaps
A new feasibility study released by the Localisation Support Fund (LSF) has identified a clear commercial pathway to significantly expand local garment manufacturing in South Africa, with the potential to source an additional 81 million garments per year by 2030. If achieved, this would increase local sourcing by 20%, add nearly R8bn in annual manufacturing
February 13, 2026 in Manufacturing -
Gauteng’s adaptive reuse sparks new growth
Following a prolonged downturn, Gauteng’s commercial property market is entering a phase of cautious recovery, marked by selective growth and rising investor interest in adaptive reuse assets. Source: Supplied. The Telkom Training Centre in Clayville East, Olifantsfontein, which will go under the hammer this month. Transforming older buildings into modern, flexible spaces is reshaping the
February 12, 2026 in Property & Real Estate -
The great escape: Where South Africans are moving next
At sunrise on the N2, Cape Town’s inbound traffic is already tightening into its familiar morning crawl. Yet a few hours beyond the congestion, life in smaller Western Cape towns like Riebeek-Kasteel, Napier, or Stilbaai moves at a gentler pace, the kind of rhythm more South Africans are now seeking. That contrast, between metropolitan pressure
February 12, 2026 in Property & Real Estate -
New deal to accelerate critical minerals beneficiation
A new master risk participation agreement (MRPA) was signed between the African Export‑Import Bank (Afreximbank) and the Development Bank of Southern Africa (DBSA) at the 2026 Mining Indaba in Cape Town. The MRPA offers African businesses the opportunity to expand trade finance, reduce risks in cross-border transactions, and speed up the beneficiation of critical minerals.
February 12, 2026 in Venture Capital -
DEDAT Tech Talk Series shines spotlight on retail and manufacturing SMMEs
The Department of Economic Development and Tourism (DEDAT) is continuing its Tech Talk Series with two sector focused sessions on 16 and 17 February 2026 at UVU Africa. The upcoming instalments will highlight practical ways that Retail and Manufacturing SMMEs can use technology to improve efficiency, boost productivity, and grow sustainably. The Retail Tech Talk
February 11, 2026 in Manufacturing -
Harith to acquire FlySafair as airline maintains operations
FlySafair will be acquired by South African infrastructure investor Harith General Partners through its aviation arm, while continuing to operate under its current brand, leadership, and strategy. The transaction is subject to approval from competition and aviation regulators. The deal is part of Harith’s ongoing expansion into the transport sector, with more than $bn in
February 11, 2026 in Investments -
Barloworld delisted after R23bn Saudi acquisition
One of South Africa’s oldest industrial companies has officially exited the public markets following a R23bn acquisition by a Saudi-backed consortium, marking the end of Barloworld’s 124-year history as a listed entity. Source: Pexels. The takeover was led by Newco — a consortium anchored by Saudi Arabia’s Zahid Group through its subsidiary Gulf Falcon Holding
February 11, 2026 in Investments -
Harmony Gold’s copper venture may take 2 years
Harmony Gold’s recently acquired CSA Copper Mine in Australia requires a capital injection and a strategic rethink, which could take two years, chief executive Beyers Nel said at the 2026 Mining Indaba in Cape Town. Image credit: Reuters Harmony, South Africa’s top gold producer by volume, is diversifying into copper — a metal critical to
February 10, 2026 in Investments -
Driven by real cost relief, not rates
The real story for 2026 is shaping up to be about relief – cost relief. The long-anticipated reprieve on the cost of debt has failed to meaningfully unlock spending, underlining a hard truth for the economy: lower rates alone are not enough when consumers are stretched, cautious and increasingly credit-constrained. Dr Greg Cline, Head of
February 9, 2026 in Investments -
SA’s mining future hinges on investment — MCSA
According to Mzila Mthenjane, CEO of the Minerals Council South Africa (MCSA), growth in the mining sector will revitalise the South African economy and job creation. However, the sector’s growth largely depends on investment, which is hindered by regulatory and operational bottlenecks. The MCSA held a media briefing to launch its 2025 Facts & Figures
February 9, 2026 in Investments -
Volkswagen sounds alarm over SA’s auto manufacturing future
With the recent announcement of Nissan ending manufacturing locally and selling its factory to Chery, all eyes are on Volkswagen and its legacy of operating in South Africa. A new Polo Vivo at Volkswagen Group Africa’s product development facility in Kariega | Image credit: Imran Salie By now, most are aware of what ails the
February 9, 2026 in Manufacturing -
South Africa advances landmark trade partnership with China to unlock duty-free exports
South Africa has taken a major step toward strengthening its trade relationship with China after the Minister of Trade, Industry and Competition signed a framework economic partnership agreement aimed at expanding market access for South African goods. Source: Pexels. The agreement lays the foundation for securing duty-free entry for a wide range of local exports
February 6, 2026 in Manufacturing -
Kumba Iron Ore forecasts 23% profit rise driven by market gains
Kumba Iron Ore said it expects its full-year profit to increase by as much as 23%, driven by higher mineral prices and sales volumes. Kumba, a unit of Anglo American, said it expects headline earnings between R13.9bn and R15.33bn for the year ended December 2025, compared with R12.5bn the previous year. Africa’s top iron ore
February 5, 2026 in Investments -
Renishaw Coastal Precinct plans eco-friendly developments for 2026
One of South Africa’s most ambitious mixed-use developments is set for a landmark 2026, with Renishaw Coastal Precinct unveiling a slate of new projects. Source: Supplied. Barto van der Merwe, managing director of Renishaw Property Developments. Spanning 1,300 hectares on the KZN Mid-South Coast, the precinct aims to redefine coastal living through sustainable design, integrated
February 5, 2026 in Property & Real Estate -
The R11.5m sale that signals Cape Town’s luxury property boom
A grand Victorian residence in Lynfrae has made headlines with a record-breaking sale of R11.535 m, eclipsing the suburb’s previous R9 m benchmark and highlighting the surging demand for luxury homes in Cape Town’s Southern Suburbs. Source: Supplied. Facilitated by Lew Geffen Sotheby’s International Realty, the transaction underscores a broader trend in the city’s premium property market,
February 5, 2026 in Property & Real Estate -
In a historic move, South Africa officially becomes a member of Afreximbank
South Africa has officially joined the African Export-Import Bank (Afreximbank), marking a significant milestone in strengthening intra-African trade, industrial development and financial sovereignty across the continent. Source: African Export-Import Bank. Following parliamentary approval in 2025, the accession formalises a strategic partnership between Africa’s largest multilateral trade finance institution and one of its most industrialised economies.
February 5, 2026 in Manufacturing -
Applications open for the 2026 SME Import Navigator programme in partnership with FNB
South African manufacturing SMEs continue to operate in an increasingly competitive environment, facing intensified pressure from global competitors and low-cost imports. Many businesses experience challenges including high reliance on imported inputs, limited market access, and difficulties positioning their products competitively within B2B and distribution networks: All barriers that can restrict growth potential and reduce long-term
February 3, 2026 in Manufacturing -
Vukile’s €279m Spanish deal opens new horizons
Vukile Property Fund has unveiled the first transaction in a new phase of its Iberian growth strategy, signalling a decisive shift toward higher-growth shopping centres. Source: Supplied. Berceo Shopping Centre, in the centre of Longrono, La Rioja in Northern Spain. The consumer-focused retail REIT is recycling capital following the €279m disposal of its Spanish retail
February 3, 2026 in Investments -
SA SME funding platform Lula secures R340m
South African SME funding platform Lula has secured R340m in local currency funding from Dutch development bank FMO, in a move aimed at expanding access to finance for small and medium enterprises across the country. Trevor Gosling, co-founder and CEO of Lula | image supplied The funding is expected to increase lending to businesses that
February 3, 2026 in Investments -
Discounter Pepkor’s Q1 revenue rises on acquisitions and festive demand
Pepkor Holdings reported a 12.9% rise in first-quarter revenue to R29.9bn, benefiting from acquisitions and growth in core clothing brand Pep and demand for tech products. Group sales from continuing operations increased by 10.6% in the festive season trading quarter ended 31 December compared to the same quarter in 2024, and rose by 5.2% when
February 3, 2026 in Investments -
Shoprite Holdings reports 7.2% sales rise amid SA’s economic struggles
One of South Africa’s largest grocery retailer, Shoprite Holdings has released an operational update covering the six-month period to 28 December 2025, showing continued sales growth and strong performance amid ongoing economic challenges. Source: Reuters/Mike Hutchings Solid sales growth amid tough conditions For the interim period the Shoprite Group increased sale of merchandise from continuing
February 2, 2026 in Investments -
Consumers can breathe little easier as repro rate remains unchanged
This week saw the Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) keep the repo rate unchanged at 6.75%. The experts weigh in on the decision and what it means for the economy, consumers, home and vehicle repayments and debt. This week saw the Reserve Bank’s (Sarb) Monetary Policy Committee (MPC) keep the repo rate unchanged
January 30, 2026 in Investments -
Unchanged repro rate expected to bring stability to residential property market
As interest rates remain unchanged, it is anticipated that it will bring short-term stability to South Africa’s property market, despite buyers and industry professionals hoping for a cut to improve affordability and boost activity. As interest rates remain unchanged, it is anticipated that it will bring short-term stability to South Africa’s property market (Image source:
January 30, 2026 in Property & Real Estate -
Famous Brands sets sights on sustainable growth buyback strategy
Famous Brands has announced the start of a share buyback programme, the culmination of the past focus on deleveraging to strengthen our balance sheet and in line with its strategy to deliver sustainable growth and enhanced shareholder returns. Famous Brands intends to repurchase approximately 5% of its issued share capital at current share price levels,
January 30, 2026 in Investments -
Woolworths expects up to 12% earnings rise on festive sales
South African retailer Woolworths Holdings expects an up to 12% rise in half-year headline earnings, on strong demand for its upmarket food, clothes, beauty and home products over the Black Friday and Christmas period, it said on Thursday, 29 January 2026. Source: Reuters/Esa Alexander Headline earnings per share are expected to rise by between 7%
January 30, 2026 in Investments -
Saudi Arabia plans to expand premium residency to superyacht owners, top students and mega-project buyers
Saudi Arabia plans to expand premium residency to superyacht owners, mega-project homebuyers and top students under Vision 2030 The post Saudi Arabia plans to expand premium residency to superyacht owners, top students and mega-project buyers appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 29, 2026 in Business News -
Trump to Iran: Deal or face devastation
US president issues stark ultimatum as carrier strike group arrives in Gulf waters—but Tehran vows to “respond like never before” if attacked The post Trump to Iran: Deal or face devastation appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 28, 2026 in Business News -
Gold and gold equities outlook for 2026
In the modern era, only the early and late 1970s have witnessed the scale of increases in gold and gold equities. During 2025 the gold price reached 45 new all-time highs with the 65% price gain in the year dwarfing anything experienced in the 2000s bull market. Not since the crises of the 1970s has
January 28, 2026 in Investments -
South Africa to make public plans to boost local vehicle production
South Africa will present measures by the end of February to boost local vehicle production, including reviews of luxury taxes on imported cars and import tariffs, the government said on Tuesday, 27 January. File photo: A worker speaks on the phone in front of some of the BYD models at a dealership in Sandton, South
January 28, 2026 in Manufacturing -
Housing market recovery in 2026 as inflation eases
South Africa’s easing consumer inflation and resultant lower interest rates have begun to translate into increased home loan activity. South Africa’s easing consumer inflation and resultant lower interest rates have begun to translate into increased home loan activity (Image source: © 123rf 123rf) This is according to the newly released Quarter 4 2025 (Q4 ’25)
January 28, 2026 in Property & Real Estate -
Dubai unveils $27.2bn DIFC Zabeel District in landmark financial hub expansion
Dubai unveils $27.2bn DIFC Zabeel District, a landmark expansion set to reshape the city’s financial hub amid global finance ambitions The post Dubai unveils $27.2bn DIFC Zabeel District in landmark financial hub expansion appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 28, 2026 in Business News -
Capital Market Authority issues 3,170 licenses in 2025, a jump of 150% over previous year
Number of locally domiciled investment funds grew by approximately 322%, while the total number of funds under its oversight rose by 66% to 197 The post Capital Market Authority issues 3,170 licenses in 2025, a jump of 150% over previous year appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance,
January 27, 2026 in Business News -
Gold miners see shares spike as gold extends its historic rally
Shares of gold miners jumped as bullion prices surged to a record high of $5,100 an ounce, extending a historic rally driven by safe-haven demand amid geopolitical uncertainties and market volatility. UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. Image credit:
January 27, 2026 in Investments -
European ruling G1/23 and the impact on patent landscapes in SA
The information that is made publicly available before a patent’s priority date forms part of the prior art. In July, the Enlarged Board of Appeal (EBoA) of the European Patent Office (EPO) published its decision regarding G1/23, providing further clarity on the scope of prior art and the meaning of “available to the public”. Image
January 27, 2026 in Manufacturing -
Sobha Realty launches 20,000-home Sobha Sanctuary as its largest master-planned community in Dubai
Sobha Realty has unveiled Sobha Sanctuary, its largest master-planned development in Dubai, designed to serve 20,000 families. The post Sobha Realty launches 20,000-home Sobha Sanctuary as its largest master-planned community in Dubai appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 26, 2026 in Business News -
Valterra forsees 106% profit rise on back of record platinum price
Valterra Platinum said it expects its annual profit to rise by as much as 106%, on the back of a record rally in platinum prices and operational cost reductions. Image credit: Reuters/Siphiwe Sibeko Valterra said that, under its updated outlook, it expects headline earnings between R15.6bn and R17.3bn in the year ended 31 December, up
January 26, 2026 in Investments -
Heartwood Properties Limited approved for A2X secondary listing
Heartwood Properties Limited has been approved for a secondary listing on A2X, with Heartwood’s shares to commence trading on A2X on Monday, 2 February 2026. Heartwood Properties Limited has been approved for a secondary listing on A2X. Pictured: Heartwood Properties’ new warehouse for Provincial Logistics (Image supplied) Heartwood is currently listed on the Cape Town
January 26, 2026 in Property & Real Estate -
UAE petrol prices set to change in February
New UAE petrol prices are set to be announced in February following a significant cut in January to start 2026 fuel pricing The post UAE petrol prices set to change in February appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 26, 2026 in Business News -
World Economic Forum selects South Africa for 2027 Summit
South Africa will host a special World Economic Forum Summit in 2027, marking a major milestone for the continent and the Global South. Source: ODI Global. Announced by International Relations Minister Ronald Lamola at Davos, the decision recognises Africa’s most industrialised economy as a strategic convenor of global leaders tackling shared economic and geopolitical challenges
January 26, 2026 in Investments -
Kuwait goes big on clean-up with $3.3bn China-backed sewage plant
Kuwait splashes out on $3.3bn contract with China State Construction Engineering to build the country’s largest sewage treatment plant The post Kuwait goes big on clean-up with $3.3bn China-backed sewage plant appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 25, 2026 in Business News -
Dubai real estate sector recorded $5.9bn of transactions last week, including $12m branded residence
Dubai real estate sector saw $6.6bn of transactions and 4.316 sales last week, including Bulgari Lighthouse home sold for $18m The post Dubai real estate sector recorded $5.9bn of transactions last week, including $12m branded residence appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 25, 2026 in Business News -
Emirates and Qatar Airways cancel Dubai and Doha flights to US amid snowstorm emergencies
Emirates and Qatar Airways cancel flights to the US amid travel chaos as snowstorm prompts emergencies in 18 US states The post Emirates and Qatar Airways cancel Dubai and Doha flights to US amid snowstorm emergencies appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 24, 2026 in Business News -
UAE hotel revenues hit $12.1bn as visitor numbers surge
UAE hotel revenues hit $12.1bn in 2025 to November as visitor numbers rose, highlighting strong tourism growth The post UAE hotel revenues hit $12.1bn as visitor numbers surge appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 23, 2026 in Business News -
Truworths expects half-year earnings around flat after African sales fall
South African fashion retailer Truworths International revealed its half-year profit was likely to be flat to around 2% higher as constrained consumer spending has led to lower sales at its Africa business. Source: Reuters/Esa Alexander Truworths, which also operates in the UK, said it expects headline earnings per share – one of the main profit
January 23, 2026 in Investments -
Saudi Arabia opens real estate ownership to non-Saudis under new law
Saudi Arabia implements a new law allowing non-Saudis to own property, with applications processed via Saudi Properties portal The post Saudi Arabia opens real estate ownership to non-Saudis under new law appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 23, 2026 in Business News -
Dubai First-Time Home Buyer Program drives $885m in sales as 2,000 residents buy first homes
Dubai First-Time Home Buyer Program has helped 2,000 residents buy their first homes in six months, driving $885m in sales. The post Dubai First-Time Home Buyer Program drives $885m in sales as 2,000 residents buy first homes appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 22, 2026 in Business News -
Prime interest rate may soon be phased out, says SA Reserve Bank governor
South African Reserve Bank (Sarb) Governor Lesetja Kganyago said on Wednesday, 21 January 2026 that the end of the prime lending rate — which stands at 350 basis points above the central bank’s key repo rate — may be nigh. Source: Reuters. South African Reserve Bank’s Lesetja Kganyago. Bloomberg recently reported that the Sarb was
January 22, 2026 in Investments -
Vukile acquires 35% of Pradera
Vukile Property Fund has taken a significant step in its European growth strategy, acquiring a 35% stake in specialist retail property investor and asset manager Pradera Limited. Source: Supplied. Laurence Rapp, chief executive officer of Vukile Property Fund. The investment strengthens Vukile’s on-the-ground retail real estate capabilities, providing access to deep local expertise across key
January 22, 2026 in Property & Real Estate -
Rosatom’s new inverter conquers extreme solar climates
Parus Electro LLC, part of Russia’s Rosatom group, has unveiled Russia’s first string inverter for solar power plants, designed to stabilise energy generation and integrate with storage even in harsh climates. Source: Supplied. The innovation forms part of Rosatom’s broader international energy efforts, including collaborations in Africa, such as its partnership with South Africa’s state-owned
January 22, 2026 in Manufacturing -
Saudi Arabia real estate prices dip 0.7 per cent in Q4 2025 as residential sector weakens
Saudi Arabia’s real estate price index fell 0.7 per cent year on year in Q4 2025, driven by declines in land, apartments and villas The post Saudi Arabia real estate prices dip 0.7 per cent in Q4 2025 as residential sector weakens appeared first on Arabian Business: Latest News on the Middle East, Real Estate,
January 21, 2026 in Business News -
Why families and investors are flocking to East London’s coastal heaven
East London, also known as Buffalo City, is emerging as a real estate hotspot, attracting families, investors, and lifestyle seekers alike. Boasting long white sandy beaches, a pleasant sub-tropical climate, and abundant recreational activities, the city lies between the Sunshine Coast and the Wild Coast. Source: Supplied. Priced at R10.995m through Pam Golding Properties, and
January 21, 2026 in Property & Real Estate -
EXPLAINER: What is Trump’s ‘Board of Peace’ and who has agreed to join it?
initially focused on post-war Gaza, ‘Trump’s Board of Peace’ is now being framed as a global conflict-resolution body, prompting concerns among governments that it could undermine the UN The post EXPLAINER: What is Trump’s ‘Board of Peace’ and who has agreed to join it? appeared first on Arabian Business: Latest News on the Middle East,
January 21, 2026 in Business News -
SA’s brand soft power ranking down, reputation ranking up
(Image supplied) South Africa has also dropped three ranks for Familiarity (32nd) and two ranks for Influence (31st). The eight key Soft Power pillars results show emerging strengths in cultural attributes, offset by weakening perceptions of economic strength. Soft Power is defined as a nation’s ability to influence the preferences and behaviours of various actors
January 21, 2026 in Investments -
UAE defence firms unveil autonomous land, air and swarm systems at UMEX 2026
UMEX 2026 showcases UAE autonomous vehicles, drone swarms and defence systems as contracts, exports and AI take centre stage The post UAE defence firms unveil autonomous land, air and swarm systems at UMEX 2026 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 20, 2026 in Business News -
Ajman real estate valuations hit $2.7bn as Golden Residence demand drives 2025 activity
Ajman registered 2,275 real estate transactions worth $2.7bn in 2025, with commercial properties and Golden Residences driving value The post Ajman real estate valuations hit $2.7bn as Golden Residence demand drives 2025 activity appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 20, 2026 in Business News -
Emirates Developments partners with Jumeirah to launch branded residences on Al Maryah Island
Emirates Developments and Jumeirah have partnered to introduce branded residences, redefining luxury waterfront living on Abu Dhabi’s Al Maryah Island. The post Emirates Developments partners with Jumeirah to launch branded residences on Al Maryah Island appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 19, 2026 in Business News -
UAE President to begin his third state visit to India on Monday
The visit by His Highness will provide an opportunity for the two leaders of two countries to chart new frontiers for the India–UAE Comprehensive Strategic Partnership The post UAE President to begin his third state visit to India on Monday appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and
January 18, 2026 in Business News -
Khamenei to Trump: you killed them
Iran’s Supreme Leader blames US president for more than 3,000 deaths as nationwide protests are brutally suppressed and internet services begin to return The post Khamenei to Trump: you killed them appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 18, 2026 in Business News -
Elon Musk wants $134.5 billion from OpenAI and Microsoft in ‘wrongful gains’ from his early investment
xAI and SpaceX owner tells court OpenAI gained anywhere between $65.5-$109.4bn, and Microsoft from $13.3-$25.1bn because of his initial contribution of $38mn The post Elon Musk wants $134.5 billion from OpenAI and Microsoft in ‘wrongful gains’ from his early investment appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and
January 17, 2026 in Business News -
X is down for thousands of users worldwide
X was down for tens of thousands of users worldwide on Friday, according to outage tracking website Downdetector.com The post X is down for thousands of users worldwide appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 16, 2026 in Business News -
The spanner in property development revival
South Africa’s property market is enjoying renewed momentum, driven by interest-rate cuts, increased competition and strong demand from middle and emerging income groups. Source: Supplied. Chief operating officer of e4, Luigi D’Amico. But behind the surge in bond applications lies a serious challenge: outdated, fragmented home-loan processes are creating inefficiency, enabling fraud and threatening to
January 16, 2026 in Property & Real Estate -
How Agoa renewal impacts the SA-US economic relationship
The approval of the African Growth and Opportunity Act (Agoa) Extension Bill by the US House of Representatives has been welcomed by Trade, Industry and Competition Minister Parks Tau, who said the move strengthens South Africa’s trade relationship with the United States. Source: Trevor Hill/Audi South Africa. Agoa provides eligible sub-Saharan African countries with duty-free
January 16, 2026 in Manufacturing -
Tech, banks weigh on Wall Street; Trump eases Iran oil fears
Technology and bank stocks led Wall Street indexes into a second day of declines on Wednesday, 14 January 2026 while oil prices snapped back from the day’s highs after US President Donald Trump softened warnings about unrest in Iran, although persistent economic and geopolitical uncertainty continued to support precious metals. Source: Reuters. Banner earnings releases
January 15, 2026 in Investments -
Caledonia to capitalise on gold’s good fortune in $132m project
Capitalising on gold’s current market dominance, Caledonia Mining Corporation has announced a $132m plan to develop, once operational, Zimbabwe’s largest gold mine. UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain. Image credit: Reuters/Hiba Kola/File Photo Miners are riding a wave of record bullion prices to expand output.
January 15, 2026 in Investments -
Yen sinks to 18-month low on election speculation
The yen fell to its weakest level in a year-and-a-half on Wednesday, 14 January 2026 as investors considered the possibility of a snap election that could pave the way for fiscal stimulus while an auction of government debt received a cautious market response. Source: Reuters. The yen slipped as much as 0.2% to 159.45 yen
January 14, 2026 in Investments -
South Africa welcomes US House approval of Africa trade programme renewal
South Africa’s government on Tuesday welcomed the approval by the US House of Representatives of a bill that would renew Washington’s preferential trade programme for Africa for another three years. Source: Reuters. The African Growth and Opportunity Act (Agoa), a law first enacted in 2000 to provide duty-free access to the US market for eligible
January 14, 2026 in Investments -
Rio-Glencore deal to shake things up
Copper is fast becoming the Lewis Hamilton of metal mining strategy. Estimates reckon copper demand has the potential to increase by roughly 50% by 2040. Its growing allure is pushing more and more producers to secure their seat at the copper assets table through lucrative deals. Therefore, the renewed merger discussions between Glencore and Rio
January 13, 2026 in Investments -
The US focus on Venezuelan oil
US moves on Venezuelan oil signal more than a tactical sanctions tweak; they expose shifting energy geopolitics where access, control and leverage increasingly shape foreign policy. Source: Pexels. While markets eye heavy crude flows and refiners’ gains, the reality is incremental change, not a reset. With Chevron already operating under constraints, Washington’s posture reflects caution
January 13, 2026 in Investments -
Gold leaps to record high, dollar drops as US prosecutors target Fed’s Powell
Gold vaulted to a record high and both the dollar and Wall Street futures fell on Monday, 12 January 2026 as a criminal investigation into Federal Reserve Chair Jerome Powell stoked concerns about the independence of the world’s most influential central bank. Source: Reuters. Powell slammed the move as part of US President Donald Trump’s
January 12, 2026 in Investments -
Transforming the property market for millennials
The property market has entered a digital era, transforming how buyers, tenants, and sellers interact with real estate. Gone are the days of browsing newspaper listings—today, online platforms allow users to search, compare, and connect seamlessly. Source: Pexels. Proptech tools empower sellers to manage enquiries, track demand, and optimise listings, while innovative ownership models like
January 12, 2026 in Property & Real Estate -
A surge in South African property investment
For a long time, offshore investment was positioned as the safest route to growth, diversification and currency protection. Source: Supplied. While global exposure still has its place, a growing number of South Africans are reassessing risk, stability and returns, and finding renewed confidence in the resilience and long-term value of local property. The shift is
January 12, 2026 in Property & Real Estate -
Saudi Arabia trade passes $49bn in October as surplus jumps 47.4%
Saudi Arabia’s international trade reached $49.1bn in October 2025, up 8.4%, with exports at a yearly high and trade surplus rising 47.4% The post Saudi Arabia trade passes $49bn in October as surplus jumps 47.4% appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 11, 2026 in Business News -
Dubai real estate sector recorded $5.9bn of transactions last week, including $18m Atlantis apartment
The Dubai real estate sector saw $5.9bn of transactions and 3,704 sales last week, including an apartment sold for $18m The post Dubai real estate sector recorded $5.9bn of transactions last week, including $18m Atlantis apartment appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 11, 2026 in Business News -
UAE developer Ardee breaks ground on $545m Fairmont Al Marjan Island waterfront project
Ardee begins construction on its $545m Fairmont Residences Al Marjan Island and Hotel, a Ras Al Khaimah, UAE waterfront development The post UAE developer Ardee breaks ground on $545m Fairmont Al Marjan Island waterfront project appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 10, 2026 in Business News -
UAE rail plans revealed, Saudi markets open up and Dubai property holds firm – 10 things you missed this week
From UAE passenger rail and Saudi market reforms to Dubai property trends and GCC shifts, here are 10 essential stories this week The post UAE rail plans revealed, Saudi markets open up and Dubai property holds firm – 10 things you missed this week appeared first on Arabian Business: Latest News on the Middle East,
January 10, 2026 in Business News -
Iran’s rulers face legitimacy crisis amid spreading unrest
Unrest reflects gulf between young population and rulers as analysts say crackdowns and concessions may no longer work The post Iran’s rulers face legitimacy crisis amid spreading unrest appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 9, 2026 in Business News -
South African rand steady as investors eye key US data
The South African rand was steady in early trade on Friday, 9 January 2026 as traders look ahead to US labour market data later in the day for indications on the Federal Reserve’s policy trajectory. Source: Reuters. At 07:19 GMT, the rand traded at 16.54 against the dollar, little changed from its previous close of
January 9, 2026 in Investments -
Goldman Sachs expects South Africa’s rand to extend gains as conditions improve
The rand may clock another year of gains supported by easing interest rates, with firmer public finances also boosting South Africa’s domestic economy, Goldman Sachs said in a research note. Source: Reuters. The currency ended 2025 nearly 13% stronger against the US dollar, marking its biggest annual gain in 16 years as the greenback weakened
January 9, 2026 in Investments -
Saudi Arabia issues travel warning on passport validity and activation rules
Saudi Arabia General Directorate of Passports warns travellers of passport validity rules, activation requirements and warns against misuse The post Saudi Arabia issues travel warning on passport validity and activation rules appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 8, 2026 in Business News -
Kenyan beer firm asks court to block Diageo’s $2.3bn EABL sale to Asahi
A Kenyan beer distribution firm has filed a case at Kenya’s High Court seeking to block Diageo’s $2.3bn sale of its local subsidiary EABL to Japan’s Asahi Holdings over pending litigation, a lawyer for the challenger said on Wednesday, 7 January. Beer bottles pass through a conveyor belt along a production line at the East
January 8, 2026 in Investments -
Inside UKZN’s ambitious student accommodation plan benefiting local businesses
Durban’s economy is due to get a boost from University of KwaZulu-Natal’s massive R449m student residence, Howard College. Source: Supplied. With construction progressing toward 2026 completion, the project is set to deliver nearly 2,500 beds, and is expected to create jobs, support local businesses, and play a vital role in addressing KwaZulu-Natal’s student housing shortage.
January 8, 2026 in Property & Real Estate -
UAE recalls Nestlé infant formula products
The Emirates Drug Establishment recalls selected Nestlé infant formula products over concerns over traces of bacteria The post UAE recalls Nestlé infant formula products appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 8, 2026 in Business News -
UAE aviation regulator accredits 5 specialised drone training centres
UAE General Civil Aviation Authority has accredited five UAS training centres to boost skills and innovation in drone operations The post UAE aviation regulator accredits 5 specialised drone training centres appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 7, 2026 in Business News -
Rising investor confidence set to transform South African commercial property in 2026
Investor confidence is driving strong momentum in South Africa’s commercial property market, with 2026 poised for growth. Source: Supplied. Jayson-lee Collins, Director: Broll Auctions and Sales. Rising transaction values, easing interest rates, and more flexible funding conditions are encouraging buyers to deploy capital, while shifts in investor behaviour signal renewed optimism. According to Broll Auctions
January 7, 2026 in Property & Real Estate -
Dubai to reopen Jumeirah Beach 1 after major infrastructure and lifestyle upgrade
Sheikh Hamdan reviews Dubai Municipality’s Jumeirah Beach 1 project, now more than 95 per cent complete and set to open next month The post Dubai to reopen Jumeirah Beach 1 after major infrastructure and lifestyle upgrade appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 6, 2026 in Business News -
Africa’s first pan-African Gold Bank launched
The Central Bank of Egypt (CBE) and Afreximbank have joined forces to launch Africa’s first pan-African Gold Bank. Source: Supplied. George Elombi, president and chairman of the Board of Directors of Afreximbank, and Hassan Abdalla, Governor: Central Bank of Egypt (CBE). This historic initiative, formalised through a Memorandum of Understanding signed by CBE Governor H.E.
January 6, 2026 in Investments -
Dubai’s 1 Billion Followers Summit this week is completely sold out
Featuring speakers like Mr Beast, Will Smith, Max Amini and Lara Trump, the three-day content creators summit starts on Friday The post Dubai’s 1 Billion Followers Summit this week is completely sold out appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 6, 2026 in Business News -
Saudi Arabia warns of penalties for late withholding tax filings
Saudi Arabia’s ZATCA calls on businesses to submit December 2025 withholding tax filings by January 11 to avoid payment penalties The post Saudi Arabia warns of penalties for late withholding tax filings appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 5, 2026 in Business News -
The economic pitfalls of rent control: Lessons for Cape Town
The only sustainable way to lower housing costs is by increasing the supply of homes, letting the market balance demand and prices. Yet calls for rent control in Cape Town remain driven by emotion, ignoring economic reality and long-term consequences. Source: Pexels. This is exemplified by the aptly named ‘Rent Control’ group, which, in a
January 5, 2026 in Property & Real Estate -
South Africa kicks off 2026 with a fuel price cut
The strengthening of the rand, as well as the easing of global oil prices, have contributed to South Africa’s first fuel price drop of 2026. The Department of Mineral and Petroleum Resources (DMPR) recently announced a decrease in fuel prices, effective 7 January 2026. According to Henry van der Merwe, national chairperson of the South
January 5, 2026 in Investments -
South African rand steady after Venezuela shock
The South African rand was steady in early trade on Monday, 5 January 2025 as investors considered the implications of US military action in Venezuela, escalating geopolitical tensions and lifting safe-haven demand. Source: Reuters. At 0657 GMT the rand traded at 16.5050 against the dollar, a whisker away from Friday’s closing level of 16.5075. The
January 5, 2026 in Investments -
The long hold – time in the market beats timing the market for property investors
Property investing is a compounding marathon, not a sprint. An investor who buys well and holds long earns both capital growth and the exponential effect of time on value and debt. “Don’t wait to buy real estate. Buy real estate and wait.” – Will Rogers Few lines capture the essence of property investing better than
January 5, 2026 in Property & Real Estate -
RTA completes 60% of major Oud Maitha Road and Al Asayel Street project
Once complete in 2030, it will include four major intersections, bridges spanning 4.3 kilometres and roads extending 14kms The post RTA completes 60% of major Oud Maitha Road and Al Asayel Street project appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 5, 2026 in Business News -
Saudi Electricity completes critical substation for Aramco Stadium
The scope of work included building a 115/13.8-kV substation and linking it to the grid through more than 2.4 kilometres of underground cables The post Saudi Electricity completes critical substation for Aramco Stadium appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 4, 2026 in Business News -
Grok AI goes wild…floods X with inappropriate photos of women and minors
The Elon Musk-owned Grok is generating sexualised images on request; Politicians in France ask prosecutors to investigate and India demands answers The post Grok AI goes wild…floods X with inappropriate photos of women and minors appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 3, 2026 in Business News -
Saudi Arabia’s Jeddah airport sets national record with 53.4m passengers
King Abdulaziz International Airport records 53.4m passengers in a year, the highest in Saudi history, cementing aviation hub role The post Saudi Arabia’s Jeddah airport sets national record with 53.4m passengers appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 3, 2026 in Business News -
Saudi Arabia launches $2.7bn digital infrastructure push with world’s largest government data centre
Saudi Arabia launches world’s largest government data centre, driving a $2.7bn digital infrastructure impact under Vision 2030 The post Saudi Arabia launches $2.7bn digital infrastructure push with world’s largest government data centre appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 2, 2026 in Business News -
Emirates in 2025: 55.6m passengers, new aircraft, Starlink rollout and over 180,500 flights
Emirates carried 55.6m passengers in 2025, expanded its fleet and network, rolled out Starlink Wi-Fi and marked 40 years of growth The post Emirates in 2025: 55.6m passengers, new aircraft, Starlink rollout and over 180,500 flights appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 1, 2026 in Business News -
Dubai property market hits $185.5bn in sales as population boom drives record growth in 2025
Dubai real estate market saw $185.5bn in sales in 2025 as population growth, end-user demand and supply reshaped market The post Dubai property market hits $185.5bn in sales as population boom drives record growth in 2025 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
January 1, 2026 in Business News -
Abbas Sajwani’s $120m ‘Big Ben’ tower bet pays off with $600m in sales – report
Son of Damac founder sells 95% of units after acquiring building from CBD for $120m The post Abbas Sajwani’s $120m ‘Big Ben’ tower bet pays off with $600m in sales – report appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 31, 2025 in Business News -
Key takeaways for future investors
South Africa’s property market is entering 2026 with a renewed — but grounded — sense of confidence. Source: Supplied. Despite ongoing affordability pressures, buyers continued to move, signalling longer-term commitment. Absa’s Q3 2025 Homeowner Sentiment Index echoes this shift, with investing sentiment at 84% and buying-versus-renting at 75%, underscoring belief in ownership and wealth creation.
December 31, 2025 in Property & Real Estate -
Saudi Arabia opens consultation on draft rules for real estate ownership by listed firms and funds
Saudi Arabia’s Capital Market Authority seeks feedback on draft controls for real estate ownership by listed companies, funds and SPEs The post Saudi Arabia opens consultation on draft rules for real estate ownership by listed firms and funds appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
December 31, 2025 in Business News -
UAE strengthens Egypt ties with CEPA negotiations
High-level delegation in Cairo signals push to unlock new investment and growth The post UAE strengthens Egypt ties with CEPA negotiations appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 30, 2025 in Business News -
Oil prices little changed as investors seek clarity on Russia-Ukraine talks
Oil prices were little changed on Tuesday, 30 December, following a gain of more than 2% in the previous session after Russia accused Ukraine of attacking President Vladimir Putin’s residence and investors sought clarity on Ukraine peace talks to gauge potential supply disruptions. Oil prices were little changed on Tuesday following a gain of more
December 30, 2025 in Investments -
Naam Creations launches ‘Naam Homes’ to redefine bespoke residential living in the UAE
Naam Creations launches Naam Homes, introducing an in-house design-to-build model delivering personalised, high-end residential interiors across the UAE The post Naam Creations launches ‘Naam Homes’ to redefine bespoke residential living in the UAE appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 29, 2025 in Business News -
$5.15m funding committed to industrial-scale green ammonia project in Namibia
A development funding agreement between with SDG Namibia One Fund and Zhero Europe will advance the development of the Zhero Molecules Walvis Bay Project. SDG Namibia One Fund has committed up to $5.15m to support the Zhero Molecules Walvis Bay Project, an industrial-scale green ammonia project on Namibia’s central coast.(Image source: © Mining and Energy
December 29, 2025 in Energy -
Kuwait launches digital services to streamline expat visa procedures
New online platforms enable civil sector employees to process residency permits without visiting government offices The post Kuwait launches digital services to streamline expat visa procedures appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 29, 2025 in Business News -
GCC outbound tourism market forecast to reach $138bn by 2033
Growing appetite for international travel among GCC residents drives projected 7.1% annual growth rate, supported by budget carriers and liberalised visa regimes The post GCC outbound tourism market forecast to reach $138bn by 2033 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 28, 2025 in Business News -
UAE stock markets slip on thin year-end trading despite weekly gains
Abu Dhabi and Dubai indices close lower on Friday but post positive weekly performance amid oil price rebound The post UAE stock markets slip on thin year-end trading despite weekly gains appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 27, 2025 in Business News -
Your car is about to become part of the internet
As autonomous vehicles roll out across Abu Dhabi, China and the US, Silicon Valley veteran Sven Beiker warns self-driving cars are just the beginning. When roads become an extension of the internet, the real question will be whether society can handle what comes next The post Your car is about to become part of the
December 27, 2025 in Business News -
Saudi astronauts deliver first space research breakthrough
Eleven scientific papers and a patent emerge from experiments conducted during the Kingdom’s SSA-HSF1 mission aboard the International Space Station The post Saudi astronauts deliver first space research breakthrough appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 26, 2025 in Business News -
19th Real Estate Development Summit Saudi Arabia highlights Vision 2030 momentum and $2tn pipeline
The post 19th Real Estate Development Summit Saudi Arabia highlights Vision 2030 momentum and $2tn pipeline appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 26, 2025 in Business News -
Saudi tax authority warns of penalties for late VAT filing by large businesses
Saudi Arabia’s ZATCA urges VAT-registered firms with revenues above $10.7m to file returns by December 31 to avoid penalties The post Saudi tax authority warns of penalties for late VAT filing by large businesses appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 25, 2025 in Business News -
UAE branded real estate investments surge as Dubai, Abu Dhabi and Ras Al Khaimah drive luxury growth
UAE branded residences gain momentum as Dubai, Abu Dhabi and RAK see rising demand from global wealth migration The post UAE branded real estate investments surge as Dubai, Abu Dhabi and Ras Al Khaimah drive luxury growth appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 24, 2025 in Business News -
The Western Cape’s property market: A hotspot for 2026
As 2025 draws to a close, the Western Cape’s property market stands out for its resilience and growth. Bolstered by strong consumer confidence and a persistent supply-demand gap, Cape Town has outperformed other provinces, setting the stage for sustained demand, brisk sales, and a bullish outlook for 2026 across luxury and mid-market segments. Source: Supplied.
December 24, 2025 in Property & Real Estate -
Gold expected to continue rising in 2026
Gold is expected to continue rising in 2026, with a base-case scenario of $4,900 per ounce, accompanied by risks to the upside. Gold has been predicted to keep rising in 2026. Pictured: Gold mining in South Africa In general, the year-end rally in precious metals has been fueled by increased expectations of more US Federal
December 24, 2025 in Investments -
Dubai real estate: Palm Jumeirah plot trades for $24m in record 2025 deal
B1 Properties brokered a $24m Palm Jumeirah plot sale, the highest price-per-square-foot transaction recorded in Dubai in 2025 The post Dubai real estate: Palm Jumeirah plot trades for $24m in record 2025 deal appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 24, 2025 in Business News -
UAE Central Bank shuts down Omda Exchange, slaps $2.7m penalty
The UAE Central Bank has revoked Omda Exchange’s licence, removed it from the register and imposed a $2.7m penalty The post UAE Central Bank shuts down Omda Exchange, slaps $2.7m penalty appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 23, 2025 in Business News -
Coal remains essential to keeping the lights on and economic development
Energy security takes centre stage as global coal demand hits record high in 2025 (Image source: © Future Coal Future Coal The findings of the International Energy Agency’s (IEA) latest annual coal report reinforce the reality that coal remains a critical pillar of energy security, industrial competitiveness, and economic development. At a time of increasing
December 23, 2025 in Investments -
AB Majlis podcast: Binance’s Jessica Walker on education, trust and building crypto confidence in the Middle East
The global media and content lead at Binance discusses tackling misconceptions, localising crypto education and strengthening trust as digital assets gain mainstream traction across the region The post AB Majlis podcast: Binance’s Jessica Walker on education, trust and building crypto confidence in the Middle East appeared first on Arabian Business: Latest News on the Middle
December 22, 2025 in Business News -
Two of five bridges in Trade Centre Roundabout project opened ahead of schedule
RTA updates that all five bridges, being built at a cost of $189.5mn and benefiting over half a million Dubai population, will be completed by October 2026 The post Two of five bridges in Trade Centre Roundabout project opened ahead of schedule appeared first on Arabian Business: Latest News on the Middle East, Real Estate,
December 22, 2025 in Business News -
Abu Dhabi pet owners take note…regulatory changes made to veterinary practices
ADAFSA licence now mandatory for every establishment; Prior authorisation needed before appointing veterinarians; Fines announced for violators The post Abu Dhabi pet owners take note…regulatory changes made to veterinary practices appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 21, 2025 in Business News -
Nine major pharma companies agree to a deal with Trump to lower prices in the US
The companies will lower prescription drug prices for American users in line with the lowest prices paid by other developed nations The post Nine major pharma companies agree to a deal with Trump to lower prices in the US appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.
December 21, 2025 in Business News -
Mubadala and Barings launch $500mn real estate debt partnership
It will bring together Barings’ extensive expertise in real estate debt with Mubadala’s global investment platform The post Mubadala and Barings launch $500mn real estate debt partnership appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 20, 2025 in Business News -
HCLTech and OpenAI: Transforming Enterprise AI Adoption at Scale
HCLTech is integrating OpenAI models into its proprietary platforms including AI Force, AI Foundry, AI Engineering and more than 30 industry-specific accelerators The post HCLTech and OpenAI: Transforming Enterprise AI Adoption at Scale appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 19, 2025 in Business News -
South African fintech Bridgement earns global recognition as SME business loan innovation accelerates
“With economic pressure intensifying for South African SMEs, Bridgement’s consistent recognition reflects the fact that businesses are increasingly looking for more flexible and data-driven funding models over antiquated banking processes,” comments Jordan Leighton, Bridgement’s head of business development and partnerships. Global awards highlight a new trend in SME business loans This year saw Bridgement awarded
December 19, 2025 in Investments -
Dubai announces early school finishes on Fridays from January 2026
Dubai schools will close earlier on Fridays starting in January 2026 says Knowledge and Human Development Authority The post Dubai announces early school finishes on Fridays from January 2026 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 19, 2025 in Business News -
MoHRE cuts processing times with AI as automated transactions hit 13m
Smart systems are supporting labour market competitiveness and round-the-clock service delivery The post MoHRE cuts processing times with AI as automated transactions hit 13m appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 18, 2025 in Business News -
Chivas Regal launches Chivas Regal Crystalgold, a spirit innovation with Charles Leclerc
Chivas Regal introduces Chivas Regal Crystalgold, a crystal-clear, ultra-smooth spirit blending innovation and craftsmanship, unveiled with Global Brand Ambassador Charles Leclerc The post Chivas Regal launches Chivas Regal Crystalgold, a spirit innovation with Charles Leclerc appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 17, 2025 in Business News -
McCain SA to sell vegetable operations to Enduring Ventures
US-based entrepreneurial holding company, Enduring Ventures has announced it plans to acquire the vegetable manufacturing operations of McCain South Africa. The deal will include the acquisition of well-known Harvestime brand. Enduring Ventures, which has existing interests in South Africa, intends to expand the portfolio through a new premium range of frozen vegetables. Image source: chandlervid85
December 17, 2025 in Manufacturing -
#BestofBiz 2025: Finance
We’ve compiled our annual #BestofBiz 2025 lists across all our industries featuring our most popular articles, most-read contributors and company news. Discover the most read content on Bizcommunity’s Finance & Insurance site over the past year below. Most-read stories Most-read contributors Most-viewed Press Offices View the most-read lists for our other industries: Marketing & Media,
December 17, 2025 in Venture Capital -
Manchester City posts $931m revenue despite trophyless season, club confirms
Manchester City records $931m revenue in 2024–25 despite no silverware, as investment, infrastructure and fan engagement advance The post Manchester City posts $931m revenue despite trophyless season, club confirms appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 17, 2025 in Business News -
Blacklane partners with The Helicopter Company to launch luxury air-to-ground mobility in Saudi Arabia
Blacklane and The Helicopter Company have partnered to integrate chauffeur and helicopter services in Saudi Arabia The post Blacklane partners with The Helicopter Company to launch luxury air-to-ground mobility in Saudi Arabia appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 16, 2025 in Business News -
UAE weather: Rain forecast on Tuesday and Wednesday
The UAE National Centre of Meteorology forecasters expect more rain, clouds and strong winds across the country this week The post UAE weather: Rain forecast on Tuesday and Wednesday appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 16, 2025 in Business News -
Rand gains as gold shines and investors eye year’s final economic data
The South African rand gained in early trade on Monday, 15 December, supported by higher gold prices as local investors look towards the year’s last bit of economic data for clues on the health of Africa’s most industrialised economy. At 7.01 GMT, the rand traded at 16.84 against the dollar, about 0.2% firmer than its
December 15, 2025 in Investments -
UAE drivers to turn fuel spend into property stakes
Emarat and PRYPCO launch the country’s first rewards scheme that converts petrol points into real estate investment The post UAE drivers to turn fuel spend into property stakes appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 15, 2025 in Business News -
UAE introduces 10 major law changes reshaping tax, business and justice
UAE issues 10 Federal Decree-Laws covering VAT, drugs, business, child welfare, justice, tax, health and trade in major legislative overhaul The post UAE introduces 10 major law changes reshaping tax, business and justice appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 14, 2025 in Business News -
Dubai real estate sector recorded $7.1bn of transactions last week, including $150m Bugatti apartment
The Dubai real estate sector saw $7.1bn of transactions and 4,467 sales last week, including an apartment sold for $150m The post Dubai real estate sector recorded $7.1bn of transactions last week, including $150m Bugatti apartment appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 14, 2025 in Business News -
UAE amends child protection law to expand custody options for children of unknown parentage
UAE issues Federal Decree-Law strengthening child protection and expanding custody options for children of unknown parentage The post UAE amends child protection law to expand custody options for children of unknown parentage appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 13, 2025 in Business News -
UAE anti-narcotics authority and Central Bank team up for war on drugs and financial crime
UAE anti-narcotics authority and Central Bank discuss stronger cooperation to combat narcotics-related financial crimes The post UAE anti-narcotics authority and Central Bank team up for war on drugs and financial crime appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 12, 2025 in Business News -
Shumani boosts South African industry with new forklift range
Shumani Industrial Equipment enters 2026 with confidence, unveiling advanced reach stackers and an expanded Bheka range. As market conditions improve, the black-owned company is investing in technology, efficiency, and people to accelerate growth and strengthen its position in South Africa’s industrial equipment sector. Source: Supplied. Shumani Industrial Equipment managing director, Victor Nemukula. Managing director, Victor
December 12, 2025 in Manufacturing -
Navigating volatility and the future of finance with insights from amana
Muhammad Rasoul, CEO of amana, urges investors to prioritise long-term thinking, financial discipline, and technology-driven strategies to navigate volatility and build resilient portfolios The post Navigating volatility and the future of finance with insights from amana appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 12, 2025 in Business News -
Parkin signs major 5-year deal with DAMAC to manage 3,600 parking spaces across Dubai and Abu Dhabi
Parkin signs agreement with DAMAC to manage 3,600 parking spaces across Dubai and Abu Dhabi, marking entry into capital The post Parkin signs major 5-year deal with DAMAC to manage 3,600 parking spaces across Dubai and Abu Dhabi appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
December 11, 2025 in Business News -
What every savvy buyer should know
As distressed and repossessed properties gain momentum heading into 2026, South Africans are turning to these lower-cost opportunities for smarter market entry. Yet unlocking real value demands careful budgeting, clarity on risks and costs, and guidance from experienced professionals. Source: Supplied. Purchasing in this sector requires clear expectations, careful budgeting and an understanding of the
December 11, 2025 in Property & Real Estate -
UAE, Saudi Arabia, Qatar, Kuwait and Bahrain cut key interest rates by 25bps following US Fed move
GCC central banks, including the UAE, Saudi Arabia, Qatar, Kuwait and Bahrain, cut key interest rates by 25bps after US Fed decision The post UAE, Saudi Arabia, Qatar, Kuwait and Bahrain cut key interest rates by 25bps following US Fed move appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance,
December 11, 2025 in Business News -
Parliament presses PIC over MetroFibre deal and R1.4bn indemnity
As MDNtv Accountability & Power Watch, we are closely monitoring Parliament’s scrutiny of the Public Investment Corporation’s (PIC) handling of its MetroFibre Networx investment. Members of the Standing Committee on Finance have raised serious questions about a R1.4bn legal indemnity extended to MetroFibre, reportedly without PIC board approval or a clear rationale. ATM president and
December 10, 2025 in Investments -
MENA region set to outpace global growth in 2026 on back of investment and AI adoption
Mastercard Economics Institute forecasts 3.6% regional expansion as Gulf states channel resources into renewables and technology whilst non-oil sectors gain momentum The post MENA region set to outpace global growth in 2026 on back of investment and AI adoption appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.
December 10, 2025 in Business News -
Bahrain announces 2025 National Day holiday
Bahrain reveals dates for National Day holiday in the Kingdom, two-day break confirmed for December 16 and 17 The post Bahrain announces 2025 National Day holiday appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 9, 2025 in Business News -
Standing strong together: Why protecting your workers matters more than ever
When we talk about financial wellness in South Africa, the conversation often drifts toward familiar territory: budgeting, debt, savings, maybe even retirement planning if things are going well. But those ideas usually centre on people who work behind desks, with access to HR teams, online portals, and structured benefits. The reality looks very different for
December 9, 2025 in Manufacturing -
AB Majlis podcast: Hassan Ali talks about transforming internal audit and embracing AI at Mashreq
Hassan Ali, Group Chief of Internal Audit at Mashreq, discusses the transformation of audit amid the bank’s digital evolution, outlining how AI, agility and culture are redefining assurance in the modern financial landscape. The post AB Majlis podcast: Hassan Ali talks about transforming internal audit and embracing AI at Mashreq appeared first on Arabian Business:
December 9, 2025 in Business News -
Dubai real estate sector recorded $2.9bn of transactions last week, including $39m Jumeirah apartment
The Dubai real estate sector saw $2.9bn of transactions and 2,706 sales last week, including an apartment sold for $39.4m The post Dubai real estate sector recorded $2.9bn of transactions last week, including $39m Jumeirah apartment appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 8, 2025 in Business News -
Elon Musk denies $800bn SpaceX valuation reports, but stays mum on IPO
The $800bn valuation would have put the rocket manufacturers ahead of ChatGPT-parent OpenAI, which was valued at $500bn as of October The post Elon Musk denies $800bn SpaceX valuation reports, but stays mum on IPO appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 7, 2025 in Business News -
GCCA hails Supreme Council decision to establish GCC Civil Aviation Authority
The new GCC Civil Aviation Authority headquarters will be based in the UAE; Al Marri says it is a “pivotal milestone in the journey of joint Gulf cooperation” The post GCCA hails Supreme Council decision to establish GCC Civil Aviation Authority appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance,
December 7, 2025 in Business News -
Emaar unveils Dubai Square, the world’s first drive-through mall
The new mall, spread over 2.6mn sqmt area, will be the centrepiece of the $49bn Dubai Creek Harbour mega-project; Expected to be completed in three years The post Emaar unveils Dubai Square, the world’s first drive-through mall appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 6, 2025 in Business News -
World Cup 2026 Draw: Saudi Arabia, Qatar, Morocco, Egypt, Algeria, Jordan fixtures revealed
World Cup 2026 draw reveals group stages for FIFA international football competition after star-studded ceremony in Washington, USA The post World Cup 2026 Draw: Saudi Arabia, Qatar, Morocco, Egypt, Algeria, Jordan fixtures revealed appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 6, 2025 in Business News -
South Africa’s young workforce gets a boost from private equity investments
Private equity is emerging as a powerful catalyst for South Africa’s economic transformation, unlocking opportunities for young workers, strengthening supply chains, and reshaping leadership teams. Its active ownership model enables meaningful change in sectors where traditional corporate pathways have struggled to advance inclusion. Source: Supplied. Mbongeni Madonsela, partner at Resolve. This is according to Mbongeni
December 5, 2025 in Investments -
Etihad to welcome over 2 million December passengers as winter travel demand soars
Etihad Airways expects over 2 million travellers in December as Abu Dhabi’s festive-season demand rises, urging guests to use digital services The post Etihad to welcome over 2 million December passengers as winter travel demand soars appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 4, 2025 in Business News -
Google-GS1 collab brings medical product info to smartphones
Through a new collaboration between GS1 Global, the global organisation behind the barcode, and Google, healthcare professionals and their patients can access medical product information with their smartphones. Paving the way for broader digital access to trusted medical product information, this new capability enables access via Google Lens. Image credit: GS1 The collaboration with Google’s
December 4, 2025 in Manufacturing -
Euro hits almost seven-week high, dollar broadly lower
The euro hit an almost seven-week high against the dollar on Wednesday, 3 December 2025 boosted by data showing an expansion in euro zone business activity, while weaker than expected US jobs data and expectations of further US rate cuts weighed on the dollar. Source: Reuters. Business activity in the euro zone expanded at its
December 4, 2025 in Investments -
Dubai real estate: $245m Franck Muller Yachting branded real estate development sold out breaking ground
Franck Muller Yachting, a $245m Dubai Maritime City development by London Gate and Franck Muller, sold out before construction begins The post Dubai real estate: $245m Franck Muller Yachting branded real estate development sold out breaking ground appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 4, 2025 in Business News -
Buro Happold wins contract to design Expo 2030 Riyadh master plan
Will provide design and technical services, focus on event requirements and legacy phase elements, and detailed design of the complete infrastructure The post Buro Happold wins contract to design Expo 2030 Riyadh master plan appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 3, 2025 in Business News -
First UAE holiday of 2026 dates revealed
Workers in the UAE can already look forward to the first official holiday of 2026, with Thursday, January 1 a day off to mark New Year The post First UAE holiday of 2026 dates revealed appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 2, 2025 in Business News -
TotalEnergies-led Mozambique LNG project loses R2.2bn backing
Britain and the Netherlands are withdrawing a combined $2.2bn in support for the TotalEnergies-led Mozambique LNG project, they said separately, after both hired firms to probe human rights concerns surrounding the development. Image credit: Reuters/Stephanie Lecocq/File Photo Britain’s government said it was rescinding its $1.15bn backing for the project after promising in 2020 a $300m
December 2, 2025 in Investments -
Abu Dhabi unveils new Healthy Living Strategy to tackle obesity, diabetes and chronic disease
Abu Dhabi launches Healthy Living Strategy to improve prevention, nutrition, physical activity and long-term wellbeing The post Abu Dhabi unveils new Healthy Living Strategy to tackle obesity, diabetes and chronic disease appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 2, 2025 in Business News -
UAE strengthens global leadership in competitiveness, AI and space says Eid Al Etihad 2025 report
UAE marks Eid Al Etihad with world-leading rankings in competitiveness, AI readiness, digital government, renewables and space The post UAE strengthens global leadership in competitiveness, AI and space says Eid Al Etihad 2025 report appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
December 1, 2025 in Business News -
Surpassing market forecasts, Fairvest marks a milestone with its 2025 performance
Fairvest Limited’s latest results, announced for the year ended 30 September 2025, underscore its disciplined execution of a clear strategy supported by a strong operating platform, delivering distributions ahead of guidance and reinforcing its capacity for sustained, future-focused growth across its evolving retail-focused property portfolio. Source: Supplied. Nquthu Shopping Centre. It reported an annual distribution
December 1, 2025 in Property & Real Estate -
UAE–Cambodia CEPA to drive non-oil trade beyond $1bn by 2030
Cambodia’s Chamber of Commerce President says the UAE and Cambodia CEPA will push non-oil trade beyond $1bn by 2030 The post UAE–Cambodia CEPA to drive non-oil trade beyond $1bn by 2030 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 30, 2025 in Business News -
Riyadh to launch major King Khalid International Airport terminal transformation in Q1 2026
Riyadh will launch a major terminal transformation at King Khalid International Airport in Q1 2026, boosting capacity The post Riyadh to launch major King Khalid International Airport terminal transformation in Q1 2026 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 30, 2025 in Business News -
UAE issues major tax rule change from January 1, 2026
The UAE has issued major amendments to its tax procedures, introducing new rules on refunds, limitation periods and FTA powers The post UAE issues major tax rule change from January 1, 2026 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 29, 2025 in Business News -
Dubai wealth migration; Alcohol shops in Saudi Arabia report; UAE petrol prices; Real estate ‘golden triangle’ explained – 10 things you missed this week
Dubai record budget, UAE real estate shifts, billionaire migration, Saudi alcohol store reports, fintech updates The post Dubai wealth migration; Alcohol shops in Saudi Arabia report; UAE petrol prices; Real estate ‘golden triangle’ explained – 10 things you missed this week appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance,
November 29, 2025 in Business News -
Finance sector makes most ‘spam phone calls’ in UAE
UAE has one of the region’s lowest rates of unsolicited phone calls, but the finance sector is the biggest offender says Truecaller The post Finance sector makes most ‘spam phone calls’ in UAE appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 28, 2025 in Business News -
The chill between South Africa and the US post-G20
The recent G20 summit held in Johannesburg put a spotlight on South Africa’s aspirations but sadly, it also magnified the increasing discord between Pretoria and Washington. As the summit unfolded, its themes of solidarity, equality, and sustainability resonated. However, they drew sharp rebuke from the Trump administration, signalling a frosty period ahead in US-South Africa
November 28, 2025 in Investments -
VSL Manufacturing unveils R750m plant to power Isuzu SA supply chain
VSL Manufacturing has opened a new R750m automotive manufacturing facility alongside the Isuzu Motors South Africa (Imsaf) assembly plant in Struandale, strengthening localisation, industrial capacity and job retention in the Eastern Cape. Image supplied The facility will support the production of components for the Isuzu D-Max and forms part of a strategy to deepen local
November 28, 2025 in Manufacturing -
South Africa producer inflation rises to 2.9% y/y in October
<p><img src=”https://biz-file.com/c/2511/796486-240×135.jpg?5″ width=”240″ height=”135″ alt=”Source: Reuters.” align=”left”><br><span >Source: Reuters.</span><p>South Africa's producer inflation was at 2.9% year on year in October, up from 2.3% in September, statistics agency data showed on Thursday, 27 November 2025.</p><br> <a href=”https://www.bizcommunity.com/article/south-africa-producer-inflation-rises-to-29-yy-in-october-396428a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=263773″>Email</a></p><div style="clear:left"></div> Source link
November 28, 2025 in Investments -
Sharjah approves $41m traffic plan to ease congestion on major roads
Sharjah Ruler approves $40.8m roadworks, including upgrades to Sharjah Ring Road and new bridges to ease congestion The post Sharjah approves $41m traffic plan to ease congestion on major roads appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 27, 2025 in Business News -
Defending property as an asset class
IGrow champions property investment, not to dismiss other asset classes, but to recognise that while markets fluctuate, people always need homes, land is always finite, and disciplined use of finance remains the most powerful tool available to ordinary investors. A lasting foundation in an uncertain world “Real estate cannot be lost or stolen, nor can
November 27, 2025 in Property & Real Estate -
International buyers fuel South Africa’s property momentum
The Western Cape remains the preferred destination for many overseas buyers, accounting for over 40% of all property transactions above R10m. International investors—especially from Germany, the Netherlands and the UK—continue to pour billions into South Africa, with interest also rising in KwaZulu-Natal and Gauteng. Source: Supplied. “But we’re also seeing growing interest in high-demand regions
November 27, 2025 in Property & Real Estate -
Dubai sets target to double media sector GDP contribution as Sheikh Ahmed orders digital acceleration
Dubai aims to double its media sector GDP share to 3 per cent by 2033, as Sheikh Ahmed reviews KPIs and investment plans The post Dubai sets target to double media sector GDP contribution as Sheikh Ahmed orders digital acceleration appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and
November 27, 2025 in Business News -
Abu Dhabi unveils Machines Can Think 2026 with top AI researchers and Big Tech leaders
Machines Can Think 2026 will bring global AI researchers, Big Tech leaders and innovators to Abu Dhabi for a two-day summit The post Abu Dhabi unveils Machines Can Think 2026 with top AI researchers and Big Tech leaders appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
November 26, 2025 in Business News -
How South Africa’s G20 triumph defied a US boycott
The G20 Leaders’ summit can be deemed a success from South Africa’s perspective, delivering a unified G20 declaration despite geopolitical tensions and a US boycott. Source: Reuters. It showcased the resilience of global multilateralism and strengthened South Africa’s international standing at a pivotal moment for global co-operation. The G20 is often framed in purely economic
November 26, 2025 in Investments -
Midvaal Hospital goes green with Standard Bank’s R34m support
Standard Bank provided funding for Midvaal Private Hospital’s installation of a new R34m renewable energy system. It will increase energy stability for key medical services and the long-term viability of both the hospital and the community it serves in Vereeniging. Image supplied. The solution includes a 1.2 megawatt (MW) Solar photovoltaic (PV) installation and a
November 26, 2025 in Investments -
A practical guide to building a better credit score in South Africa
A good credit score isn’t just a number – it’s a quiet little passport to the life you truly want. It can help you get approved for a car, a home, or even that store account you’ve been eyeing. It can also save you money through better interest rates and smoother approvals. But here’s the
November 26, 2025 in Venture Capital -
Elite Group Holding and Jetour UAE celebrate the global launch of the all-new Jetour G700 at Bab Al Shams Arena, Dubai
The Jetour G700 is engineered as a powerful, all-terrain, premium off-road SUV, delivering 904 Ps and 1135 Nm of torque. The post Elite Group Holding and Jetour UAE celebrate the global launch of the all-new Jetour G700 at Bab Al Shams Arena, Dubai appeared first on Arabian Business: Latest News on the Middle East, Real
November 25, 2025 in Business News -
UAE Black Friday shoppers prioritise experience over deep discounts, says Initials Middle East
Retailers urged to view Black Friday as a test of customer experience rather than a one-day sales spike The post UAE Black Friday shoppers prioritise experience over deep discounts, says Initials Middle East appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 25, 2025 in Business News -
Qatar Airways boosts winter capacity with more flights to Kuala Lumpur, Lagos, Shanghai and Singapore
Qatar Airways increases winter frequencies to Kuala Lumpur, Lagos, Shanghai and Singapore, adding nearly 3,000 extra international flights The post Qatar Airways boosts winter capacity with more flights to Kuala Lumpur, Lagos, Shanghai and Singapore appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 24, 2025 in Business News -
SA, EU sign “unprecedented agreement” on critical minerals
South Africa and the European Union vowed to defend multilateralism as they signed a partnership on critical minerals in the lead-up to the G20 Summit, which concluded in Johannesburg yesterday. President Cyril Ramaphosa, European Commission President Ursula von der Leyen and European Council President Antonio Costa attend a EU-South Africa summit, ahead of the G20
November 24, 2025 in Investments -
UAE and EU policymakers meet in Dubai to discuss SAF adoption
Leaders and experts discuss scaling up SAF production, enabling policy frameworks, and strengthening cross-regional partnerships The post UAE and EU policymakers meet in Dubai to discuss SAF adoption appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 24, 2025 in Business News -
Major shake-up in UK newspaper industry as Daily Mail agrees to buy The Telegraph
DMGT says it has signed an agreement with Redbird IMI over the acquisition of the Telegraph Media Group for US$650 million The post Major shake-up in UK newspaper industry as Daily Mail agrees to buy The Telegraph appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 23, 2025 in Business News -
EGH’s newly launched Atherion Aerospace to use MBRAH’s Dubai South facilities
The UAE conglomerate – which has 109 businesses across the region – enters advanced aerospace manufacturing services The post EGH’s newly launched Atherion Aerospace to use MBRAH’s Dubai South facilities appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 22, 2025 in Business News -
Dubai partners to launch PropTech Sandbox as DFF and DLD accelerate real estate innovation
Dubai Future Foundation and Dubai Land Department launch PropTech Sandbox to test technologies and boost real estate innovation The post Dubai partners to launch PropTech Sandbox as DFF and DLD accelerate real estate innovation appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 22, 2025 in Business News -
Dubai marks milestone as $354m road and tunnel works cut delays from 12 minutes to 90 seconds
Sheikh Hamdan approves Dubai architectural identity as $354m road upgrades, bridges and tunnels progress, set to slash travel times The post Dubai marks milestone as $354m road and tunnel works cut delays from 12 minutes to 90 seconds appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
November 21, 2025 in Business News -
Anglo American to drive inclusive growth in SA with help from the UK
The UK’s Foreign, Commonwealth and Development Office (FCDO) will provide financial assistance to drive inclusive growth and sustainable development through Anglo American’s Impact Finance Network (IFN) in South Africa. Nolitha Fakude, chair of Anglo American in South Africa. Image credit: Anglo American Nolitha Fakude, chair of Anglo American in South Africa, said, “In South Africa,
November 21, 2025 in Investments -
Dubai ‘truck ban’ slashes traffic incidents and speeds up journey times
Dubai saw traffic incidents fall and speeds rise after expanded truck restrictions on Emirates Road, RTA and Dubai Police report The post Dubai ‘truck ban’ slashes traffic incidents and speeds up journey times appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 20, 2025 in Business News -
A new chapter for the South African economy?
South African Reserve Bank Governor Lesetja Kganyago delivered the final Monetary Policy Statement of 2025 on Thursday, 20 November, announcing a 25 basis point cut to the policy rate, bringing it to 6.75% (from 7.00%), and prime to 10.25% (from 10.50%) with immediate effect. The decision was unanimous. Source: Reuters. Members agreed there was scope
November 20, 2025 in Property & Real Estate -
Saudi corporates expected to boost cross-border bond issuance as funding needs grow – report
Vision 2030 projects and high investment demand to drive borrowing and external debt, says S&P Global Ratings The post Saudi corporates expected to boost cross-border bond issuance as funding needs grow – report appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 20, 2025 in Business News -
Patrice Motsepe announces Harmony Gold’s “huge investment”
Harmony Gold chairman Patrice Motsepe said that the company is evaluating a substantial copper venture in Papua New Guinea in partnership with US mining giant Newmont Corporation. “There’s a huge investment that we are currently looking at in Papua New Guinea,” Motsepe said at the Bloomberg Africa Business Summit 2025 in Johannesburg. “We’ve got a
November 20, 2025 in Venture Capital -
Africa expert panel proposes a new G20 debt refinancing initiative
The Group of 20 major economies should team up with the International Monetary Fund and others to launch a new debt-refinancing plan for low-income countries hit by heavy debt repayments, a panel of Africa experts said on Tuesday, 18 November 2025. Source: WDG Architecture. International Monetary Fund headquarters. “This proposal would focus on refinancing rather
November 20, 2025 in Investments -
UAE launches $10bn investment fund as it eyes $600bn FDI target for 2031
The UAE has launched a $10bn National Investment Fund as it eyes $600bn in FDI by 2031, Cabinet approves economic strategies The post UAE launches $10bn investment fund as it eyes $600bn FDI target for 2031 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 19, 2025 in Business News -
Riyadh Air signs major deal for 120 CFM engines to power new Airbus A321neo fleet
Riyadh Air orders 120 CFM LEAP-1A engines to power 60 Airbus A321neos, boosting efficiency as Saudi carrier expands fleet The post Riyadh Air signs major deal for 120 CFM engines to power new Airbus A321neo fleet appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 19, 2025 in Business News -
Luxury spending slowdown masks rise of a broader buyer base, Visa says
Visa data show luxury purchases are spreading beyond the ultra-rich as middle-class consumers and younger generations enter the market despite 2025’s spending slowdown The post Luxury spending slowdown masks rise of a broader buyer base, Visa says appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 18, 2025 in Business News -
Pick n Pay’s founders sell 64 million shares, lose majority control
Pick n Pay’s founding Ackerman family has sold about 64 million shares, more than a year after pledging to cede control of the struggling grocer. Source: Reuters/Siphiwe Sibeko In May 2024, the Ackerman family said it will relinquish control of Pick n Pay as part of a revamp aimed at stemming losses, cutting debt, and
November 18, 2025 in Investments -
UAE signs $1bn in defence deals at Dubai Airshow 2025
Tawazun signs $1bn in defence contracts on day one of Dubai Airshow 2025, strengthening UAE procurement and capabilities The post UAE signs $1bn in defence deals at Dubai Airshow 2025 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 17, 2025 in Business News -
Middle East to require 4,080 new aircraft as aviation demand accelerates, says Airbus
Airbus forecasts Middle East fleets will rise to 3,700 aircraft by 2044 creating 265,000 new aviation jobs The post Middle East to require 4,080 new aircraft as aviation demand accelerates, says Airbus appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 17, 2025 in Business News -
Dubai completes first crewed eVTOL air taxi flight: journey time, vertiport locations and 320kmph specs revealed
Dubai completes the first crewed eVTOL air taxi flight as RTA confirms journey times and vertiport locations ahead of 2026 launch The post Dubai completes first crewed eVTOL air taxi flight: journey time, vertiport locations and 320kmph specs revealed appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.
November 16, 2025 in Business News -
S&P upgrades South Africa for first time in nearly 20 years as reforms gain traction
South Africa on Friday, 14 November 2025 secured its first credit-rating upgrade in nearly 20 years after S&P Global raised the country’s foreign-currency long-term sovereign rating to “BB” from “BB-“, citing stronger growth prospects, an improving fiscal outlook and reduced contingent liabilities following better performance at state power utility Eskom. Source: Reuters. The National Treasury
November 16, 2025 in Investments -
Six Flags Qiddiya City: Opening date, ticket prices and 28 record-breaking rides revealed
Six Flags Qiddiya City opens December 31, with record-breaking rides. Ticket prices start at $87 for adults and $73 for children The post Six Flags Qiddiya City: Opening date, ticket prices and 28 record-breaking rides revealed appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 15, 2025 in Business News -
Dubai unveils new megaprojects; GCC approves one-stop travel; Oman announces holiday – 10 big stories you missed this week
Catch up on top Gulf stories this week, from new Dubai megaprojects to a one-stop travel system and Oman National Day holiday The post Dubai unveils new megaprojects; GCC approves one-stop travel; Oman announces holiday – 10 big stories you missed this week appeared first on Arabian Business: Latest News on the Middle East, Real
November 15, 2025 in Business News -
Saudi Arabia to issue instant tourist visas through new Visa-card-linked system
Saudi Arabia unveils a world-first ‘Visa by Profile’ system to issue tourist visas in minutes through digital integration with Visa The post Saudi Arabia to issue instant tourist visas through new Visa-card-linked system appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 14, 2025 in Business News -
Resilient Dipula sees earnings rise amidst property sector recovery
Dipula Properties (JSE: DIB) delivered robust FY2025 growth, driven by strategic acquisitions, expanding solar investments and strong second-half momentum. Source: Supplied. Izak Petersen, chief executive officer of Dipula Properties. The award-winning REIT, boasting a 57% CAGR, reported a 5% rise in distributable earnings and 57.26 cents per share. Izak Petersen, chief executive officer of Dipula
November 14, 2025 in Investments -
Stocks crumble as hopes fade for imminent Fed rate cut
Asian shares tumbled on Friday, 14 November 2025 joining a global selloff as hawkish comments from Federal Reserve officials hosed down hopes for a US rate cut next month, while a still-messy data calendar added to the angst. Source: Reuters. MSCI’s broadest gauge of Asian shares outside of Japan slid 1.6% after stocks on Wall
November 14, 2025 in Investments -
Locals angry over TotalEnergies’ enclave model in Mozambique
Hotel manager Fernando Cuna waited four years for TotalEnergies to resume construction of its $20bn liquefied natural gas project on Mozambique’s coast, hoping it would bring clients to the nearby town of Palma. In a province where the average household income is less than $1 per day, locals like Cuna invested in hotels, catering and
November 14, 2025 in Investments -
Dubai real estate: Meraas awards $120m contract for City Walk Northline residential project
Meraas awards $120m contract for City Walk Northline, adding three premium Dubai residential buildings and 304 units by 2027 The post Dubai real estate: Meraas awards $120m contract for City Walk Northline residential project appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 14, 2025 in Business News -
Lulu Retail appoints Al Ramz Capital as liquidity provider on ADX
New agreement aims to enhance trading activity, improve liquidity and strengthen investor confidence in Lulu Retail’s shares listed on the Abu Dhabi Securities Exchange The post Lulu Retail appoints Al Ramz Capital as liquidity provider on ADX appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 13, 2025 in Business News -
A landmark investment opportunity in a mixed-use urban hub
This incentive supports the formal proclamation of the townships and unlocks the potential of bulk infrastructure funding from National Treasury. Service Level Agreements (SLAs) are in the final stages of approval, with limited inputs remaining before final sign-off, ensuring that the groundwork for development is fully aligned with municipal requirements. R42, also known as Barrage
November 13, 2025 in Property & Real Estate -
GCC approves ‘one-stop’ travel system; UAE and Bahrain to pilot historic scheme in 2025
New GCC travel system will allow for simpler movement of citizens across bloc and will launch after trial between UAE and Bahrain The post GCC approves ‘one-stop’ travel system; UAE and Bahrain to pilot historic scheme in 2025 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
November 12, 2025 in Business News -
SAHPRA gives Biovac go-ahead to start oral cholera vaccine trials
Following the recent opening of its new product development laboratory in Cape Town, the South African Health Products Regulatory Authority (SAHPRA) has given Biovac approval to begin clinical trials for its oral cholera vaccine. This is a significant development that could position South Africa as the only African country to manufacture this life-saving vaccine entirely
November 12, 2025 in Manufacturing -
Mattel brings KPop Demon Hunters to life with exclusive Huntr/X collector drop
Following October’s announcement naming Mattel as one of the global co-master toy licensees for KPop Demon Hunters, the brand is turning up the volume with an exclusive collector release… Image supplied This month, Mattel Creations launches the pre-sale of the KPop Demon Hunters Huntr/X “What It Sounds Like” Fashion Doll 3-Pack — a collectible inspired
November 12, 2025 in Manufacturing -
#UnboxingDay 26 December! Win your year’s presence on Biz!
Presents may well be what awaits you this festive season, but a presence on Bizcommunity is the best corporate gift you can give! Every year SA’s TOP 400 companies make Bizcommunity their regular platform of choice in the heart of SA’s business media, where your company news makes the news! Sign up or renew a
November 12, 2025 in Manufacturing -
UAE makes history with first government transaction using Digital Dirham
UAE executes its first government transaction using the Digital Dirham, marking a major step in building national digital economy The post UAE makes history with first government transaction using Digital Dirham appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 12, 2025 in Business News -
South Africa targets Saudi Arabia in trade mission
The Department of Trade, Industry and Competition (the dtic) is this week leading an Outward Selling Mission (OSM) to Riyadh, Saudi Arabia, which kicked off on Monday, 10 November 2025 and will culminate on Wednesday, 12 November 2025. Source: Brookings Institution. The mission aims to strengthen bilateral trade and investment relations between South Africa and
November 11, 2025 in Investments -
Oman announces 4-day holiday
Oman has announced an extended official holiday for the public and private sector to mark National Day 2025 The post Oman announces 4-day holiday appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 11, 2025 in Business News -
Dubai real estate: Mortgage trends by income group reveal key shifts in buyer demand
Dubai mortgage data shows mid-income buyers drive demand as average loan values fall and apartment ownership rises The post Dubai real estate: Mortgage trends by income group reveal key shifts in buyer demand appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 10, 2025 in Business News -
Manufacturing a healthy future for water
Water. The source of life. And currently, the source of consternation across the globe as the increasing scarcity of clean drinking water impacts more and more people. Water security threatens life and how we live in South Africa as much as anywhere else. The president acknowledged this threat in his State of the Nation Address,
November 10, 2025 in Manufacturing -
Hatta’s Al Rayyan Mosque sets third world record with new LEED certification
The DEWA-built mosque receives prestigious Leadership in Energy and Environmental Design Zero Carbon certification from US Green Buildings Council The post Hatta’s Al Rayyan Mosque sets third world record with new LEED certification appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 10, 2025 in Business News -
Vodacom’s interim profit jumps 32% on solid service revenue
Vodacom Group, South Africa’s biggest telecoms operator, reported a nearly 33% jump in interim profit on Monday, 10 November, driven by double-digit service revenue growth and expansion of its financial services. A shopper walks past a Vodacom shop in Johannesburg on 4 February 2015. Reuters/Siphiwe Sibeko The company, majority owned by Britain’s Vodafone, said its
November 10, 2025 in Investments -
Al Hamra Golf Club reopens after major renovation that changed five holes
During the 90-day project, holes 15, 16 and 17 were completely redesigned, while significant changes were made to the sixth and eighth holes The post Al Hamra Golf Club reopens after major renovation that changed five holes appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 9, 2025 in Business News -
Noatum Maritime to provide marine services at Bahrain LNG Import Terminal
Bapco Upstream gives the AD Ports Group company a five-year contract; Strategic entry into the LNG terminal towage sector for Noatum The post Noatum Maritime to provide marine services at Bahrain LNG Import Terminal appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 9, 2025 in Business News -
Metsera says no to Novo; accepts Pfizer’s new acquisition offer of $10bn
Under the terms of the cash deal, Pfizer will pay $65.60 a share upfront and a contingent value right worth up to $20.65 a share The post Metsera says no to Novo; accepts Pfizer’s new acquisition offer of $10bn appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.
November 8, 2025 in Business News -
UAE issues new rules for business centres: MoHRE outlines penalties for fake Emiratisation
MoHRE issues Resolution No. 702 of 2025 defining penalties for UAE business centres violating rules on data privacy The post UAE issues new rules for business centres: MoHRE outlines penalties for fake Emiratisation appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 7, 2025 in Business News -
TFG posts 21.3% fall in half-year profit
South African fashion retailer TFG reported a 21.3% decrease in half-year earnings, as trading conditions remained challenging across Africa, the UK, and Australia with sales supported mainly by the acquisition of British chain White Stuff. Source: Reuters/Siphiwe Sibeko TFG said headline earnings per share fell to 292.6 cents in the six months ended 30 September
November 7, 2025 in Investments -
Botswana and Angola contend for control of De Beers
The mining ministers of Botswana and Angola are set to meet for talks in Botswana’s capital, as the two Southern African countries seek to take control of Anglo American diamond unit De Beers. Image credit: Reuters/Siphiwe Sibeko Botswana, which currently owns 15% of De Beers and contributes 70% of its annual rough diamond production, considers
November 7, 2025 in Investments -
Absa and AGDA push for greater financial inclusion in SA agriculture
Absa and the Agricultural Development Agency (AGDA) recently convened a stakeholder roundtable to explore practical solutions for widening access to finance in South Africa’s agricultural sector. The event brought together banks, policymakers, and agripreneurs to identify pathways for scaling sustainable and inclusive funding models. Leona Archary, CEO of AGDA, highlighted the need to move from
November 7, 2025 in Investments -
Single women drive surge in first-time home purchases — Absa
Female buyers are driving South Africa’s property market, according to Absa’s latest Homeowners Sentiment Index, which shows women make up more than half of all first-time homebuyer applications in 2025 — underscoring growing confidence and independence among single women entering the housing market. Source: Pexels. “We’ve seen strong optimism in the property market hold steady
November 7, 2025 in Property & Real Estate -
ADIPEC 2025 generates $46bn in deals as Abu Dhabi powers global energy leadership
ADIPEC 2025 generated $46bn in deals and drew 239,709 attendees, reinforcing Abu Dhabi’s role as a energy and innovation leader The post ADIPEC 2025 generates $46bn in deals as Abu Dhabi powers global energy leadership appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 7, 2025 in Business News -
Emaar posts $9bn revenue in 9M 2025, up 39%; net profit rises 35%
Emaar reports $9bn revenue and $4.5bn profit in 9M 2025, driven by strong UAE property sales and record $41bn backlog The post Emaar posts $9bn revenue in 9M 2025, up 39%; net profit rises 35% appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 6, 2025 in Business News -
Afreximbank highlights skilled trade-finance workforce
Africa is richly endowed with natural resources such as minerals, hydrocarbons, agricultural commodities, and a growing array of value-added opportunities across energy, metals, and logistics. Source: Supplied. Gwen Mwaba, Managing Director: Trade Finance and Correspondent Banking; Afreximbank These resources present immense potential for development when they are financed responsibly, efficiently, and with rigorous risk management.
November 6, 2025 in Manufacturing -
UAE announces $46.3bn transport plan: 12-lane Etihad Road upgrade, Emirates Road expansion, major new 120 km highway mulled
UAE unveils $46.3bn transport plan including a 12-lane Etihad Road upgrade, Emirates Road expansion, and a proposed 120 km highway by 2030 The post UAE announces $46.3bn transport plan: 12-lane Etihad Road upgrade, Emirates Road expansion, major new 120 km highway mulled appeared first on Arabian Business: Latest News on the Middle East, Real Estate,
November 5, 2025 in Business News -
Cell C to list on JSE in major restructuring move
South Africa’s fourth-largest mobile operator Cell C plans to list on the Johannesburg Stock Exchange, it said on Wednesday, 5 November, in a move its CEO said would streamline the company’s balance sheet and boost its growth prospects. Cell C is majority owned by Blue Label Unlimited, which has a 53.57% stake in the mobile
November 5, 2025 in Investments -
Cape Forest Products creates a sustainable timber future
The merger of PG Bison’s Southern Cape sawmilling operations with MTO Forestry Southern and Eastern Cape operations to create a new company, Cape Forests Products, creates a more sustainable timber and sawmilling industry in the Southern Cape. The devastating fires in recent years have severely impacted the forestry and sawmilling operations in the area and
November 5, 2025 in Manufacturing -
Dubai Holding forms JV with Palantir to bring its proven technology to the UAE
Aither will serve as a platform to accelerate AI adoption across industries after exceptional results for Dubai Holding portfolios over last 18 months The post Dubai Holding forms JV with Palantir to bring its proven technology to the UAE appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.
November 5, 2025 in Business News -
Bahrain attracts $4.4bn in new Golden Licence projects to boost tech and real estate growth
Bahrain adds $4.4bn in Golden Licence projects spanning tech, real estate, and green manufacturing, reinforcing investment appeal The post Bahrain attracts $4.4bn in new Golden Licence projects to boost tech and real estate growth appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 4, 2025 in Business News -
South Africa inches closer to end-to-end vaccine manufacturing
The Deputy Minister of Science, Technology and Innovation, Dr Nomalungelo Gina, will deliver the keynote address at the opening of Biovac’s new product development laboratory in Cape Town on Thursday, 6 November 2025. The newly established high-tech laboratory at Biovac, a leading South African biopharmaceutical company, positions South Africa a step closer to achieving end-to-end
November 4, 2025 in Manufacturing -
Global backing for GAIA climate fund reaches $600m at first close
The GAIA Climate Loan Fund (GAIA) has completed its first closing with $600m. This fund will be utilised to provide loans primarily for climate adaptation projects in areas that are most severely affected by climate change and are least equipped to respond. The fund aims to reach a total size of $1.48 billion, with a
November 4, 2025 in Venture Capital -
Pepkor completes R1.7bn acquisition of Retailability brands
South African retailer Pepkor has acquired several fashion brands from privately-owned Retailability as part of its push into the adult clothing market. The Cape Town-based Pepkor has been growing its adultwear categories in recent months through the acquisition of Choice Clothing and the launch of its Ayana womenswear brand. The company, which also sells electronics
November 4, 2025 in Investments -
Chevron sets its sights on West Africa for oil exploration
Chevron is looking to expand its acreage in West Africa, which is a strategic region for the US oil major, a senior executive said after striking a deal to explore for oil in two offshore blocks in Guinea-Bissau. A Chevron logo at the Chevron building in Houston, Texas, US, 19 August 2025. Image credit: Reuters/Kaylee
November 4, 2025 in Investments -
US, Japan, and Eurozone’s central banks diverge in rate policies
After a week of intense policy meetings, the Federal Reserve, European Central Bank, and Bank of Japan have taken divergent paths in tackling economic challenges. Although global growth fears have eased, persistent uncertainty continues to influence their monetary policy decisions. Let’s start with the most important one; the US Federal Reserve cut its policy rate
November 4, 2025 in Investments -
ADIPEC 2025: Dr Sultan Al Jaber calls for ‘pragmatic, not performative’ energy policy; highlights $4tn investment need
Dr Sultan Al Jaber urges energy leaders at ADIPEC 2025 to adopt pragmatic, technology-driven policies and meet $4tn annual investment need The post ADIPEC 2025: Dr Sultan Al Jaber calls for ‘pragmatic, not performative’ energy policy; highlights $4tn investment need appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and
November 3, 2025 in Business News -
Surging gold prices push Switzerland’s reserves to $135bn
After four straight sessions of gold losses, with prices slipping to $3,972 per ounce on the back of a firmer dollar and reduced expectations for Federal Reserve rate cuts, investors are reassessing their positions. Against this backdrop, Paul Hoffman, lead data analyst at BestBrokers, shares insights from the firm’s latest report, which details the countries
November 3, 2025 in Investments -
CCC to execute Saudi Egyptian Developers’ Central project in New Cairo
Total investment for the ambitious 160,000 sqm mixed-use development is expected to exceed $254mn The post CCC to execute Saudi Egyptian Developers’ Central project in New Cairo appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 3, 2025 in Business News -
Aspen Pharmacare reaches €25m settlement in mRNA contract dispute
Aspen Pharmacare said it had reached a €25m settlement in a contractual dispute with a client over a manufacturing and technology agreement for mRNA products. Image credit: Reuters/Dado Ruvic/Illustration The dispute triggered a sharp market reaction when it was first disclosed in April, with Aspen’s shares plunging more than 30% the day after it issued
November 3, 2025 in Manufacturing -
Saudi Arabia’s most punctual airports and airlines revealed
Saudi Arabia’s GACA report names Riyadh, Dammam and AlUla among the most punctual airports, as flyadeal leads airlines for punctuality The post Saudi Arabia’s most punctual airports and airlines revealed appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 2, 2025 in Business News -
Dubai Pre-Owned Boat Show 2025 drops anchor with $55m fleet as maritime growth surges 14%
Dubai Pre-Owned Boat Show 2025 showcases $54.4m fleet as vessel registrations surge 14% and maritime sector powers growth The post Dubai Pre-Owned Boat Show 2025 drops anchor with $55m fleet as maritime growth surges 14% appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 2, 2025 in Business News -
Fitness influencer’s Neutonic drink makes unusual promise
If you don’t like James Smith’s products, he’ll refund you from his own bank account The post Fitness influencer’s Neutonic drink makes unusual promise appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
November 1, 2025 in Business News -
TECOM Group profit jumps 18% to $300m as $1.2bn Dubai expansion drives growth
TECOM Group profit jumps 18% to AED 1.1bn ($299m) in 9M 2025, driven by record occupancy, higher rentals, and AED 4.3bn ($1.17bn) expansion across Dubai’s business districts. The post TECOM Group profit jumps 18% to $300m as $1.2bn Dubai expansion drives growth appeared first on Arabian Business: Latest News on the Middle East, Real Estate,
October 31, 2025 in Business News -
Why heritage homes are the new trendsetters in South Africa’s property market
Heritage architecture provides grounding, telling a story through form, material, and proportion, and when reimagined with sensitivity, can feel both timeless and entirely current. Source: Pexels. .Across South Africa, homes that blend historical craftsmanship with contemporary comfort are increasingly prized, reflecting a renewed appreciation for authenticity, integrity, and a deeper sense of place in modern
October 31, 2025 in Property & Real Estate -
Mozambique deliberates TotalEnergies’ LNG project proposals
Mozambique’s government may have counter-arguments to the updated budget and schedule proposed by TotalEnergies for the liquefied natural gas (LNG) project it is leading in the Southern African country, President Daniel Chapo said. Image credit: Reuters The French oil major told Mozambique’s president last week that the Mozambique LNG consortium estimated its costs had risen
October 31, 2025 in Investments -
DP World to invest $5bn in India to strengthen ports, logistics and maritime trade
DP World to invest $5bn in India, expanding ports, shipbuilding, and logistics infrastructure to boost trade, jobs, and growth The post DP World to invest $5bn in India to strengthen ports, logistics and maritime trade appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 31, 2025 in Business News -
Sharjah real estate embraces AI to improve pricing and transparency ahead of UAE’s first fully AI-run project by 2029
Sharjah real estate integrates AI to improve pricing accuracy and transparency, as District 11 becomes UAE’s first AI-run project by 2029 The post Sharjah real estate embraces AI to improve pricing and transparency ahead of UAE’s first fully AI-run project by 2029 appeared first on Arabian Business: Latest News on the Middle East, Real Estate,
October 30, 2025 in Business News -
FATF delisting breathes life into South African property market
In the wake of five repo cuts since November 2024 and South Africa’s more recent removal from the Financial Action Task Force (FATF) greylist, the country’s residential property sector is open for business, a timely confidence boost for the sector. Source: Supplied. “After almost two years of intense scrutiny and rigorous monitoring, this delisting points
October 30, 2025 in Investments -
WPP Cindy Rose on Q3 performance: &#x201c;There is a lot to do&#x201d;
<p><img src=”https://biz-file.com/c/2510/792966-240×135.jpg?1″ width=”240″ height=”135″ alt=”Chief executive officer of WPP, Cindy Rose, has acknowledged the network’s poor performance as Q3 revenue dropped by 8.4% YoY (Image source: © The Drum )” align=”left”><br><span >Chief executive officer of WPP, Cindy Rose, has acknowledged the network’s poor performance as Q3 revenue dropped by 8.4% YoY (Image source: © The
October 30, 2025 in Investments -
Harmony Gold and others lose mining permits in Mali
Mali has revoked more than 90 mining exploration permits, including those held by subsidiaries of international mining companies, according to an official decree seen by Reuters. Companies affected include local subsidiaries of Harmony Gold, IAMGOLD, Cora Gold, Birimian Gold, and Resolute Mining. The holders failed to comply with new legal requirements, the mines ministry said
October 30, 2025 in Investments -
Syria attracts $28bn in new investments as UAE, Saudi and Qatar drive regional projects
Syria secured $28bn in investments in H1 2025, with major UAE, Saudi and Qatari companies launching multi-billion-dollar projects The post Syria attracts $28bn in new investments as UAE, Saudi and Qatar drive regional projects appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 29, 2025 in Business News -
BAIC to build new SUV locally
BAIC South Africa has confirmed that the all-new B30 SUV will be assembled at the company’s Coega facility in Gqeberha, ahead of its official national launch in November 2025. The announcement follows the vehicle’s first public showing at the Festival of Motoring 2025. BAIC B30 SUV | image supplied Local assembly will start shortly after
October 29, 2025 in Manufacturing -
Ethmar and Al Ain Mills to develop milling facility in Abu Dhabi
The partnership, in collaboration with ADIO, will strengthen Abu Dhabi’s position as a leading regional agri-food hub The post Ethmar and Al Ain Mills to develop milling facility in Abu Dhabi appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 29, 2025 in Business News -
China ready to boost Belt and Road, energy and investment ties with Saudi Arabia, Vice President says
Han Zheng urges nations to reject protectionism and strengthen multilateral cooperation The post China ready to boost Belt and Road, energy and investment ties with Saudi Arabia, Vice President says appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 28, 2025 in Business News -
CSIR’s microencapsulation facility to boost Africa’s beauty industry
The Council for Scientific and Industrial Research (CSIR), following a R25.9m investment from the Department of Science, Technology and Innovation (DSTI), recently unveiled Africa’s first microencapsulation facility, which will make local health and cosmetic manufacturers less reliant on international services. The Supercritical Carbon Dioxide Encapsulation Facility in Pretoria will give local manufacturers access to microencapsulation
October 28, 2025 in Manufacturing -
Saudi Tourism Authority, AROYA Cruises and Major Sports Cruises partner to drive growth in Saudi sports tourism
The partnership supports Vision 2030’s goal to promote Saudi Arabia as a global hub for sport, culture, and entertainment The post Saudi Tourism Authority, AROYA Cruises and Major Sports Cruises partner to drive growth in Saudi sports tourism appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
October 28, 2025 in Business News -
Sheikh Mohammed launches Al Maktoum Archives to preserve Dubai’s legacy
The Al Maktoum Archives will serve as a repository of records and information about Dubai’s rulers and document their historical role in transforming Dubai The post Sheikh Mohammed launches Al Maktoum Archives to preserve Dubai’s legacy appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 27, 2025 in Business News -
Pick n Pay narrows half-year losses
South African grocery retailer Pick n Pay reported a smaller loss before tax, saying it reflected success strategic initiatives. Source: Reuters/Siphiwe Sibeko The country’s third biggest grocery retailer reported a loss before tax and capital items of R317m in the 26 weeks to August 31 compared to a loss of R1.1bn last year. Pick n
October 27, 2025 in Investments -
DAMAC launches unique global competition to become ‘The Ultimate Islander’
Winner will receive an all-expenses trip and become a salaried employee of the company while living on one of their eight islands The post DAMAC launches unique global competition to become ‘The Ultimate Islander’ appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 26, 2025 in Business News -
Mubadala Capital co-leads $1.375bn Series E funding of AI infrastructure company Crusoe
Valor Equity, Nvidia and Supermicro among investors in the AI factory company, which has reached a valuation of $10bn The post Mubadala Capital co-leads $1.375bn Series E funding of AI infrastructure company Crusoe appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 26, 2025 in Business News -
UAE’s e& makes critical switch to Google Apigee Hybrid technology
The company’s large-scale initiative was executed with zero downtime or disruption to customers and partners The post UAE’s e& makes critical switch to Google Apigee Hybrid technology appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 25, 2025 in Business News -
Saudi cinema market sells 90m tickets as box office surges to $1.33bn
Saudi cinema sector sells 90m tickets and hits $1.33bn in box office revenues as the Kingdom strengthens its position as a regional film hub The post Saudi cinema market sells 90m tickets as box office surges to $1.33bn appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source
October 24, 2025 in Business News -
Binance boss CZ ‘grateful’ to Trump after receiving Presidential pardon
Zhao was “prosecuted by the Biden administration in their war on cryptocurrency”, says Karoline Leavitt, the White House press secretary The post Binance boss CZ ‘grateful’ to Trump after receiving Presidential pardon appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 24, 2025 in Business News -
DMCC reports 16% growth in Chinese businesses as Dubai–China trade ties deepen
DMCC has recorded a 16% rise in Chinese companies joining Dubai district, reaching over 1,000 firms as UAE–China trade passes $102bn The post DMCC reports 16% growth in Chinese businesses as Dubai–China trade ties deepen appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 23, 2025 in Business News -
Sanlam-backed CFM’s Climate Investor Two Fund closes at $1bn
Climate Fund Managers (CFM), a climate-focused blended finance investment manager, has announced the $1bn close of its Climate Investor Two (CI2) fund, making it the largest global climate adaptation infrastructure fund focused on emerging markets. The fund blends public and private capital to invest in and co-develop water, waste, and oceans infrastructure in emerging markets,
October 23, 2025 in Venture Capital -
Sharjah real estate: Alef Group expands $681m Olfah community with launch of Phase 2
Alef Group expands $681m Olfah community in Sharjah with the launch of Phase 2, adding new apartments to forest-inspired project The post Sharjah real estate: Alef Group expands $681m Olfah community with launch of Phase 2 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 23, 2025 in Business News -
Saudi Venture Capital to increase allocation to private credit funds
Saudi Venture Capital will allocate half of its investments to private credit and equity, up from about a third last year The post Saudi Venture Capital to increase allocation to private credit funds appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 22, 2025 in Business News -
Saudi real estate: Riyad Capital to launch $1.6bn project near Makkah train station
Riyad Capital will develop a $1.6bn mixed-use project near Makkah’s Haramain Station, supporting Saudi Arabia’s real estate growth The post Saudi real estate: Riyad Capital to launch $1.6bn project near Makkah train station appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 21, 2025 in Business News -
Saudi private sector doubles GDP contribution to $613bn, says Investment Minister
Saudi Investment Minister Khalid Al Falih says the private sector’s GDP contribution has doubled to $613bn, driving Vision 2030 growth The post Saudi private sector doubles GDP contribution to $613bn, says Investment Minister appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 21, 2025 in Business News -
UAE refers 9 suspects to court for organised gang crimes
UAE Public Prosecution has referred nine Arab nationals to court for crimes endangering state security, public order, and social peace The post UAE refers 9 suspects to court for organised gang crimes appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 20, 2025 in Business News -
Inside South Africa’s booming estate housing market
In the early 2000s, housing estates made up only a small segment of South Africa’s residential market. Two decades on, they’ve emerged as one of the country’s fastest-growing property types, prized for their security, convenience, shared amenities, and consistent long-term value. Source: Supplied. Market data shows just how dramatically buyer preferences have shifted over this
October 20, 2025 in Property & Real Estate -
Is a market correction on the horizon for South Africa? Investors weigh up recent gains
Entering the final quarter of 2025, South African investors have enjoyed strong returns, with local equities up nearly 30% and bonds delivering double-digit gains. Despite global uncertainty driven by shifting tariffs and uneven growth, PPS Investments’ diversified, cautiously optimistic strategy has supported inflation-beating performance and positioned its Solutions competitively across all investment horizons. The turmoil
October 20, 2025 in Investments -
UAE data centre market to exceed $3.3bn by 2030
The UAE data centre market, worth $1.26bn in 2024, is forecast to exceed $3.3bn by 2030 as AI and digital transformation fuel investment The post UAE data centre market to exceed $3.3bn by 2030 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 19, 2025 in Business News -
Dubai real estate sector recorded $4bn of transactions last week, including $42m apartment
The Dubai real estate sector saw $4bn of transactions and 4,300 sales last week, including an apartment sold for AED155m The post Dubai real estate sector recorded $4bn of transactions last week, including $42m apartment appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 19, 2025 in Business News -
Dubai Police–Parkin data link to flag unpaid fines and boost road safety
Dubai Police and Parkin connect traffic and parking systems to share live data, identify unpaid fines instantly, and improve road safety The post Dubai Police–Parkin data link to flag unpaid fines and boost road safety appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 18, 2025 in Business News -
Saudi Arabia raises Saudization to 80% in key healthcare roles
Saudi Arabia raises Saudization to 80 per cent for key healthcare professions including nutrition, physiotherapy, labs, and radiology The post Saudi Arabia raises Saudization to 80% in key healthcare roles appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 18, 2025 in Business News -
US semiconductor firm Micron to halt server chip sales to China data centres
Since the ban, both NVIDIA and Intel have faced similar scrutiny from Chinese authorities and industry groups over alleged security risks, though no formal action has been taken against them The post US semiconductor firm Micron to halt server chip sales to China data centres appeared first on Arabian Business: Latest News on the Middle
October 17, 2025 in Business News -
African pension funds an untapped opportunity
African pension savings, currently valued between $400bn and $500bn and projected to reach $7.3tn by 2050, represent a vast yet underutilised resource for infrastructure investment. With less than 2.7% currently allocated to this sector, pension funds hold untapped potential to drive inclusive growth. Source: Supplied. Lebo Mokgabudi is a specialist trustee on the Board of
October 17, 2025 in Investments -
GITEX TechCation 2026: Dubai to host world’s largest tech and AI event
Sheikh Mohammed directs launch of GITEX TechCation 2026, set to become the world’s largest tech and AI event at Expo City Dubai The post GITEX TechCation 2026: Dubai to host world’s largest tech and AI event appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 16, 2025 in Business News -
Gemfields’ Montepuez ruby mine invaded by illegal miners
Gemfields Group said that a group of illegal miners had invaded its Montepuez ruby mine in northern Mozambique and killed two police officers guarding the site. “A group of approximately 40 illegal miners marched on the mine gate at Montepuez Ruby Mining,” Gemfields said in a statement. “They proceeded to attack Mozambican police officers present
October 16, 2025 in Investments -
DRDGold reports a marginal profit increase as gold price soars
There’s no stopping the gold price as it continues to rise, extending its record high to R73,362.99 per ounce. It seems that all that glitters is gold as South African gold miner DRDGold reports a marginal revenue increase of 2% for the first quarter of FY2026 (Q1 FY2026) ended 30 September 2025. It said that
October 16, 2025 in Investments -
Cape Winelands Airport gets Growthpoint backing to boost tourism
Growthpoint Properties has made a strategic investment in Cape Winelands Airport, securing the right to co-develop and manage the 450-hectare precinct. The airport is set to become a major gateway for tourism in the Western Cape, while supporting regional trade, job creation, and sustainable development. Source: Supplied Nicholas Ferguson, managing director of RSA Aero, says:
October 16, 2025 in Property & Real Estate -
Global debt tops G20 agenda, South African central bank chief says
South African Reserve Bank Governor Lesetja Kganyago warned on Wednesday, 15 October 2025 that rising global debt poses a risk to financial stability. Source: Reuters. The Financial Stability Board, which reports to the G20, has elevated debt concerns to a top-tier issue, Kganyago said on the sidelines of the International Monetary Fund and World Bank
October 16, 2025 in Investments -
IHC unveils $33bn merger creating Abu Dhabi investment powerhouse
IHC announces merger of Multiply Group, Ghitha Holding, and 2PointZero to form $32.7bn Abu Dhabi-listed powerhouse, 2PointZero Group The post IHC unveils $33bn merger creating Abu Dhabi investment powerhouse appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 16, 2025 in Business News -
UAE fines unlicensed training centre for major violations, blocks its websites
MoHESR closes unlicensed UAE training centre, fines its operators, and refers managers to Public Prosecution for multiple breaches The post UAE fines unlicensed training centre for major violations, blocks its websites appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 15, 2025 in Business News -
German policy needs a decisive “Africa shift”, association says
German economic policy is in need of a decisive “Africa shift” in light of geopolitical tensions and critical dependencies on raw materials, the Sub-Saharan Africa Initiative of German Business (Safri) said in a paper on Wednesday, 15 October 2025. Source: Reuters. “Africa is not just a market for the future but a partner in our
October 15, 2025 in Investments -
Shares rebound, dollar eases as Fed cut bets reclaim spotlight
Global stocks clawed back losses on Wednesday, 15 October 2025 helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering US-China trade tensions kept a lid on risk appetite. Source: Reuters. Powell left the door open to further rate cuts on Tuesday and said the end
October 15, 2025 in Investments -
Qatar and Saudi Arabia qualify for 2026 FIFA World Cup
Qatar and Saudi Arabia have secured qualification for the 2026 FIFA World Cup after decisive results in the Asian qualifiers The post Qatar and Saudi Arabia qualify for 2026 FIFA World Cup appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 14, 2025 in Business News -
SAPOA Property Development Awards for Innovative Excellence 2025 winners
The South African Property Owners Association (SAPOA) has announced the winners of the 2025 Property Development Awards for Innovative Excellence, the country’s most prestigious recognition of achievement in commercial property development. Neil Gopal, SAPOA chief executive officer Nonku Ntshona, chair of the SAPOA Property Development Awards For decades, these awards have represented the highest accolade
October 14, 2025 in Property & Real Estate -
Shell and Sunlink approve major LNG project in Nigeria
Shell has approved the development of an offshore gas project in Nigeria along with its joint venture partner Sunlink Energies, the oil major said, the latest in a series of investments by its Nigerian business. The HI offshore gas project, once completed, will supply 350 million standard cubic feet of gas per day at peak
October 14, 2025 in Investments -
DTC to provide last-mile solutions to Keeta, Dubai’s new delivery company
Apart from scaling its motorbike fleet to 500 by the end of the year, the partnership will drive future collaboration on high-tech delivery solutions The post DTC to provide last-mile solutions to Keeta, Dubai’s new delivery company appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 14, 2025 in Business News -
Analysis: Trump says the war is over. Is he right?
He wouldn’t be the first American president to call time on a Middle East conflict prematurely The post Analysis: Trump says the war is over. Is he right? appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 13, 2025 in Business News -
China’s zero-tariff policy offers African SMEs a new trade frontier
For African SMEs, entering the Chinese market offers opportunities for both scale and long-term sustainability. As Africa’s largest trading partner, China accounted for an estimated $295.6bn in bilateral trade with the continent in 2024. Source: Supplied. Bill Blackie, chief executive officer of Business and Commercial Banking at Standard Bank Group. With imports from China being
October 13, 2025 in Investments -
Oil price hits 5-month low following Trump’s tariff threats
Brent and US crude futures fell more than $2 a barrel, or more than 3%, as US President Donald Trump’s threat to impose increased tariffs on China cast a shadow over the demand outlook in a market seen as oversupplied. “The sell-off was driven by a shift to risk-off markets following Trump’s post, threatening tariffs
October 13, 2025 in Investments -
Riyadh Air opens luxury Hafawa Lounge at King Khalid International Airport
Riyadh Air opens its first premium Hafawa Lounge at King Khalid International Airport, offering 2,000 sqm of luxury The post Riyadh Air opens luxury Hafawa Lounge at King Khalid International Airport appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 13, 2025 in Business News -
UAE shortlists global rain-enhancement projects for $1.5m grants
The UAE Rain Enhancement Programme selects global research proposals for up to $1.5m grants to advance cloud seeding and water-security The post UAE shortlists global rain-enhancement projects for $1.5m grants appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 12, 2025 in Business News -
New Saudi visa rules, new mall in Dubai, UK talent exodus, UAE record property sales – 10 stories you missed this week
Saudi Arabia’s new visa rules, Dubai’s $4.2bn mall launch, record UAE property sales, and more — here are the top 10 stories this week The post New Saudi visa rules, new mall in Dubai, UK talent exodus, UAE record property sales – 10 stories you missed this week appeared first on Arabian Business: Latest News
October 11, 2025 in Business News -
UAE weather warning: Heavy rain, strong winds, and rough seas forecast this week
UAE authorities warn of unstable weather from Friday to mid-next week, with rainfall, strong winds, and rough seas forecast The post UAE weather warning: Heavy rain, strong winds, and rough seas forecast this week appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 11, 2025 in Business News -
Cityscape Qatar 2025 to see $110m in property deals
Cityscape Qatar 2025 opens with $110 m in property deals, 70 developers, and major projects from Qetaifan, New Murabba and Al Waab City The post Cityscape Qatar 2025 to see $110m in property deals appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 10, 2025 in Business News -
Dekra Industrial wins Noscar Award for 11th year in a row
Dekra Industrial has once again set the benchmark in occupational health, safety, and environmental (HSE) excellence, securing its 11th consecutive Noscar Award. Source: Supplied. Justin Hobday – Chief Operating Officer, Health Safety and Environment (HSE) – NOSA; Johan Gerber – Senior Non-Executive Advisor, DEKRA Industrial; Carina Kleinhans, Health Safety and Environment (HSE) Manager at DEKRA
October 10, 2025 in Manufacturing -
South Africa lands €11.5bn EU funding for clean energy and medical advancements
The European Union has pledged to invest €11.5bn ($13.3bn) in South Africa in clean energy, infrastructure and pharmaceutical projects, it said late on Thursday, 9 October 2025. Source: Reuters/Yves Herman; South African President Cyril Ramaphosa and European Commission President Ursula von der Leyen meet in Brussels, Belgium, 9 October 2025. A large chunk of the
October 10, 2025 in Investments -
Prescient Securities promotes Surette Drew to lead equity trading
As an acknowledgement of the energy, insight and leadership she brings to her team, Prescient Securities has appointed Surette Drew as its new Head: Equity Trading. Her promotion took effect on Wednesday, 1 October 2025. Source: Supplied. Prescient Securities’ new Head of Equity Trading Surette Drew. Drew joined Prescient Securities as a senior equity trader
October 10, 2025 in Investments -
Europe’s new border rules: EES launches October 12 as biometrics replace passport stamps
Europe’s new Entry/Exit System (EES) starts October 12, replacing passport stamps with facial and fingerprint scans for all non-EU visitors The post Europe’s new border rules: EES launches October 12 as biometrics replace passport stamps appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 9, 2025 in Business News -
JSE CEO set to retire, successor named
<p><img src=”https://biz-file.com/c/2510/790671-240×135.jpg?2″ width=”240″ height=”135″ alt=”A woman walks at the Johannesburg Stock Exchange (JSE), in Sandton, South Africa, 1 August 2025. Reuters/Siphiwe Sibeko” align=”left”><br><span >A woman walks at the Johannesburg Stock Exchange (JSE), in Sandton, South Africa, 1 August 2025. Reuters/Siphiwe Sibeko</span><p>Johannesburg Stock Exchange (JSE) CEO Leila Fourie is to retire early next year after over
October 9, 2025 in Investments -
Growthpoint Healthcare makes strategic move into senior living with Auria acquisition
Growthpoint Healthcare Property Holdings (GHPH), managed by Growthpoint Investment Partners, the fund management business of Growthpoint Properties, South Africa’s leading real estate investment trust (REIT), has entered into an agreement to acquire the properties and operations of Auria Senior Living, a premier developer, owner and operator of senior living communities in South Africa. With property
October 9, 2025 in Property & Real Estate -
Can mining growth and transformation co-exist in South Africa?
The draft Mineral Resources Development Bill (MRDP) has been met with criticism, particularly on the clauses concerning BEE (Black Economic Empowerment) in South Africa’s mining exploration. Many stakeholders argue that the imposition of BEE will discourage investor interest, which will hinder mining exploration and, in turn, job creation and economic growth in South Africa. With
October 9, 2025 in Venture Capital -
UAE SCA reports 1,100% rise in financial influencer accreditation applications
This increase follows the introduction of a regulatory framework designed to formalise the role of financial content creators in the UAE’s investment landscape The post UAE SCA reports 1,100% rise in financial influencer accreditation applications appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 9, 2025 in Business News -
ADNOC announces $43bn dividend target through 2030
ADNOC will distribute $43bn in dividends across six listed firms by 2030, reinforcing investor confidence and UAE economic growth The post ADNOC announces $43bn dividend target through 2030 appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 8, 2025 in Business News -
Explore insights that shape tomorrow’s future
From artificial intelligence to climate change, wellness to financial innovation – the SAICA iN-FOR_sight Summit is your one-of-a-kind opportunity to get ahead of the change, connect across sectors, lead with purpose, insight and foresight. This October, the South African Institute of Chartered Accountants (SAICA), invites you to a bold new chapter in thought leadership: the
October 8, 2025 in Venture Capital -
How African investors are gaining EU access through Venice real estate
A new opportunity for African investors has opened in Italy’s romantic floating city of Venice. A bricks and mortar asset that promises a good financial strategy with the added bonus of Italian residency. Venice, the land of canals, crumbling palazzos, rich history, and exquisite culture. But beyond the romance, Venice has also become one of
October 8, 2025 in Property & Real Estate -
Frontière Advisory launches to help organisations protect value in Africa
Frontière Advisory has launched in Johannesburg to help multinationals, South African corporates, and investors protect enterprise value in Africa’s most complex operating environments. The advisory firm, co-headquartered in Johannesburg and London, specialises in reputation, stakeholder strategy, crisis management and ESG alignment. Its founding conviction: in African markets, trust is not a slogan – it is
October 8, 2025 in Investments -
Gold price hits a record
Gold surged past $4,000 an ounce to reach a record high, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve. Spot gold was up 0.9% at $4,017.16 per ounce by 0442 GMT. US gold futures for December delivery gained 0.9% to
October 8, 2025 in Investments -
Fly Dubai to Manila for just $1.40 as Cebu Pacific launches 2026 sale
Cebu Pacific offers Dubai to Manila flights for as low as AED5 ($1.36) valid for 2026 travel to 27 Philippine destinations. The post Fly Dubai to Manila for just $1.40 as Cebu Pacific launches 2026 sale appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 8, 2025 in Business News -
The future of energy depends on intelligence
If the last century was built on steel, copper and concrete, the next will be built on silicon and software The post The future of energy depends on intelligence appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 7, 2025 in Business News -
Goldman Sachs opens Kuwait office to grow Middle East investment footprint
Goldman Sachs opens new Kuwait office to strengthen its Middle East presence and expand investment, banking, and talent partnerships The post Goldman Sachs opens Kuwait office to grow Middle East investment footprint appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 6, 2025 in Business News -
Cape Union Mart aims to revive SA’s clothing manufacturing industry
South Africa’s textile and clothing sector has a rich history, and has, in the past, contributed significantly to the country’s economy and manufacturing capacity. Unfortunately, the sector has struggled over the past two decades, with its contribution to GDP and provision of formal employment opportunities decreasing steadily. But some manufacturers are actively fighting this trend.
October 6, 2025 in Manufacturing -
China’s Chery explores plant-sharing deals in South Africa
China’s Chery is in discussion with several automakers in South Africa about sharing plants with them to manufacture its vehicles, the company’s regional head told Reuters. File photo: Onlookers take photographs of a Tiggo 8 model during the launch of Chery’s new Super Hybrid (CSH) range of cars at Montecasino, in Johannesburg, South Africa, 20
October 6, 2025 in Manufacturing -
Stellantis aims to broaden planned SA plant’s vehicle lineup
Stellantis intends to expand its product line-up at a planned manufacturing plant in South Africa, moving beyond pick-up trucks as shifting market dynamics prompt a strategy rethink, the company’s local manager said. The Peugeot Landtrek double-cab pickup truck, set to be built by Stellantis in South Africa, is parked at an exhibition hall, during an
October 6, 2025 in Manufacturing -
SA secures China, India investments to boost local auto manufacturing
South Africa has secured commitments from Chinese and Indian car companies to upgrade their semi-knocked-down (SKD) vehicle assembly operations to full-scale manufacturing, the South African trade minister said on Thursday, 2 October, as industry leaders call for more domestic production. Cars built by Chinese manufacturer BAIC are seen at the entrance to Coega port, near
October 6, 2025 in Manufacturing -
UAE corporate tax registrations surpass 640,000 as FTA reports record compliance levels
FTA says over 640,000 UAE companies have registered for corporate tax, marking record compliance and growing awareness ahead of deadline The post UAE corporate tax registrations surpass 640,000 as FTA reports record compliance levels appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 6, 2025 in Business News -
Dubai opens new Sheikh Zayed Road bridge to Mall of the Emirates, cutting travel time from 10 to 1 minute
The Dubai RTA and Majid Al Futtaim open a new Sheikh Zayed Road bridge to Mall of the Emirates, cutting travel time from 10 to 1 minute The post Dubai opens new Sheikh Zayed Road bridge to Mall of the Emirates, cutting travel time from 10 to 1 minute appeared first on Arabian Business: Latest
October 5, 2025 in Business News -
UAE space sector achieves record year with lunar, asteroid and satellite breakthroughs
The UAE saw major space milestones in 2025, including lunar and asteroid missions, six satellite launches, and advanced astronaut training The post UAE space sector achieves record year with lunar, asteroid and satellite breakthroughs appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 4, 2025 in Business News -
Most influential Arabs revealed; Dubai property boom, Saudi $55bn gaming takeover, UAE Rail progress – 10 things you missed this week
Dubai property sales hit $14.8bn in September, Saudi completes $55bn gaming takeover and Etihad Rail’s 2026 plan – this week’s Gulf highlights The post Most influential Arabs revealed; Dubai property boom, Saudi $55bn gaming takeover, UAE Rail progress – 10 things you missed this week appeared first on Arabian Business: Latest News on the Middle
October 4, 2025 in Business News -
Dubai Police cut short unlicensed hair transplants in apartment clinic
Dubai Police combed social media to track down unlicensed hair transplant clinic; DHA issues health warning The post Dubai Police cut short unlicensed hair transplants in apartment clinic appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 3, 2025 in Business News -
UAE’s IHC to invest $1bn in India’s Sammaan Capital, boosting mortgage lending and financial inclusion
UAE’s IHC will invest $1bn in India’s Sammaan Capital, a leading NBFC, to expand mortgage lending and AI-driven credit solutions The post UAE’s IHC to invest $1bn in India’s Sammaan Capital, boosting mortgage lending and financial inclusion appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More. Source link
October 3, 2025 in Business News -
Meet the ‘Tomato Man’ taking over Dubai’s fine dining scene with premium produce
The H Formula founder Yassine Azzouni turned job loss into opportunity, solving a problem for Dubai’s top chefs Source link
October 2, 2025 in Business News -
#AEW2025 Awards: Meet all the winners
The winners of the 2025 African Energy Week Awards were announced at a ceremony held in Cape Town. The awards celebrate the pioneers who are driving Africa’s energy to the next frontier, acknowledging their excellence across the African energy sector. Image supplied. Here are all the winners Mohammed S Barkindo Lifetime Achievement Award: François Perrodo
October 2, 2025 in Energy -
ALEC IPO raises $381m after 21x oversubscription in UAE’s biggest construction listing
ALEC’s IPO on the DFM raised $381m with demand topping $8.1bn, marking the UAE’s biggest-ever construction listing by size and value Source link
October 1, 2025 in Business News -
African exports face immediate damage from lapse of US trade initiative
The lapse of a flagship US trade initiative with Africa that expired overnight is putting scores of businesses on the continent and hundreds of thousands of jobs at risk, raising fears that even a promised extension may come too late. Source: Reuters. There is bipartisan support in Washington for a renewal of the African Growth
October 1, 2025 in Investments -
Stocks mixed, gold hits record as US government shuts down
Wall Street futures fell, gold struck a record high and the dollar eased on Wednesday, 1 October 2025 as the US government shut down much of its operations, possibly delaying the release of crucial jobs data that could muddy the interest-rate outlook. Source: Reuters. With no clear path out of the impasse over a funding
October 1, 2025 in Investments -
Saudi Arabia unveils $350bn 2026 budget plan
Saudi Arabia’s 2026 pre-budget projects $350bn spending and $305bn revenues, with 4.6% GDP growth forecast and a 3.3% deficit Source link
October 1, 2025 in Business News -
UAE supermarket chain Spinneys enters Philippines market through Ayala deal
Under the partnership, Ayala Corporation will hold a 60 per cent stake, whilst Spinneys will own the remaining 40 per cent Source link
September 30, 2025 in Business News -
Nationwide strike in Nigeria threatens oil supply after mass layoffs at Dangote refinery
The offices of Nigeria’s oil regulator and state oil company were shuttered by a nationwide strike launched by the national oil workers’ union after Dangote refinery dismissed more than 800 of its members, union officials said. Image credit: Reuters The strike, begun on Monday, has escalated tension in Africa’s top oil producer, with a legal
September 30, 2025 in Investments -
ExxonMobil seeks security guarantees for massive Mozambique LNG project
The Financial Times reported that ExxonMobil CEO Darren Woods sought assurances from Mozambique’s president, Daniel Chapo, last week about security for a proposed $30bn gas terminal in the country ahead of a decision to greenlight the project. Woods raised concerns about the dangers posed by a jihadist insurgency in Mozambique’s north-eastern Cabo Delgado region, where
September 30, 2025 in Investments -
UAE railway programme to deliver $54.5bn in economic benefits from $13.6bn investment
The UAE’s National Railway Programme will generate $54.5bn in economic benefits from a $13.6bn investment, cutting emissions and boosting transport efficiency Source link
September 29, 2025 in Business News -
Transform repo-rate stability into R650,000 in savings
Since September 2024, the Monetary Policy Committee (MPC) has delivered a cumulative 125 basis point cut, slashing the repo rate from 8.25% to 7.00%. Source: Supplied. For homeowners with a R2m variable-rate bond, this has decreased their monthly instalment by more than R1,600. However, Cobus Odendaal, chief executive officer of Lew Geffen Sotheby’s International Realty
September 29, 2025 in Investments -
Inside Phakamani Impact Capital’s decade of building South Africa’s SMMEs
From mining engineers to logistics trailblazers, Phakamani Impact Capital’s R1bn in SMME funding proves that, with the right backing, small businesses are powering SA’s future – sustaining jobs, driving innovation, and building legacies across communities. At The Garden Venue in Northriding, just over a week ago, the sound of the Jeppe’s Boys marimba band floated
September 29, 2025 in Venture Capital -
Fuel market relief as Nigeria’s Dangote refinery resumes naira sales
Nigeria’s Dangote Petroleum Refinery has resumed selling petrol in naira, following a brief suspension due to crude supply constraints, according to a notice sent to customers and seen by Reuters. Image credit: Reuters The refinery said sales of petrol denominated in naira were restarting immediately, following intervention by the chairman of the Naira for Crude
September 29, 2025 in Energy -
Dubai Police adds three Mercedes-Benz luxury cars to tourism patrol fleet
The General Department of Criminal Investigation’s Tourism Police Department received the Mercedes SL 55 AMG, Mercedes GT 63 AMG, and Mercedes EQS 580 electric model Source link
September 29, 2025 in Business News -
Dubai adopts regulatory framework for autonomous heavy vehicles
Jebel Ali Port, Al Maktoum International Airport, Jebel Ali Port Rail Freight Terminal, Dubai Investments Park, and Ibn Battuta Mall identified for the pilot stage Source link
September 28, 2025 in Business News -
Saudi PIF to deepen gaming investment as it plans to take EA private
Already holding a 10% stake in the videogame giant, PIF, alongside Silver Lake and Affinity Partners, offers a $50bn deal Source link
September 28, 2025 in Business News -
Saudi rent freeze, $17.5bn Riyadh sales, foreign ownership rules, startups surge – 10 key KSA stories this week
Saudi Arabia freezes rents in Riyadh, property sales hit $17.5bn, foreign ownership rules may change, and startups surge – 10 key KSA stories this week Source link
September 27, 2025 in Business News -
Saudi Arabia to rehabilitate 33 sites under cloud seeding initiative
Saudi Arabia has launched a large-scale environmental initiative to expand vegetation cover and rehabilitate rangelands across the Kingdom Source link
September 26, 2025 in Business News -
Best Agent CEO warns: Estate agencies face serious FICA compliance risks
South Africa’s estate agencies face serious financial and reputational risks if they fail to comply with new obligations under the Financial Intelligence Centre Act (FICA), says Marcel Koole, CEO of Best Agent. Marcel Koole The Financial Intelligence Centre recently issued Guidance Note 7A (GN7A), which makes it clear that all accountable institutions, including estate agencies,
September 26, 2025 in Property & Real Estate -
Trump’s tariffs could cost Lesotho 30,000 jobs, the IMF warns
Garment exports make up 80% of the country’s exports to the United States. Lesotho’s coat of arms at Makoanyane Square in Maseru. Tariff changes could halve the country’s exports to the United States, the International Monetary Fund has warned. Photo: Sechaba Mokhethi / GroundUp A sudden and destabilising shift in US trade policy has shaken
September 26, 2025 in Manufacturing -
Shell and Agip boost stakes
Nigeria’s oil regulator has approved a $510m deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator Shell and Agip, the agency said. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said TotalEnergies will transfer 10% of its interest to Shell
September 26, 2025 in Investments -
Saudi Arabia tourism boom: Inside NEOM’s Magna with 12 futuristic resorts, record hotels and luxury communities
From mountain hideaways to a lagoon-spanning infinity pool, NEOM’s Magna is transforming Saudi Arabia’s Red Sea coast with 12 luxury resorts, vibrant communities and sustainable tourism experiences under Vision 2030 Source link
September 26, 2025 in Business News -
Saudi Arabia’s FII9 in Riyadh to host 15 world leaders, over 600 speakers and top CEOs
Saudi Arabia’s FII9 in Riyadh will gather 15 world leaders, more than 600 speakers and top CEOs this October to debate investment, innovation, and global growth Source link
September 25, 2025 in Business News -
US plans to extend Africa trade deal by a year, says Lesotho minister
Lesotho’s trade minister said on Wednesday, 24 September 2025 that the US plans to extend the African Growth and Opportunity Act (Agoa), which gives the continent preferential access to US markets, by a year, after returning from a visit to Washington. Source: Reuters. A slew of tariffs that US President Donald Trump imposed on global
September 25, 2025 in Investments -
Economic growth edges higher for EBRD countries but tariff threat looms
The European Bank for Reconstruction and Development lifted its 2025 growth forecast for the first time in more than a year but warned that the effects of tariffs and war will weigh on growth in 2026. Source: Reuters. The report, which covers economies in emerging Europe, Central Asia, the Middle East and Africa, raised the
September 25, 2025 in Investments -
Nigeria pulls plug on TotalEnergies’ $860m asset sale to Chappal Energies
TotalEnergies’ sale of a minority stake in a Nigerian onshore oil producer has fallen through, Nigerian regulators said on Tuesday, in a setback to the French oil major’s strategy to sell mature, polluting assets and pay down debt. Total agreed in July 2024 to sell its 10% stake in Shell Petroleum Development Company of Nigeria
September 25, 2025 in Investments -
Why speed matters more than ever for SA’s manufacturing and logistics
South Africa’s manufacturing and logistics sectors are at a critical juncture. The country’s logistical grid is under perpetual stress – with persistent disruptions, ongoing (albeit slowly improving) port delays, rising costs, uncertainty around energy, and infrastructure failures now a regular part of the operating environment. In this context, the ability to adapt with speed grants
September 25, 2025 in Manufacturing -
The next diamond power player? Angola bids for stake in De Beers
Angola’s Ministry of Mineral Resources, Petroleum and Gas indicated that the state diamond company Endiama has bid for a minority stake in Anglo American’s diamond unit De Beers. De Beers is one of the world’s leading diamond companies, with operations spanning across Botswana, Namibia, Angola, South Africa and Canada. The diamond company, which has been
September 25, 2025 in Investments -
Saudi Arabia may scrap foreign ownership limit rules; markets see 5-year surge
Markets soar in Saudi Arabia as reports suggest foreign ownership caps could be lifted Source link
September 24, 2025 in Business News -
DAMAC unveils new Sales and Client Experience Centre at DAMAC Lagoons
A sustainable, design-led space that redefines client engagement through innovation, luxury, and a biophilic connection to nature. Source link
September 24, 2025 in Business News -
UAE launches $1m AI Film Award with 1 Billion Followers Summit and Google Gemini
UAE launches $1m AI Film Award with 1 Billion Followers Summit and Google Gemini, inviting global creators to submit AI-driven films ahead of January 2026 Source link
September 23, 2025 in Business News -
US peace deal doesn’t mean Congo minerals up for grabs
Democratic Republic of Congo President Felix Tshisekedi stated that a US-mediated peace deal signed with Rwanda in June has not yet calmed the fighting in eastern Congo. However, he thanked President Donald Trump for his efforts to end the conflict. On June 27, US mediators brokered the peace deal between Congo and Rwanda aimed at
September 23, 2025 in Investments -
BRIDGE Summit 2025: Abu Dhabi to host world’s largest media and creative industries event
Abu Dhabi will host BRIDGE Summit 2025, the world’s largest media and creative industries event, with 60,000 participants, 400 speakers, and 300 exhibitors Source link
September 22, 2025 in Business News -
Safripol’s Sasolburg plant anchors Africa’s polymer future
A trip to Sasolburg is a journey into the heartland of South African industry. At the centre of what is known as the ‘Vaal Triangle’, with the other corners being Vanderbijlpark and Vereeniging, polymers producer Safripol recently invited a group of key customers to visit its plant in the town. Although it was a blustery
September 22, 2025 in Manufacturing -
The Australian brand making waves in Middle East perfumery
Goldfield & Banks founder Dimitri Weber on breaking the French monopoly, going viral on TikTok, and building a fragrance empire from Sydney to Saudi Source link
September 22, 2025 in Business News -
Stocks edge up after Trump’s visa crackdown, rate outlook in focus
Asian stocks drifted higher and the dollar steadied on Monday, 22 September 2025 with markets weighing the Federal Reserve’s monetary policy path after a rate cut last week, while President Donald Trump’s immigration crackdown on worker visas kept sentiment in check. Source: Reuters. India’s benchmark index slipped after the Trump administration said on Friday it
September 22, 2025 in Investments -
Congo shakes up global cobalt supply with export quotas
The Democratic Republic of Congo’s strategic minerals regulator announced that it will lift its ban on cobalt exports as of 16 October and manage global supply by imposing annual export quotas. Miners will be allowed to ship up to 18,125 tonnes of cobalt for the rest of 2025, with yearly caps of 96,600 tonnes in
September 22, 2025 in Investments -
UK, Canada and Australia formally recognise Palestine, backing two-state solution
The UK, Canada and Australia have formally recognised Palestine, joining 150 nations in backing a two-state solution Source link
September 21, 2025 in Business News -
UAE’s G42 drives sovereign AI push with $92m ADNOC deal, global expansion and new consumer tech
UAE’s G42 Group advances sovereign AI with a $92m ADNOC contract, new enterprise tools, Europe expansion and cultural tech projects Source link
September 21, 2025 in Business News -
Next UAE holiday, Dubai property surge, Abu Dhabi real estate boom and scam warning – 10 things you missed this week
Catch up on the UAE’s biggest stories this week: long weekend dates, Dubai and Abu Dhabi property booms, Sharjah’s new city, and key economic policies. Source link
September 20, 2025 in Business News -
Flydubai expands Romania network with new Iași flights and more Bucharest services
Flydubai launches direct Dubai–Iași flights and expands its Romania network with triple daily Bucharest service Source link
September 19, 2025 in Business News -
The R500k mistake 73% of SA homeowners make after rate cuts
The recent cut in borrowing costs makes it tempting for South Africans, guided by their emotions, to stretch for bigger homes, but many find serenity – and solvency – in staying put. Paul Stevens, chief executive officer of Just Property, helps you answer the question: Which choice is right for me? Source: Supplied. When the
September 19, 2025 in Property & Real Estate -
South African minister meets US representative in push for trade deal
South African Trade Minister Parks Tau has met US Trade Representative Jamieson Greer for talks, Tau’s office said on Friday, 19 September 2025 as Africa’s biggest economy tries to reach a deal to roll back steep US tariffs. Source: Reuters/Leah Millis. South African Minister of Trade, Industry and Competition, Parks Tau, speaks during a press
September 19, 2025 in Manufacturing -
African countries unite to boost petroleum investment
African petroleum regulators led by Nigeria have launched a continental forum aimed at harmonising oil regulation in a bid to attract crucial investment across the region’s burgeoning energy sector, the Nigerian oil regulator said in a statement. Due to declining investment dollars, African oil regulators are betting that a more integrated energy market where rules
September 19, 2025 in Investments -
Sarb maintains current rates as housing market shows signs of bounce-back
Reacting to the South African Reserve Bank’s decision to hold interest rates steady on Thursday, 18 September 2025, ooba Group chief executive officer Rhys Dyer described the move as disappointing, noting that inflation remains well within the target range while South African consumers continue to face significant financial pressure. This follows a quick succession of
September 19, 2025 in Property & Real Estate -
Abu Dhabi’s Al Seer Marine and BGN JV take delivery of Merak, its third VLGC
The Very Large Gas Carrier, built by Hyundai Samho Heavy Industries, is already on its maiden voyage to the US Gulf to load propane and butane Source link
September 19, 2025 in Business News -
DMCC reports 10% rise in Italian companies as UAE–Italy trade hits $14bn
DMCC reports 10% growth in Italian firms as UAE–Italy non-oil trade hits $14bn, strengthening Dubai’s role as a global gateway for business Source link
September 18, 2025 in Business News -
African manufacturers in last-ditch bid to extend US trade programme
African manufacturers are lobbying US Congress to grant a last-ditch extension of one or two years to a duty-free trade programme due to expire at the end of September, a Kenyan factory owner involved in the campaign told Reuters. Source: Reuters/Monicah Mwangi US President Donald Trump’s aggressive tariff policies have cast doubt on the prospects
September 18, 2025 in Manufacturing -
Women need to reframe heritage as not just what they remember, but what they choose to plan
With Heritage Month in full swing, financial services provider Momentum hosted a media event that called for women to not only reflect but take measures to change what they have inherited either from parents, family or society that impacts how they manage their money. Paul Nixon, Masechaba Gxolo, Janine Horn and Farai Ntuli The event
September 18, 2025 in Investments -
Oil prices ease on US demand concerns
Oil prices eased on Wednesday, 17 September 2025 after data showing an increase in US diesel stockpiles stoked worries about demand and the US Federal Reserve cut interest rates as expected. Source: Reuters. Brent crude futures settled 52 cents, or 0.76%, lower to $68.22 a barrel while US West Texas Intermediate crude futures lost 47
September 18, 2025 in Investments -
UAE unveils economic clusters policy adding $8.2bn to GDP annually
UAE Cabinet led by Sheikh Mohammed approves new economic clusters policy to add $8.2bn to GDP, plus initiatives in health, AI and sustainability Source link
September 17, 2025 in Business News -
Surging investor confidence fuels R9bn property development in Cape Town
Investor confidence in the Cape Town CBD soared in 2024/25 with the total value of property development exceeding R9.031bn – up from R7.285bn recorded in 2023. Source: Supplied. Key economic sectors that drive the downtown economy – including hospitality, business and leisure tourism, eventing and the cruise economy – also proved resilient in the lukewarm
September 17, 2025 in Property & Real Estate -
US Federal Reserve poised to cut rates as Gulf economies brace for ripple effects
Gulf investors brace for a near-certain US rate cut, with UAE borrowing costs set to fall and cash shifting into stocks, property and digital assets amid Washington’s political drama Source link
September 17, 2025 in Business News -
How South African youth lead the green economy
The 2025 Nedbank Green Economy Indaba, held on 9 September in Johannesburg, focused on unpacking critical themes that drive the green economy. Business leaders, young entrepreneurs, and changemakers looked at the role of the Just Transition Framework in ensuring inclusivity, creating wealth and opportunities through green economy initiatives, as well as replicating and scaling high-impact
September 17, 2025 in Venture Capital -
Saudi mining: Al Baha mineral wealth valued at $76.1bn
Saudi Arabia’s Al Baha Region holds $76.1bn in mineral wealth, including gold, copper and marble Source link
September 16, 2025 in Business News -
Why the property market is rallying for another interest-rate slash
Ahead of this week’s Reserve Bank Monetary Policy Committee meeting, Samuel Seeff, chairman of the Seeff Property Group, has urged the Bank to implement another interest-rate cut. He noted that while July’s 25-basis point reduction offered some relief, it was insufficient to significantly stimulate either the economy or the property market. Source: Supplied. Samuel Seeff,
September 16, 2025 in Property & Real Estate -
Saudi Arabia launches Google Pay
Saudi Central Bank launches Google Pay via mada, advancing Vision 2030 goals to boost digital payments, reduce cash reliance, and enhance inclusion Source link
September 16, 2025 in Business News -
Jones the Grocer launches Jones Social restaurant and bar in Dubai’s Business Bay
Jones Social runs a Social Hour from Monday to Friday between 5:00pm and 7:00pm Source link
September 15, 2025 in Business News -
Rising mortgage arrears urge proactive homeowner action
Home-loan accounts with arrears in South Africa have increased by about 50% over just 18 months to December 2023. This sharp rise reflects mounting financial pressure on South African households, with higher interest rates, rising living costs, and persistent inflation making it harder for many to keep mortgage accounts up to date. Once at 92%,
September 15, 2025 in Property & Real Estate -
South African markets soar despite weak economic data, slow reforms
South African financial markets have outperformed expectations, with the Johannesburg Stock Exchange (JSE) reaching record highs and the rand/dollar exchange rate rising despite a threat to exports from 30% US tariffs. Source: Reuters. However, growth in Africa’s largest and most industrialised economy has been stuck at around 1% for a decade and the outlook is
September 15, 2025 in Investments -
RTA to construct 23 new pedestrian and cyclist bridges by end of 2030
Two pedestrian bridges on Sheikh Rashid Street and Al Mina Street opened to the public; Five more bridges expected by the end of 2025 Source link
September 14, 2025 in Business News -
UAE leaders condole the death of Hussain Abdulrahman Khansaheb
A pioneer in the field of construction and an eminent humanitarian, Hussain Khansaheb is considered one of nation’s most successful entrepreneurs Source link
September 14, 2025 in Business News -
AD Ports Group JV starts crucial ferry service in the Comoros Islands
Air-conditioned vessel can carry up to 190 passengers, and up to 45 vehicles – the first time a ferry is transporting vehicles in the country Source link
September 13, 2025 in Business News -
Dubai welcomes IIM Ahmedabad’s first international campus, inaugurated by Sheikh Hamdan
Sheikh Hamdan inaugurated IIM Ahmedabad’s first international campus in Dubai, launching a one-year MBA and new centres of excellence to boost education ties Source link
September 12, 2025 in Business News -
what it means for the Nile’s 11 river states and why it’s so controversial
The dam affects 11 countries, two downstream and nine upstream. Addis Ababa completed construction of the US$4 billion-plus project in July 2025, mainly with funds sourced from Ethiopians at home and in the diaspora, with an official launch on 9 September 2025. John Mukum Mbaku, who has researched the governance of the Nile’s waters, explains
September 12, 2025 in Investments -
Marjan completes infrastructure at RAK Central development in Ras Al Khaimah
RAK Central is a business district designed to be the commercial nucleus of Ras Al Khaimah Source link
September 12, 2025 in Business News -
Ajman new professional licences up 37% in H1 2025 as new investors rise 24%
Ajman’s new professional licences surged 37 per cent in H1 2025, with new investors up 24 per cent and Ethiopia and Sudan joining the top 10 nationalities Source link
September 11, 2025 in Business News -
Growthpoint exceeds upper end of distributable income per share forecast and sees stronger growth ahead
Growthpoint Properties Limited delivered results exceeding the top-end of its guidance for the financial year ended 30 June 2025, reporting distributable income per share (DIPS) of 146.3cps, up 3.1% from the prior financial year, and a total dividend per share (DPS) of 124.3cps, an increase of 6.1%. Norbert Sasse, Group CEO of Growthpoint Properties. Growthpoint’s
September 11, 2025 in Property & Real Estate -
South Africa in talks with Chinese automakers to boost local production
South Africa is in talks with Chinese automakers to encourage them to invest in local production, with one manufacturer showing strong interest in building cars locally, a senior government official said on Wednesday, 10 September. File photo: Customers browse a selection of cars displayed for sale at an entrance of a shopping mall, in Johannesburg,
September 11, 2025 in Manufacturing -
Standard Chartered ordered to pay costs, not damages, in Chinese bond saga
Zambia’s high court has ruled that Standard Chartered does not have to pay $500,000 compensation to a former client it sold a now-defaulted Chinese property bond to at the height of the Asian country’s real-estate crisis. People walk next to a Standard Chartered banner, on the first day of the annual meeting in Davos, Switzerland,
September 11, 2025 in Investments -
Dubai introduces strict new teacher rules for private schools
Dubai introduces strict new teacher rules for private schools, with KHDA guidelines on hiring, conduct, resignations, and safeguarding standards Source link
September 11, 2025 in Business News -
Ajman property market grows 21% in August as deals hit $517m
Ajman real estate transactions hit $517m in August 2025, up 21 per cent year-on-year, with over 1,300 deals Source link
September 10, 2025 in Business News -
South Africa, Algeria move to boost trade with new routes
South Africa and Algeria have reached an agreement to establish trade routes and strengthen partnerships aimed at improving bilateral trade and market access. The deal follows discussions between Trade, Industry and Competition Minister Parks Tau and Algerian Minister of Foreign Trade and Export Promotion Kamal Rezig in Algeria. Source: The Department of Trade, Industry and
September 10, 2025 in Manufacturing -
South Africa has sent officials to US for trade talks, president says
South Africa has sent officials to the United States to prepare for trade negotiations after attempting for months to strike a deal with the Trump administration to roll back steep tariffs, President Cyril Ramaphosa said on Tuesday, 9 September 2025. Source: Reuters. US President Donald Trump imposed a 30% tariff on imports from Africa’s most
September 10, 2025 in Manufacturing -
Flyadeal launches new Riyadh flights to Islamabad, Peshawar and Sialkot, doubling Saudi–Pakistan routes
Flyadeal expands in Pakistan with new Riyadh flights to Islamabad, Peshawar and Sialkot, increasing weekly services to 13 Source link
September 9, 2025 in Business News -
BP to expand footprint in Egypt with new gas drilling deals
Egypt’s Petroleum Ministry said that BP has signed a preliminary agreement with the Egyptian Natural Gas Holding Company (EGAS) to drill five new deepwater gas wells in the Mediterranean Sea. The memorandum of understanding with state-owned EGAS comes as Egypt seeks to boost exploration and production. Egypt, once a regional exporter, has increasingly turned to
September 9, 2025 in Investments -
Diamond beneficiation gets multi-million rand investment in South Africa
Finestar Diamonds and Jewellery launches new R300m manufacturing facility. Finestar Diamonds and Jewellery, a leading global diamantaire with a strong presence in India, Botswana, Namibia and South Africa, proudly marks a new milestone with the opening of its South African factory at the Jewellery Manufacturing Precinct situated at the OR Tambo Special Economic Zone at
September 9, 2025 in Investments -
Dubai announces new rules to boost tourist transport
Dubai RTA has issued a new regulation for tourist transport, enhancing service quality, safety and visitor experience to support the emirate’s tourism growth Source link
September 9, 2025 in Business News -
UAE aviation sector fuels 207,000 jobs and $92bn economy as DXB stays world’s busiest airport
UAE aviation drives $92bn economy, 18 per cent of GDP, with DXB the world’s busiest airport, 160m passenger capacity and 4.36m tonnes of cargo in 2024 Source link
September 8, 2025 in Business News -
EY 2025 Excellence in Integrated Reporting Awards winners
Nedbank Group Ltd is the winner of the EY 2025 Excellence in Integrated Reporting Awards, with Redefine Properties Ltd named the runner Up, while Vodacom Group Ltd took third place. Source: © CFO CFO The Excellence in Integrated Reporting Awards 2025 celebrate JSE-listed South African companies that demonstrate outstanding quality in their integrated reports. (Pictured:
September 8, 2025 in Investments -
Senior leadership appointed to Santam Syndicate 1918
General insurance group Santam has appointed Rob Vetch as CEO and CFO designate to lead the Santam Syndicate 1918, following in principle approval by Lloyd’s in July 2025. Tavaziva Madzinga, the Santam Group CEO, says the executive appointments to the Santam Syndicate 1918 are an important step in operationalising the syndicate (Image supplied) Also joining
September 8, 2025 in Investments -
MTN not in talks to acquire Telkom, CEO says
Africa’s biggest mobile operator MTN Group is not in active talks about reviving a potential acquisition of smaller South African rival Telkom, either with Telkom or internally, group CEO Ralph Mupita said on Friday, 5 September. File photo: Customers are served at a branch of South Africa’s mobile operator, Telkom, in Johannesburg, South Africa, 2
September 8, 2025 in Investments -
Final UAE holiday of 2025 revealed
UAE residents and citizens have one more public holiday before the end of the year, get ready to mark your calendars Source link
September 7, 2025 in Business News -
UAE real estate tax rules explained
UAE allows 4 per cent tax depreciation on investment properties from 2025, boosting real estate businesses under new corporate tax rules Source link
September 7, 2025 in Business News -
UAE total lunar eclipse 2025 to light up skies on Sunday night — here’s how to watch live
UAE to broadcast Sunday’s total lunar eclipse live, showing the Moon’s dramatic colour shift from yellow to deep red between 9.31pm and 10.53pm Source link
September 6, 2025 in Business News -
UAE boosts family stability with $564m in housing approvals
UAE approves $564m in new housing support for citizens in 2025, reinforcing family stability and long-term national priorities Source link
September 6, 2025 in Business News -
Saudi Arabia’s business events sector surpasses FIFA World Cup with $17.6bn impact
Tahaluf’s B2B events deliver $17.6bn impact to Saudi Arabia, surpassing FIFA World Cup as Vision 2030 drives record growth in business tourism Source link
September 5, 2025 in Business News -
Medico appoints Dr Nkateko Munisi as board chairperson
MediCo CFI has appointed Dr Nkateko David Munisi, who will replace Advocate Barend Esterhuyzen as he steps down after founding MediCo 10 years ago, as its new board chairperson. Esterhuyzen will remain invested in MediCo CFI as a material shareholder. Dr. Nkateko Munisi, new chairperson of MediCo, and outgoing chair, Adv. Barend Esterhuyzen, who founded
September 5, 2025 in Investments -
Financial woes force ARM to suspend Bokoni platinum mine operations
African Rainbow Minerals has suspended operations at its loss-making Bokoni platinum mine while it works on a revised mining plan for the asset, it said as it reported a sharp fall in basic annual earnings. ARM booked a R2.2bn impairment at Bokoni, citing a delay in ramping up mining operations and a change in mining
September 5, 2025 in Investments -
African Rainbow Minerals’ full-year profit falls 47%
African Rainbow Minerals (ARM) said its full-year profit fell 47%, mainly due to lower iron ore and coal prices. Image credit: Reuters ARM posted headline earnings of R2.695bn in the year ended 30 June, compared to R5.08bn last year. The diversified miner said lower thermal coal and iron ore prices, as well as a stronger
September 5, 2025 in Investments -
Saudi Arabia and UK sign $5.3bn deals at GREAT FUTURES London summit
Saudi-UK GREAT FUTURES conference in London ends with $5.3bn of deals, new strategic partnership, and plans to boost trade to $40bn by 2030 Source link
September 4, 2025 in Business News -
Woolworths profit falls on weak Country Road chain
South African fashion retailer Woolworths reported a 23.9% decline in full-year headline earnings, due to a weaker-than-expected performance from its Australian clothing chain Country Road Group. On a comparable basis, headline earnings per share (HEPS) fell to 268.1 South African cents in the 52 weeks ended 29 June. Group adjusted earnings before interest, tax and
September 4, 2025 in Investments -
Saudi Arabia FDI inflows jump 24 per cent to $32bn in 2024
Saudi Arabia’s FDI inflows rose 24 per cent to SR119.2bn ($31.8bn) in 2024, exceeding Vision 2030 targets as non-oil investment reached 90 per cent of total flows Source link
September 4, 2025 in Business News -
Majid Al Futtaim reports $4.7bn H1 2025 revenue as profit jumps 23%
Majid Al Futtaim posted $4.7bn in H1 2025 revenue, with profit up 23 per cent as digital growth, real estate demand, and new investments drive momentum Source link
September 3, 2025 in Business News -
Inospace sells one-third of Creation Works units at launch in Montague Gardens
One-third of the 38 small industrial units at Inospace’s Creation Works site in Montague Gardens were sold at launch, underscoring the surging demand for compact industrial spaces. The sectional title sales campaign, led by Inospace, South Africa’s leading owner and operator of last-mile industrial parks, offers units averaging 400 square metres tailored for SMEs, e-commerce
September 3, 2025 in Investments -
Bahrain–Egypt non-oil trade hits $460.5m as investments climb to $450m in 2024
Bahrain–Egypt non-oil trade reached $460.5m in 2024, with Bahraini investments in Egypt valued at $450m, as both nations deepen strategic partnerships Source link
September 2, 2025 in Business News -
Central Park City brings affordable elegance to Johannesburg
Johannesburg’s housing market is set for a boost with Central Park City, a landmark mixed-use development featuring over 3,450 affordable apartments starting at just R595,000. Source: Supplied. The added amenities, from soccer to Pickleball, braai facilities and a swimming pool, are a first of its kind on offer in a new development. There are also
September 2, 2025 in Property & Real Estate -
Millennials drive South African housing market boom with record-high purchases
Millennials are emerging as the driving force behind South Africa’s resurgent housing market, fuelling record-high purchases and renewed buyer confidence. Source: Supplied. With home-loan applications climbing to their strongest levels since 2022, demand is surging particularly in the affordable and mid-market segments. “This upward trend among younger and mid-career buyers reflects a growing demand for
September 2, 2025 in Property & Real Estate -
UAE launches new digital service for ‘To Whom It May Concern’ certificates
The service eliminates the need to visit UAE missions overseas or complete traditional procedures Source link
September 2, 2025 in Business News -
Sea Harvest delivers firm interim results with HEPS surging 91%
The Sea Harvest Group has reported a robust set of interim results for the six months ended 30 June 2025, with headline earnings per share (HEPS) increasing by 91% to 95 cents. The Group’s strong performance was underpinned by global seafood demand, improved catch rates, and efficiency gains across its South African Fishing operations. Revenue
September 2, 2025 in Investments -
Saudi Arabia launches $400m fund to boost startups and SMEs
Saudi Arabia will refund SAR1.5bn ($400m) in government fees to startups and SMEs through the Estrdad initiative Source link
September 1, 2025 in Business News -
South Africa’s property market shows signs of recovery amid city pressures and sector adaptation
South Africa’s property market in mid-2025 is a story of mixed pressures and emerging opportunities. While cities such as Cape Town face unprecedented demand and affordability challenges, national indicators point to a cautiously optimistic recovery in the residential market, supported by an improving economy, expected interest rate cuts, and shifting investor focus towards new real
September 1, 2025 in Property & Real Estate -
Republic of Congo grants TotalEnergies exploration permit
TotalEnergies announced that it has been awarded an exploration permit for the Nzombo area off the coast of the Republic of Congo, close to its already operational Moho facilities. Image credit: Jonathan Gong on Unsplash TotalEnergies said it will operate the asset with a 50% stake, while QatarEnergy will hold a 35% interest and Congo’s
September 1, 2025 in Investments -
DP World deploys electric internal transfer vehicles at its Thailand facility
The first batch of eITVs at Laem Chabang International Terminal will reduce carbon emissions 60% compared to diesel-powered ITVs Source link
September 1, 2025 in Business News -
Emirates Glass to manufacture and distribute ClearVue solar glazing solutions
ClearVue’s technology allows glass to generate electricity from sunlight while maintaining clarity and high-performance insulation Source link
August 31, 2025 in Business News -
US appeals court rules most of President Trump’s tariffs are illegal
It has allowed the tariffs to remain until October 14 to give the Trump administration a chance to file an appeal with the Supreme Court Source link
August 30, 2025 in Business News -
Dubai launches Al Thanya Street upgrades to cut congestion near Sheikh Zayed Road
Dubai’s RTA is upgrading Al Thanya Street with new signals, walkways and junctions, easing congestion and improving safety near Sheikh Zayed Road by September 2025 Source link
August 30, 2025 in Business News -
India announces major new passport rules from September 1
Indian expats in Dubai and across the UAE will face new rules when applying for passports Source link
August 29, 2025 in Business News -
Retire financially free through buy-to-let property investment
Affordable buy-to-let property could be part of the solution to South Africa’s retirement funding crisis. Property investment offers ongoing rental income, protection against inflation, and capital appreciation. The retirement crisis facing South Africans South Africa faces a stark retirement reality: only 6% of people can retire financially free by the traditional age of 60-65. According
August 29, 2025 in Property & Real Estate -
Vukile raises R500m as bond issue sees overwhelming investor interest
Vukile Property Fund (JSE: VKE) has raised R500m through senior unsecured bonds, attracting bids worth over R3bn — six times its target — and securing top-tier pricing. Source: Supplied. Laurence Rapp, chief executive officer of Vukile Property Fund. The three-year tranche of R214m priced at 102 basis points (bps), and the seven-year tranche of R286m
August 29, 2025 in Property & Real Estate -
UAE weather: Rain and fog forecast this weekend
UAE weather authorities forecast rain and fog for coming days Source link
August 28, 2025 in Business News -
How female leaders are reshaping Cape Town’s multi-billion property market
With billions of rands flowing into residential and commercial property investment in the Cape Town city centre post-Covid, it’s clear that there’s no stopping the rejuvenation of the Mother City – and women are emerging as key players in the property landscape. Source: Supplied. Thuthukile Moloto, new GM of Pullman Cape Town, the first Pullman
August 28, 2025 in Property & Real Estate -
Dubai population hits 4 million mark as emirate targets 5 million by 2030: Report
This surge will create demand for around 350,000 new homes in Dubai Source link
August 28, 2025 in Business News -
Kuwait Vision 2035 pushes Kuwaitisation with new laws and private sector incentives
Kuwait Vision 2035 ramps up Kuwaitisation with new laws, training, and incentives to boost private sector jobs for nationals Source link
August 27, 2025 in Business News -
From necessity to trend: Multi-generational homes explained
From accommodating elderly parents or adult children to earning supplementary incomes as rentals or AirBnB’s, the granny flat of old is making a comeback and is driving demand for free-standing homes and larger properties. Source: Supplied. Yunus Randeree, a property professional at Tyson Properties Morningside, Durban has experienced this first hand: “Houses suitable for multi-generational
August 27, 2025 in Property & Real Estate -
Vanessa Pillay reflects on 25 years of leadership in asset management
This Women’s Month, Vanessa Pillay, one of the top women in the asset management industry in South Africa, shares her inspiring story and what she has learnt from 25 years in the corporate investment space. Pillay is the head of Corporate and Commercial Distribution at Ashburton Investments – a role that makes her a vital
August 27, 2025 in Investments -
balancing ambition with the realities of coal and climate finance
Image credit: Roman Khripkov on Unsplash The government’s new 2030-2035 pledge to protect the climate only commits to reducing the 2025-2030 target of 350-420 metric tonnes of carbon dioxide that can be emitted, to 320-380 metric tonnes to be emitted between 2030 and 2035. Scientists from the Presidential Climate Commission, the body advising government on
August 27, 2025 in Investments -
Saudi housing deals hit $33bn H1 2025, Riyadh, Jeddah and Madinah real estate trends revealed
Madinah led Saudi real estate in H1 2025 with values up 49 per cent to $906m, as nationwide housing deals hit $33bn Source link
August 27, 2025 in Business News -
Can Africa’s critical minerals power the next industrial boom?
Africa – and South Africa – must harness its rich endowment of critical minerals to create an industrial powerhouse which can lead the green energy revolution. This, according to Gauteng Growth and Development Agency executive, Sthembiso Dlamini, who addressed the African Critical Minerals Summit in Johannesburg on Monday, 25 August 2025. The continent boasts vast
August 26, 2025 in Energy -
Dubai’s DMCC signs MoU with Swedish fintech Vermiculus to strengthen technology ecosystems
The partnership will see the two entities explore collaboration in the deployment of critical financial technology solutions for exchanges, clearing houses and central securities depositories, including joint projects and knowledge transfer initiatives Source link
August 26, 2025 in Business News -
UAE petrol prices to change for September 2025
UAE petrol prices saw a slight decline last month as part of a period of relative stability Source link
August 25, 2025 in Business News -
the luxury homes that define family legacies
Unlike volatile financial markets or short-term business ventures, real estate offers tangible, resilient value and, for high-net-worth individuals (HNWIs), luxury properties often serve as both lifestyle-enhancing retreats and reliable investment vehicles. Source: Supplied. This is according to Yael Geffen, chief executive officer of Lew Geffen Sotheby’s International Realty, who believes that these “legacy homes” are
August 25, 2025 in Property & Real Estate -
Transformative role of pension funds highlighted at API Summit 2025
The upcoming Africa Property Investment (API) Summit, taking place in Cape Town on 18 and 19 September 2025 at The Westin, will shine a spotlight on the vital role pension funds and other domestic investors are playing in reshaping Africa’s property investment landscape. Source: Supplied. Niyi Adeleye, Standard Bank: Head of Real Estate Finance –
August 25, 2025 in Investments -
UAE warns of 12,000 cyber breaches from public Wi-Fi in 2025
UAE Cyber Security Council warns of 12,000 breaches from public Wi-Fi in 2025, urging VPN use, safe browsing, and multi-factor authentication Source link
August 25, 2025 in Business News -
Dubai to improve airport traffic with expanded Terminal 1 bridge at DXB
Dubai RTA awards contract to expand Terminal 1 bridge at DXB, boosting capacity by 33% to 5,600 vehicles per hour and easing passenger access Source link
August 24, 2025 in Business News -
UAE tourism hits $70bn as AI and smart tech transform hospitality
UAE tourism sector grows to $70bn as AI, smart tech and sustainable innovations reshape hospitality and boost visitor experience Source link
August 23, 2025 in Business News -
Saudi Arabia launches first mortgage-backed securities as SAMA boosts housing finance market
Saudi Central Bank approves Saudi Real Estate Refinance Company to launch the Kingdom’s first mortgage-backed securities Source link
August 23, 2025 in Business News -
UK is the West’s leading Islamic finance hub, says Fitch as funds AUM pass $12.5bn
Fitch: UK to remain West’s Islamic finance hub as LSE leads hard-currency sukuk and AUM surges Source link
August 22, 2025 in Business News -
Who gets the house when the honeymoon is over?
When planning to marry, consider the implications of the type of marriage contract, should you own or intend to buy property for habitation, business or investment, advises Renier Kriek, managing director at home loan provider, Sentinel Homes. Let’s look at the different types of marriage and what you need to know to protect your assets
August 22, 2025 in Property & Real Estate -
Landmark student residence in Stellenbosch strengthened by Maia-Slam partnership
Student Living Asset Management (Slam) is pleased to announce that it has received mezzanine debt funding to acquire a 51% majority stake in Stellenbosch student residence, Academica. Source: Supplied. Tshandu Ramusetheli, chief executive officer at Maia Capital. Slam is a South African real estate private equity fund specialising in student accommodation. It received funding for
August 22, 2025 in Investments -
a new era for African security infrastructure
Kogae Rainbow Investment Holdings has acquired a 65% equity shareholding in Boomgate, a South African manufacturer of high-security access solutions. The acquisition includes both Boomgate Systems (Pty) Ltd and Boomgate International (Pty) Ltd. Source: Kogae Rainbow Investment Holdings. Thabile Wonci, chief executive officer of Kogae Rainbow Investment Holdings says the acquisition represents a transformative opportunity
August 22, 2025 in Manufacturing -
UAE GCSE results 2025: Record grades and 100% pass rates across top schools
UAE GCSE 2025 results revealed: some private schools report record grades, 100% pass rates and top achievements at Horizon, Repton, Aldar and Kent College Source link
August 22, 2025 in Business News -
AIIM partners in R1bn Black women-led infrastructure initiative
African Infrastructure Investment Managers (AIIM), through its IDEAS Fund and Motseng Investment Holdings (Pty) Ltd (Motseng), is proud to announce a landmark partnership: the formation of Motseng Ideas Infrastructure Group (Pty) Ltd (MIIG). MIIG is a proudly South African investment company, managing close to R1bn in assets and backed by scalable capital. With a strong
August 21, 2025 in Investments -
ENEC launches graduate plant operator program to build Emirati nuclear workforce
The initiative is open to Emirati graduates holding bachelor’s degrees in electrical, mechanical, nuclear, and related engineering disciplines Source link
August 21, 2025 in Business News -
Saudi Arabia grants VistaJet license for domestic private flights
Saudi Arabia’s GACA grants VistaJet the first foreign operator certificate for private domestic flights, a milestone in Vision 2030 aviation goals Source link
August 20, 2025 in Business News -
Climate protesters demand reparations from Standard Bank for fossil fuel investments
Dozens of climate activists gathered outside the headquarters of Standard Bank and TotalEnergies in Rosebank on Tuesday, demanding an end to fossil fuel investments in South Africa and across the continent. About 80 people gathered in Rosebank to protest against Standard Bank and TotalEnergies’ investment in fossil fuels. Photo: Kimberly Mutandiro The protest was part
August 20, 2025 in Investments -
Dubai to get 200 ultra-fast EV charging stations by 2025 under Parkin–e& deal
Dubai will install 200 ultra-fast EV charging stations by 2025 under a 10-year Parkin–e& partnership Source link
August 20, 2025 in Business News -
Air Canada flights cancelled: UAE travel update
Air Canada flights to the UAE impacted by strike, find out latest details Source link
August 19, 2025 in Business News -
Lessons from seasoned equity trader Surette Drew
In the fast-paced world of equity trading, where split-second decisions move markets, women are still underrepresented. But pioneers like Surette Drew, a senior equity trader at Prescient Securities, are changing that narrative. Source: Supplied. Surette Drew, a senior equity trader at Prescient Securities. With nearly two decades of experience under her belt, Surette reflects on
August 19, 2025 in Investments -
GCC national income hits $2.14tn in 2023 as exports fall 7 per cent
GCC-Stat data shows national income down 2.7 per cent year-on-year, but non-oil sector posts 6.4 per cent growth, led by finance, transport, and real estate Source link
August 18, 2025 in Business News -
Egypt eyes doubling public free zones to 16 as GAFI targets $140bn exports by 2030
The initiative is designed to strengthen Egypt’s position in global markets and help deliver the government’s 2030 export target of $140 billion Source link
August 18, 2025 in Business News -
DP World revenues soar 20.4% to $11.24bn for H1 despite global trade headwinds
Adjusted EBITDA up 21.4% at $3.03bn; Net profit up 68.5% to $960mn; Company on track for full-year capex target of $2.5bn Source link
August 17, 2025 in Business News -
Air Arabia Abu Dhabi to launch new UAE to Russia flights
Air Arabia to start Abu Dhabi to Yekaterinburg flights to boost UAE-Russia connectivity Source link
August 16, 2025 in Business News -
New UAE school holidays; GCC visa rules; Dubai property boom; Etihad Rail real estate forecast; Abu Dhabi road tolls – 10 things you missed this week
Discover the biggest UAE and GCC headlines this week, from updated school calendars and new travel rules to booming property markets and major infrastructure developments. Source link
August 16, 2025 in Business News -
Saudi Arabia launches easier online permit process for controlled drugs
Travellers to Saudi Arabia can now apply online for permits to carry narcotic or psychotropic medicines — here’s what you need to know Source link
August 15, 2025 in Business News -
Congolese mining firm rebuffs US accusations amid sanctions
The Congolese mining company sanctioned by the United States this week has said it “categorically rejects” allegations linking it to armed groups and mineral smuggling in the turbulent eastern Democratic Republic of Congo. The US Treasury Department announced sanctions against the Cooperative des Artisanaux Miniers du Congo (CDMC) over what it called the illicit sale
August 15, 2025 in Investments -
UAE hands over top Chinese fugitive wanted for multimillion-dollar gambling crimes
UAE authorities have extradited a top Chinese fugitive accused of running a multimillion-dollar online gambling network Source link
August 15, 2025 in Business News -
Dubai economy grows 4 per cent to $32.6bn in Q1 2025 as health, property and finance surge
Dubai’s economy grew 4 per cent year-on-year, led by a 26 per cent surge in the health sector and strong performances in property and financial services Source link
August 14, 2025 in Business News -
World equities hit record highs, US yields fall on optimism for Fed rate cut
An index of global equity markets rose to a record high for the second straight session on Wednesday, 13 August 2025 partly underpinned by bullish sentiment on Wall Street as investors positioned for a likely interest rate cut from the US Federal Reserve. Source: Reuters. The MSCI All Country World Index rose as high as
August 14, 2025 in Investments -
Saudi gaming market surges with 2.4m consoles imported amid esports boom
Saudi Arabia’s gaming industry surges with 2.4m consoles imported, faster game response times, and a $70m Esports World Cup in Riyadh Source link
August 13, 2025 in Business News -
Power Plastics leads the cold chain shift: Sustainable thermal liners
As the global demand for sustainable logistics intensifies, Power Plastics, a South African leader in temperature-control logistics solutions, is pioneering a greener, more efficient future for cold chain transport. Shifting to more advanced Thermal Container Liners and Thermal Pallet Covers, producers and freight operators are eliminating the need for wasteful packaging like polystyrene, reducing temperature-related
August 13, 2025 in Manufacturing -
De Beers unearths new kimberlite field in Angola
De Beers’ joint venture in Angola has discovered a new kimberlite field, the most common source of mined diamonds, its first such discovery in three decades. Image credit: De Beers The Anglo American unit is jointly exploring for diamonds in Angola in partnership with the country’s state-owned diamond company Endiama. De Beers stated in a
August 13, 2025 in Investments -
The Shurooq story is all about investing in people, planet, and place
Shurooq on defining the future urban and economic identity of Sharjah Source link
August 13, 2025 in Business News -
Saudi Arabia’s Red Sea International Airport now handling domestic and international flights
Saudi Arabia’s Red Sea International Airport will welcome one million guests annually by 2030 Source link
August 12, 2025 in Business News -
Mahindra opens new vehicle assembly facility in Durban
Mahindra South Africa has officially opened its new, purpose-built vehicle assembly facility at the Dube TradePort Special Economic Zone in KwaZulu-Natal, signalling a major expansion in its local operations as the brand enters its third decade in the country. Image supplied The plant, developed from the ground up near Mahindra’s original 2018 assembly site, is
August 12, 2025 in Manufacturing -
Will US impose new gold tariffs? Barrick CEO shares outlook
Barrick Mining CEO Mark Bristow said on Monday that the gold industry is awaiting clarity from the White House regarding potential US tariffs on gold bars, but added that, regardless of the outcome, the impact on miners would be minimal. Image credit: Jingming Pan on Unsplash According to a ruling published on the US Customs
August 12, 2025 in Investments -
Qatar welcomes 2.6m visitors in H1 2025 as tourism adds over $15bn to GDP
Qatar has seen significant growth to its tourism sector, with GCC and Europe leading visitor numbers Source link
August 11, 2025 in Business News -
PG Bison announces R240m future investment in new Melamine Faced Board line at Mkhondo facility
PG Bison, a leading manufacturer of wood-based panel products, is proud to announce that its shareholder, KAP Limited, has approved a R240m investment for a new high-volume, high-pressure Melamine Faced Board (MFB) line that will be installed at its Mkhondo facility in Mpumalanga. This will be the fourth MFB line at the site, and the
August 11, 2025 in Manufacturing -
Rolls-Royce sells its UK Pension Fund in a $5.8bn deal with PIC
Said to be “another step on our journey towards simplifying Rolls-Royce”, it is the largest UK risk-transfer deal so far this year Source link
August 11, 2025 in Business News -
Saudi Arabia’s industrial production jumps 7.9 per cent in June 2025, driven by manufacturing and oil growth
Saudi Arabia records growth in key industrial sectors as manufacturing shines Source link
August 10, 2025 in Business News -
UAE and Russia sign deal to boost $11.5bn trade relations
UAE and Russia sign Trade in Services and Investment Agreement Source link
August 10, 2025 in Business News -
Dubai real estate sector recorded $5.9bn of transactions last week, including $2.1bn of mortgages
The Dubai real estate sector saw $5.9bn of transactions and 4,154 sales last week Source link
August 9, 2025 in Business News -
Abu Dhabi real estate: Residential prices surge 17.3% with strong demand from global investors
Abu Dhabi sees significant hike in real estate prices, top locations revealed Source link
August 8, 2025 in Business News -
Riyadh launches first phase of managed residential parking to slash congestion and protect spaces for residents
Smart permits via Riyadh Parking app to regulate 140,000 spaces as city advances Vision 2030 urban mobility goals Source link
August 8, 2025 in Business News -
Union Properties subsidiary acquires House Keeping for $27.23mn
Acquired company had revenues of $60.2mn and an EBITDA of $5.83mn for the fiscal year 2024 Source link
August 7, 2025 in Business News -
Dubai’s Naïa Island to feature first Cheval Blanc resort and ultra‑luxury beachfront homes
A limited number of residences and estate plots with private beach access will also be released for sale Source link
August 6, 2025 in Business News -
34,000 local jobs threatened by Shein and Temu’s growth in SA
Over 34,000 clothing retail and manufacturing jobs could be displaced in South Africa by 2030 if offshore e-commerce platforms like Shein and Temu continue to gain market share. This is according to a new study commissioned by the Localisation Support Fund (LSF) and conducted by BMA in support of the Retail-Clothing, Textile, Footwear and Leather
August 6, 2025 in Manufacturing -
Azizi Developments launches Azizi Abraham in Dubai’s Jebel Ali Free Zone
Azizi Abraham features a selection of studios, 1-, 2-, and 3-bedroom apartments Source link
August 6, 2025 in Business News -
Paris, Phuket top UAE travel bookings as residents opt for late-summer getaways
Rounding out the top five most-booked international destinations were the UK, Turkey, and the Maldives Source link
August 5, 2025 in Business News -
Rate cuts boost savings, drive housing demand
The banks remain committed to supporting first-time homebuyers and it is expected that their presence in the market will continue to strengthen. Source: Supplied. Rhys Dyer, chief executive officer of the ooba Group. This was the sentiment of Rhys Dyer, chief executive officer of the ooba Group who welcomed the announcement by the South African
August 5, 2025 in Property & Real Estate -
Seismic shifts expected in SA metals sector due to US tariffs
On 1 August 2025, the United States’ 30% import tariff on South African exports went into effect. The widespread effect this will have on South African industries is monumental, with particular concern within the metals and engineering sector, which relies on the US for approximately 8% of its total output. Image credit: Mads Eneqvist on
August 5, 2025 in Manufacturing -
Dubai real estate: 24 projects worth AED4.5bn completed in first half of 2025
Dubai welcomed 90,337 new real estate units in H1 2025 and saw lease value growth of 5%, amid strong rental and sales demand Source link
August 5, 2025 in Business News -
UAE establishes National Anti-Narcotics Authority to strengthen drug control efforts
The new Authority is an independent federal entity affiliated with the UAE Cabinet. Source link
August 4, 2025 in Business News -
Ex-Shell exec to lead Dangote’s refinery amid expansion drive
Nigeria’s Dangote Group has appointed David Bird, a former Shell executive and ex-CEO of 0Q8 refinery in Oman, as chief executive of its refinery and petrochemical division, as it accelerates its pan-African growth strategy. Image credit: Dangote Bird, whose appointment took effect on August 1, brings over three decades of industry experience, including a 14-year
August 4, 2025 in Investments -
How public-private partnerships can benefit from the National Treasury Regulation amendments
On 7 February 2025, the Minister of Finance promulgated Gazette Notice 5841, amending NTR (National Treasury Regulation) 16, which governs public-private partnership (PPP) approvals under the Public Finance Management Act. Image source: LipikStockMedia from Freepik These amendments flow from a 2019 review of South Africa’s PPP framework and aim to streamline approvals, bolster governance and
August 4, 2025 in Investments -
Developing EPR for fashion and textiles
South Africa has yet to implement extended producer responsibility (EPR) for the fashion and textiles industry. If it had to (sometime soon, please!), how would it even work? That’s what an expert panel set to unpack at Twyg and Imiloa Collective’s 2025 Africa Textile Talks, held in Cape Town. Image credit: Paulo Sérgio Zembruski on
August 4, 2025 in Manufacturing -
Over a million Dubai residents to benefit from RTA’s new Umm Suqeim tunnel
It reduces travel time between Sheikh Mohammed bin Zayed Road and Al Khail Road by 61% – from 9.7 minutes to 3.8 minutes Source link
August 3, 2025 in Business News -
Abu Dhabi’s IHC to invest $500mn in reinsurance premiums with RIQ
Launched earlier this year, RIQ will deliver AI-native risk transfer solutions for IHC and its group companies over 10 years Source link
August 3, 2025 in Business News -
Abu Dhabi’s Mubadala invests in AI open-source company Anaconda
Abu Dhabi company participates alongside Insight Partners in $150mn Series C Funding that values Anaconda at $1.5bn Source link
August 2, 2025 in Business News -
RED Summit explores design ideas and forges connections for Vision 2030
Source link
August 1, 2025 in Business News -
Soaring demand and land scarcity make Cape Town and Durban investor hotspots
As global supply chains shift under the weight of e-commerce, localisation and climate risk, Cape Town and Durban have emerged as two of Africa’s most investable logistics and industrial (L & I) markets due to their resilience, adaptability and strong investor appeal. Shane Howe, Head of Western Cape Industrial Broking at Cushman & Wakefield |
August 1, 2025 in Property & Real Estate -
Why global equities are outperforming private equity in 2025
The Schroders Global Investor Insights Survey 2025 reveals that investors see public equities as offering the best return potential among major asset classes. Public equities are the top choice for 46% of respondents, slightly ahead of private equity (45%). Source: Supplied. Philip Robotham, Schroders Head of Wealth, South Africa. Alex Tedder, chief investment officer of
August 1, 2025 in Investments -
Life-changing benefits for thousands of employees
Woolworths has announced a first-of-its-kind benefits package designed to change the lives of thousands of its employees. Source: © Festival Mall Festival Mall Woolworths has announced a first-of-its-kind benefits package designed to change the lives of thousands of its employees In addition to the range of benefits already available to them, as of July this
August 1, 2025 in Investments -
AB Majlis podcast: Protecting two lives with one shot
Backed by science, proven by decades of data, and monitored by trusted authorities, these vaccines are a vital part of modern prenatal care Source link
August 1, 2025 in Business News -
Bvlgari opens first luxury mansion at new Bodrum resort development
The completed six-bedroom mansion spans two floors and features a staircase, double-height living area with floor-to-ceiling windows, dining space with open kitchen, fitness room with Technogym equipment, and massage room Source link
July 31, 2025 in Business News -
3,500 jobs at risk at ArcelorMittal SA’s steel operations
ArcelorMittal South Africa said it is still on track to close its loss-making long steel operations in September, as talks with the government have not provided a solution. Image credit: Reuters The steelmaker also posted a half-year headline loss of R1.014bn, slightly narrower than a R1.1bn rand loss reported previously, on persistently low sales volumes
July 31, 2025 in Manufacturing -
South African rand drops to one-month low as tariff cloud hangs over interest rate decision
The South African rand was flat on Thursday, 31 July 2025 ahead of an interest-rate decision by the South African Reserve Bank (Sarb), as the country hopes to strike a trade agreement with the US before new US import tariffs take effect on 1 August. Source: Reuters. At 0729 GMT the rand traded at 17.9825
July 31, 2025 in Investments -
Prada Group posts strong first-half 2025 results despite global challenges
The Prada Group has reported a solid performance for the first half of 2025, with consolidated net revenues rising 9% year-on-year to €2.74bn. Despite a turbulent economic climate, the company credits strong brand appeal and creative momentum for driving growth, particularly at Miu Miu, which saw retail sales soar by 49%. Key highlights (growth percentage
July 31, 2025 in Investments -
National house-price inflation hits highest growth since 2007
While the Western Cape continues to lead the way in national house-price inflation recovery, the comeback is broad-based, with growth in house prices accelerating across all three major regional markets. Source: Supplied. Andrew Golding, chief executive of the Pam Golding Property group. This is according to Andrew Golding, chief executive of the Pam Golding Property
July 31, 2025 in Property & Real Estate -
African central banks’ gold rush faces liquidity, price risks, Fitch unit says
Sub-Saharan African central banks that have added gold to their reserves in recent years could face price and liquidity crises if the value of the precious metal slides, BMI, a unit of Fitch Group, said on Wednesday, 30 July 2025. Source: Reuters. Ghana, Tanzania and Nigeria have been buying gold domestically to beef up their
July 31, 2025 in Investments -
Submissions open for 10th African Power & Energy Elites
Are you or do you know Africa’s most impactful energy and water sector leaders, pioneers, and innovators? Well then, you can submit a nomination for the 10th African Power and Energy Elites: People and Projects. Image supplied. Known as The Elites, this annual initiative honours the changemakers transforming lives and systems across the continent –
July 31, 2025 in Energy -
Air Arabia announces two new routes to Russia
The airline said the two new routes mark continued expansion from its Ras Al Khaimah hub, complementing existing direct flights to Moscow Source link
July 31, 2025 in Business News -
Joyalukkas secures AED500m capital boost from Emirates NBD for global expansion
The deal is fully integrated with Emirates NBD’s advanced digital and trade platforms, offering Joyalukkas real-time visibility and convenience across its financial operations. Source link
July 30, 2025 in Business News -
UAE restaurant chain Allo Beirut makes first Lebanon debut on Hamra Street
The Lebanon opening represents Allo Beirut’s entry into its fourth market Source link
July 29, 2025 in Business News -
Euro hits one-month low after reality check on US-EU trade deal
The euro hit a one-month low against the dollar on Tuesday, 29 July 2025 as investors sobered up to the fact that terms of the trade deal between the US and the European Union favoured the former and did little for the bloc’s economic outlook. Source: Reuters. The common currency fell as much as 0.5%
July 29, 2025 in Investments -
Seeff warns of economic stall without quick rate cut
The delays in cutting the interest rate, despite the favourable conditions, have been detrimental to the primary objective of SA’s economic growth and job creation. There is simply no longer any time for a “wait and see” approach. Source: Supplied. Samuel Seeff, chairman of the Seeff Property Group. This is the take-home message of Samuel
July 29, 2025 in Property & Real Estate -
Dubai Chambers launches first family business advisor directory with 56 trusted consultants
The centre, which operates under Dubai Chambers, created the initiative to help family businesses access consultancy services in administrative and operational areas Source link
July 29, 2025 in Business News -
Dubai RTA launches second phase of marine transport station upgrades across five locations
The phase covers five Dubai stations: Al Fahidi, Baniyas, Al Seef, Sheikh Zayed Road, and Bluewaters Source link
July 28, 2025 in Business News -
Coca-Cola’s R365m high-speed line sets new standards
Coca-Cola Beverages Africa (CCBA) has invested R365m in a new bottling line capable of producing 72,000 bottles per hour at its plant in Midrand, South Africa. The high-speed production line reportedly marks a South African first, producing Bonaqua Pump Still 750ml and Powerade 500ml packs with an innovative sports bottle cap. Beyond this milestone, the
July 28, 2025 in Manufacturing -
Amazon extends Prime Day sale due to ‘thoughtful shopping’ shift in UAE, Saudi, says chief
“There has never been a better time to be a Prime member,” Stefano Martinelli, VP Amazon Middle East told Arabian Business Source link
July 27, 2025 in Business News -
Dubai real estate: London Gate launches three residential projects under new OCTA Properties deal
London Gate will serve as the launching developer, while OCTA Properties will handle sales and marketing for all three Dubai projects Source link
July 27, 2025 in Business News -
Saudi Arabia announces new property ownership law
Ownership remains prohibited in certain locations and regions, particularly in Saudi Arabia Makkah and Madinah, except under conditions Source link
July 26, 2025 in Business News -
HCLTech is driving GenAI-led transformation in the Middle East by reimagining customer experience
HCLTech’s enterprise-grade cognitive virtual agent with generative AI offers dynamic, personalised, and intelligent engagement. Source link
July 26, 2025 in Business News -
Smart Capital, Smarter Homes: FAB new services offer business-minded investors a strategic edge
Source link
July 25, 2025 in Business News -
UK sees 40% surge in tax contributions from wealthy amid rising high-net-worth exodus
The findings come amid a growing trend of high-net-worth individuals (HNWIs) exiting the country Source link
July 24, 2025 in Business News -
BMW spotlights R4.2bn EV drive at Rosslyn during Ramaphosa visit
BMW Group South Africa hosted President Cyril Ramaphosa and senior members of government at its Rosslyn plant in Tshwane today, 24 July, highlighting its long-term investment in local manufacturing and the company’s role in advancing industrial growth. Image supplied The visit included BMW AG board members Milan Nedeljković and Ilka Horstmeier, who used the engagement
July 24, 2025 in Manufacturing -
Prime Kapital supercharges MAS offer with potential doubled liquidity
In an upcoming podcast with The Finance Ghost to be released on Thursday, 24 July, Martin Slabbert, CEO of Prime Kapital, confirmed significant progress on funding and reiterated the strong value proposition behind PKI’s voluntary offer for MAS. Martin Slabbert “We previously announced that over R2.2bn has been allocated to fund the cash portion of
July 24, 2025 in Property & Real Estate -
Maria Sharapova joins Lewis Hamilton as global ambassador for CFI
CFI, an online trading provider, has announced that Maria Sharapova will join Lewis Hamilton as global brand ambassador. Sharapova joins CFI in a multi-year agreement. Sharapova joins Hamilton as a brand ambassador. Source: Supplied. Campaigns Renowned for her achievements on the court and her expansive success beyond it, including business, fashion, media, wellness, and recently
July 24, 2025 in Investments -
Qatar Airways partners with Hans Zimmer to create new airline sonic identity
The new signature sound forms part of the Qatar Airways’ evolving brand identity Source link
July 24, 2025 in Business News -
South Africa’s small inflation rise leaves room for rate cuts, analysts say
South Africa’s inflation rate edged higher in June, reaching the base of the central bank’s target range, but analysts said there was still scope to ease monetary policy. Source: Reuters. Headline consumer inflation rose to 3.0% year-on-year, up from 2.8% in May and in line with the median forecast of economists polled. The South African
July 23, 2025 in Investments -
Why Dubai’s luxury real estate market is booming among global investors
Strategically located within a short flight from most parts of the world, dynamic Dubai is ranked among the safest and fastest-growing cities globally. With around 85% of its population made up of expatriates, it has become one of the top five luxury residential markets worldwide. Backed by a thriving economy, investor confidence, and rising demand
July 23, 2025 in Property & Real Estate -
Lula celebrates a decade of powering South African SMEs
From their origins as Lulalend, a pioneering digital lender, the fintech founded by CEO Trevor Gosling and CTO Neil Welman has evolved into a comprehensive digital business banking platform (Lula), consistently demonstrating innovation, agility, and a deep understanding of the unique challenges and opportunities faced by South African SMEs. “We have evolved in leaps and
July 23, 2025 in Manufacturing -
Dubai e-hailing service Hala reports 12% trip growth in first half of 2025
Hala expanded its fleet by 250 vehicles during H1, with 600 more planned for deployment Source link
July 23, 2025 in Business News -
Meet Emira’s new CEO: James Day
Following the announcement of his appointment in May, James Day has formally assumed the role of chief executive officer at Emira Property Fund (JSE: EMI), one of South Africa’s most established diversified real estate investment trusts (REITs). Day has served as a non-executive director of Emira since October 2023 and now moves into executive leadership
July 22, 2025 in Property & Real Estate -
MAS shareholders urged to reject Hyprop’s value-destructive offer
MAS shareholders are strongly urged to exercise caution and reject the recent unsolicited offer made by Hyprop Investments Limited (“Hyprop”). The purported offer is not only economically unattractive but also raises significant governance and regulatory red flags. Martin Slabbert Hyprop’s offer fails JSE standards and is a disguised free option request PK Investments Limited (“PKI”),
July 22, 2025 in Property & Real Estate -
UAE jobs: Emirates Group announces MASSIVE recruitment drive
Emirates Group will host more than 2,100 open days and talent acquisition events across 150 cities throughout the year Source link
July 22, 2025 in Business News -
Ibex sells 28% stake in Pepkor Holdings
Ibex Investment Holdings, formerly known as Steinhoff International Holdings, will exit its 28% stake in clothing retailer, Pepkor Holdings. The company will offer one billion shares, worth about R28bn, according to the terms of the deal published Monday, 21 July 2025. Demand for the shares exceeded the stock being offered within minutes of the transaction
July 22, 2025 in Investments -
UAE jobs: Private sector employment hits new milestone with 152,000 Emiratis
MoHRE noted that the increase in the number of UAE citizens employed in the private sector reflects the sustainability of the country’s growth Source link
July 21, 2025 in Business News -
Ngodwana Mill earns Double Diamond safety honour for LTIF excellence
Sappi Ngodwana Mill, a cornerstone of excellence in sustainable manufacturing, has reached a major safety milestone: four million lost time injury free (LTIF) manhours as of 9 June 2025. This remarkable accomplishment – which equates to around nine months worked without incurring a single lost time injury – has earned the mill a Double Diamond
July 21, 2025 in Manufacturing -
Mubadala begins construction of Abu Dhabi Al Maryah Waterfront enhancement project
Abu Dhabi’s Al Maryah Island will feature a 30-metre luminous sphere and AI-Powered water features Source link
July 21, 2025 in Business News -
Dubai RTA completes major bus station upgrades
The work forms part of a plan to expand the public transport network, raise service quality, and provide mobility services for Dubai’s residents and visitors Source link
July 20, 2025 in Business News -
Sharjah Police bust massive drug network operating Between Canada, Spain, UAE
The investigation began when Sharjah Police observed an Arab individual repeatedly entering the UAE with his family Source link
July 19, 2025 in Business News -
Dubai real estate: Property market sales surge 46% as market value hits $41.3bn in Q2 2025
The performance reinforces Dubai’s position as a key property hub in the region Source link
July 19, 2025 in Business News -
Diriyah awards $1.53bn contract to build landmark arena and office district
New 20,000-seat Diriyah Arena and mixed-use complex mark major milestone in Saudi Arabia’s Vision 2030 transformation Source link
July 18, 2025 in Business News -
Rise of green manufacturing: Future-proofing Africa through sustainability
The conditions under which the global manufacturing sector creates value are shifting. Carbon intensity and environmental compliance now shape industrial performance in ways that were previously treated as secondary, and these factors are beginning to influence core decisions around investment and supply chain design – especially in economies under pressure to simultaneously industrialise and decarbonise.
July 18, 2025 in Manufacturing -
Why safety is the new status symbol in Johannesburg’s property market
In Johannesburg’s fast-evolving property landscape, one trend is standing out with unmistakable clarity: safety has become the ultimate dealbreaker—especially for women. Source: Supplied. Claude McKirby, co-principal of Lew Geffen Sotheby’s International Realty’s Southern Suburbs office. A 2023 Lightstone Property Security Survey revealed that 78% of female buyers in the city rank multi-layered security systems as
July 18, 2025 in Property & Real Estate -
Kuwait launches new online visa portal for tourists, families, and business visitors
New e-visa platform simplifies entry to Kuwait for four major visa categories Source link
July 18, 2025 in Business News -
Navigating ESG disclosure changes in SA
Environmental, social, and governance (ESG) factors have grown in significance for businesses worldwide, including South African financial institutions. Image credit: Singkham on Pexels ESG disclosure helps stakeholders understand how companies manage ESG risks and opportunities and how they perform against ESG criteria. As regulatory frameworks continue to evolve, financial institutions must stay informed about current
July 17, 2025 in Investments -
ALAIN launches first Vida-branded residences in Abu Dhabi
The development will have 121 contemporary and fully-furnished residences that promise to stand out for its creative design and sophistication Source link
July 17, 2025 in Business News -
Dubai launches world’s first human–machine collaboration classification for content transparency
New global icon system approved by Sheikh Hamdan bin Mohammed helps distinguish between human and AI contributions in research, publishing, and creative work Source link
July 16, 2025 in Business News -
Top suburbs for buy-to-let investments in South Africa: where to invest now
High yields, low vacancies and rising rental demand are fuelling investor confidence in South Africa’s rental market. Source: Supplied. Bradd Bendall, BetterBond’s National Head of Sales. With the country’s average gross rental yield reaching 10.36% in Q2 2025 and national vacancy rates at their lowest since 2016, conditions are ripe for property investors. Bradd Bendall,
July 16, 2025 in Property & Real Estate -
Durban G20 talks will seek to deepen global ties in “turbulent times,” German sources say
A meeting of finance ministers and central bank governors from the Group of 20 in Durban, South Africa, will seek to deepen global relationships in “turbulent times”, German finance ministry sources said on Tuesday, 15 July 2025. Source: Green Database. The Durban gathering of finance chiefs on Thursday and Friday will be the third meeting
July 16, 2025 in Investments -
Dubai Metro Blue Line: Emirates NBD gives green light for funding on $5.6bn transport megaproject
The $5.58bn Dubai Metro Blue Line project will connect communities and serve 350,000 daily passengers by 2040 Source link
July 16, 2025 in Business News -
Saudi inflation holds steady at 2.3% in June 2025 as consumer and wholesale prices stabilise
Saudi Arabia’s annual inflation rate remained unchanged at 2.3 per cent in June 2025 Source link
July 15, 2025 in Business News -
Igniting youth potential: A call to empower the next generation of entrepreneurs
In a world where challenges often overshadow opportunities, it is crucial to remind our youth that giving up is not an option. The Hope Factory and Saica Enterprise Development are lighting the way forward, offering young people the tools, support, and inspiration they need to thrive through socio-economic development, skills development, and financial excellence programme
July 15, 2025 in Venture Capital -
Cape Town is stitching together a thriving clothing industry
At the 20th AGM of the Cape Clothing and Textile Cluster (CCTC), I received the Industry Champion Award, a deeply meaningful recognition of the work done together to strengthen Cape Town’s clothing and textile sector. Alderman James Vos, Mayoral Committee Member for Economic Growth with Wilma Engelbrecht, an employee at Prestige Clothing, in Epping. Image
July 15, 2025 in Manufacturing -
Bitcoin payments startup MoneyBadger raises R7m
Cape Town-based fintech company MoneyBadger has raised $400,000 (approximately R7m) in pre-seed funding to expand its crypto payments network across South Africa and beyond. Carel van Wyk, CEO MoneyBadger | image supplied The round was led by Africa-focused venture capital firm P1 Ventures, with support from three angel investors active in the crypto space. With
July 15, 2025 in Venture Capital -
Govt in ‘firefighting mode’ to save ArcelorMittal’s 3,500 jobs
Talks with the South African government have so far achieved little progress in preventing the closure of loss-making long steel operations at ArcelorMittal South Africa, the company said on 14 July 2025. Image credit: Reuters The South African unit of world number two steelmaker ArcelorMittal SA initially said in November 2023 it planned to close
July 15, 2025 in Manufacturing -
Etihad Airways carries 1.8m passengers in June as 2025 traffic tops 10m
Etihad passenger growth up 17 per cent in H1 2025 as Abu Dhabi airline expands routes and boosts fleet to 101 aircraft Source link
July 14, 2025 in Business News -
27 Grey set to elevate Welgemoed living
A rare blend of modern luxury and established charm is coming to Welgemoed, where tradition meets transformation in one of Cape Town’s most sought-after suburbs. Source: Supplied. A bold new architectural landmark, 27 Grey introduces sculptural, contemporary design to an area best known for its leafy tranquillity and spacious freehold homes. With panoramic views stretching
July 14, 2025 in Property & Real Estate -
Saudi Power Procurement Company to buy $8.3 billion worth clean energy
The company signs Power Purchase agreement for 15GW with ACWA Power, PIF’s Badeel and Saudi Aramco’s Aramco Power Source link
July 14, 2025 in Business News -
Dubai Police arrest and extradite 3 INTERPOL-wanted suspects linked to major organised crime in Belgium
Dubai Police arrest prime suspects in organised crime gang Source link
July 13, 2025 in Business News -
Air India: Engine fuel switches cut off before crash that killed 260: report
Investigation into Air India accident in Ahmedabad in June contains details of pilot discussions Source link
July 13, 2025 in Business News -
Dubai luxury property market hits record high in H1 2025 with 3,731 sales above $2.72m
Dubai real estate report shoes 62.7 per cent surge in ultra-prime deals, with Indian, UK, German, and Portuguese buyers driving momentum Source link
July 12, 2025 in Business News -
Qatar Airways now has the world’s fastest inflight Wi-Fi after Boeing 777 upgrade
Qatar Airways completes record Starlink Wi-Fi rollout on 54 Boeing 777s, sets new standard for in-flight connectivity Source link
July 11, 2025 in Business News -
Why fractional investing is Africa’s gateway to global wealth creation
Imagine being able to invest in top-performing global companies with just R150. Thanks to fractional investing, this is no longer a dream for Africans eager to grow their wealth – it’s a reality. Source: Supplied. Platforms like Bamboo have opened access to over 3,000 US-listed stocks, making global markets accessible to more than 500,000 Africans
July 11, 2025 in Investments -
LIV Golf secures major sponsorship support from HSBC Bank
The London-headquartered bank becomes the Official Bank of the PIF-backed League and will also sponsor the Crushers and Majesticks teams Source link
July 11, 2025 in Business News -
Saudi airlines ranked most on-time globally in June 2025 as Saudia and flyadeal top charts
Saudia ranks first globally for on-time flights in June 2025, with flyadeal leading Middle East and Africa Source link
July 10, 2025 in Business News -
Renewable energy to power 500mw data centre in Morocco
Morocco plans to build a 500 megawatt data centre powered by renewable energy to strengthen the security of data storage, its digital transition minister said. Image credit: Unsplash The centre will be located in Dakhla, in Western Sahara, Amal El Fallah Seghrouchni told Reuters, without giving details on the timeline or cost. Several countries are
July 10, 2025 in Energy -
Gauteng rental market booms as semigrants return for affordable living
Gauteng’s rental market — the largest in South Africa — is gaining momentum as returning semigrants and new arrivals seek affordable living options in the country’s economic heartland. Source: Supplied. With nearly 38% of households renting, and demand rising faster than supply, the region is fast becoming a hotspot for both tenants and savvy property
July 10, 2025 in Property & Real Estate -
Dubai startup XPANCEO valued at eye-popping $1.35bn as it develops futuristic night-vision contact lenses
Dubai unicorn to launch world’s first AI-powered XR smart lens with night vision, health monitoring, and zoom Source link
July 9, 2025 in Business News -
Thinkroom and The Oracle Group launch Oracle Innovate Lab to support Eswatini entrepreneurs
This founder-focused programme is designed to support early and growth-stage entrepreneurs in Eswatini who are serious about scaling their businesses and stepping into new markets. Launching in August 2025, the six-month programme will combine one-on-one mentorship, hands-on masterclasses, and practical sessions to help founders build, pitch, and grow with purpose. The hybrid format allows for
July 9, 2025 in Investments -
Al Seer Marine secures $207mn loan from ADCB to accelerate expansion
The facility, on an 8-year term, strengthens Al Seer’s capital structure to support diversified fleet growth and strategic investments Source link
July 9, 2025 in Business News -
Middle East construction: Saudi Arabia’s building boom faces rising costs and labour crunch
Saudi Arabia’s construction boom is leading to rising costs in a building sector driving economic growth in the Kingdom Source link
July 8, 2025 in Business News -
US–South Africa trade relations hit new low
US President Donald Trump has confirmed that a sweeping 30% tariff will be imposed on all South African goods entering the United States, effective 1 August 2025. Source: Donald J. Trump/Facebook. The move forms part of Trump’s controversial “Liberation Day” trade package, designed to rebalance America’s global trade relationships. The decision has drawn immediate criticism
July 8, 2025 in Manufacturing -
Proven performance drives investor demand in Pietermaritzburg’s Hesketh Estate
Since its launch in 2020, Hesketh Estate has consistently delivered impressive returns, with early phases like Alfa achieving capital growth of over 36% in just five years. Source: Supplied. Averaging 10 sales per month in its first year, the estate has rapidly built a reputation for secure, high-quality living in one of KwaZulu-Natal’s fastest-growing cities.
July 8, 2025 in Property & Real Estate -
Backpedalling on PPS will devastate scrap metals
According to Coega Steels director Amit Saini, South Africa is in no position to play with existing policies that are already ‘only just’ managing to preserve scrap stocks. Image supplied. He warned that backpedalling on export tax or provisions of the price preference system (PPS) would be ‘devastating and create an existential crisis’ for mini
July 8, 2025 in Manufacturing -
UAE rescues ship’s 22 crew members after Red Sea attack
The UAE answered a distress call and saved all 22 crew of ship attacked in Red Sea Source link
July 8, 2025 in Business News -
KITE 2025 – supporting industrial growth in manufacturing
The manufacturing sector in KwaZulu-Natal is evolving rapidly, driven by technological advancements, and the need for more sustainable production methods. To remain competitive, though, businesses in the region must stay informed about the latest industry trends. The KwaZulu-Natal Industrial Technology Exhibition (KITE), taking place from 22-24 July 2025 at the Durban Exhibition Centre, provides a
July 7, 2025 in Manufacturing -
Saudi Arabia construction output hits $148bn in first half 2024, up 4.6% year-on-year
The figures, released in Knight Frank’s Saudi Arabia Construction Landscape Review, show construction in the Kingdom has grown year-on-year since 2020 Source link
July 7, 2025 in Business News -
Dubai real estate: Investors can soon buy, sell property under new DLD, Crypto.com deal
The agreement follows the Dubai Government’s announcement of plans to enable payment of government fees using digital currencies Source link
July 6, 2025 in Business News -
BlackRock reportedly talking to Aramco to sell stake in pipelines business
The American investment company had acquired 49% of the entity that holds leasing rights over Aramco pipelines for $15.5bn Source link
July 6, 2025 in Business News -
Saudi Arabia’s Red Sea Global ‘on track’ to open AMAALA, 11 resorts fuelled by ‘surging’ investor demand
The next 6 to 12 months will see “continued evolution” of Red Sea Global’s offerings, Ahmad Darwish, Group Chief Administrative Officer said Source link
July 5, 2025 in Business News -
UAE travel update: flydubai and Air Arabia flight latest
Air Arabia and flydubai to restart UAE flights to Iran Source link
July 4, 2025 in Business News -
Africa’s sustainability changemakers unite: YES ESG and Beyond Awards
SEACon, previously known as the ESG Africa conference, is proud to announce the launch of the third edition of the ‘Beyond Awards’. This year, the organisers of the event are excited to announce that the Beyond Awards will be co-located with the YES (Youth Employment Service) ESG Awards. Both events provide a platform to recognise
July 4, 2025 in Energy -
Americana Restaurants expands into premium retail with carpo franchise
The company will build and operate carpo stores in Kuwait and Qatar, with plans to expand across Bahrain and Saudi Arabia Source link
July 4, 2025 in Business News -
how residential conversions are tackling office oversupply
In a striking shift that signals the office market’s adaptation to post-pandemic realities, nearly one in five office property purchases in South Africa is now intended for residential or mixed-use conversion. Source: Supplied. John Loos, Senior Property Economist at FNB. In Johannesburg, that number soars to 38.1%, according to FNB’s latest Property Broker Survey. These
July 3, 2025 in Investments -
UAE showcases eco-friendly cloud-seeding advances
The UAE’s Rain Enhancement Programme explores sustainable cloud seeding materials to secure future water resources Source link
July 3, 2025 in Business News -
Standard Bank and ICBC partnership opens doors for African exports at massive trade expo
Just as Africa’s leading exporters converged in China for the 2025 China–Africa Economic and Trade Expo (CAETE), a landmark announcement electrified the trade landscape: China declared zero import duties on goods from the 53 African countries with diplomatic ties. Source: Supplied. This timely move slashed costs for African products and opened the door to a
July 3, 2025 in Manufacturing -
Engie completes Africa’s biggest wind farm
French utility Engie has completed Africa’s largest wind farm four months early, as it targets the Middle East and North Africa as a priority region for future renewables growth. Image credit: Matt Artz on Unsplash The 650 megawatt (MW) Red Sea Wind Energy project in Egypt project can power more than a million households annually,
July 3, 2025 in Energy -
Unified visa for UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman launching ‘soon’ says GCC chief
The unified tourist visa for UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman is expected to be announced soon Source link
July 3, 2025 in Business News -
Air Arabia launches daily Sharjah-Prague flights starting December 2025
The service will operate daily between Sharjah International Airport and Václav Havel Airport Prague, connecting the UAE with the Czech Republic capital Source link
July 2, 2025 in Business News -
Dubai Airshow 2025 opens registration with new night events, runway networking, and focus on innovation
Dubai Airshow 2025 opens registration, introduces night-time programming and runway networking for aviation leaders Source link
July 1, 2025 in Business News -
Dollar hits near 4-year low versus euro, weighed by worries over tax bill, trade deal
The dollar hit a near four-year low against the euro on Monday, 29 June 2025 amid worries over the rising US government deficit and uncertainty surrounding trade deals with major countries. Source: Reuters. Senate Republicans will try to pass President Donald Trump’s sweeping tax-cut and spending bill, despite divisions within the party about its expected
July 1, 2025 in Investments -
UAE travel update: flydubai announces flight cancellation latest
Flydubai announces some UAE flight cancellations until July 5 Source link
July 1, 2025 in Business News -
Tabreed and CVC DIF partner to acquire PAL Cooling for $1 billion
Multiply Group’s PAL has an existing portfolio of eight long-term concessions serviced by five cooling plants, with four more in the pipeline Source link
June 30, 2025 in Business News -
Why investing in biodiversity is crucial to SDGs
Without a thriving world, it would be nearly impossible to meet the United Nations’ Sustainable Development goals (SDGs) – from food security to health, clean water, climate action and poverty reduction. This is why all businesses, financial institutions and governments are encouraged to explore ways to finance biodiversity conservation. Image credit: Scotty Turner on Unsplash
June 30, 2025 in Investments -
How green building certification boosts real estate profits
Climate change is often framed as a distant problem for governments to solve, but in reality, the property sector holds one of the biggest levers for impact. Buildings account for nearly 40% of global carbon emissions (UNEP 2023), making developers, owners, and investors central to the climate solution. Source: Growthpoint Properties. Longkloof Studios is a
June 30, 2025 in Investments -
South Africa records FDI inflows, portfolio outflows in Q1
South Africa recorded foreign direct investment inflows of R11.7bn rand ($661.46m) in the first quarter of 2025, higher than inflows of R7.5bn in the fourth quarter of last year, central bank data has shown. Source: Reuters. The South African Reserve Bank (Sarb) said in its Quarterly Bulletin that the inflows were due to non-resident parent
June 30, 2025 in Investments -
Dubai suspends 2 engineering firms, announces major upgrade to contractor evaluation system
Dubai Municipality suspends two engineering consultancy offices for six months and unveils a new contractor evaluation system to boost construction sector Source link
June 29, 2025 in Business News -
Qatar-Saudi trade surges 65% in 2024 to reach $1.35bn
Trade between Qatar and Saudi Arabia soared by 65 per cent in 2024, reaching $1.35bn Source link
June 29, 2025 in Business News -
Sharjah Airport expects 800,000 passengers in summer travel rush
Sharjah Airport expecting July 1 to 15 to be peak of summer season Source link
June 28, 2025 in Business News -
Dubai announces 2-month diversions on major roads
RTA reveals traffic diversion at major roads in Dubai, Sheikh Mohammed Bin Zayed Road (E311), Al Ain and Emirates Road journeys impacted Source link
June 27, 2025 in Business News -
Old Mutual SMEgo launches the 2nd annual Old Mutual SMEGo Pitchathon
Old Mutual SMEgo has launched its second edition of the SMEGo Pitchathon, for businesses in the ICT and Financial Services offering a prize money of R4,2m, an increase of over R1m from the 2024 edition. Fourteen businesses will be awarded R300,000 each towards their business needs. The launch was held at an event in Rosebank
June 27, 2025 in Venture Capital -
UAE raises $300m in June 2025 Islamic T-Sukuk auction, oversubscribed 5.6 times
UAE completes $300m Islamic T-Sukuk auction with 5.6x oversubscription, strong investor confidence Source link
June 27, 2025 in Business News -
Gold leaps to near-record prices as inflation fears loom
In an era marked by economic uncertainty, geopolitical tension, and volatile markets, investors are returning to one of the oldest safe havens known to humankind: gold. Source: Supplied. Chantal Marx, Head: Investments Research at FNB Wealth and Investments. Long prized for its enduring value and crisis-resistant nature, gold is once again proving its mettle in
June 27, 2025 in Investments -
Cristiano Ronaldo signs ‘$680m deal’ to stay in Saudi Arabia with Al Nassr: report
Cristiano Ronaldo has signed what has been dubbed the ‘most lucrative contract in sport history’ to stay with Saudi Pro League side Al Nassr Source link
June 26, 2025 in Business News -
How the WGC is digitising the gold market
World Gold Council (WGC) CEO David Tait is confident that there will come a time when it will be unthinkable to buy gold without first checking its origin and integrity on the Gold Bar Integrity programme’s database. Image credit: suradeach saetang on Unsplash Tait expressed his confidence while sharing the WGC’s progress in digitalising the
June 26, 2025 in Investments -
Interest-rate drop sparks golden opportunity for homebuyers, says Seeff
With interest rates dipping a full percentage point compared to last year, Samuel Seeff, chairman of the Seeff Property Group, believes there’s no better moment to secure a family home. Source: Supplied. More than just a physical structure, a home represents emotional stability and long-term financial growth. As rates fall, the opportunity to invest in
June 26, 2025 in Property & Real Estate -
SA’s new strategies for supply chain disruptions
Crisis is no longer the exception — it’s the default setting of global trade. From pandemic shocks to port gridlocks, geopolitical ruptures to tariff reversals, the world’s supply chains are being stress-tested like never before. Source: Paul Vos, Regional Managing Director: Chartered Institute of Procurement & Supply (CIPS) Southern Africa. For South Africa, the latest
June 26, 2025 in Manufacturing -
UAE Ramadan and Eid 2026: Expected dates for Ramadan, Eid Al Fitr and Eid Al Adha announced
Emirates Astronomy Society reveals expected dates for UAE Ramadan, Eid Al Fitr and Eid Al Adha in 2026 Source link
June 26, 2025 in Business News -
Iran-Israel conflict: US President Donald Trump receives Nobel Peace Prize nomination for ceasefire deal
“President Trump demonstrated both, offering the world a rare glimpse of hope,” US Rep. Buddy Carter, R-Ga., wrote in his letter to the Nobel Peace Prize Committee Source link
June 25, 2025 in Business News -
ICT and financial services SMEs to compete for R4.2m
Old Mutual SMEgo has announced the second edition of the SMEGo Pitchathon, for companies in the ICT and Financial Services offering a prize money of R4,2m an increase of over R1m from the 2024 edition. Fourteen businesses will be awarded R300,000 each towards their business needs. The launch was held at an event in Rosebank
June 25, 2025 in Venture Capital -
Saudi Arabia posts $16.8bn trade surplus in Q1 2025, up 52% from previous quarter
Saudi Arabia recorded a $16.8bn trade surplus in Q1 2025, driven by strong oil exports and rising non-oil trade Source link
June 24, 2025 in Business News -
Investors react to news of Iran-Israel ceasefire
US President Donald Trump said on Monday, 23 June 2025 that a “complete and total” ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations. Source: Reuters. People walk near a mural of Iran’s Supreme Leader, Ayatollah Ali Khamenei, amid the Iran-Israel conflict, in Tehran,
June 24, 2025 in Investments -
Middle East Gen Z and Millennials want purpose, mental well-being and financial security over corporate titles and promotions
Gen Z and millennials in the Middle East are redefining success with focus on purpose and mental health, according to a Deloitte survey Source link
June 24, 2025 in Business News -
Ras Al Khaimah to add over 7,400 hotel rooms by 2030 with infrastructure investments needed
RAK to expand hotel capacity by 7,427 rooms by 2030, creating new investment opportunities in infrastructure Source link
June 23, 2025 in Business News -
UAE announces mandatory Arabic lessons for all private schools from 2025 kindergarten
The new requirements will take effect from the 2025/2026 academic year and apply to every UAE private school in the country, regardless of curriculum Source link
June 22, 2025 in Business News -
RTA announces major Burj Khalifa-Dubai Mall metro station expansion
The expansion will increase the station’s capacity by 65 per cent, and will see the station’s area grow from 6,700 to 8,500 square metres, RTA said Source link
June 22, 2025 in Business News -
GCC tourism spending projected to hit $223.7 bn by 2034
GCC countries have recorded progress across multiple tourism indicators Source link
June 21, 2025 in Business News -
UAE flight suspension updates; 4-day work week in Dubai; Public holiday dates announced; New Saudi dining rules, Piers Morgan interview – 10 things you missed this week
Flight suspensions, a new 4-day work week in Dubai, Saudi Arabia’s dining rule changes, Hijri New Year holidays, and major real estate moves — here are 10 big UAE and Gulf news stories you may have missed this week Source link
June 21, 2025 in Business News -
Abu Dhabi real estate: Aldar records $53m in sales at Fahid Island launch
Aldar reported sales of $953m at the launch of Fahid Island in Abu Dhabi Source link
June 20, 2025 in Business News -
Zimbabwe says gold-backed currency stable but investor doubts persist
Zimbabwe’s gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market. Source: Reuters. The Reserve Bank of Zimbabwe on Monday, 16 June 2025 kept its benchmark rate unchanged at 35%, citing a stable
June 19, 2025 in Investments -
OPEC Fund commits $1bn in new financing for developing nations
The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing countries elsewhere as part of a broader $2bn pledge by Arab nations over the next five years. The fund, founded by the Organization of the Petroleum Exporting Countries to fund projects in non-OPEC member states, also
June 19, 2025 in Investments -
Investing in South African commercial property: Top tips for 2025
In 2025, it’s not just about visibility or accessibility; it’s about anticipating where investment is heading and aligning with that momentum. Strategic location remains the cornerstone of successful commercial property investment in South Africa — but the game has changed. From mixed-use nodes like Cape Town’s Century City to the transformative Westown precinct in KwaZulu-Natal,
June 19, 2025 in Investments -
PrimeXBT brings regulated crypto and traditional trading into one platform
This article will discuss how PrimeXBT is redefining all-in-one trading, empowering South African traders with better ways to diversify their investment portfolios. Combining crypto and traditional markets in one PrimeXBT’s FSCA-regulated offering provides traders access to global markets, including crypto futures, Forex, and CFDs on crypto, stocks, indices, and commodities. Trading accounts can be opened
June 18, 2025 in Investments -
Vukile’s impressive 2025 earnings leap
Vukile Property Fund has emerged from a transformative year with more than 60% of its income now derived offshore, a result of bold expansion into Portugal and strategic capital rotation in Spain — moves that have cemented its presence in two of Europe’s most resilient consumer economies. Source: Supplied. Laurence Rapp, chief executive officer of
June 17, 2025 in Property & Real Estate -
Lesedi Lehasa, a trade quality specialist, is shaping SAB’s quality standards
Meet Lesedi Lehasa, a trade quality specialist at South African Breweries (SAB), who is a driven and solutions-focused young leader who turns challenges into long-term improvements. Lesedi Lehasa, a trade quality specialist at South African Breweries (SAB). Image supplied As a trade quality specialist at South African Breweries (SAB), Lehasa plays a vital role in
June 13, 2025 in Manufacturing -
South Africa’s $5.8bn Hive project aims to lead low-cost ammonia output
A $5.8bn project on South Africa’s east coast seeks to use the country’s infrastructure and cheap renewable power to make some of the world’s least expensive green ammonia for clients in Europe and Asia, an executive said. South Africa is vying with other African nations, including Egypt, Morocco and Namibia, to meet rising demand in
June 12, 2025 in Manufacturing -
Goodyear confirms closure of Kariega plant as Numsa vows to fight job losses
Goodyear South Africa announced that it will close its 78-year-old Kariega tyre manufacturing plant by the end of this year, a move that could leave more than 900 workers unemployed. Goodyear South Africa said it has initiated consultations under Section 189 of South Africa’s Labour Relations Act, a process that allows for engagement with unions
June 9, 2025 in Manufacturing -
How to prepare for the inevitability of contractual disputes and project delays
You’ve spent the money and built the project, but now your wind energy farm is at a standstill. While your million-dollar wind farm is ready to supply vital energy, it’s waiting on grid access, delayed by a contractual dispute. The matter is far from resolution as the parties involved fail to reach a consensus in
June 9, 2025 in Energy -
Dubai ranked number 1 globally for creative industry FDI
Dubai leads world in creative industry investment for third year in a row Source link
June 6, 2025 in Business News -
Kuwait reports massive 83% reduction in traffic violations
Traffic-related deaths down 55 per cent as Kuwait introduces new road rules Source link
June 6, 2025 in Business News -
Why the real estate insurance model must evolve
The cost of insuring South Africa’s built environment is more than a line item – it has become a systemic pressure point. As premiums climb year on year, the financial burden doesn’t stop at landlords’ doorsteps. It filters down to tenants, retailers and ultimately to every consumer navigating a shopping mall, in fact, every taxpayer.
June 5, 2025 in Property & Real Estate -
Abu Dhabi hands out $1.3bn housing benefits ahead of Eid Al Adha
Abu Dhabi issues housing benefits for citizens ahead of Eid holiday Source link
June 5, 2025 in Business News -
South African rand gains before manufacturing PMI, vehicle sales data
The South African rand gained some ground against a weaker dollar in early trade on Monday, 2 June 2025 ahead of a purchasing managers’ index (PMI) survey for the domestic manufacturing sector and vehicle sales figures. Source: Reuters. At 0602 GMT, the rand traded at 17.9475 against the dollar, about 0.2% firmer than Friday’s closing
June 2, 2025 in Manufacturing -
Eid Al Adha 2025 dates announced; UAE petrol prices change; new tax rule revealed; Dubai real estate tokenisation – 10 things you missed this week
UAE petrol prices, Eid holiday dates, tax rules and more top news stories this week Source link
May 31, 2025 in Business News -
Khaldoon Al Mubarak eyes new Manchester City signings after disappointing season
Manchester City Chairman Khaldoon Al Mubarak is confident the Abu Dhabi-backed team will compete for major honours again next season Source link
May 30, 2025 in Business News -
Investing in African Mining Indaba 2026 theme calls for partnerships
The urgent need for collaboration across the continent as the world accelerates its transition to clean energy is reflected in this year’s African Mining Indaba’s (MI26) 2026 theme, Stronger together: Progress through partnerships The urgent need for collaboration across the continent as the world accelerates its transition to clean energy is reflected in this year’s
May 30, 2025 in Energy -
Emira delivers exceptional full-year results
Emira Property Fund (JSE: EMI) reported a strong set of results for its full year ended 31 March 2025 highlighting consistent strategic execution, accretive diversification and disciplined capital management. The company declared a cash-backed final dividend of 61.50cps, taking the full year dividends to 123.89cps, 5.9% higher than the prior year. Its full-year distributable income
May 29, 2025 in Property & Real Estate -
Retailers want you! Enter 2025 EFC Accelerator
The eThekwini Furniture Cluster (EFC) SME Accelerator is once again searching for Black-owned furniture and homeware SMEs, as it helps four of South Africa’s big furniture and homeware retailers source local suppliers. Supplied image Backed by the eThekwini Municipality’s Economic Development Programmes & Planning Unit (EDP&PU), the EFC SME Accelerator is now in its third
May 27, 2025 in Manufacturing -
Integrating technical solutions with ESG to advance modern African economies
Good technical solutions lie at the heart of mining and industrial projects that are advancing modern African economies. Good technical solutions lie at the heart of mining and industrial projects that are advancing modern African economies says Andrew van Zyl, managing director of SRK Consulting (South Africa) (Image supplied) This is according to Andrew van
May 26, 2025 in Investments -
Adidas will no longer use kangaroo leather in its shoes
Adidas announces an end to sourcing kangaroo leather for its shoes. The decision was confirmed by the global sportswear giant’s CEO, Bjørn Gulden, at Adidas’ 2025 Annual General Meeting recently held in Germany. Gulden added that the brand had stopped purchasing kangaroo leather months ago. The decision was one that was a long time coming,
May 21, 2025 in Manufacturing -
Nissan considering Rosslyn plant closure – report
Nissan is reportedly considering closing its Rosslyn plant in South Africa, with the brand’s local division telling us it’s currently “conducting a detailed assessment” of the situation. Nissan’s Rosslyn plant in South Africa is on the beleaguered automaker’s list of 7 production facilities set to close over the next two years, according to a fresh
May 20, 2025 in Manufacturing -
Africa better equipped for ‘critical’ minerals boom
“African countries are better equipped for the ‘critical’ minerals boom than past commodity super-cycles.” Source: © Pulse Pulse A webinar convened by the Critical Minerals Africa Group (CMAG) webinar explored global geopolitics and Africa’s strategic role in critical minerals, highlighting cobalt This is according to United Nations Economic Commission for Africa economist John R Sloan.
May 19, 2025 in Energy -
Trump signs executive order to slash US drug prices by up to 80%
President Donald Trump has signed a sweeping executive order to cut US prescription drug prices by up to 80%, aligning costs with the lowest in developed nations under a “Most-Favored-Nation” model. Penned on Tuesday, 13 May 2025, the move marks a major shift in pharmaceutical pricing policy with wide-reaching implications for the healthcare industry. The
May 14, 2025 in Manufacturing -
Sibanye-Stillwater Q1 2025 operating results “pleasing”
Neal Froneman, CEO of Sibanye-Stillwater says there are many “pleasing aspects from the Q1 2025 operating results which reinforce the positive trends which were evident in the Group’s operating and financial performance for H2 2024”. Neal Froneman, CEO of Sibanye-Stillwater says there are many “pleasing aspects from the Q1 2025 operating results. Pictured: Driefontein Mine.
May 13, 2025 in Investments -
How Sarah Collins, founder of Wonderbag, is changing lives globally
Sarah Collins, founder of Wonderbag. Image supplied Inspired by a method her grandmother used in the 1970s to help save power when cooking, and similar to the concept of a haybox – which was used to keep food warm and preserve fuel during World War Two, Collins first tested her idea by surrounding a pan
May 13, 2025 in Manufacturing -
Applications open for Pamsa bursary programme
BSc and BEng Chemical Engineering final-year students and recent graduates are urged to apply for Paper Manufacturers Association of South Africa’s (Pamsa’s) 2026-2027 Master’s in Engineering Bursary and Research Programme. Image source: senivpetro from Freepik A select number of eligible applicants will receive a two-year bursary valued at R320,000, covering full-time Master’s study at participating
May 13, 2025 in Manufacturing -
Transforming East Africa’s real estate landscape
As a proudly Pan-African business with key interests in positively shaping economic policy and investments, Absa CIB has proudly, once again confirmed its participation as a lead sponsor of the 2025 East Africa Property Investment (EAPI) Summit. Source: Supplied. Sandile Mpanza, Head: Commercial Property Finance, Africa Region, Absa CIB. The EAPI Summit is East Africa’s
May 8, 2025 in Property & Real Estate -
Downward mining input cost trends suprising given volatility in economy
With March data completing the first quarter, Q1 2025 input costs averaged 3.6% y-o-y. While this is higher than the subdued 2.7% recorded in Q4 2024, the outcome is unsurprising given volatility in both the domestic and global economy, much of which has intensified since January. Source: © LinkedIn Linkedin In March, the gold sector
May 6, 2025 in Investments -
Botswana’s Mupane Gold Mine to be sold
Mupane Gold Mining (Pty) Ltd is to be sold as per Park Village Auctions’ and Auction IT’s “Request for Offers”, recently published on behalf of the liquidator. Park Village Auctions and Auction IT have issued a Request For Offers for Botswana’s Mupane Gold Mine, currently in liquidation (Image supplied) Botswana’s sole gold operation is situated
May 6, 2025 in Investments -
Is fractional ownership the key to affordable housing in South Africa?
For too long, property ownership in South Africa has been positioned as the pinnacle of wealth creation, yet only a select few have had the tools, access, or capital to claim that wealth. Source: Supplied. Palesa Masiteng, the chief growth officer at FracProp. Outdated financial models, prohibitively high costs, and rigid lending criteria have locked
May 5, 2025 in Property & Real Estate -
SA listed property stocks bounce back despite unsteady global markets
There’s a silver lining for South African real estate investors, despite the turbulence in the global markets. Source: SA REIT Association. Chart Book 2025. According to Ian Anderson, head of Listed Property and portfolio manager at Merchant West Investments and the compiler of the SA REIT Association’s monthly Chart Book, the local REIT sector is
April 25, 2025 in Property & Real Estate -
Role of infrastructure to unlock mining potential
As Africa expands its regional corridors with major rail and port projects, African Mining Week 2025 in Cape Town from Wednesday, 1 October 2025 to Friday, 3 October 2025 will showcase the critical role of infrastructure in unlocking mining potential and driving industry investment. Africa and its global partners are accelerating investments in regional corridors,
April 25, 2025 in Energy -
YDE and Actis Acts launch ‘Lumen30’ to train 30 South African youths in solar energy installation
Yellow Door Energy (“YDE”), the leading renewable energy independent power producer (IPP) for businesses in the Middle East and Africa, and Actis Acts, a charitable organisation under global sustainable infrastructure investor Actis, officially launch Project YDE Lumen30, a corporate social responsibility (“CSR”) initiative in South Africa. The opening ceremony took place at ENS offices in
April 24, 2025 in Energy -
Copper and iron ore give Anglo American a strong start to the year
Anglo American has had a strong start to the financial year, with copper and iron ore the star performers for the first quarter ended 31 March 2025. Source: © Anglo American Kumba Anglo American Kumba Anglo American has had a strong start to the financial year with copper and iron ore the star performers for
April 24, 2025 in Investments -
Earth Day spotlights importance of environmental management of tailing dams
Recently, tailings dams, which store the often toxic by-products of mining operations, have been failing at an alarming rate, with five major tailings dam failures globally in the first quarter of 2025. Source: © Mining Zambia Magazine Mining Zambia Magazine On 18 February 2025, a catastrophic tailings dam collapsed at the Sino-Metals Chambishi Mine, in
April 22, 2025 in Energy -
Interplay of US tariff policies and South African property market: What to know
The recent announcement by the US to introduce a 90-day suspension on most tariffs, excluding those on China, has sparked waves of reaction across global markets. While the decision has been welcomed by many industries, it’s expected to have knock-on effects on South Africa’s property market. “While the 90-day tariff pause offers a momentary respite,
April 16, 2025 in Property & Real Estate -
Local EV startup Zimi gets R6m backing to pioneer vehicle-to-grid tech in SA
Zimi, a local provider of electric vehicle (EV) charging solutions for fleets, has received R6m in grant funding from the EEP Africa Trust Fund to support its V2G Integration of Electric Vehicles in South Africa project, an initiative aimed at unlocking the potential of EVs to supply power back to homes, businesses, and the national
April 15, 2025 in Energy -
The new South African trend among millennials
A growing global trend, dubbed ‘houses before spouses,’ is seeing more young buyers opting to purchase property before getting married or buying jointly with a spouse or partner. Source: Supplied. Grant Smee, chief executive officer of Only Realty Property Group. This same trend has been mirrored in South Africa where, according to ooba Home Loans,
April 14, 2025 in Property & Real Estate -
First close of Airnergize Capital at R2.4bn in support of sustainable infrastructure for Africa
The first close of Airnergize Capital, the fund focused on accelerating clean technology solutions in renewable energy, gas, and water infrastructure across South Africa, has been announced. Source: © Genesis Water Tech Genesis Water Tech The Clean Technology Fund, has recently launched and secured an initial commitment of R2,4 Billion ($120 million) under Airnergize Capital
April 14, 2025 in Energy -
Transforming seasonal stays into year-round ventures
Nox Cape Town, specialists in Atlantic Seaboard property management, is experiencing a notable increase in bookings, which is extending Cape Town’s traditional summer leisure travel season by several months and turning the city into a year-round destination. Source: Supplied. According to recent data from Nox, demand for shorter-than-usual stays outside traditional high seasons (December to
April 9, 2025 in Property & Real Estate -
South Africa’s Vukile expands aggressively in Europe, signals more growth
South Africa’s well-known specialist retail real estate investment trust, Vukile Property Fund delivered a strong pre-close trading update for its financial year ended 31 March 2025, underscoring its dealmaking dexterity, strategic expansion and robust operational delivery. Vukile confirmed it is on track to meet its full-year guidance of 2% to 4% growth in funds from
April 1, 2025 in Property & Real Estate -
EU awards Strategic Project status to Sibanye-Stillwater’s Keliber lithium and GalliCam projects
The European Commission has designated Sibanye-Stillwater’s Keliber lithium project in Finland and GalliCam project in France as ‘Strategic Projects’ under the European Union (EU) Critical Raw Materials Act (CRMA). Source: © Sibanye-Stillwater Sibanye-Stillwater The European Commission has designated Sibanye-Stillwater’s Keliber lithium project in Finland and GalliCam project in France as ‘Strategic Projects’ under the EU
March 27, 2025 in Investments -
9th Global Gas Outlook 2050 highlights Africa’s natural gas potential
With Africa’s urbanisation rate expected to reach 68% by 2030, natural gas is positioned to drive technological innovation, economic growth and regional cooperation. Source: © Mozambique Mining Journal Mozambique Mining Journal Africa is set to lead global natural gas demand growth at a rate of 3% annually – the fastest worldwide. Primary energy demand in
March 11, 2025 in Investments -
Trump’s tariffs and budget delays spark new market strategies
Markets are unpredictable, and 2025 has gotten off to a particularly volatile start. From aggressive tariffs to abrupt national announcements, investors have had to navigate a string of surprises resulting in heightened uncertainty and volatility across financial markets. This uncertainty, however, can create opportunities for active managers, particularly those with a long-term investment horizon. Source:
March 3, 2025 in Investments -
Adapting real estate investment strategies to economic shifts
Real estate has traditionally been a cornerstone of wealth-building and a dependable investment, providing tangible assets and the potential for steady returns. However, investment strategies should always be adapted to current economic conditions. Source: Supplied. This according to Lew Geffen Sotheby’s International Realty chief executive officer Yael Geffen, who says whether navigating periods of global
March 3, 2025 in Property & Real Estate -
ArcelorMittal closure confirmed, but hope floats in steel market
ArcelorMittal South Africa (Amsa) has confirmed that it will cease long steel production by April this year after discussions with government failed to prevent the plant’s closure. The shutdown, set to impact 3,500 direct and indirect jobs, comes after multiple warnings of a bleak outlook for the broader metals sector in 2025. Amsa will begin
February 28, 2025 in Manufacturing -
Achieve your sustainability goals with Safripol’s recycled plastic solutions
In today’s competitive market, sustainability has evolved from a corporate responsibility to a crucial business differentiator. With tightening regulations and a growing consumer preference for eco-friendly products, leveraging sustainable practices is no longer optional – it’s imperative. Safripol is at the forefront of this movement, helping companies achieve significant environmental and economic benefits through innovative
February 28, 2025 in Manufacturing -
Former African presidents demand action as debt crisis reaches historic levels
Eight former African heads of state have united in an unprecedented move to sign the Cape Town Declaration, calling for urgent debt relief and fairer borrowing terms for African nations. Source: Reuters. Young residents carry water home after filling up a bottle at a community filling station in the informal settlement of Kanana after individuals
February 27, 2025 in Investments -
Trends and innovations shaping the growing food and beverage sector on show at Propak Africa 2025
The food and beverage sector is the largest and most vital part of South Africa’s manufacturing industry, contributing 25% to total production. Recent growth, largely driven by dairy, snacks, beverages, and bakery products, has increased the demand for safe, traceable food packaging solutions. All the latest developments in food packaging and labelling will be on
February 27, 2025 in Manufacturing -
New car assembly plans by Mahindra for South Africa
Mahindra has signed a memorandum of understanding (MoU) with South Africa’s Industrial Development Corporation (IDC) to explore the possibility of setting up a full-scale vehicle assembly plant in the country. This deal paves the way for a detailed study on whether a Completely Knocked Down (CKD) facility would be viable. Left Rajesh Gupta CEO of
February 27, 2025 in Manufacturing -
SA’s electric dream from loadshedding to leading the EV revolution
Just a year ago, South Africa was battling persistent loadshedding. The idea of electric vehicles (EVs) seemed a distant dream, a luxury for a country struggling to keep the lights on. But today, the narrative has dramatically shifted. Stabilised power supply and bold government initiatives have positioned South Africa to, as is increasingly being said
February 27, 2025 in Manufacturing -
Parties hold their breath in battle over R300m Stellenbosch mountain estate
Source: Photo from an appendix in the respondent’s court papers. Concerned citizens in Stellenbosch are seeking an urgent interdict to stop construction of a gated housing estate, arguing that the environmental integrity of the mountainside will be “forever lost” if the development continues. The developer of Botmaskop property has already invested R300m and sold 29
February 26, 2025 in Property & Real Estate -
All the latest packaging and printing trends at Propak Africa and co-located shows
Packaging and printing play a critical role in South Africa’s economy, supporting industries from retail to agriculture and manufacturing. Businesses are increasingly seeking smarter, more efficient ways to reduce costs, improve environmental responsibility, and meet shifting consumer demands. Industry trends such as automation, digitisation, and the increasing demand for sustainable solutions are transforming the local
February 26, 2025 in Manufacturing -
Trump USAID cuts hit electricity programme in Africa
An initiative by the United States to increase electricity supply in Africa has been dismantled by US President Donald Trump’s administration after more than a decade of work, Bloomberg News reported on Wednesday, citing people familiar with the matter. Almost all of Power Africa’s programmes have been listed for termination and the majority of its
February 26, 2025 in Energy -
the state should release property it owns – economists
The Expropriation Act is not entirely new. It mainly updates the existing legislation from 1975 to align it with the constitution of democratic South Africa. But some have misinterpreted it as making room for land grabs by the state. That’s not what it does in reality. Property rights remain intact in South Africa. Hot on
February 26, 2025 in Investments -
Interest-rate cuts hint at a revival in residential construction for 2025
The December 2024 residential building data from StatsSA completes the weak picture for this segment of the construction sector. However, while challenges persist, there are indications that planned building activity may have been edging towards positive growth as 2025 approached. Source: Supplied. John Loos, senior economist at FNB Commercial Property Finance. The residential building data
February 25, 2025 in Property & Real Estate -
Plastic is good when we’re good with plastic
Letsplasticresponsibly.com is a community driven platform that unites environmental and plastic organisations, corporate companies, communities, schools, and individuals in a collaborative effort to tackle the global plastic waste crisis as a unified and unstoppable team. It serves as a hub for sharing, learning, planning, and taking action, with the primary goal of educating South Africans
February 25, 2025 in Manufacturing -
An effective tool for global wealth diversification and asset protection
With growing concerns over political instability, South Africans are increasingly seeking ways to safeguard their savings while maintaining access to global financial markets and hard currency. As a result, international pension funds are gaining popularity as a straightforward yet powerful tool for long-term financial security and peace of mind. Source: Supplied. Rex Cowley, director and
February 25, 2025 in Investments -
G20 agenda advances despite US-SA policy clash
Despite tensions arising from recent decisions by US officials to abstain from attending the G20 Foreign Ministers’ meeting in Johannesburg, South Africa’s Presidency has pledged to push the G20 forward with full momentum. “South Africa’s Presidency of the Group of Twenty (G20) continues full steam ahead as the country fosters greater collaboration among the G20
February 21, 2025 in Investments -
Amid Budget Speech shock, yet another Land Bill proposed
As the nation grappled with the shock of South Africa’s Budget Speech postponement, the Department of Land Reform and Rural Development informed the relevant parliamentary Portfolio Committee that the Equitable Access to Land Bill will be launched this year. Source: Pexels The news was announced on Wednesday, 19 February 2025 by Dr Boshoff, member of
February 20, 2025 in Investments -
South African pharmaceutical wholesaler UPD adds 42 electric vans to fleet
South Africa’s United Pharmaceutical Distributors (UPD) launched 42 electric delivery vans with solar-powered refrigeration from start-up Everlectric on Thursday, 20 February 2025, beginning its transition to an electric fleet. Source: Supplied. Everlectric chief executive Ndia Magadagela. Local startups are racing to offer such vehicles for local deliveries as retailers aim to achieve environmental, social and
February 20, 2025 in Manufacturing -
SA’s political gridlock rattles investor confidence
The unprecedented postponement of South Africa’s National Budget Speech has sent shockwaves through financial markets, with the rand weakening significantly in response. Source: Reuters. The South African rand weakened to approximately 18.5900 to the US dollar following the announcement —its lowest level since early February 2025. This marks the first such postponement in three decades
February 19, 2025 in Investments -
Emira releases circular for second tranche investment in Polish property specialists DL Invest Group
Emira Property Fund (JSE: EMI) has announced the posting of a circular for the second tranche of its strategic investment in DL Invest Group, the Luxembourg-headquartered Polish property developer and investor, reinforcing the viability and strength of its well-received initial investment as Emira continues to enhance its international exposure and diversify its investment portfolio. Geoff
February 19, 2025 in Property & Real Estate -
The future of business accommodation
Jonathan Liebmann, co-founder of BlackBrick, is at the forefront of the aparthotel movement in South Africa. In this interview, he shares insights into BlackBrick’s unique positioning in Cape Town, the growing demand for flexible urban living, and why aparthotels are gaining traction among investors and business travellers: Source: Supplied. What is an aparthotel and is
February 19, 2025 in Investments -
Bankruptcy twist in J&J’s attempt to settle cancer claims
Johnson & Johnson (J&J) is facing a pivotal legal challenge as it seeks approval for a $10bn settlement plan to resolve allegations that its talc-based baby powder products caused ovarian cancer. Source: Austin Kirk, Public domain, via Wikimedia Commons. The company proposes to resolve these claims through the bankruptcy of its subsidiary, LTL Management LLC.
February 19, 2025 in Manufacturing -
African leaders approve creation of financial stability fund
African leaders have approved the establishment of a continental financial stability fund, the African Development Bank (AfDB) said, a move designed to stave off potential debt crises on the continent before they take hold. Source: Reuters. The facility, known as The African Financial Stability Mechanism (AFSM), will get its own credit rating to allow it
February 19, 2025 in Manufacturing -
Introducing SA’s dynamic youth property platform
A hundred young entrepreneurs in the property business sector will now have access to education-, mentorship- and networking opportunities thanks to Sapin Youth, a new initiative launched by SA Property Investors Network this week. Source: Pexels. Aged 18 to 34 the members, who have been selected from a pool of 780 applicants, have been afforded
February 18, 2025 in Property & Real Estate -
Altitude Wealth sees global potential in BooYaa Golf
Local golfing apparel manufacturer BooYaa Golf continues to gain momentum with the backing of Altitude Wealth. Image supplied Altitude Wealth, an investment firm specialising in financial and asset management, saw the passion and vision of BooYaa’s founders, Ruan Lotz and Johan van Greune, as key factors in their decision to invest. They believe BooYaa Golf
February 18, 2025 in Investments -
ProfitShare Partners aligns with global AI trends to transform SME financing in SA
As artificial intelligence (AI) continues to redefine industries worldwide, fintech companies are integrating AI-powered technologies to optimise lending, enhance customer experiences, and improve risk management. ProfitShare Partners (PSP), a leading fintech firm committed to empowering SMEs, is embracing these global AI advancements and integrating them into its fintech roadmap as it develops its own AI-driven
February 17, 2025 in Venture Capital -
Market upheaval as Moscow Exchange halts trading amid rouble rally
In a dramatic twist, trading on the Moscow Exchange (MOEX), Russia’s largest bourse, was abruptly halted on Thursday, 13 February 2025 from 8:40 pm Moscow time, following problems with its data transmission. Source: Supplied. In its official statement, MOEX confirmed that the decision to not resume trading during the evening session was made after consulting
February 14, 2025 in Investments -
Monarch sells out phases fast, with Phase 3 debut
Cape Town’s real-estate sector is thriving, and the swift sell-out of Monarch, a luxury sectional-title development in Tygervalley, is clear evidence. With Phase 1 selling 100 units in just three weeks and Phase 2 already 90% sold, developers have fast-tracked the launch of Phase 3, which officially opens for sales tomorrow, Friday, 14 February 2025.
February 13, 2025 in Property & Real Estate -
Employers eye tax cap hike, clarity on retirement reform
With the 2025 National Budget looming, corporate leaders hoping for greater clarity on the next phase of retirement reform are likely to be disappointed, says Old Mutual Corporate’s Michelle Acton, Chief Customer Officer. Source: Supplied. Blessing Utete, managing director of Old Mutual Corporate Consultants. “We expect the focus will be on stabilising the Two-Pot System,”
February 13, 2025 in Manufacturing -
Expropriation – what it means for your finances
Expropriation, in South Africa, is currently the kind of topic you avoid if you want to enjoy arm’s length social gatherings. Source: ChatGPT. Depending on who you’re talking to, it’s either the better-late-than-never silver bullet that will obliterate land inequality and right South Africa’s historical wrongs or the biggest threat to our Constitution and a
February 13, 2025 in Investments -
Explore the future of packaging at Propak Africa
Just weeks from now, South Africa’s premier trade showcase, Propak Africa, will open its doors, revealing groundbreaking innovations across packaging, printing, plastics, food processing and labelling. Taking place at the Johannesburg Expo Centre, Nasrec, from 11-14 March 2025, this triennial event has become a trusted hub for industry professionals striving to stay ahead in an
February 12, 2025 in Manufacturing -
Ponte City, Africa’s first cylindrical skyscraper, hits the market
One of the tallest residential towers in Africa, Ponte City in Johannesburg is up for sale by private tender. Source: Supplied. A focal point of Johannesburg’s skyline for the past 50 years, it is in search of a new owner. The 173m tower, designed by architects Mannie Feldman, Manfred Hermer and Rodney Grosskopff, and the
February 12, 2025 in Property & Real Estate -
Gqeberha welcomes Medigrow’s R1bn cannabis project
Medigrow’s indoor cannabis cultivation project – located on a 10,000ha property at the Coega Special Economic Zone in Gqeberha – has officially launched. Source: Medigrow. Part of the Group’s five-year R1bn investment, the project focuses on processing cannabis into a range of medicinal products and oils. Medigrow’s initial R100m investment will be allocated to establishing
February 11, 2025 in Manufacturing -
Technology paves the way for sustainable mining in Africa
Africa is working to become a global leader in sustainable mining, transitioning from traditional methods to more environmentally friendly practices. In late 2023, an innovative biological oxidation technique was introduced to gold mining operations in Zimbabwe, reducing pollution. This method uses bacteria to feed on sulphur in sulphide ores, eliminating the need for processes like
February 11, 2025 in Energy -
Can a stronger defence sector pivot SA’s economy to prosperity?
In his State of The Nation Address President Cyril Ramaphosa outlined his roadmap for 2025. The President detailed the projects which would receive priority over the next 12 months to meet what he referred to as “our most urgent task … to grow our economy so that we can create jobs, reduce poverty and improve
February 10, 2025 in Manufacturing -
Navigating uncertainty: How Trump&#x2019;s turbulent leadership propels gold towards new heights in 2025
<p><img src=”https://biz-file.com/c/2502/764158-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source:” align=”left”><br><span >Source: [[https://www.pexels.com/search/gold/ Pexels]]</span><p>US President Donald Trump is a gold bar’s best friend.</p><br> <a href=”https://www.bizcommunity.com/article/navigating-uncertainty-how-trumps-turbulent-leadership-propels-gold-towards-new-heights-in-2025-587510a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=255166″>Send to a friend</a></p><div style="clear:left"></div> Source link
February 6, 2025 in Investments -
Western Cape tops buy-to-let, while KZN lags – Standard Bank
New property investment trends are emerging in South Africa as investors tap into the growing demand for coastal homes and look beyond traditional rental models to build wealth. Source: Supplied. Chiko Manokore, Head: Personal and Private Banking at Standard Bank. Data from Standard Bank reveals that one in eight mortgage applications nationally over the past
February 4, 2025 in Property & Real Estate -
The value of synergy between Africa’s mining and automotive sectors
Martiena Biene, the managing director of Volkswagen Group South Africa and president of the newly formed policy lobby Association of Automotive Manufacturers (AAM), delivered a compelling address at during a panel session at Mining Indaba. Biene drew attention to the symbiotic relationship between the mining and automotive industries, specifically the crucial role the mining sector
February 3, 2025 in Manufacturing -
Mantashe classifies coal as critical mineral
“Has he left?” enquired Minister of Minerals and Petroleum, Gwede Mantashe, after not seeing Cape Town executive mayor Geordin Hill-Lewis in attendance when he took the stage. “Many important speakers just speak and leave, and don’t take the time to hear any other views.” Mantashe referenced the Cape’s gateway status for colonialism in a highlight
February 3, 2025 in Investments -
Icon of social investment honoured as she steps down from Tshikululu
For the past 16 years, Tshikululu Social Investments has been led by a CEO whose visionary approach in both the corporate and development sectors has fostered partnerships and built innovative solutions that continue to drive lasting and meaningful impact. Source: Supplied. Tshikululu Social Investments’ CEO, Tracey Henry steps down. This month sees Tracey Henry leave
February 3, 2025 in Investments -
So Interactive launches Paragon Properties’ new website
So Interactive’s latest project with Paragon Properties showcases the agency’s ability to bring intuitive navigation and cutting-edge tech to luxury global brands. So Interactive, a leading digital experience agency based in Johannesburg and Cape Town, has successfully launched the new website for Paragon Properties, a premier luxury real estate agency based in Dubai. Paragon Properties:
January 30, 2025 in Property & Real Estate -
Reserve Bank&#x2019;s third rate cut in a row: What it means going forward
<p><img src=”https://biz-file.com/c/2501/763595-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Lesetja Kganyago/X” align=”left”><br><span >Source: Lesetja Kganyago/X</span><p>Reserve Bank Governor Lesetja Kganyago has announced a 25-basis-point rate cut for South Africa, lowering the prime lending rate to 11%—the third consecutive reduction by the Central Bank. This move comes despite the US Federal Reserve's decision to keep rates unchanged.</p><br> <a href=”https://www.bizcommunity.com/article/reserve-banks-third-rate-cut-in-a-row-what-it-means-going-forward-365678a”>Read more…</a> |
January 30, 2025 in Investments -
Will lower interest rates drive buy-to-let investment in South Africa?
Despite economic headwinds and high inflation, South Africa’s rental market showed resilience throughout 2024. However, a quick succession of interest-rate cuts has many speculating about whether more tenants will finally make the move to homeownership. Source: ChatGPT. “2024 was another big year for South Africa’s property rental market, with all major regions registering positive growth,”
January 30, 2025 in Property & Real Estate -
Reserve Bank must provide 50bps rate cut to counter growth and unemployment risks, says Seeff
The property sector has come out in strong support of a robust and decisive interest rate cut. Samuel Seeff, chairman of the Seeff Property Group says the Reserve Bank must consider a minimum 50bps this week to counter the rising growth and unemployment risks. Source: Pixabay. The time to be bold is now. We have
January 30, 2025 in Investments -
Investors reassess AI after DeepSeek disruption
Stock markets suffered a sell-off on Monday, 27 January 2025 as China’s DeepSeek claimed new advances in the field of artificial intelligence. DeepSeek says it has trained a generative AI chatbot at a fraction of the cost and time required by the market leaders. The news raises important questions for investors about the implications for
January 29, 2025 in Investments -
#SONA2025 Preview: Successes, shifts, and the path ahead
<p><img src=”https://biz-file.com/c/2501/763355-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source: Pexels.” align=”left”><br><span >Source: Pexels.</span><p>As the country moves further away from the challenges that shaped the 2023 and 2024 addresses, experts are hopeful that this year's State of the Nation Address (SONA) will take on a more optimistic tone.</p><br> <a href=”https://www.bizcommunity.com/article/successes-shifts-and-the-path-ahead-142936a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254938″>Send to a friend</a></p><div style="clear:left"></div> Source link
January 28, 2025 in Manufacturing -
Financial close reached for 13.5MW Lower Maguduza Hydro Power Project in Eswatini
African Clean Energy Developments (ACED) and Energy Infrastructure Management Services (EIMS Africa) have announced the financial close and commencement of construction on the 13.5MW Lower Maguduza Hydro Power Project. This project, sponsored and developed by ACED, with the African Infrastructure Investment Managers (AIIM) managed IDEAS Fund and the Eswatini Public Service Pensions Fund (PSPF) as
January 28, 2025 in Energy -
6 investor relations trends to watch in 2025
Renewed economic confidence is set to ignite a wave of activity across South Africa’s capital markets and corporate boardrooms. Source: Supplied. Marc Ashton, chief executive officer of Decusatio. As businesses reposition for growth and investors regain their appetite for opportunity, we’re entering a pivotal moment where bold transactions, equity raises and strategic mergers will define
January 24, 2025 in Investments -
Saudi Arabia announces major update for recruitment from 160 countries
Saudi Arabia has announced a major upgrade to recruitment with the expansion of a skills verification scheme. The Ministry of Human Resources and Social Development has successfully completed the final phase of its Professional Verification service, expanding its coverage to 160 labour-exporting countries under the Professional Accreditation program. The initiative is aimed at enhancing the
January 24, 2025 in Business News -
Sharjah announces $4,800-a-month support for retirees
Sharjah has announced a top-up payment to retirees in the emirate, guaranteeing financial support of AED17,500 ($4,800) a month. Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a decree establishing a supplementary grant for retirees in the emirate. According to the decree, retirees from federal entities, other
January 23, 2025 in Business News -
#BizTrends2025: Local and global economic outlook for 2025
While the notoriously unpredictable President Donald Trump’s return to the White House may cause market and currency jitters, South Africa must focus on more fundamental local factors it can control to strengthen the economy. Source: Supplied. Mike van der Westhuizen, portfolio manager at Citadel. Right now, Trump policy is the biggest known-unknown of 2025. The
January 23, 2025 in Investments -
Reserve Bank likely to cut rates by 25 bps say economists
The South African Reserve Bank will trim its repo rate next week by a quarter of a percentage point to 7.50% and repeat that in March, but then delay its final 25 basis point cut of the cycle to the third quarter, a Reuters poll forecast on Thursday, 23 January 2025. Source: Reuters. This is
January 23, 2025 in Investments -
Inflation is down, but construction industry must still play safe
South Africa’s annual headline consumer inflation rate reached 3.0% in December 2024, a slight increase from 2.9% in November, according to Statistics SA. While this is still a modest uptick, it is well below the Bloomberg market consensus of 3.2% and a significant drop from the 2024 annual average of 4.4%. This relatively low inflation
January 23, 2025 in Investments -
What it means for South Africa’s new era of turmoil
Donald Trump is set to be sworn in as US president on Monday, 20 January 2025, with his inauguration set to take place inside the Rotunda of the US Capitol in Washington D.C. at 7pm SAST. Source: Reuters. The former president returns to Washington, emboldened by his victory in the national popular vote over Vice
January 20, 2025 in Manufacturing -
From crypto to cash: CryptoExpress transforms crypto into instant cash at ATMs
With over 5.8 million South Africans embracing cryptocurrency and the value of Bitcoin up over 110% and Ethereum nearly 50% in 2024 – many are looking for seamless ways to convert their crypto holdings into cash for everyday payments. The rise of solutions like CryptoExpress highlights a key payment trend for 2025, as cryptocurrency evolves
January 17, 2025 in Investments -
Citizens of global powers are upbeat about a second Trump presidency – but this is by no means universal
Donald Trump’s return to the US White House, next week, is widely seen as a “good thing” for peace in the world, American influence, and dialogue between leading powers. However, this feeling is not shared by some of Washington’s closest allies, including citizens from the United Kingdom, the EU and South Korea. Source: Donald J.
January 17, 2025 in Investments -
Trump prepares world for US ‘External Revenue Service’ initiative
President-elect Donald Trump announced on Tuesday, 14 January 2025 his plan to establish an “External Revenue Service” to handle tariff revenue collection, underscoring his longstanding ambition to implement extensive tariffs as high as 20 percent on imports into the US. Source: Reuters. The External Revenue Service will begin collecting tariff revenue on Monday, 20 January
January 15, 2025 in Manufacturing -
Barrick to suspend operations in Mali after gold seized
Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company’s Loulo-Gounkoto complex and flew them out by helicopter over the weekend. Around three metric tons had been taken from the mining complex in western Mali on Saturday, two sources told Reuters on
January 14, 2025 in Investments -
South African rand gains after hitting 9-month low, US inflation data in focus
South Africa’s rand firmed early on Tuesday, 14 January 2025 against a stronger dollar, as markets looked to US inflation data due on Wednesday for clues on the Federal Reserve’s interest rate path. Source: Reuters. At 0546 GMT, the rand traded at 18.9850 against the US dollar, about 0.2% stronger than its previous close. The
January 14, 2025 in Investments -
Trade tariffs and geopolitics set to bolster gold’s appeal
2024 was relatively quieter for resource markets compared to the volatility of previous years. Concerns over Chinese growth weighed on bulk commodities like iron ore and coal, while Opec’s extended production cuts kept oil prices relatively stable, hovering around US$70. Base metals experienced slight gains, driven by strong demand from the renewable energy sector, particularly
January 13, 2025 in Manufacturing -
Final phase marks culmination of R4bn landmark development
The iconic Pearls of Umhlanga mixed-use development – set to be home to over 760 apartments and luxury penthouses – is nearing the completion of its seventh and final phase – Pearl Shore. Source: Durban Tourism. Umhlanga Beachfront, featuring the Pearls development in the centre. Located at the northern end of the property, this tower
January 10, 2025 in Property & Real Estate -
ArcelorMittal Long Steel closure sparks debate over industrial policy
ArcelorMittal South Africa’s (Amsa) decision to mothball its long-steel operations at Newcastle Works, Vereeniging Works, and its rail and structural subsidiary Amras has ignited fierce debate over South Africa’s industrial policy, with industry bodies pointing to systemic failures in government support and protection measures. The closure, set to take effect at the end of January,
January 10, 2025 in Manufacturing -
The evolving landscape of South Africa’s property sector
The past year has been challenging for property investors, with a sluggish economy slowing residential rental escalations in most regions in 2024. Rental escalations are likely to be applied cautiously in 2025 to avoid vacancies, particularly given the potential for a decline in demand for rental properties as tenants, motivated by lower interest rates, migrate
January 9, 2025 in Property & Real Estate -
December 2024 conditions worse than usual
South African manufacturing activity contracted for the second consecutive month in December, according to Absa’s purchasing managers’ index (PMI) survey. Source: Reuters. A general view shows the Tetra Pak factory floor in Durban, South Africa, 4 April, 2024. The seasonally adjusted index, released this week, showed South Africa’s manufacturing sector faced ongoing challenges in December
January 9, 2025 in Manufacturing -
Shell pulls out of Namibia oil discovery
Shell will write down around $400m over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the country’s efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development.” The logo of British
January 9, 2025 in Investments -
Cape Town’s tallest building up for sale
Accelerate Property Fund (APF), a leading real estate investment trust, is in talks to sell Portside Tower and four other properties in a bid to reduce its debt and ease financial strain. Source: Accelerate Property Fund. Portside Tower, which is expected to sell for just over R600m, is located in Cape Town’s CBD and is
January 8, 2025 in Property & Real Estate -
How South Africa’s property market is poised for growth in 2025
There is a growing sense of optimism in the residential property market, says Paul Stevens, chief executive officer of Just Property. Source: Supplied. Paul Stevens, chief executive officer of Just Property. This is supported by economic reforms, political stability and shifting trends in buyer and tenant behaviour. Stevens’s insights into the opportunities and challenges that
January 6, 2025 in Property & Real Estate -
Leading trends shaping South Africa’s business landscape for 2025
Rapid technological innovation, shifting societal priorities, and a heightened focus on sustainability from businesses across all sectors are shaping the global landscape as we rapidly approach 2025. Some key trends that have become apparent include the rise of AI, the expansion of green technologies, and the adoption of immersive experiences. South African businesses follow and
January 3, 2025 in Property & Real Estate -
EU and Asia manufacturing spooked by boogeyman Trump
Factory activity in Asia and Europe ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China’s fragile economic recovery. A manufacturing slowdown in the euro zone intensified last month, with scant signs of a rebound anytime soon as the bloc’s
January 2, 2025 in Manufacturing -
Dollar starts 2025 on a high
The new trading year has started with the dollar still very much in the ascendency. Source: Reuters. Markets are facing a slower pace of Fed rate cuts, high US bond yields, the incoming Trump administration with its likely inflationary policies, and ongoing global geopolitical turmoil. The DXY index currently sits at 108.35, with the dollar
January 2, 2025 in Investments -
Economic upswing for 2025, says Golding
With inflation currently well below the lower end of the 3-6% target range at 2.85% in October 2024, and electricity supply seemingly under control, the economic outlook for 2025 appears increasingly positive, with a further 25bps repo rate cut most likely on the cards for January (2025), says Andrew Golding, chief executive of the Pam
January 2, 2025 in Property & Real Estate -
Experts bet on big 2025 for gold, PGMs still floundering
Gold prices were little changed on Tuesday, the last trading day of a record-breaking year that drove the metal to its best annual performance since 2010 on robust central bank buying, geopolitical tensions and monetary policy easing by major global banks. A woman picks a gold earring at a jewellery shop in the old quarters
December 31, 2024 in Investments -
Trump policies and energy reform to dominate 2025 markets
As we move into 2025, the single most important factor influencing prospects for local markets in the New Year will be the new Trump presidency and his highly anticipated tariff policies, with the deregulation of Eskom likely to have a key impact on local markets specifically. Source: Reuters. This is according to Old Mutual Investment
December 31, 2024 in Investments -
A transformative year for Southern African private capital
As the year comes to a close, the Southern African Venture Capital and Private Equity Association (Savca) reflects on 2024 as a transformative period for the region’s private capital landscape, one that has – despite facing significant global economic challenges, seen Southern Africa’s private capital market delivering remarkable resilience. Source: Supplied. Chief executive officer of
December 30, 2024 in Investments -
Nordstrom shareholders to see $24.25/share in private buyout
Nordstrom, the iconic American department store chain, has announced its plans to transition into a private company. This follows an agreement on a $6.25bn buyout deal involving Nordstrom’s founding family and El Puerto de Liverpool, a prominent Mexican retailer. The company’s board of directors unanimously approved the transaction, which is slated to close in the
December 30, 2024 in Investments -
Local manufacturing can solve infrastructure crisis
Infrastructure plays a critical role in driving growth and economic development in South Africa, particularly through projects involving the country’s Energy, Logistics and Water sectors. The country is currently experiencing a significant infrastructure backlog in its electricity supply landscape and requires investment to expand infrastructure across all elements of generation, transmission, and distribution. Infrastructure projects
December 27, 2024 in Manufacturing -
South African rand drifts in holiday-thinned trade
The South African rand drifted in holiday-thinned trade on Tuesday, 24 December 2024, and was set to end the year down marginally against the dollar. Source: Reuters. At 0707 GMT, the rand traded at 18.5375 against the dollar, up about 0.1% on Monday’s closing level. “The smallest move can be exaggerated as investors head into
December 24, 2024 in Investments -
what sets it apart is more than price
Luxury real estate market operates in a distinct realm, driven by a niche group of buyers with a unique set of preferences and expectations and, unlike mainstream homes, luxury properties are not simply defined by their price tag. Source: Supplied. “These properties represent a combination of key features, including exceptional craftsmanship, prime location, architectural innovation
December 24, 2024 in Property & Real Estate -
Brace! Risks stack up for the global economy in 2025
No sooner had the global economy started to put the aftermath of the Covid-19 pandemic behind it than a whole new set of challenges opened up for 2025. Source: Reuters. In 2024, the world’s central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global
December 24, 2024 in Investments -
VW workers secure German jobs until 2030
While hailed as a Christmas miracle by union leaders, the agreement forces significant concessions from the workforce, including a wage freeze until 2027, reduced bonuses, and the “socially responsible” elimination of over 35,000 jobs by 2030, primarily through early retirement and attrition. These painful sacrifices show the depth of the crisis facing Volkswagen, a crisis
December 23, 2024 in Manufacturing -
How PrimeXBT helps South African traders navigate the financial markets
In operation since 2018, PrimeXBT brand has grown exponentially, earning the trust of over a million traders in more than 150 countries around the world. The broker has gained popularity for its trader-centric approach and its focus on providing localised trading experience in the regions where it operates. With its launch in South Africa, PrimeXBT
December 20, 2024 in Investments -
Are your investments truly sustainable?
Image source: Alena Koval from Pexels Additionally, Reuters (2023) reported a 70% year-on-year increase in greenwashing instances by banks and financial institutions worldwide. In the investment universe, a study by The Economist found that the world’s 20 biggest ESG funds each hold on average 17 investments in fossil fuels, raising questions over the validity of
December 20, 2024 in Investments -
Eskom forecasts profit and operational turnaround
For the first six months of FY2025, from April to September 2024, the power utility reported substantial operational improvements, including a 4% year-on-year increase in sales volumes and a dramatic R11.9bn reduction in diesel usage. Crucially, no loadshedding occurred during this period, a stark contrast to previous years. Source: Eskom CEO Dan Marokane called this
December 20, 2024 in Investments -
Showcasing innovation in business resilience and sustainability
Sappi Limited – the diversified global woodfibre group – is proud to announce the publication of its FY2024 Global Annual Integrated and Sustainability Reports, underscoring the company’s commitment to delivering holistic value through its Thrive strategy across its core priorities: Prosperity, People, and Planet. Despite navigating ongoing global macroeconomic challenges, Sappi achieved milestones that reinforce
December 20, 2024 in Investments -
Defeated after the scandal on the rot in its foreign exchange business
Source: © 123rf 123rf amabhungane has published more on sasfin Bank, which has, it says, “this year seemingly declared defeat after a series of scandalous revelations about the deep rot in its foreign exchange business” Facing a multi-billion rand damages claim from Sars for allegedly facilitating what appears to have been rampant money laundering, the
December 20, 2024 in Investments -
Why iFX Brokers is a game-changer for South African Forex and CFD traders
The rapidly evolving world of Forex and CFD trading demands a broker that can keep up with the pace, offering traders cutting-edge solutions and exceptional services. iFX Brokers has emerged as a leading name in the South African trading community, revolutionising how local traders approach global markets. The platform has built a strong reputation based
December 19, 2024 in Investments -
SA economy: Negative trends are reversible
The North-West University (NWU) Business School Policy Uncertainty Index (PUI) for 4Q 2024 quotes a recent Business Day article on 2024 as “a momentous year of shakeups and more uncertainty”. Source: © 123rf 123rfSA’s future economic performance will hinge mainly on domestic policy decisions says the NWU’s PUI The Index says that negative trends like
December 19, 2024 in Investments -
Market responds well to Nissan and Honda merger talks
Nissan CEO Makoto Uchida announcing the financial results. Source: Nissan In response to these challenges, Nissan has announced a series of turnaround actions, including a reduction in fixed costs by ¥300bn, a 20% cut in global production capacity, and a 9,000 reduction in its global workforce. The talks of a merger with Honda is also
December 18, 2024 in Investments -
#BestofBiz 2024: Finance
We’ve compiled our annual #BestofBiz 2024 lists across all our industries featuring our most popular articles, most-read contributors and company news. Discover the most read content on Bizcommunity’s Finance & Insurance site over the past year below. Most-read stories Most-read contributors Most-viewed press offices View the most-read lists for our other industries: Marketing & Media,
December 17, 2024 in Venture Capital -
VW Plant Kariega caps mixed 2024 with production record
Volkswagen ended 2024 on a high note, by celebrating its all-time production record of 167,084 vehicles. This is the highest number of vehicles produced at the Kariega plant since the first Beetle rolled off the line 73 years ago. The new record eclipses the previous production record of 161,954 vehicles, which was achieved in 2019.
December 17, 2024 in Manufacturing -
A beacon of innovation: The 4IR Electrician Workshop that changes lives
At Northlink College’s Belhar Campus, the atmosphere buzzes with excitement and pride as students, staff, industry partners, and dignitaries gather for a historic occasion: the official opening of the 4IR Electrician Workshop. This cutting-edge facility represents a new chapter in technical education in South Africa, paving the way for innovation and opportunity. The workshop is
December 17, 2024 in Manufacturing -
BETI still treading water but positive economic trend continues
Following the notable 4.7% increase from October 2023, the BankservAfrica Economic Transactions Index (BETI) remained largely unchanged in November as it continued the sideways trend observed since May 2024. Source: © Waterfall City Waterfall City Pictures: Mall of Africa. BankservAfrica Economic Transactions Index’s latest data reveals economic activity continues to move sideway, however, rising optimism
December 17, 2024 in Investments -
Investing in South African real estate: Top locations for buyers and investors
South Africa’s property market offers a vibrant mix of urban excitement and coastal tranquility, making it a prime opportunity for new buyers and seasoned investors. While Cape Town often steals the spotlight, other cities like Johannesburg are gaining traction with strong rental demand across apartments, townhouses, and freestanding homes. For investors keen on buy-to-let opportunities,
December 13, 2024 in Property & Real Estate -
Asian shares weaken, dollar rises on US Treasury sell-off
Asian shares dropped on Friday, 13 December 2024 as a lack of details on Chinese stimulus disappointed investors, while the dollar was buoyed by the biggest weekly rise in longer-dated Treasury yields in a year on receding US rate-cut expectations for 2025. Source: Reuters. European stocks were mixed shortly after trading opened, while US futures
December 13, 2024 in Investments -
South Africa shifts to FDI outflows in third quarter, central bank says
South Africa recorded foreign direct investment outflows of R3.2bn ($179.87m) in the third quarter, compared to inflows of R16.6bn in the second quarter, central bank data showed on Friday, 13 December 2024. Source: Reuters. The South African Reserve Bank (Sarb) said in its Quarterly Bulletin that the outflows were due to domestic subsidiaries of multinational
December 13, 2024 in Investments -
‘Gold rush’ driven by geopolitics and consumer anxiety
The global gold market is experiencing an unprecedented surge in demand, breaking records and drawing intense scrutiny from financial analysts and investors alike. Gold’s utility as a safe-haven asset has been reignited by a volatile geopolitical landscape, economic uncertainty, and shifting consumer behaviours, particularly in key markets like China and India. “The precious metals market
December 12, 2024 in Investments -
FindMy revolutionises AI agent technology with personalised property and car recommendations in South Africa
“FindMy’s AI agents have been instrumental in streamlining decision-making processes for consumers across various industries,” said Dino, CEO of FindMy. “We’re thrilled to bring this innovative technology to South Africa, offering a seamless and personalised experience for people looking for their perfect property or car.” Tailored recommendations, streamlined search: FindMy’s AI agents leverage cutting-edge technology
December 10, 2024 in Property & Real Estate -
Leading the way for wealthy buyers in innovative real estate ventures
Despite high interest rates and a buyers’ market, high-income and affluent individuals continue to build their homes from the ground up while others take out top-up building loans to expand existing ones. Source: Supplied. Chiko Manokore, head of personal and private banking at Standard Bank. Data from Standard Bank shows that while building loans have
December 10, 2024 in Investments -
turning market challenges into investment advantages
“The current market is one that rewards strategic, informed investment,” says Roy Lazarus of Park Village Auctions, offering his perspective on property trends for 2025. Source: Roy Lazarus of Park Village Auctions. Despite ongoing economic challenges, the South African property sector remains resilient, supported by insights from the South African Reserve Bank and the FNB
December 4, 2024 in Property & Real Estate -
Viatris invests R100m in Isando to increase local ARV manufacturing
Viatris, a global healthcare company, has successfully completed the production of its first locally manufactured batch of antiretroviral (ARV) medicines at its newly upgraded facility in Isando. Source: Supplied. Prashant Sisodia, head of ARV Institutional Business, Viatris. This marks a significant milestone in the company’s investment in South Africa, while underscoring Viatris’ commitment to utilising
December 4, 2024 in Manufacturing -
Boxer makes secondary listing on A2X markets to enhance shareholder value
Boxer Retail Limited (Boxer), a majority held subsidiary of Pick n Pay Stores Limited (Pick n Pay), has followed the lead of Pick n Pay with a secondary listing on A2X Markets (A2X). Boxer CEO Marek Masojada. Image supplied Boxer began trading on A2X on the same day that it listed on the Main Board
December 3, 2024 in Investments -
Yen hits six-week high on growing BOJ rate hike bets
The yen jumped more than 1% against the US dollar to a six-week high on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Source: Reuters. The dollar sagged against its peers in trading thinned by the US Thanksgiving holiday. “The yen is turning into the
November 29, 2024 in Investments -
200,000 spaza shops targeted in urgent health safety audit
This action underscores the severe risks posed by illegal pesticides, such as Terbufos and Aldicarb, being sold by these businesses. Terbufos is an organophosphate chemical that is registered in South Africa for agricultural use, and is not allowed to be sold for general household use. However, Terbufos is being informally sold as a so-called ‘street
November 29, 2024 in Manufacturing -
The South African commercial real estate market has surged to nearly R2tn
Despite the Covid-19 pandemic, inflation-fighting interest rates and slow economic growth, South Africa boasts the largest commercial real estate (CRE) industry in Africa. If recent reforms persist, interest rates continue to lower and key metros stabilise, a long-awaited commercial property boom could follow. Source: Pexels. According to Gmaven, a provider of real estate software and
November 28, 2024 in Property & Real Estate -
Star power and celebrity endorsements fuel South Africa’s sports and energy drinks boom
The sports and energy drinks market is witnessing robust growth, driven by the powerful influence of celebrity and influencer endorsements. Brands both globally and locally are rolling out innovative, lifestyle-focused sports and energy drinks offerings that harness the brand power of athletes, influencers, and celebrities. These strategic partnerships boost sales and amplify brand visibility by
November 27, 2024 in Manufacturing -
Dollar rises after Trump tariff vows jolts Canada and Mexico
The US dollar rose on Tuesday, 26 November 2024 after President-elect Donald Trump said he would impose tariffs on products coming into the United States from Mexico, Canada and China, as investors braced for policies that could set the stage for trade spats. Source: Reuters. In an initial knee-jerk reaction to Trump’s comments, the dollar
November 26, 2024 in Investments -
Pepkor reveals 17% profit growth to R9.8bn, boosting confidence in retail and fintech
JSE-listed Pepkor Holdings Limited has announced a 17% increase in group operating profit to R9.8bn with revenue growing to R85.1bn, driven by resilient performance across its retail and fintech operations. Image supplied The group, which released its reviewed annual results for the year ended 30 September 2024 declared a 48.5 cents per share dividend. Pieter
November 26, 2024 in Investments -
Packaging innovations seal the deal in South Africa’s bottled water market
Both globally and locally, the bottled water market has seen significant innovation in packaging designs, driven by consumer preferences for convenience, sustainability, and enhanced functionality. This shift is part of a broader trend, with demand for user-friendly packaging surging as health-conscious individuals prioritise hydration on-the-go. Consequently, companies are increasingly adapting their product packaging to meet
November 25, 2024 in Manufacturing -
Pick n Pay raises R8.5bn in Boxer IPO
South African grocery retailer Pick n Pay raised R8.5bn after selling a 34.4% stake in its discount chain Boxer at R54 per share to institutional investors in an initial public offering, it said on Monday, 25 November 2024. Source: Reuters/Siphiwe Sibeko The IPO is the second and final step of CEO Sean Summers’ two-step recapitalisation
November 25, 2024 in Investments -
Gauteng’s stagnant property prices make it the best market to get into right now, says Seeff
Following another interest-rate cut, Gauteng is the property market to get into right now. Source: Supplied. According to Samuel Seeff, chairman of the Seeff Property group, Gauteng offers the best value in the country at present, and this is across almost all price categories including luxury property. He says the latest interest-rate cut should be
November 25, 2024 in Property & Real Estate -
Murray & Roberts stops trading, puts SA operations on life support
Murray & Roberts (M&R) announced on Friday that it will be voluntarily suspending share trading. A quick look at the company’s financial statements reveals a turbulent year of liquidity constraints and operational setbacks. Despite stabilising revenue across its global underground mining businesses, the South African division suffered the descoping of the Venetia contract, which slashed
November 25, 2024 in Property & Real Estate -
PepsiCo expands potato chip production plant with R746m investment
PepsiCo South Africa has expanded its Isando factory with a new potato chip production line with R746m investment. Image supplied This will create 100 more jobs in the community and position the company to meet the growing appetite for snack foods in Southern Africa. In addition to the South African market, PepsiCo South Africa’s chips
November 25, 2024 in Manufacturing -
Record prices in Kalk Bay proving that quaint charm is the new cool
Voted by Forbes as one of the coolest neighbourhoods in the world, Kalk Bay’s growing popularity is clearly evidenced by skyrocketing median property prices that reached record highs this year and, with very little available land left for new development, this quaint seaside village is set to become the Cape’s hip holy grail. Source: Supplied.
November 22, 2024 in Property & Real Estate -
Africa back in favour as investors eye currency stability and demographic opportunity
As the dust settles around the outcome of the 2024 United States’ presidential elections, global investors are considering their stance on geographical exposures. This will have specific implications for emerging and frontier markets, especially when it comes to the African continent. Source: Pexels. While the jury is still out on what a four-year Donald Trump
November 22, 2024 in Investments -
Repo rate cut provides much-needed boost to housing market activity
With headline consumer inflation down to 2.8% last month (October 2024), which is significantly lower than 3.8% in September and the lowest since February 2021, the MPC was likely to reduce the repo rate by at least a further 25 bps, says Andrew Golding, chief executive of the Pam Golding Property group. Source: Dr Andrew
November 21, 2024 in Property & Real Estate -
Could De Beers be the next Twitter?
In 2022, Elon Musk paid $44bn for Twitter, and having acquired such a famous brand, changed its name to X. Why did he do it? Because he could. And when you have that kind of money floating about, it must be tempting to shock the world. It didn’t go well. The messaging system that, unlike
November 21, 2024 in Investments -
3 reasons why buying vacant land in an estate is a good investment
Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself. Source: Pexels. While buying a completed home is a better investment choice for some, there are some significant benefits to buying vacant land.
November 20, 2024 in Property & Real Estate -
Sappi pledges R10.8bn in ongoing investment in KwaZulu-Natal
In a strong demonstration of its ongoing commitment to supporting investment in KwaZulu-Natal, Sappi Southern Africa has pledged to invest R10.8bn in the province over the next five years. This significant pledge was announced by SappiSA CEO Alex Thiel at the KZN Investment Conference, held at the Inkosi Albert Luthuli ICC in Durban on 11
November 19, 2024 in Investments -
What the Companies Act says about financial assistance and share buybacks
On 25 July 2024, President Ramaphosa assented to the Companies Amendment Act, 2024 and the Companies Second Amendment Act, 2024, each of which will come into operation on a date to be fixed by the President by proclamation in the Gazette. Image source: Aleksandr Khakimullin – 123RF.com Much has been written about the changes to
November 19, 2024 in Investments -
Treasury estimates economic cost of Construction Mafia at R63bn so far
Deputy Minister of Finance, Ashor Sarupen, issued a stark warning during the National Construction Summit. The ministerial keynote highlighted the severe economic impact of the so-called construction mafia on South Africa’s economy. Addressing an audience that included prominent government officials and industry leaders, the Sarupen revealed that criminal syndicates and site disruptions have hindered over
November 19, 2024 in Investments -
Unlock the investment potential of Simbini Lifestyle Estate
Nestled along the banks of the Crocodile River with panoramic views of the world-renowned Kruger National Park, Simbini Lifestyle Estate stands as a beacon of luxury living in the heart of Mpumalanga. Source: Supplied. This exceptional estate redefines exclusivity, offering residents a harmonious blend of nature, serenity, and modern conveniences. Simbini Lifestyle Estate offers unparalleled
November 18, 2024 in Property & Real Estate -
How much does your factory depend on memory?
It seems we just cannot shake the reference to “smart” factories in the modern manufacturing world. Everywhere you turn, there are new systems, equipment and systems being pushed to make the factory smarter and in today’s fast-paced manufacturing landscape, anything that can improve operational excellence must be considered. Johan du Toit, strategic sales executive for
November 18, 2024 in Manufacturing -
Emira reports robust half-year results and reshapes its portfolio
Emira Property Fund (JSE: EMI) reported strategic delivery, diversification-enhancing acquisitions, active capital recycling, and strong operational and balance sheet metrics for its six-month interim period ended 30 September 2024. The company’s interim distributable income per share increased by 6.9%. It declared a 1.1% higher cash-backed interim dividend per share of 62.39c. Emira’s net asset value
November 15, 2024 in Property & Real Estate -
African Agri Investment Indaba to connect investors with $1bn in agri projects
The seventh annual African Agri Investment Indaba, scheduled for 19-20 November 2024 at the Cape Town International Convention Centre, will feature the highly anticipated Investor Discovery Sessions (IDS). These sessions will connect investors, financiers, and stakeholders with over $1bn in vetted agricultural projects, highlighting key opportunities for investment in Africa’s agriculture sector. Source: Supplied With
November 15, 2024 in Investments -
Post your next level jobs and take careers to the next level with Bizcommunity Recruitment
Bizcommunity Recruitment packages are used by hundreds of recruiting companies and specialist recruiters to find candidates from graduate and entry level to senior and executives finding their next level jobs in the heart of the B2B media on Bizcommunity. Recruiters, find job seekers tracking thousands of job vacancies by sector, region and experience level on
November 15, 2024 in Manufacturing -
How our leaders are solving Africa’s smartphone struggle #AfricaTechFestival
Efforts to make smartphones more affordable in Africa are facing several unique challenges. It is not as simple as subsidising devices, there are prohibitive costs and gaps in local manufacturing. Bizcommunity gathered comment from industry leaders and policy makers who gathered at Africa Tech Festival 2024 to discuss these issues and explore solutions, including manufacturing
November 14, 2024 in Energy -
Trump policies may cause an initial global and US economic downturn
When Donald Trump steps into the Oval Office on 20 January 2025, and starts implementing all his proposed economic policies, it may initially negatively impact the United States (US) and global economic growth, according to Citadel chief economist, Maarten Ackerman. Source: Supplied. Chief economist and advisory partner at Citadel, Maarten Ackerman. Source: Supplied. Citadel’s chief
November 14, 2024 in Investments -
Dollar scales six-month peak as US inflation comes in focus
The US dollar scaled a fresh 6-1/2-month peak against other major currencies on Wednesday, 13 November 2024, and the Japanese yen fell to its lowest level since July, driven by so-called “Trump trades” ahead of key US inflation data later in the day. Source: Reuters. The dollar is reaping the benefits of Republican Donald Trump’s
November 13, 2024 in Investments -
How can SA businesses maximise the benefits of a strong rand?
Over the past few months, the rand has strengthened considerably against major currencies. Driven by optimism around the government of national unity (GNU), bigger interest-rate cuts by the Reserve Bank than the Federal Reserve, and a general positive swing in sentiment towards emerging markets, it’s seen particularly significant gains against the US dollar. Within the
November 12, 2024 in Investments -
US bond sell-off: A harbinger of things to come?
<p><img src=”https://biz-file.com/c/2411/757421-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source:” align=”left”><br><span >Source: [[https://www.pexels.com/search/Trading%20Floor%20with%20Bond%20Market%20Indicators/ Pexels]]</span><p>Bond investors sounded the alarm bell last week on Trump’s second presidential term.</p><br> <a href=”https://www.bizcommunity.com/article/us-bond-sell-off-a-harbinger-of-things-to-come-255997a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=253350″>Send to a friend</a></p><div style="clear:left"></div> Source link
November 12, 2024 in Property & Real Estate -
Mesh makes the ‘magic’ of compounding open to all
Investors call it the eighth wonder of the world. Every fund manager knows the old quote that, “He who understands it, earns it; he who doesn’t, pays it.” The “it” in question is compounding – and it’s the magic ingredient in the Λnβro Dynamic Compound portfolio, an Actively Managed Certificate (AMC) recently listed on digital
November 12, 2024 in Investments -
Euro hits lowest since late June vs dollar on tariff worries
The euro hit a 4-1/2-month low against the US dollar as investors worried about possible US tariffs which would hurt the euro area’s economy. Source: Reuters. The greenback was within striking distance of the levels seen right after the US presidential election against major currencies as markets focused on data and Federal Reserve speakers and
November 11, 2024 in Investments -
Boxer formally announces its intention to list on JSE
Boxer, a wholly-owned subsidiary of the Pick n Pay Group, published its pre-listing statement as it commences the process of listing on the Main Board of the Johannesburg Stock Exchange (JSE) on 28 November 2024. Boxer also plans to have a secondary listing on the A2X. Image supplied As part of the IPO, the Pick
November 11, 2024 in Investments -
Energy ministry calls for more local content after R17bn spent on renewables
Deputy Minister of Energy and Electricity, Samantha Graham-Maré, revealed that South Africa has imported R17bn worth of renewable energy materials – including solar panels, inverters, and lithium-ion batteries – in just the first nine months of 2024. This import figure reflects a growing demand for renewable energy solutions, with total imports in the sector now
November 10, 2024 in Manufacturing -
New UK sanctions on Russia also target Africa Corps
New sanctions against Russia announced by the British government on Thursday, 7 November 2024 will also target three private mercenary groups with links to the Kremlin, including Africa Corps, and 11 individuals associated with Russian proxies. In addition, the sanctions target entities based in China, Turkey and central Asia involved in supply and production of
November 8, 2024 in Investments -
SA REIT and Nedbank lead sustainability drive in real-estate sector
The South African Real Estate Investment Trust Association (SA REIT) Association in partnership with Nedbank Corporate and Investment Banking (CIB) has launched the SA REIT Sustainability Disclosure Guide, aimed at establishing sustainability standards and best practice benchmarks for the real-estate sector in South Africa. Source: Supplied. Joanne Solomon, chief executive officer of SA REIT Association.
November 8, 2024 in Property & Real Estate -
Didn’t understand the investment policy fine print? New ruling offers no sympathy
Think long and hard about what to do with an unexpected financial windfall. That’s the lesson from a new High Court judgment involving a woman who decided to invest an inheritance in a policy, only to find out later that the terms and conditions of the contract didn’t suit her. Nosifiso Chigombo unfortunately misunderstood the
November 8, 2024 in Investments -
Asia stocks sputter as focus shifts to China stimulus
Asian stocks pared early gains on Friday, 8 November 2024 as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Source: Reuters. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the
November 8, 2024 in Investments -
At these levels, there’s value in the current oversupply of commercial property space
For the past seven years, South Africa’s listed property sector has been in the doldrums. A toxic cocktail of economic weakness leading to rising vacancies, the devastating impact of Covid-19 lockdowns and higher interest rates, and the added burden of load shedding and various other costly utility challenges, created a perfect storm. It brought cruel
November 7, 2024 in Property & Real Estate -
Trump’s approach to global trade: Market uncertainties rise
The recent US election has brought a lot of uncertainty into international financial markets, and emerging markets, to which South Africa and the rand are no exception, being one of the more vulnerable markets when faced with sudden change. Source: Reuters. When markets are confronted with uncertainty, there is usually a flight of funds towards
November 7, 2024 in Manufacturing -
Investment success isn’t as clear-cut as just following the Fed
It’s time to challenge some misguided assumptions about financial markets. One common belief is that South African markets are underperforming compared to those in the US. Source: Reuters. While South Africa has faced economic challenges, the idea that local equity investments should be avoided in favour of rand-hedge or offshore stocks is flawed. However, the
November 7, 2024 in Investments -
Donald Trump elected US president in stunning comeback
Donald Trump was elected president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad. Source: Reuters. Trump, 78, recaptured the White House on Wednesday, 6 November 2024 by securing more than the
November 6, 2024 in Investments -
Standard Chartered, BII renew $350m for trade finance
Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, have announced the signing of a $350m risk participation agreement. Source: BII. Chief executive officer of BII, Nick O’Donohoe, and Saif Malik, head of banking and coverage, UK, Standard Chartered. This facility aims to
November 6, 2024 in Manufacturing -
Dollar slips as FX traders gird for US election outcome
The dollar eased on Tuesday, 5 November 2024, as traders squared positions ahead of what is expected to be a close US presidential election, while options volatility soared after recent polls dented some market bets on a victory for Republican Donald Trump. Source: Reuters. Democrat Kamala Harris has also experienced improving odds on election gambling
November 5, 2024 in Investments -
Wekaba opens new R25m high-tech automotive plant in South Africa
Wekaba, a manufacturer of medium to high-volume CNC machined automation components, has officially inaugurated its new R25m automotive manufacturing plant. Goodrich Kowane, Naacam NEC; Neil Sewnarain, Wekaba engineering business development manager; Sandile Buthelezi, Wekaba engineering shareholder; Gunter Haacke, Wekaba engineering managing director; Robert Spoon, Wekaba engineering shareholder; and Christiaan Schoeman, SAIG CFO | Image supplied
November 5, 2024 in Manufacturing -
Coca-Cola Beverages Africa invests $50m in Namibia, boosting production capacity by 30%
Coca-Cola Beverages Africa (CCBA) has invested $50m in a new bottling line in Namibia, capable of producing 27,000 bottles per hour. This upgrade will increase the plant’s output capacity by 30% and stimulate growth throughout the company’s value chain. Honourable John Mutorwa, Deputy Prime Minister and Minister of Works and Transport, cuts the ribbon at
November 5, 2024 in Manufacturing -
Royal Bafokeng Holdings wins big at Gender Mainstreaming Awards
RMB is pleased to announce Albertinah Kekana, chief executive officer of Royal Bafokeng Holdings (RBH) as the winner in the RMB’s Africa’s Fearless Thinker category at the 12th Gender Mainstreaming Awards (GMAs)—an initiative by Business Engage. Source: Supplied. Albertinah Kekana chief executive officer of RBH; Nana Phiri head corporate client groups at RMB, and Colleen
November 5, 2024 in Venture Capital -
Expectations for another interest-rate cut in November
On Thursday, 21 November 2024, the Monetary Policy Committee will deliver its decision regarding the interest rate. With South Africa’s inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%. Source: 123RF. A further cut would be most welcomed,
November 4, 2024 in Property & Real Estate -
One-of-a-kind heritage property famous for movie shoots lists for R45m
In a city buzzing with real-estate turnover, it’s rare to encounter a property that’s as rich in history as it is in charm. One such find is Trovato House, a heritage marvel on the market for R45m. Source: Supplied. This storied colonial manor has sat perched on the verdant Wynberg Hill for 125 years, a
November 4, 2024 in Property & Real Estate -
What does China’s new policy direction mean for investors?
China’s leaders have shown clear intent on where they see policy heading. Over the past month we’ve seen a series of announcements from the central bank, financial regulators, the finance and housing ministries as well as the Politburo (see chart, below). But what do these announcements mean for markets? Schroders experts examine some of the
November 4, 2024 in Investments -
Latest home-loan data shows early resurgence in first-time homebuyers
According to findings from the third quarter of 2024 (Q3 ’24), first-time homebuyers have started responding positively in the wake of interest-rate cuts at the end of September. Source: Supplied. Rhys Dyer, chief executive officer of ooba Group. The latest data from ooba Home Loans, South Africa’s leading home-loan comparison service, indicates early signs of
October 31, 2024 in Property & Real Estate -
GWM SA says local production is ‘on the cards’
GWM South Africa’s sales director says the Chinese firm is “thinking” about setting up a local production facility, adding such a move is “on the cards” but still in its infancy. Is GWM South Africa – which has had a presence in the local market for more than 17 years – thinking about setting up
October 31, 2024 in Manufacturing -
Shoprite’s first-quarter sales rise 10.4%
South African supermarket group Shoprite reported on Tuesday, 29 October 2024, its first-quarter sales rose 10.4%, buoyed by new store openings and growth across all its operating segments. Source: Reuters/Thomas Mukoya/ The retailer’s shares were up 5.86%. Shoprite said in an operational update that its internal selling inflation eased to 2.6% during August and September,
October 31, 2024 in Investments -
US-based MDIF exits Mail & Guardian, sells to local shareholders
The Media Development Investment Fund (MDIF) has exited South Africa’s Mail & Guardian M&G ending its 22-year association with the company. Source: © Facebook Facebook The Media Development Investment Fund (MDIF) has exited South Africa’s Mail & Guardian The New York-based not-for-profit investment fund sold its majority shareholding in M&G to minority shareholder and former
October 31, 2024 in Investments -
Tetra Pak’s manufacturer base educates schoolgoers in The Recycle Carton campaign
Following last year’s successful pilot of its educational Recycle Carton competition in the Eastern Cape, Tetra Pak has teamed up with a broader manufacturer base – Orange Grove, RFG Foods and Woodlands Dairy – to increase awareness of the importance of recycling among schoolgoers and the importance of collective responsibility to protect our environment. Image
October 31, 2024 in Manufacturing -
Mesh.trade makes Λnβro Unicorn Global Equity AMC available to South African investors
The term ‘unicorn’ refers to a privately held start-up with a valuation of $1bn or more. Examples of unicorns are Uber, NVIDIA, AirBnB, SpaceX and OpenAI. Unicorns, which tend to be disruptive technology businesses but can exist in diverse sectors, have offered handsome returns to investors who were involved from early in their growth journeys.
October 30, 2024 in Investments -
US dollar rally pauses before jobs data, bitcoin trades near record
The dollar backed off a three-month peak on Wednesday, 30 October 2024 as investors waited for key economic data, while bitcoin sat close to a record high as traders raised their bets on a Donald Trump victory in next week’s presidential election. Source: Reuters. Meanwhile, the euro ticked up from a three-month low as inflation
October 30, 2024 in Investments -
Hewatele breathes easy, delivering medical oxygen across Africa
Kenyan social enterprise Hewatele has taken bold steps to modernise its technology systems as it aims to transform its production capabilities and scale up supply of life-saving medical oxygen to facilities throughout East Africa. Source: Supplied. Cameron Beveridge, vice-president of SAP Enterprise Solutions at VC ERP. Hewatele is a social enterprise in Kenya that produces
October 30, 2024 in Manufacturing -
Buyers from 36-49 years still dominate the residential sales market
Perhaps not surprisingly, and according to Lightstone statistics, the age cohort of home buyers reflecting growth in numbers since 2018 are those between 36 and 49 years – the largest group of purchasers, while those from 50-64 are also very active buyers and investors. Source: Supplied. Dr Andrew Golding, chief executive of the Pam Golding
October 30, 2024 in Property & Real Estate -
A cautious optimism signals new phase of stability and growth
On the eve of the Medium-Term Budget Policy Statement (MTBPS), there is a cautious optimism about the country’s economic trajectory. Source: © 123rf 123rf there is cautious optimism on the country’s economic trajectory on the eve of the MTBPS This year the MTBPS comes amidst decreasing inflation, which is still high, but gradually lower interest
October 29, 2024 in Investments -
Boxer IPO in Johannesburg could raise close to R8bn for Pick n Pay
South African retailer Pick n Pay, which is listing its discount grocery chain Boxer in Johannesburg through an initial public offering, said on Monday, 28 October 2024, that the base size of the IPO would be towards the upper end of its guidance. Source: Reuters/Siphiwe Sibeko Pick n Pay previously said proceeds from the IPO
October 29, 2024 in Investments -
Responsible innovation driving the future of cross-border payment in Africa
“Cross-border payments are more than just transactions; they’re about overcoming regulatory complexities and reducing friction,” says Jill Wilmans, managing director of Secure FX, one of Africa’s leading cross-border payments and treasury service providers. “Our focus is on responsible innovation – understanding the rules, assessing the risks, and making it all work seamlessly.” Secure FX is
October 28, 2024 in Investments -
How oil price outcomes will impact wider financial markets
The conflict in the Middle East has witnessed an escalation. From an investment standpoint, the main question to ask in situations of heightened geopolitical risk like this is: “What is the transmission mechanism from this event to markets?” Or to put it in simpler terms, “What impact could this have on inflation, interest rates and
October 25, 2024 in Investments -
Inside the plan to harness nuclear power for sustainable growth
Brics countries are set to power two-thirds of global nuclear energy growth by 2030. To drive this momentum, the newly formed Brics Nuclear Energy Platform unites key players from Brics+ nations, including Russia, South Africa, China, and Brazil, fostering collaboration, knowledge exchange, and cutting-edge nuclear technology. Source: Supplied. Leaders of top nuclear organisations recently convened
October 25, 2024 in Investments -
Now is the time for the property sector to re-think risk
The construction industry is a powerhouse, reshaping skylines and revitalising communities. But beneath the scaffolding, a growing threat is emerging. Jason Griessel, head of strategic risk services at Cushman & Wakefield | BROLL In recent years, tragedies like the George building collapse in South Africa, the L’Aquila earthquake in Italy, the devastating earthquakes in Haiti
October 24, 2024 in Property & Real Estate -
It’s time for capital markets to be open to all
Entrepreneurs, by their very nature, are able to leverage opportunity in both the good times and bad, however, the good times in particular create fertile ground for growth. There are many businesses in our country with high-growth potential, yet access to the capital needed to fulfil that potential is limited at best, and insufficient at
October 24, 2024 in Investments -
Global investors overlook election uncertainties to double down on global equities and private equity
Global investors are looking through the short-term noise created by this year’s election cycle to harness the major trends of deglobalisation, disruption and decarbonisation by increasing their exposure to global equities and private equity, according to this year’s flagship Schroders Global Investor Insights Survey. Source: Schroders Global Investor Insights Survey. The landmark survey – which
October 24, 2024 in Investments -
DTIC lauds APDP and AIS initiatives
Minister of Trade, Industry and Competition, Parks Tau, applauded the strides made in South Africa’s automotive sector, thanks to critical incentives and policy frameworks provided by the Automotive Production and Development Programme (APDP). Speaking at the South Africa Auto Week in Cape Town, Tau explained his views on the role of these initiatives in attracting
October 22, 2024 in Manufacturing -
AfriGIS wins prestigious global hackathon on sustainable finance
AgriEco Hub stood out as a powerful tool for channelling green finance into agriculture, addressing the need for accessible, measurable finance solutions that promote sustainability and biodiversity while reducing financial risks. The platform connects smallholder and commercial farmers with financial institutions to drive profitability and resource efficiency. Rochelle Mountany, CEO of AfriGIS “The hackathon allowed
October 22, 2024 in Investments -
South African rand slips as investors eye inflation data
South Africa’s rand slipped against a stronger dollar on Monday, 21 October 2024, as investor focus shifts towards local inflation figures due later this week. Source: Reuters. At 0706 GMT, the risk-sensitive rand traded at 17.64 against the dollar, 0.3% weaker than its previous close. The dollar index was last up about 0.15% against a
October 21, 2024 in Investments -
7 things every investor should check
Purchasing a fixer-upper home can be an exciting and rewarding project as well as a potentially lucrative investment, but it does come with significant risks and if you don’t assess the property thoroughly, what seems like a bargain could quickly turn into a money pit – and a stressful nightmare. Source: Supplied. So says Arnold
October 17, 2024 in Property & Real Estate -
Redefine Properties initiates largest secured funding model in South Africa
Redefine Properties has achieved a major milestone with the successful restructuring of a R27.7bn secured funding arrangement. Source: Supplied. Ntobeko Nyawo, chief financial officer of Redefine. This transaction, the largest of its kind in the South African listed property sector, marks a significant shift in how Redefine manages its funding. The innovative structure, designed as
October 16, 2024 in Property & Real Estate -
Use interest-rate savings to pay off your home loan faster, says Seeff
There is simply no substitute for owning the roof over your head, says Samuel Seeff, chairman of the Seeff Property Group. It not only creates stability and a foundation upon which to build a life, but creates long-term wealth. Source: Supplied. Investing in property should be at the top of your list if you are
October 15, 2024 in Property & Real Estate -
Record-low vacancies drive Equites Property Fund’s strong financial performance
Equites Property Fund has announced its results for the six months to 31 August 2024, highlighting Dividends Per Share (DPS) of 66.50 cents, well in line with its market guidance. Source: Equites chief executive officer, Andrea Taverna-Turisan. Equites said that both the South African and the United Kingdom property portfolios are performing well, driven by
October 15, 2024 in Property & Real Estate -
Buyers flocking to Langebaan and the West Coast
The small West Coast towns and villages are no longer just for holidays and retirement, as more people are moving into areas like Langebaan, Yzerfontein, and further afield to St Helena Bay and Elands Bay, according to agents from the Seeff Property Group. Source: Supplied. The beautiful fishing villages, many with white-washed Cape vernacular architecture
October 14, 2024 in Property & Real Estate -
PG Bison unveils new SupaWood Medium-Density Fibreboard (MDF) line in Mkhondo
PG Bison proudly welcomed guests to the official launch of its new medium-density fibreboard (MDF) line in Mkhondo, marking a significant milestone for the company and the South African furniture industry. The project was one of the investment commitments made at President Ramaphosa’s 2020 South African Investment Conference. Gerhard Victor, CEO of PG Bison, emphasised
October 9, 2024 in Property & Real Estate -
Premium industrial assets hit the market in Cape Town
Cushman & Wakefield | BROLL Capital Markets offers the market two adjacent logistics assets in the prized location of Brackengate Business Park Sean Berowsky Shane Howe In a move set to attract the attention of leading investors in the local industrial property sector, two A-grade logistics facilities in the highly sought-after Brackengate Business Park are
October 8, 2024 in Property & Real Estate -
South Africa becomes exclusive home to BMW’s hybrid X3 production
Production of BMW’s new X3 has kicked off with production taking place in its Rosslyn plant for global export. The plant is the only facility to build the BMW X3 as a plug-in hybrid vehicle (PHEV). Image supplied On 28 August 2024, BMW Group Plant Rosslyn ended the production of the third-generation BMW X3, totalling
October 8, 2024 in Manufacturing -
US 10-year Treasury yield hits 4%, keeps equity bulls in check
The benchmark 10-year Treasury yield rose to 4% on Monday, 7 October 2024 after last week’s US labour market data dispelled fears of a recession, driving a paring of rate-cut bets, and supporting the dollar and equities at least initially. Source: Reuters. Potentially market moving data this week is not due until Thursday in the
October 7, 2024 in Investments -
Major fashion e-tailer abandons local content with restructuring rumours
The rumoured shuttering of another South African fashion label spells more doom for the local industry. Source: Imagen 3 This latest restructuring follows a round of cuts in 2023, driven by challenging economic conditions impacting business planning. Superbalist, then part of the Naspers-owned Takealot Group, undertook a Section 189 process last year to reduce its
October 7, 2024 in Manufacturing -
Ramokgopa hints at local manufacturing policy for renewable tech
In response to a question from Bizcommunity during a press conference on the closing day of Windaba 2024, Minister of Electricity and Energy, Kgosientsho Ramokgopa, reaffirmed his department’s commitment to increasing local content in South Africa’s renewable energy sector. Ramokgopa acknowledged the shortcomings in previous renewable energy bidding rounds, where local content requirements were often
October 4, 2024 in Manufacturing -
Jaguar Land Rover invests £500m to transform historic factory for EV production
Jaguar Land Rover (JLR) has revealed a £500 million investment to upgrade its historic Halewood facility, enabling the simultaneous production of electric vehicles alongside its current combustion and hybrid models. Image supplied Originally built in 1963 to produce the Ford Anglia, Halewood is being transformed for the electric era. With £250m already invested, the transformation
October 1, 2024 in Manufacturing -
Advent seals Syspro deal with Compcom approval
The Competition Commission has given the green light to private equity firm Advent International’s acquisition of a majority stake in Syspro, an ERP software company for the manufacturing and distribution industries founded in South Africa by Phil Duff in 1978. The approval comes with conditions, including a two-year moratorium on retrenchments and the establishment of
October 1, 2024 in Manufacturing -
Standard Bank and Meridiam team up to to boost opportunities in Africa’s energy infrastructure
Together Standard Bank Group and Meridiam hosted a joint event with the theme Unlocking public infrastructure investment in South Africa, to unlock investment opportunities in alternate energy infrastructure on the continent. Source: © 123rf 123rf Standard Bank Group and Meridiam hosted an event, Unlocking public infrastructure investment in South Africa, to unlock investment opportunities in
September 30, 2024 in Energy -
Standard Bank and Meridiam team up to to boost opportunities in Africa’s energy infrastructure
Together Standard Bank Group and Meridiam hosted a joint event with the theme Unlocking public infrastructure investment in South Africa, to unlock investment opportunities in alternate energy infrastructure on the continent. Source: © 123rf 123rf Standard Bank Group and Meridiam hosted an event, Unlocking public infrastructure investment in South Africa, to unlock investment opportunities in
September 30, 2024 in Energy -
What you need to know about heritage properties
One of the most tangible connections we have to our country’s rich cultural history is our heritage properties – those historic homes and buildings that capture the essence of earlier architectural styles and stand as symbols of the times in which they were built. Source: Supplied. These properties are not only fascinating in their aesthetic
September 27, 2024 in Property & Real Estate -
Real estate to rebound as South Africa cuts interest rate, says Yael Geffen
Lew Geffen Sotheby’s International Realty chief executive officer Yael Geffen says the Sarb’s recent 25 basis-point cut is the best news that South Africa’s highly debt-burdened consumers have had in four years. Source: 123RF. “Until the announcement today, South Africa’s real rates had reached the highest level in 19 years, and consumers hadn’t seen a
September 25, 2024 in Property & Real Estate -
Zimbabwe’s new currency faces headwinds five months on
Five months after its launch, Zimbabwe’s new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government’s plan to make it the only currency in the market by 2026. Source: Reuters. The gold-backed ZiG, which stands for Zimbabwe Gold, is the country’s sixth attempt at a stable
September 20, 2024 in Investments -
BOJ and PBoC keep rates unchanged, dollar on the backfoot
The Bank of Japan erred on the side of caution and kept rates unchanged as expected despite inflation being at a 10-month high. Source: 123RF. The BOJ said it expected inflation to rise further and for the economy to grow steadily, opening the way for rates to rise fairly soon. The People’s Bank of China
September 20, 2024 in Investments -
SA economy under strain as MPC opts for modest repo-rate cut
South Africans’ hopes have been dashed as the Monetary Policy Committee (MPC) unanimously decided to only lower its repo rate by 25 basis points to 8% per annum, with effect from Friday, 20 September. Source: Reuters. South African Reserve Bank’s Lesetja Kganyago. “The MPC ultimately reached a consensus on 25 basis points, agreeing that a
September 19, 2024 in Investments -
Fed cuts by 50bps but with a less dovish outlook
The Fed FOMC cut rates by 50bps in line with market bets yesterday, initially sending the dollar weaker with the euro hitting 1.1190, the pound nearly touching 1.33, and the rand firming to R17.42 levels. Source: 123RF. However, Fed chair Powell poured cold water on future big cuts as he forecast a further two 25bps
September 19, 2024 in Investments -
Brics and China unite for a groundbreaking commodities exchange system
The Brics Competition Law and Policy Centre together with partners from China will develop the Brics commodities exchange system. The document was signed on the margins of the 2024 National Fair Competition Conference of China. Source: Brics Competition Law and Policy Centre. As quoted in the report presented at the forum, “the Brics Competition Law
September 19, 2024 in Investments -
The attractions of the small-mid private equity segment
New empirical research from Schroders Capital reveals that small and mid-sized private equity funds have outperformed large funds with greater resilience through economic cycles. As the private equity market has grown over the past few decades, large funds have attracted an increasingly large share of overall limited partner (LP) capital. Investors have gravitated towards large
September 18, 2024 in Investments -
Urgent call for interest-rate cut to rejuvenate SA’s property market
The time has now arrived for an interest-rate cut. It cannot be delayed any longer. The higher than necessary rate is hampering growth in the economy and property market, which is causing more damage than good. Source: 123RF. This is the message of Samuel Seeff, chairman of the Seeff Property Group, speaking ahead of this
September 18, 2024 in Property & Real Estate -
Milkor puts SA back on the advanced military engineering radar
Milkor, a South African defence technology company, has been making strides in the development of its Milkor 380 drone, a premium addition to the country’s unmanned aerial vehicle (UAV) capabilities. “We are not competing against companies, we are competing against countries – China, for example, has a few of these UAV systems of this size,”
September 17, 2024 in Manufacturing -
Indaba to tackle food insecurity and drive Zero Hunger by 2030
The African Agri Investment Indaba, set for 18-20 November in Cape Town, will gather over 800 stakeholders to address Africa’s critical food insecurity crisis. According to the Food and Agriculture Organization (FAO), despite the continent’s agricultural potential, 282 million people remain undernourished and over a billion lack access to healthy diets. The crisis has escalated
September 13, 2024 in Investments -
Bridgewater and Global Citizen LED Economic Development Assembly coming to Abidjan on 9-10 October
Convening political, private sector, cultural and philanthropic leaders, assembly to call on G20 Governments to support the World Bank’s IDA21 replenishment… Featuring H.E Alassane Ouattara, president of Côte d’Ivoire; H.E Robert Beugré Mambé, prime minister of Côte d’Ivoire; Ajay Banga, president of the World Bank; Hugh Evans, co-founder and CEO, Global Citizen; Hafou Touré, CEO,
September 13, 2024 in Investments -
Standard Bank champions China-Africa trade ties
The importance of the economic partnership between China and Africa came into full focus early this month at the 2024 Forum on China-Africa Cooperation (FOCAC), held in Beijing. “Over the past 24 years, especially in the new era, China has advanced forward hand in hand with our African brothers and sisters in the spirit of
September 13, 2024 in Manufacturing -
Huawei and Standard Bank sign strategic cooperation agreement to accelerate intelligent finance
Huawei and SBSA are signing a strategic cooperation agreement Jason Cao, CEO of Huawei Digital Finance BU, spoke about the established relationship between Huawei and SBSA, Africa’s leading bank, in several countries. He said, “We are signing an agreement for the future because we share a common goal of achieving excellence. Huawei’s cutting-edge technologies and
September 12, 2024 in Investments -
Dragonfly (powered by Anisoptera) wins 7th annual FNF GreenPitch Challenge
“We’re super excited to have been given this award and to be part of such an amazing community. Being surrounded by so many inspiring entrepreneurs makes this journey even more incredible,” said Sean Kelly, Sean Kelly, co-founder and CTO of Dragonfly. The runners up were AERO Greens, who manufacture sustainable, soilless vertical farming systems housed
September 12, 2024 in Investments -
Libstar shows solid growth, continues strategic shift to focus on food-only business
Libstar Holdings has revealed its financial results for the six-month period ended 30 June 2024, noting continued progress in executing its simplification, growth, and sustainability initiatives as per the Group’s new strategic direction that was introduced in 2023. Image supplied Despite the challenging market landscape, intensified by adverse economic conditions, the Group recorded revenue growth
September 12, 2024 in Investments -
Former minister Pravin Gordhan’s health crisis intensifies
Former minister Pravin Gordhan has been admitted to hospital, his family confirmed in a statement on Tuesday, 10 September, 2024. Source: Former Minister of Public Enterprises, Pravin Gordhan. The family assured that although Gordhan’s health has declined, he is receiving the best possible medical care. The cause of illness has not been disclosed and the
September 11, 2024 in Investments -
New JSE Cloud Marketplace promises enhanced investor insights
On Monday, 9 September, 2024, the Johannesburg Stock Exchange (JSE) introduced its new virtual storefront, the Cloud Marketplace, aiming to improve access to data and insights for South African investors while enhancing competition in the market. Source: South African Market Insights. This move is part of the JSE’s ongoing efforts to become a more competitive
September 11, 2024 in Investments -
Property investments will be more attractive once interest rate cuts start to roll
From September this year, several central banks globally are expected to deliver their first interest rate cut in many years. US Federal Reserve chair, Jerome Powell, was the latest to offer his blessing for the start of interest rate cuts, recently telling an audience of economists and policymakers that “the time has come for policy
September 11, 2024 in Property & Real Estate -
SA’s positive momentum bodes well for property on the KZN South Coast
The country’s peaceful transition to a Government of National Unity has sparked optimistic sentiment among investors, with interest in KZN South Coast properties one of the positive spinoffs of this economic upturn. Source: Supplied. Coupled with the unique natural beauty, affordable prices, and idyllic coastal location, interest in KZN South Coast properties is only set
September 10, 2024 in Property & Real Estate -
Rand in 3rd place among EM currencies against the dollar
With election season winding down, Citadel Global weighs in on the impact on the currency landscape and how market dynamics could play in the rand’s favour for the rest of 2024: Source: 123RF The rand is expected to perform well for the remainder of the year, with estimates for the end of the year ranging
September 9, 2024 in Investments -
Global gold frenzy as prices hit record highs
The unprecedented surge of gold prices above $2,500 per ounce has sparked a global frenzy, setting new market records. The South African Gold Coin Exchange and The Scoin Shop are observing soaring demand for gold, with both experienced buyers and newcomers flocking to this safe-haven asset. In the midst of global economic uncertainties, gold has
September 9, 2024 in Investments -
Claremont office and retail market outshines Cape Town’s top spots
The Southern Suburb of Claremont continues to enjoy low vacancy rates as one of the top performing office and retail markets in Cape Town. Source: Facebook/Cavendish Square Rodes Report Q4:23 emulated this, highlighting Claremont as one of the top three performers in Cape Town among the likes of the V&A Waterfront which reported a low
September 9, 2024 in Property & Real Estate -
Property stokvels exposed: The promise and the pitfalls
Are you a member of a property stokvel, or are you considering joining one? Before you take the plunge, this article is a must-read! Property stokvels have been generating significant buzz with their promises of high returns, coupled with lively social media campaigns that draw in eager investors. But what happens when the reality doesn’t
September 6, 2024 in Property & Real Estate -
What could SA’s upcoming interest-rate cut mean for people moving money internationally?
On Wednesday, 18 September, the Reserve Bank is set to cut interest rates for the first time since the height of the Covid-19 pandemic. The decrease, which will come as welcome news to heavily indebted consumers, follows a series of increases designed to curb inflation and which resulted in interest rates hitting a 15-year high
September 5, 2024 in Investments -
Bridgewater, Global Citizen, and Harith General unveil research on sub-Saharan Africa’s economic potential
Bridgewater Associates, one of the world’s most renowned hedge funds and macroeconomic researchers, together with the international advocacy organisation Global Citizen, and the leading Pan-African investor and developer across the continent, Harith General Partners, have partnered to produce brand new research highlighting the economic potential of sub-Saharan Africa’s rapidly expanding population. The collaboration brings together
September 5, 2024 in Investments -
BMW SA wraps up third-gen X3 production
The production of the third-generation BMW X3 at the Rosslyn manufacturing plant in South Africa has come to an end. The last vehicle of this model was produced on 28 August, totalling 403,114 units built. Image supplied The culmination of six years of hard work In 2015, the BMW Group announced a R6bn investment into
September 5, 2024 in Manufacturing -
Broll Nigeria’s journey of innovation and growth
Broll Property Group is thrilled to celebrate the 20th anniversary of Broll Nigeria, highlighting two decades of exceptional leadership and excellence in West Africa’s real-estate services sector. Yaba, Lagos, Nigeria. Image by T. Obi, CC BY 2.0, Wikimedia Commons. Founded in 2004, Broll Nigeria exemplifies its steadfast dedication to quality, innovation, and strategic growth across
September 5, 2024 in Property & Real Estate -
Global vaccine supply in the balance
Health Minister Aaron Motsoaledi has urged pharmacists to take a proactive role in vaccine production, as the world faces an increasing threat from infectious diseases. “The world is seriously crying for vaccines and medicines – affordable ones for that matter. Should we be squabbling with each other like we did during Covid-19?” the Minister retorted.
September 4, 2024 in Manufacturing -
Rate cuts predicted to boost homebuyer confidence and market activity soon
While the last Monetary Policy Committee (MPC) meeting left the repo and prime lending rates unchanged for 14 consecutive months, experts now believe that Quarter 4 of 2024 will hold a more buoyant outlook. Gavin Lomberg, chief executive officer of ooba Home Loans shares that in the higher for longer interest-rate environment, relief and intervention
September 3, 2024 in Property & Real Estate -
Investment, innovation and strategic partnerships
Africa’s tourism sector is poised for an exciting ascent, and it has the potential to soar if it is propelled by visionary strategies and robust investments that harness the continent’s unparalleled tourist allure. Source: Supplied. Daniel Trappler, senior director – development sub-Sahara Africa at Radisson Hotel Group (RHG). Amid the unprecedented changes of recent years,
September 2, 2024 in Investments -
How Investec’s new ESG guidebook can transform your investment strategy
Investec Wealth & Investment International, a strong proponent of sustainable and responsible investment practices, is excited to introduce its groundbreaking ESG (Environmental, Social, and Governance) guidebook. Tailored for investors and trustees within charitable institutions and the wider philanthropic community, this guide aims to enhance their understanding of responsible investing strategies. The ESG and responsible investing
August 29, 2024 in Investments -
#WomensMonth: Vivian Ngalo – head of marketing at Glacier by Sanlam brings a fresh perspective
Vivian Ngalo is on a mission to inspire young women to find purpose in their careers by aligning their work with their core values. As the newly appointed head of marketing at Glacier by Sanlam, a wealth management entity, Ngalo brings a fresh perspective to the field. In an industry often marred by unconscious biases
August 28, 2024 in Investments -
Canadian trade tariffs weigh on Chinese and commodity markets
Recent developments have seen the introduction of new Canadian trade tariffs on Chinese goods, which has contributed to a cautious mood in both Chinese and commodity-driven markets. These tariffs add to the ongoing concerns about the stability and growth prospects of the Chinese economy, exacerbating uncertainties for global investors. The ripple effects of these concerns
August 27, 2024 in Investments -
Good news for agents as rental market rallies in second quarter
A sudden surge in rental growth during Q2 2024 brings a welcome surprise for South African rental agents and landlords following a decline in the first quarter. Source: Supplied. Johette Smuts, head of data analytics at PayProp. According to the PayProp Rental Index, year-on-year rental growth rebounded to 4.9% in April from 3.6% in March,
August 26, 2024 in Property & Real Estate -
Electra Mining Africa to unveil innovative new products, technologies and services
Electra Mining Africa is a recognised highlight on the mining and industrial events calendar. Local and international companies are gearing up to take advantage of the opportunity to meet face-to-face with thought leaders and decision-makers in their specific industries and are preparing to launch their new products, innovations, technological advancements and services at this year’s
August 26, 2024 in Manufacturing -
Thoma Bravo’s Bidco gets Compcom approval for $5.3bn Darktrace deal
Compcom has given the regional greenlight for the Darktrace acquisition. Lynch, a pioneering UK tech entrepreneur and founding investor of Darktrace, passed away tragically when his luxury yacht abruptly sank in the Mediterranean. The accident also claimed the lives of his 18-year-old daughter, a prominent banker, and a lawyer. Lynch, who was instrumental in Darktrace’s
August 24, 2024 in Investments -
Local manufacturing to play a prominent role at Electra Mining Africa 2024
The local South African manufacturing sector is a pillar of the South African economy, with the potential to play a crucial role in the country’s economic growth and recovery. Electra Mining Africa provides an excellent platform to support local businesses in unlocking the potential of the local manufacturing sector. This year’s Electra Mining Africa is
August 23, 2024 in Manufacturing -
CFAO South Africa announces a new automotive body parts manufacturing plant joint venture
CFAO South Africa is pleased to announce a new joint venture between one of its subsidiaries, Toyota Tsusho Africa, and Ogihara Thailand, to be known as Ogihara South Africa and the construction of a new component manufacturing plant located at the Dube Tradeport in Durban to supply product to Toyota South Africa. The Minister of
August 23, 2024 in Manufacturing -
Standard Bank sees increased home-loan approvals as demand resurfaces
The South African residential property market has faced significant headwinds through the course of the year with a further slump in home-loan applications. As interest rates climbed to cool off inflation, the home-loans sector experienced a sharp decline, echoing the cautious sentiment of buyers and creating muted growth across the real-estate landscape. However, amid this
August 22, 2024 in Property & Real Estate -
New products, innovations and world-class technologies at Electra Mining Africa
An exhibition viewed by industry as one of the most important events on the calendar, Electra Mining Africa provides a unique platform where exhibitors can launch new products and showcase their latest innovations and technologies. Taking place at the Expo Centre in Nasrec, Johannesburg, from 2 to 6 September, visitors to Electra Mining Africa will
August 22, 2024 in Manufacturing -
Verve – the fibre of choice for the future
In our fast-paced world, typified by its burgeoning consumerism and its use and discard mentality, fashion is a fickle mistress and responsible textile production is fraught with challenges. With landfill sites choking up with yesterday’s fast fashion fads, and dubious manufacturing, environmental and labour practices rife in the industry, it’s good to know that there
August 21, 2024 in Manufacturing -
Absolute return funds: ESG’s vital role
Environmental, social, and governance (ESG) factors play a crucial role in absolute return funds, which employ an asymmetric investment return philosophy. The alignment between ESG considerations and the goals of these funds – upside capture and downside protection – underscores the importance of ESG in achieving both return enhancement and risk mitigation. Absolute return funds
August 20, 2024 in Investments -
Global leaders unite in London to drive Africa’s sustainable growth and nnovation
The Financial Times has announced the 11th edition of its annual FT AfricaSummit, taking place between 29 October 2024 and 30 October 2024, at The Peninsula, London. This year’s summit will convene African Heads of State, policymakers, global investors, and business leaders to engage in critical dialogues aimed at identifying opportunities for Africa’s sustainable growth
August 19, 2024 in Investments -
Cape Town CBD property development hits R7.285bn in 2023
Confidence in the investment potential of the Cape Town CBD is high with the total value of property development in 2023 exceeding R7,285bn – an increase of over R3,730bn compared with 2022. Source: Supplied. Other key economic sectors that drive the Cape Town inner-city economy – business tourism, hospitality, eventing and retail – also showed
August 15, 2024 in Property & Real Estate -
Ghanaian minister visits Biovac to explore vaccine capabilities
African biopharmaceutical company, Biovac, and the African Vaccine Manufacturing Initiative (AVMI) together with members of South Africa’s health ministry, hosted the Honourable Minister of Health for Ghana, Bernard Okoe-Boye, and his Ghanaian delegation on Monday, 12 August, 2024. Source: Biovac. This significant visit aimed to highlight South Africa’s vaccine-production capabilities as a showcase of end-to-end
August 14, 2024 in Manufacturing -
Loop CEO champions women in STEM, leading inclusive innovation
Kimberley Taylor, founder and chief executive officer of Loop, a delivery management platform that supports the Checkers Sixty60 operations, is an outlier in her field. Source: Kimberley Taylor, founder and chief executive officer of Loop. Globally, women represent just 29.2% of STEM workers and 12.4% of C-suite executives, with only 13% of STEM graduates being
August 14, 2024 in Investments -
#OrchidsandOnions: Investec’s elegant dance – A masterclass in sophisticated financial advertising
Coming from a family which lived “on the wrong side of the tracks”, with a father who was a barman and, additionally with that fear of poverty which is in the DNA of the Irish, I was never a spendthrift. Rainy day Putting something away for a rainy day was something my mother instilled in
August 12, 2024 in Investments -
Verve – Forest meets Fashion at Africa Textile Talks
Have you ever wondered where the fibre for clothing and textile comes from? That is part of Sappi Verve’s story – one that starts in the plantation and ends up unbeknownst to many, as fibre transformed in “Forest meets Fashion”. Worldwide textile markets are growing, and consumer demand is shifting towards the use of more
August 7, 2024 in Manufacturing -
Guala Closures to acquire Coleus Packaging and dominate cap market
Coleus is one of the biggest suppliers of crown corks in South Africa. The local operations of Astir, a Greek company under the ownership of SICC, is through its subsidiary Coleus Packaging and is a key player in the manufacturing and distribution of crown corks for the brewing and bottling industries in Southern Africa. The
August 5, 2024 in Manufacturing -
Under One Roof rolls out its residential property listing service
Under One Roof is an entirely new concept set to solve some of the most frustrating problems encountered with other property listing websites. It introduces a homeownership resource-concentrated hub that not only presents properties for rent or sale – which uniquely also assists its clients to complete a transfer to a new owner – but
August 5, 2024 in Property & Real Estate -
Milestone as Growthpoint boosts Clur Index
South Africa’s largest primary JSE-listed real estate investment trust (REIT), Growthpoint Properties, has added its substantial portfolio of retail properties to the Clur Collective asset-management support platform and integral shopping centre index. Source: Supplied. Growthpoint Properties, Paarl Mall. By sharing its significant data set, Growthpoint is supporting the retail-property sector to create better shopping-centre experiences
July 30, 2024 in Property & Real Estate -
What the GNU could mean for South Africa’s commercial property sector
The early impact of the Government of National Unity (GNU) on South Africa’s key industries cannot be underestimated. The initial vote of confidence could bode well for the commercial-property sector as it continues its slow resurgence but has since been met with mixed reactions. Source: Supplied. Simon Wilkins, managing director, advisory for Galetti Corporate Real
July 30, 2024 in Property & Real Estate -
Q2 2024 data shows market turnaround with surprise Gen Z buyers
The Quarter 2 2024 (Q2 ‘24) statistics released by South Africa’s foremost home-loan comparison service, ooba Home Loans, reveal that the residential property sector is now poised for a steady recovery, with some of the most interesting developments taking place among homebuyers aged 18 to 25. Source: Supplied. Rhys Dyer, chief executive officer of ooba
July 26, 2024 in Property & Real Estate -
Capitalising on investment potential in Cape Town’s Northern Suburbs
The northern suburbs of Cape Town is currently experiencing an economic growth. With attractive residential areas, excellent infrastructure, and growing amenities, these suburbs are becoming prime locations for investment opportunities. Now is the perfect time to consider investing in the Northern Suburbs of Cape Town because developers will soon start increasing the unit prices of
July 24, 2024 in Property & Real Estate -
African energy ministers call for more collaboration
In a ministerial panel discussion at the Continental Energy Investment Forum 2024 held at the CTICC, government officials from across Africa shared their insights and strategies regarding the continent’s energy transition, shedding light on the complexities and opportunities that lie ahead. The panel included representatives from Nigeria, Zambia, the Democratic Republic of Congo (DRC), and
July 19, 2024 in Energy -
SA hotel investors learn harsh lesson: Experience matters
Drive through some of Cape Town’s tourist hotspots and you’ll see dozens of hotels and so-called aparthotels (buildings comprising serviced apartments) that weren’t there just a few years ago. The same is true in other touristy areas around the country too. Many of these new hotels were built by developers using the Section 12J tax
July 10, 2024 in Venture Capital -
Despite SA plans, TotalEnergies still plays key role in Africa
As a major player in the oil and gas industry in 43 African countries, French company TotalEnergies seeks to develop local content in its operations in Africa. The company is rumoured to be pulling out of the South African offshore gas exploration project with the news causing a stock price rally back towards its all-time
July 4, 2024 in Investments -
Healthcare real estate is transforming Mauritius’s investment landscape
Mauritius, long known for its beautiful beaches, is becoming a hotspot for a different kind of investment: healthcare. Source: Supplied. Bronwyn Knight, chief executive officer Grit Mauritius. As the population ages and expats seek better care, the private sector is stepping in, attracted by the potential for returns and the chance to transform the island
June 18, 2024 in Venture Capital -
A call for a paradigm shift in rural infrastructure investment for prosperity
In the tapestry of South African economic development, rural areas often remain overlooked threads waiting to be woven into the fabric of progress. Source: The key to unlocking their potential lies in strategic infrastructure investments. In this article, we delve into the transformative power of infrastructure development in rural communities, exploring both challenges and opportunities.
May 20, 2024 in Venture Capital -
Undeterred ExxonMobil pushes forward with Mozambique LNG project
ExxonMobil is “optimistic and pushing forward” with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision at the end of next year, a company official said at an energy conference. A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo. Source: Reuters/Dado Ruvic ExxonMobil
May 3, 2024 in Investments -
$1.3bn Exxon Nigeria asset sale could be approved
Exxon Mobil’s asset sale to Seplat Energy could be approved in less than two weeks, Nigeria’s oil regulator told Reuters on Thursday, ending a two-year delay since the deal was first agreed. Plants are displayed at the booth of American multinational oil and gas corporation ExxonMobil during the LNG 2023 energy trade show in Vancouver.
May 3, 2024 in Investments -
Red Rocket secures funding for Virginia Solar project
Integrated Independent Power Producer (IPP) Red Rocket has announced the successful financial close of the 275MWp Virginia Solar Park in the Free State. This marks the largest solar farm under the Renewable Energy Independent Power Producers’ Procurement Programme (REIPPPP) and a major milestone for sustainable energy in South Africa. Tororo Solar North Limited, is a
May 2, 2024 in Energy -
Inaugural Global African Hydrogen Summit seeks to unite H2 leadership
Africa is emerging as a major player in the global green hydrogen revolution – a clean energy source produced from renewable resources like solar and wind power. This presents a unique opportunity for the continent to achieve sustainable economic growth, create jobs, and eliminate energy poverty, according to Tiago Marques, head of content for the
April 30, 2024 in Energy -
What fund managers want… and other investment trends
The investment landscape within the African private equity and venture capital markets has changed both slowly and suddenly since 2020. Low interest rates initially led to a boom in private capital deals in 2021 and 2022, totalling $7.4bn and $7.6bn in value, respectively. By 2023, however, private capital deals declined by 28% in volume and
April 23, 2024 in Venture Capital -
The catalyst for a 21st century African entrepreneurship revolution!
In a bold move to accelerate Africa’s entrepreneurial trajectory and empower a new generation of agile startups with 21st-century digital capabilities, ALX an award-winning tech training and career acceleration provider, announces the rollout of ALX Ventures in South Africa. Source: Supplied. Already launched in two other African markets, Lagos and Rwanda, the first cohort in
April 12, 2024 in Venture Capital -
Grocery giants including Tesco, Woolworths team up to launch $125m VC fund
Global supermarket chains including Tesco, Australia’s Woolworths Group and Africa’s biggest grocery retailer Shoprite have teamed up to launch a $125m venture capital fund to accelerate retail innovation. Source: Reuters. The new fund, W23 Global, will invest over five years in start-ups and scale-ups deploying technology to benefit consumers “by driving faster, more personalised and
April 9, 2024 in Venture Capital -
Cue secures $2m in seed funding
Cue, a provider of customer service chat software, has announced that it has successfully closed its seed funding round of $2m (R38m) from angel investors. From left to right: Ryan Egnos, Richard Nischk, Rhett Trickett | image supplied The funding will be used to deliver deeper integration of artificial intelligence (AI) into Cue’s customer service
March 1, 2024 in Venture Capital -
Is it the best funding option for your small business?
Some of the biggest companies in the world started off as side hustles – Steve Jobs worked at gaming company Atari while he built the Apple 1 and Mark Zuckerberg started Facebook while a full-time student at Harvard University. Jonathan Smi | image supplied Some people choose to be entrepreneurs, perhaps setting their sights on
February 29, 2024 in Venture Capital -
#MI24: ‘Mining Indaba 2024 embraced its theme’
Three decades in, Mining Indaba boldly proclaimed its theme: Embracing the Power of Positive Disruption: A Bold New Future for African Mining. This audacious vision of the future is a precursor to a set of potent industry trends. The 2024 edition of the conference was an invaluable platform for the sector to confront these trends
February 9, 2024 in Energy -
Sibanye-Stillwater CEO says now is the time to invest in PGM
“I think we’ve become overly negative about the decrease in the basket price. Once you understand that the decrease is being caused predominantly by destocking, and the stocking took place when Russia invaded Ukraine and the market thought that there would be supply shortages,” Sibanye-Stillwater CEO Neal Froneman tells Bizcommunity at a Webber Wentzel event
February 7, 2024 in Energy -
Green hydrogen is not coming to save the PGM industry
The panel at the Bowmans 2024 Mining Indaba Event included (from left) Dr Rebecca Maserumule, director for hydrogen and energy at DSI, Bart by Bart Nieuwoudt, lead legal specialist at Sasol, Stuart Heather-Clark, Africa Power Sector Energy Transition Lead at SLR Consulting, Claire Tucker head of our public law and regulatory practice, Bowmans. President Ramaphosa
February 6, 2024 in Energy -
Italy joins race for African energy in new deal
Italian Prime Minister Giorgia Meloni hailed a new partnership with Africa on Monday, unveiling a long-awaited plan aimed at boosting economic ties, creating an energy hub for Europe and curbing immigration. Italy’s Prime Minister Giorgia Meloni meets with President of Mozambique Filipe Nyusi inside the Madama Palace (Senate) as Italy hosts the Italy-Africa summit in
January 30, 2024 in Investments -
Drivers of venture capital growth in Q3 2023
Despite a global funding winter, there was a 28% increase in venture capital raised in sub-Saharan Africa (SSA) in the third quarter of 2023, compared to Q3 2022. Increased investment has largely been driven by technological innovation, changing consumer demands and an increased focus on environmental, social and governance (ESG) initiatives. This is according to
January 17, 2024 in Venture Capital -
Shell joins international sell-off of Nigeria onshore oil and gas holdings
Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4bn. The Shell logo is seen at a petrol station in south London. Source: Reuters/Toby Melville The British energy giant pioneered
January 17, 2024 in Investments -
Iseli energy unveils revolutionary AI-powered solar solutions
In a recent interview featured in PV Magazine on July 17, 2023, Tony Xu, founder and CEO of Sigenergy, iseli energy’s strategic partner, highlighted the crucial role of artificial intelligence (AI) in shaping the future of renewable energy. Xu identified key challenges facing the solar market, emphasising the need for innovations that address battery safety,
December 19, 2023 in Energy -
Iseli energy unveils revolutionary AI-powered solar solutions
<p><img src=”https://biz-file.com/c/2312/723180.jpg” width=”208″ height=”117″ alt=”Iseli energy unveils revolutionary AI-powered solar solutions” align=”left”><p><a href="https://iseli-energy.com/" target="_blank">Iseli energy</a>, a leader in renewable energy solutions, is set to reshape the solar market landscape with trailblazing AI-powered products, a first of its kind in Africa. This strategic initiative marks a significant milestone for iseli energy as it positions itself as
December 19, 2023 in Energy -
Ghana government gives Africa’s largest rooftop solar green light
Africa’s largest rooftop solar installation, powered by Sungrow, has been officially endorsed by Ghana’s Minister of Energy, Dr Matthew Prempeh-Opoku. The minister recently visited the project site, located in the Tema Freezone, Ghana. The project is owned by Helios Solar Company (a subsidiary of LMI Holdings) and boasts a capacity of 16.82MW. Sungrow’s state-of-the-art SG350HX
December 14, 2023 in Energy -
Tresor launches R100m Jacquel Ventures investment firm
From refugee to car guard, to multi-millionaire; African pop maverick Tresor’s next chapter is built on grit, humility, and wild dreams. Officially announcing the launch of his R100m Jacquel Ventures investment firm, Tresor takes a stand and puts his money where his mouth is as he seeks to build and invest in luxury goods, real
November 22, 2023 in Venture Capital -
Saudi Aramco boss says global gas crisis is boosting oil demand
Crude consumption has risen by around 500,000 barrels a day, according to CEO Amin Nasser Source link
October 4, 2021 in Business News -
Qatar places $760m order for liquid-gas ships with China
Qatar Petroleum said the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp Source link
October 4, 2021 in Business News -
Oman suspends flights, UAE on high alert as cyclone approaches
Omani government declared a public holiday on Sunday and Monday ‘due to the adverse climate conditions’ Source link
October 3, 2021 in Business News -
Abu Dhabi's Agthia completes acquisition stake in Egypt's Ismailia Investments
Ismailia Investments, which focuses on frozen processed chicken and beef products, has a processing capacity of around 70,000 tons per year through its facilities and production lines Source link
September 15, 2021 in Business News -
UAE firms secure approval to continue camel milk exports to Europe
About 4,500 tons of camel milk and associated products are produced annually and are among the UAE’s signature foods Source link
September 14, 2021 in Business News -
6 steps to creating patient trust in telehealth
With Covid-19, came a flood of new telehealth (virtual consulting) healthcare solutions, exposing more patients to its benefits and features. More advertising, more awareness and more conversations have introduced telehealth to a broader public, and this can only be good for everyone. The question remains though, how do we create that trust in telehealth for
September 14, 2021 in Property & Real Estate -
Shuaa ex-deputy CEO eyes $1.3bn target with new asset management firm
From helping transform one small boutique firm to a $14bn AUM giant, Mustafa Kheriba has now established Arithma Capital to become ‘a leading asset manager with an alternative approach’ Source link
September 14, 2021 in Business News -
Nicole Bessick teaches Lerato Kganyago a style K.O. on the next episode of Skip Style Council
The Skip Style Council heads to the boxing ring for the next session of this exciting visual podcast series packed with tips, hacks, and tricks to elevate your wardrobe. Titled True Champion, this week’s episode profiles actress and boxing queen Nicole Bessick who tells viewers about how she can juggle being a knockout in the
September 14, 2021 in Energy -
UAE eyes $1trn in business with Israel over next decade
Economy Minister Abdulla Bin Touq says UAE has signed over 60 memorandums of understanding with Israel since normalising relations in 2020 Source link
September 13, 2021 in Business News -
Nicole Bessick teaches Lerato Kganyago a style K.O. on the next episode of Skip Style Council
The Skip Style Council heads to the boxing ring for the next session of this exciting visual podcast series packed with tips, hacks, and tricks to elevate your wardrobe. Titled True Champion, this week’s episode profiles actress and boxing queen Nicole Bessick who tells viewers about how she can juggle being a knockout in the
September 13, 2021 in Investments -
Fluence Capital offers businesses guidance and support in lockdown
Fluence Capital, a financial and strategic advisory company, is now offering pro-bono support and guidance for South Africans facing the potential loss of their business due to the Covid-19 lockdown. Analysts expect the lockdown to result in massive job losses and business closures, with the International Labor Organization (ILO) increasing its job loss forecasts to
September 13, 2021 in Investments -
GITEX 2021: Sitecore to showcase innovations that deliver memorable customer experiences
Sitecore will hold first standalone participation at GITEX where it will share Middle East innovations with a global audience Source link
September 13, 2021 in Business News -
Dubai-based start-up Valeo brings health to home
Users can receive in-home tests, and certified wellbeing coaches, trained and qualified in behavioural health and nutrition, help better understand the wellbeing data Source link
September 12, 2021 in Business News -
UAE-based Gulf Craft expands footprint in Europe
Ahead of Cannes Yachting Festival, the boat and yacht maker has entered markets in Germany, Spain, the Netherlands and Portugal, among others Source link
September 11, 2021 in Business News -
Expo 2020 Dubai visitors won't need Covid-19 vaccine, negative PCR
Across the Expo site, dozens of checkpoints will ensure people provide a pass to enter, while visitors will have to wear masks and abide by stringent social distancing regulations. Sanitising stations will be scattered in every corner Source link
September 11, 2021 in Business News -
UAE residents outside country told they can come back, even if abroad for over six months
Arriving passengers must apply via the website of the Federal Authority for Identity and Citizenship (ICA), and complete the vaccination application in order to get the necessary approvals, in addition to presenting the approved vaccination certification upon departure for the UAE Source link
September 10, 2021 in Business News -
SA Tourism reconnects Chinese buyers with South African trade
In a bid to kick start travel to South Africa from China, South African Tourism has announced the 2021 China Virtual Road Show & Virtual Fam to reconnect Chinese buyers with South African trade, from 13 to 17 September 2021. China is one of South Africa’s key source markets. This virtual tour aims to boost
September 10, 2021 in Manufacturing -
#BreatheEasierSA with RespiClear Decongestant range. Now in Dis-Chem stores nationwide
South Africans are now able to breathe easier with the new RespiClear® Decongestant range from OBEL®. The range boasts steroid-free nebs, petroleum-free vapour rub and preservative-free drops for inhalation. All products are formulated with key essential oils, including eucalyptus and menthol, both with excellent anti-viral properties. The RespiClear® Decongestant Nebs are the first steroid-free nebules
September 10, 2021 in Manufacturing -
Aramco considers opening $110bn gas project to investors
State-controlled producer is working with an adviser as it explores raising new equity or debt for its vast Jafurah site Source link
September 9, 2021 in Business News -
This Heritage Month, explore South Africa’s rich stories on Showmax, from Flatland to United Apart SA
Berlin Panorama opening film Flatland; SAFTA Best Soap nominee Arendsvlei; and Covid-19 lockdown doc United Apart SA FLATLAND | Stream now Flatland opened the 2019 Berlin Panorama, selling out all its screenings, and has a 91% critics rating on Rotten Tomatoes, with Variety calling the South African film “an exhilarating fusion of contemporary western and
September 9, 2021 in Manufacturing -
Why it's an employee's market
Companies that prioritise their employees and do everything in their power to make them happy and motivated will be the winners in this new upcoming era Source link
September 9, 2021 in Business News -
Further easing of travel restrictions by Saudi 'only a matter of time' says business expert
Latest move welcomed amid expected boon for tourism and business in UAE Source link
September 8, 2021 in Business News -
Satellite data provides fresh insights into the amount of water in the Nile basin
As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties
September 8, 2021 in Manufacturing -
Satellite data provides fresh insights into the amount of water in the Nile basin
As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties
September 8, 2021 in Energy -
Bahrain's cashless payments surge by 65% in August hitting almost $744m
More than 53 million digital payments were conducted during the first half of the year, according to data from the Central Bank of Bahrain Source link
September 8, 2021 in Business News -
Africa Rising International Film Festival puts spotlight on GBV, BLM and unjust systems
The third instalment of the Africa Rising International Film Festival (ARIFF) is scheduled to take place virtually from 27-29 November 2020. True to the time, the 2020 edition will be both a virtual experience with one or two live experiences. Using film to create awareness and contribute to urgent conversations needed, and hopefully drive change,
September 7, 2021 in Manufacturing -
Will small companies forced to investigate financial crimes be able to cope?
“With constantly evolving regulatory and reporting requirements, SMEs are in a fix” Source link
September 7, 2021 in Business News -
The UAE start-up making insurance more 'tolerable'
Hala is the emerging insurtech start-up that pivoted from serving insurers to serving their customers Source link
September 6, 2021 in Business News -
Balwin secures approval for BEE transaction
JSE-listed Balwin Properties announced on Monday, 6 September, that it has secured shareholder approval for its Black Economic Empowerment (BEE) transaction led by Aobakwe Reginald Koketso Kukama. Aobakwe Reginald Kukama and Steve Brookes, Balwin Properties “I’ve been working on a suitable empowerment transaction since listing and Balwin is delighted with the shareholder support received to
September 6, 2021 in Property & Real Estate -
Africa Rising International Film Festival puts spotlight on GBV, BLM and unjust systems
The third instalment of the Africa Rising International Film Festival (ARIFF) is scheduled to take place virtually from 27-29 November 2020. True to the time, the 2020 edition will be both a virtual experience with one or two live experiences. Using film to create awareness and contribute to urgent conversations needed, and hopefully drive change,
September 6, 2021 in Property & Real Estate -
Satellite data provides fresh insights into the amount of water in the Nile basin
As countries vie for these resources, there has been immense tension. Most notably, Egypt and Sudan have challenged Ethiopia’s decision to construct and fill the Grand Ethiopian Renaissance Dam. This is a huge project on one of the Nile’s main tributaries, the Blue Nile, which supplies more than 80% of the water reaching Egypt. Treaties
September 6, 2021 in Property & Real Estate -
AB Real Estate Forum: Property is back
Arabian Business will be tapping into great knowledge and expertise of panelists at the next edition of its live events series – the AB Real Estate Forum – to be held at the JW Marriott Marquis on September 20, where we will be striving to reveal the current state-of-play within the industry Source link
September 6, 2021 in Business News -
Why Dubai is the city of 'miracles and positive surprises'
UAE’s handling of coronavirus built up trust among incoming tourists; upcoming season will be ‘amazing’ for the emirate’s hotel and hospitality sector, said Raffles the Palm MD Source link
September 5, 2021 in Business News -
Union Properties unit wins contract to manage 14 Expo 2020 Dubai pavilions
ServeU to meet the demands of facilities covering a total area spanning 30,000 sq m of the Expo 2020 site with a team of 300 Source link
September 4, 2021 in Business News -
How humanity has reached a 'code red' climate emergency
The good news is that there is still a sliver of hope to help communities respond to this threat through well-informed, solid and sustained actions Source link
September 4, 2021 in Business News -
US operator Choice Hotels commits to open 10 Saudi hotels by 2026
First three hotels to open in Jeddah and Riyadh by the end of this years in deal with Saudi-based travel major Seera Source link
September 3, 2021 in Business News -
Where to next? The case for crypto-asset regulation just got bigger
The alleged loss of some $3.6bn bitcoin through Africrypt investment company brings home just how risky this asset class truly is. Such incredible loss, though unfortunately not yet falling under the FSCA’s direct responsibility is likely to impact the velocity of crypto-asset regulatory development. Richard Rattue, managing director of Compli-Serve SA The recent announcement by
September 3, 2021 in Investments -
Saudi energy giant confirms plan to list on Tadawul
ACWA Power announces plan for initial public offering of 81,199,299 shares, representing 11.1% of its share capital Source link
September 3, 2021 in Business News -
FIVE grows its Dubai hotels and resorts portfolio with FIVE Beach
The former under-construction Corinthia in Dubai has been acquired by FIVE, to be reflagged as FIVE Beach and set to open in 2023 Source link
September 2, 2021 in Business News -
Absa PMI rebounds in August after steep fall on July riots
South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) recovered in August, after a steep drop in July when arson and looting gripped parts of the country, a survey showed on Wednesday. Source: Getty The index, a gauge of manufacturing activity in Africa’s most industrialised nation, rose to 57.9 points in August from 43.5 in July,
September 2, 2021 in Manufacturing -
Abu Dhabi's TAQA mulls sale of oil and gas assets
Abu Dhabi National Energy Company says that it has initiated a strategic re of its oil and gas operations Source link
September 1, 2021 in Business News -
Saudi power major ACWA said to eye more than $1bn from IPO
Sources say Riyadh listing may value ACWA Power International at $10bn or more Source link
September 1, 2021 in Business News -
HSBC launches Saudi Arabia's first climate change-focused investment fund
HSBC Global Equity Climate Change Fund offers investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation Source link
August 31, 2021 in Business News -
UAE announces price for all PCR Covid tests to be reduced to AED50
Ministry of Health and Prevention says change applies from Tuesday, will monitor adherence to new price Source link
August 30, 2021 in Business News -
Edge Growth to administer J.P. Morgan’s groundbreaking Abadali EEIP Fund
There is no doubt that the extreme disruptions and repercussions caused by the Covid-19 pandemic in South Africa will continue for some time. The long-term effect on the already challenged small and medium businesses will also be profound. Fortunately, initiatives such as the newly launched Abadali Equity Equivalent Investment Programme (EEIP) aims to have a
August 30, 2021 in Investments -
Oversubscribed Vukile bond issue attracts more than R2.1bn in bids
Vukile Property Fund recently issued R500m of senior unsecured corporate bonds with one- and three-year maturities. The issue was significantly oversubscribed, with the auction attracting bids of more than R2.1bn. Laurence Rapp, CEO of Vukile Three-year notes of R342m were placed at a margin of 185bps, better than guidance and favourably priced relative to recent
August 30, 2021 in Property & Real Estate -
Jess Cleland appointed Broll COO: Africa
The Broll Property Group has appointed Jess Cleland as COO: Africa. This includes responsibility for all operations outside of South Africa, in addition to heading up the group’s valuations and property intel divisions across all countries. Jess Cleland, Broll COO: Africa Since joining Broll in 2013, Cleland’s positions have included group managing director: East Africa
August 30, 2021 in Property & Real Estate -
The importance of a Zoom-ready face
Nazila Zoulfaghari, vice president of TEOXANE MENA, explains why the pandemic has benefited the cosmetic and aesthetic industries Source link
August 30, 2021 in Business News -
Dubai poised to benefit from cryptocurrency growth, Bittrex says
Dubai, the region’s financial hub, has already taken several steps to bolster the use of blockchain within the city in recent months Source link
August 29, 2021 in Business News -
Abu Dhabi bourse says to cut fees again, extend trading hours
Latest initiatives are part of the ADX One strategy announced earlier this year to bolster market activity and to deepen liquidity Source link
August 29, 2021 in Business News -
Saudi F1 race to offer 'something the world has never seen before', says circuit designer
Carsten Tilke delivers update on the construction of the fastest street track in Formula 1 history Source link
August 28, 2021 in Business News -
Man vs Machine: How AI robots are taking over online trading
Talal Al Ajmi, founder and CEO of VI Markets, shares his insights on how artificial intelligence (AI) and machine learning technologies are becoming a disruptive and prominent force in the online trading world Source link
August 27, 2021 in Business News -
How to identify and manage risk in your business
Business risks refer to all the factors that may lead to lower profits or even cause a company to close and fail. Lungile Phakathi, a CA(SA) and the managing director for the Modern Firm, gives practical advice on how you can identify and manage risks in your business. What does risk management mean in the
August 27, 2021 in Investments -
In conversation with South Africa’s central bank governor Lesetja Kganyago
South African Reserve Bank governor Lesetja Kganyago. Andrew Caballero-Reynolds/AFP via Getty Images Mills Soko: When you were appointed as governor one of the first things you did was to go to your village and you went on a shopping spree. What was the significance of this gesture? Lesetja Kganyago: I felt it was an opportunity
August 27, 2021 in Investments -
UBS hires team of Middle East private bankers from Credit Suisse
World’s largest wealth manager set to expand in the Gulf region, according to reports Source link
August 27, 2021 in Business News -
Historic SA wine estate owned by Anne Cointreau goes under hammer
A 329-year old South African wine estate owned by Anne Cointreau, a scion of the family famous for French cognac and orange liqueur, was sold on Wednesday to an international buyer in Europe for just over R52m ($3.5m). Source: Supplied The Morgenhof estate in Stellenbosch, owned for nearly three decades by Cointreau, was sold as
August 26, 2021 in Property & Real Estate -
How Saudi reforms could end the kingdom's 'fly-in-fly-out' culture
Experts say new measures don’t create competition between Saudi and the rest of the region Source link
August 26, 2021 in Business News -
Arçelik brings Beko appliances to SA as it advances African expansion
Turkish multinational consumer durables and electronics manufacturer Arçelik is expanding its portfolio in southern Africa by adding the Beko brand to its local portfolio. Beko is a freestanding home appliances brand in Europe in the white goods sector and the number one large home appliances brand in the UK. Beko store in Durban. Source: Supplied
August 26, 2021 in Manufacturing -
Why cybersecurity is essential for future-proofing businesses in the Gulf
Region’s companies need to invest in protecting themselves against the growing threat of ransomware Source link
August 25, 2021 in Business News -
New Electrolux SA MD shares growth opportunities
International home appliances maker Electrolux expects strong demand to continue as a result of the stay-at-home trend prompted by the Covid-19 pandemic. Source: Electrolux Helping to capitalise on growth opportunities in the South African market is Murray Crow, the new Electrolux managing director for SA, who has previously held posts as MD of Whirlpool South
August 25, 2021 in Manufacturing -
UAE assessing net-zero emissions target ahead of COP26
In December, the UAE pledged to cut greenhouse gas emissions by almost 25% over 10 years, from a baseline that assumes moderate economic growth Source link
August 25, 2021 in Business News -
New attraction Ain Dubai set to open on October 21
World’s tallest observation wheel will eclipse the 190-metre New York Wheel planned for Staten Island Source link
August 24, 2021 in Business News -
Further expansion for Only Realty Group with Halbe Properties acquisition
Only Realty Property Group is continuing its expansion of its national franchise footprint with the recent acquisition of Halbe Properties, an established real estate company with two offices. “We continuously work to achieve great success year-on-year and our recent acquisitions will further solidify our positioning and brand promise – particularly in Gauteng,” says Only Realty
August 24, 2021 in Property & Real Estate -
The SA design duo breaking into the US decor market
Pretoria-based sisters Morongwe (Mo) Mokone and Michelle Mokone lead the all-woman team behind Mo’s Crib, a South African home decor business creating stylish products from recycled materials, and creating employment for women by equipping them with artisanal skills. Michelle and Morongwe Mokone, owners of Mo’s Crib. Source: Supplied Mo’s Crib specialises in proudly South African
August 24, 2021 in Manufacturing -
UAE's ADNOC signs deals worth up to $1bn with top contractors
Abu Dhabi National Oil Company inks agreements for concept and front-end engineering design services for major projects Source link
August 24, 2021 in Business News -
Sapin to host free webinar on estate planning for property investors
This September, SA Property Investors Network (Sapin), in partnership with personalised online wills platform SmartWill, is hosting a free webinar covering the hidden costs of death for property investors. The webinar aims to educate and add value to anyone involved in the property industry, by shining a light on common, but not always known pitfalls,
August 23, 2021 in Property & Real Estate -
How Switzerland's private sector stands to benefit from Expo 2020
UAE-based branches of Swiss companies are driving interest in the exhibition, ‘proof of the belief that Expo will enhance trade between the two countries’, said Swiss Pavilion head Source link
August 23, 2021 in Business News -
If you want something, go get it
Stories inspire many of us. In fact, most of us probably have at least one story – be it fact or fiction – that has set off a spark of inspiration instrumental in motivating us. My life story was inspired by the Will Smith movie, The Pursuit of Happyness. The movie is based on the
August 23, 2021 in Investments -
Greener pastures for green finance in the MENA region
Out of the 12 MENA green and sustainability-linked debts issuances, four deals from Saudi Arabia account for almost 63% of the region’s total volume, with the UAE holding the remaining 37% Source link
August 22, 2021 in Business News -
UAE's half-year tourism revenues rise to $3bn as Covid recovery continues
Emirates Tourism Council data also reveals that average hotel occupancy rates increased to 62% in first half of 2021 compared to 53.6% in H1 2020 Source link
August 22, 2021 in Business News -
How Bahrain is helping Saudi Arabia get ready for F1 debut
Saudi Automobile & Motorcycle Federation has called on the expertise of a team of specialist Bahraini marshals ahead of December race Source link
August 21, 2021 in Business News -
Saudi Arabia among first countries to accept IATA Travel Pass
Used to confirm pre-departure Covid-19 test results for departing and arriving passengers, the pass will be available in the kingdom from September 30 Source link
August 20, 2021 in Business News -
Why real estate investors can make a real difference to climate change
Climate change and its potential costs to humankind made headlines again last week. What was new was the clarity of the message putting changes to the planet’s climate down to the human race. Source: Gallo/Getty The findings of the Intergovernmental Panel on Climate Change (IPCC) place climate change firmly on our doorstep, and has demanded
August 20, 2021 in Property & Real Estate -
Why the centuries-old tradition of wooden dhow trade is making a revival in Dubai
Dubai sees exports through wooden dhows touch 365,632 tonnes and imports reach 260,001 tonnes in the first half of 2021 Source link
August 20, 2021 in Business News -
Record-low interest rates drive five-year-high house price growth
According to the latest data from Lightstone, national house price inflation is at its highest in five years, proving a success story notwithstanding the ongoing Covid-19 pandemic and recent unrest in parts of KwaZulu-Natal and Gauteng. Carl Coetzee, CEO of BetterBond “The housing market remains the surprise success story of recent months and, contrary to
August 20, 2021 in Property & Real Estate -
Saudi retail major returns to profitability following five quarters of losses
Fawaz Abdulaziz Alhokair Co reports net profit of $12.2m for the quarter ended June 30 Source link
August 19, 2021 in Business News -
Suites at Expo 2020 Dubai's only on-site hotel almost sold out
Hotel is among the structures that will remain after global showpiece event ends in March next year Source link
August 19, 2021 in Business News -
Bahrain approves booster doses of Covid vaccination jabs
Kingdom’s National Medical Taskforce for Combating the Coronavirus has announced booster shots of the Pfizer-BioNTech and AstraZeneca will be available for fully vaccinated immunocompromised individuals and people over the age of 60. Source link
August 18, 2021 in Business News -
The Explainer: Quantum computing and how it's set to revolutionise the business world
Abu Dhabi’s plans to develop its own quantum computer could lead to ‘technological sovereignty’, says research professor Source link
August 17, 2021 in Business News -
Credit ratings are punishing poorer countries for investing more in healthcare during the pandemic
A credit rating, like a credit score, is an assessment of the ability of a borrower – whether it’s a company or a government – to repay its debts. Lower credit ratings drive up the cost of borrowing. This threat prompted some poorer countries to avoid tapping investors for vital financing during the pandemic, while
August 17, 2021 in Investments -
Abu Dhabi reveals monthly tariff for electric vehicle charging
New framework aims to enhance the integration of electric transport networks and encourage the participation of the private sector and consumers Source link
August 17, 2021 in Business News -
UAE fintech start-up SimpliFi in talks for partnership deals across MENAP
Start-up aiming to go commercially live in the whole region by 2022 is also looking at its next round of fundraising to generate more capital to finance ambitious growth plans Source link
August 16, 2021 in Business News -
More women independently purchasing property than ever before
More South African women are purchasing property on their own, without help from a partner, than ever before. Andrea Tucker, director of MortgageMe, says the shift shows more women are confident enough to exchange renting for the potential returns, peace of mind, and financial freedom that sole home ownership can provide. Andrea Tucker, director of
August 16, 2021 in Property & Real Estate -
Nixon’s decision to delink the dollar from gold still hounds the IMF, South Africa and Africa
Nixon’s action – announced on 15 August 1971 – had profound and long-lasting effects on the International Monetary Fund , South Africa and Africa. Nixon’s decision breached the US’s treaty obligations. But he had little choice. By 1970, the rest of the industrialised world had accumulated such large dollar holdings that the US did not
August 16, 2021 in Investments -
Dubai's Union Properties announces $7.3m profit for Q2 amid emirate's property boom
Real estate developer’s profits increased by 483% in the second quarter of the year, compared to Q1, as Dubai’s economy continues to chart a recovery from coronavirus Source link
August 15, 2021 in Business News -
Hyperforce is coming to the uae – here's why that matters
Salesforce is bringing its Hyperforce architecture to the UAE in partnership with AWS. What does that mean for your business? Source link
August 15, 2021 in Business News -
Bahrain's Gulf Air adds more routes to IATA Travel Pass trial
Available initially on routes from Bahrain to Athens, London and Singapore, the airline has now added flights to Dubai, Frankfurt and Paris flights to the trial Source link
August 14, 2021 in Business News -
UFC set to return to Abu Dhabi's Yas Island in October
Second edition of Abu Dhabi Showdown Week comes as part of the five-year partnership forged by UFC and DCT Abu Dhabi Source link
August 14, 2021 in Business News -
World's tallest observation wheel set to open in Q4 after key appointment
Dubai Holding has confirmed the appointment of Ronald Drake as general manager of Ain Dubai Source link
August 13, 2021 in Business News -
SeaWorld Abu Dhabi to include world's largest aquarium
Construction of the latest Yas Island tourist attraction is on track for completion in 2022 Source link
August 12, 2021 in Business News -
Building a consumer-centric supply chain in consumer goods
Globally, consumer packaged goods (CPG) companies are under intense pressure to profitably grow. Yet, incumbent companies are losing out to nimble, digital-native competitors. For large CPGs, it’s no longer enough for supply chains to be engines of efficiency. Source: Getty Supply chains must become laser-focused on delivering the outcomes that enable the company to meet
August 12, 2021 in Manufacturing -
Bitcoin is not gold
Bitcoin and a slew of other cryptocurrencies are gaining traction as alternatives to fiat currencies as mediums of exchange. But could they also challenge gold as the ultimate store of value? William Fraser, portfolio manager, Foord Asset Management To my mind, there are so few similarities between gold and Bitcoin that to compare them seems
August 12, 2021 in Investments -
Unrest, uncertainty spills over to property valuations
According to Gary Palmer, CEO of Paragon Lending Solutions, the recent unrest set a new financial low in South Africa’s already difficult economy and, much like the initial start of the Covid-19 pandemic, dealing with the fallout will take time. Recovering from the approximately R50bn – and counting – in losses won’t be easy, even
August 12, 2021 in Property & Real Estate -
Dunlop celebrates women driving the world forward
In honour of Women’s Month in August, we’re highlighting the significant contributions of women as the driving force behind creating safer experiences on the road. Those who believe they can change things for the better and do just that. To celebrate these phenomenal women, Dunlop has created a ‘Women driving the world forward’ website showcasing
August 12, 2021 in Manufacturing -
Blue Amber ready to take advantage of Zanzibar’s new tax, residency scheme
Pennyroyal’s Blue Amber development in Zanzibar is one of the first real estate projects to be awarded Strategic Investment Status (SIS) by Zanzibar’s government. Blue Amber is a 411-hectare luxury mixed-use waterfront, resort development spread along the Muyuni coastline in the north-eastern part of Zanzibar. It incorporates residential, hotel, tourism, and community and public amenities.
August 12, 2021 in Property & Real Estate -
High freight charges affecting businesses and consumers
The high shipping expenses are being factored into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers Source link
August 12, 2021 in Business News -
Etihad Cargo reclaims 90% of pre-Covid destinations
The Abu Dhabi-based cargo operation also recorded a 20 percent increase in tonnage compared to the same period in 2019 Source link
August 11, 2021 in Business News -
Fortress looks to increase solar output with launch of R900m sustainability-linked bonds
The JSE has granted Fortress Reit the listing of a three-year sustainability-linked bond of R495m and a five-year sustainability-linked note of R405m. Although the bonds do not have specific use-of-proceed requirements, the funds will assist Fortress with the continued installation and increase of solar energy in South Africa across its retail and logistics portfolios. Image
August 11, 2021 in Property & Real Estate -
Riots cost SA Corporate Real Estate more than R500m
SA Corporate Real Estate, a real estate investment trust (Reit) put an estimate of R558.243m on Tuesday on the total cost of damage to its properties and loss of income after the recent looting and vandalism. The unrest last month led to damage to hundreds of businesses and about 3,000 stores were looted and vandalised.
August 11, 2021 in Property & Real Estate -
Saudi Arabia issues record number of foreign investor licences
Ministry of Investment of Saudi Arabia says it issued 478 licences in the first quarter of the year as economy continues to recover from the impact of coronavirus Source link
August 10, 2021 in Business News -
Prudential’s Leshni Dial-Harikaran on the beauty of a perfectly balanced spreadsheet
As a typical Capricorn, Leshni Dial-Harikaran says she likes order and structure and really enjoys beauty, whether it be in nature, design, cars or a perfectly balanced excel spreadsheet. Leshni Dial-Harikaran, credit analyst, fixed income team, Prudential Investment Managers Therefore the credit analyst in the fixed income team at Prudential Investment Managers, says, numbers and
August 10, 2021 in Investments -
QCH signs agreement to manufacture, sell HempTrain in SA
South African hemp products development company Quattro-Canna Holdings (QCH) has signed a license agreement with Canadian Greenfield Technologies Corp. for the sole rights to manufacture and distribute the HempTrain decorticator plant in South Africa for local and regional sales and support. Source: Canadian Greenfield Technologies Corp. The HempTrain decorticator plant is a complete, whole plant
August 10, 2021 in Manufacturing -
Knight Frank Kenya notes increase in market activity in H12021
According to Knight Frank’s First Half 2021 Kenya Market Update report, prime residential rents declined at a slower rate of 6.02% over the past 12 months to June, compared to a 7.62% decline in a comparable period in 2020, attributing the change to the reopening of the economy, rollout of vaccinations and landlords adjusting rental
August 10, 2021 in Property & Real Estate -
Radisson Hotels signs its 16th hotel in South Africa
The Radisson Hotel Group has announced the signing of Radisson Hotel Middelburg. Set to open at the end of 2023, the hotel boosts the group’s South African portfolio to 16 hotels in operation and under development. It also places the group firmly on track to reach its ambition of 150 hotels in operation and under
August 10, 2021 in Property & Real Estate -
Women increasingly looking to property to build wealth
According to Chrissie Johnson, customer relationship manager for Seeff North Coast, having long been the primary influencers in property purchasing decisions, women are now not just confident purchasers of their own residential homes but are increasingly building property portfolios. Image supplied Statistics from Seeff’s mortgage originator further shows that there are more single women compared
August 10, 2021 in Property & Real Estate -
Abu Dhabi allows full foreign ownership for 604 classes of professional licenses
Foreign owners now may be fully licensed in fields such as accounting, training, consultancy, beauty centres, computer and internet network companies, and others Source link
August 10, 2021 in Business News -
Short-form video content to disrupt MENA digital media, research shows
Users of short-form video content are also higher online spenders than non-users across product categories; the variation in spend is estimated to be between 40 percent and 130 percent, the report by internet services consultancy RedSeer said Source link
August 9, 2021 in Business News -
Emirati entrepreneur Maryam Al Nuaimi is first woman in UAE's BPO industry
In an exclusive inter with Arabian Business, Nuaimi opened up about her journey to gain the trust of society and her clients in the business process outsourcing industry Source link
August 9, 2021 in Business News -
#WomensMonth: Self-mastery essential in driving your growth
Having started her career at Liberty Two Degrees (L2D) in 2012 as a property analyst, Sumenthree Moodley has since worked her way up to a more senior position at the company, currently serving as its head of analysis. This includes overseeing the monitoring of operational performance of the portfolio, analysing trading patterns and financial returns
August 6, 2021 in Property & Real Estate -
Mboweni steps down, Godongwana steps up as finance minister
Tito Mboweni’s long-standing request to be excused from his role as finance minister was finally granted in president Cyril Ramaphosa’s cabinet reshuffle last night. He is replaced by Enoch Godongwana. New minister of finance, Enoch Godongwana. Source: Mondi Mboweni took up this position following the sudden departure of former minister Nhlanhla Nene in October 2018.
August 6, 2021 in Investments -
Mpact invests over R500 million in growth projects after returning R257 million to shareholders
Mpact, the largest paper and plastics packaging business and recycler in southern Africa, reported the results for the six months ended 30 June 2021 today. Bruce Strong, Mpact Chief Executive Officer said: “Mpact continues to show tremendous resilience, firmly anchored in our purpose of making a difference, providing our customers with sustainable packaging and giving
August 5, 2021 in Manufacturing -
Retail major Landmark inks Dubai Metro stations naming rights deal
Jaffliya Station will be renamed Max Fashion while Al Rashdiya Station will be renamed Centrepoint under new agreement Source link
August 5, 2021 in Business News -
Mamedupi Matsipa’s passion for finance charted her career path
A passion for finance, investing, how businesses work and the drivers of various industries were behind Mamedupi Matsipa’s decision to switch from IT to a career path that has lead her to her current role as chief executive officer (CEO) of Ata Capital. Mamedupi Matsipa, CEO, Ata Capital “As a student, my career choices were
August 5, 2021 in Investments -
Why mental health is a luxury Lebanese can't afford
There’s little fuel, less electricity and medicine shortages have emerged; the foods in the supermarkets aren’t what they used to be. Add to that Covid-19 which has added further stress on a failed economy. The country, and those who reside in it, are in survival mode Source link
August 4, 2021 in Business News -
SA factory activity shrinks on unrest, Covid-19 restrictions
South African private sector activity fell at its fastest rate in 10 months in July as output tumbled in the wake of civil unrest in some parts of the country and tighter coronavirus lockdown restrictions, a survey showed on Wednesday. Source: Reuters/Mike Hutchings/File Photo IHS Markit’s Purchasing Managers’ Index (PMI) fell to 46.1 in July
August 4, 2021 in Manufacturing -
Potential hijack in the Gulf of Oman says UK maritime agency
A shipping incident in the Gulf of Oman, roughly halfway between Iran and the United Arab Emirates, has been upgraded to a “potential hijack” according to the U.K.’s UKMTO, which monitors shipping in the region. Source link
August 3, 2021 in Business News -
Women can, and should, occupy more space in FMCG
The ground is ripe for women in manufacturing to take charge and drive localisation by playing a meaningful role in the fast-moving consumer goods (FMCG) sector. Zahra and Nadia Rawjee, founders and directors, Uzenzele Holdings Capitalise on incentives According to niche capital raising consulting company, Uzenzele Holdings, women should take up more space in the
August 3, 2021 in Manufacturing -
Pension-backed lending: The good, the bad, and the ugly
Victor Bucarizza, GIB Financial Services Limited</span>Finance minister, Tito Mboweni, has expressed a desire to allow South Africans to make a withdrawal from their pension funds to provide relief for those whose finances are under pressure during these trying times. Mboweni said that this is proving to be a complex problem to solve if we are
August 3, 2021 in Investments -
Mozambique’s fossil fuel drive is entrenching poverty and conflict
A coal beacon hill mine in Tete. Joshua Kirshner, Author provided Nearly two weeks later, the army had managed to secure the town. Yet the French oil and gas firm Total had already called off the planned resumption of construction at its £14.4bn LNG project near Palma on the Afungi peninsula, and pulled all staff
August 3, 2021 in Energy -
Lonsa acquires majority stake in fibre cement manufacturer Everite
Lonsa Group Limited (Lonsa), a Mauritian principal investment entity investing in the energy, industrials, logistics and property sectors in Africa, has acquired majority and controlling shareholding in Everite for approximately R600m. Everite is an industrial manufacturer of a range of building products for the commercial, industrial and residential markets. The deal, which was effective 1
August 3, 2021 in Manufacturing -
Star Indian start-up founder Nikhil Kamath to woo cash-rich Gulf-based NRIs with new $200m India-focused fund
True Beacon II is to be launched next week and will have a minimum investment requirement of $1m Source link
August 3, 2021 in Business News -
Bahrain's Gulf Air ramps up Paris flights after green list ruling
National carrier to fly to French capital on daily basis after authorities add Bahrain to its green list of destinations Source link
August 2, 2021 in Business News -
Back to nature with Sonto Pooe’s NativeChild
Behind every braid or big afro there is a story to be told. For Sonto Pooe, it began at the tender age of 8 when she tried to braid her own hair after a cruel experience with a hairdresser who braided it too tightly, leaving her unable to sleep for days. Sonto Pooe, founder and
August 2, 2021 in Manufacturing -
DAFZA eyes post-Covid recovery following significant growth in sales revenues
Free zone recorded an 88.4% increase in the number of registered companies for first six months of 2021 Source link
August 2, 2021 in Business News -
Re: Inside Dubai Creek Harbour's hidden gem
European-style restaurant Mondoux offers delicious all-day dining in a picturesque setting Source link
August 1, 2021 in Business News -
Lagoon move leads to investor demand surge in Dubai project, says Azizi
Senior exec says the addition of a lagoon to its flagship Riviera project has become a major selling point to investors Source link
July 31, 2021 in Business News -
Tour de France winner commits to UAE Team Emirates until 2027
Tadej Pogacar has signed a contract to stay with UAE Team Emirates after winning second Tour de France Source link
July 31, 2021 in Business News -
Saudi Arabia set to reopen to foreign tourists from August 1
Minister of Tourism hails decision to reopen borders to international tourism after Covid-related suspension Source link
July 30, 2021 in Business News -
SimpliFine expands in Kenya with locally produced products
Kenyan integrated food producer, SimpliFine, is expanding across Kenya with new, locally-produced meat and vegetarian products. SimpliFine president Steven Carlyon with SimpliFine staff. | Source: Supplied SimpliFine’s new range of meat and vegetarian products, sourced directly from farmers, include frozen meats, prepared meal accompaniments and a range of ready-to-cook prepared meals. The food producer uses
July 30, 2021 in Manufacturing -
Investors are flocking to Mauritius. Here’s why
Best known for its exquisite white beaches and get-away-from-it-all lifestyle, Mauritius is about so much more these days. In fact, the island paradise is currently the highest ranked economy in sub-Saharan Africa, according to the World Bank’s Ease of Doing Index. And that’s in no small part because of key factors such as its sophisticated
July 30, 2021 in Property & Real Estate -
Sectional title industrial property: It makes good business sense for SMEs
You mean, stop renting? Yes. In the new post-pandemic world, factors like low interest rates, and the availability of smaller ‘micro-industrial’ spaces combine with industrial sector-specific variables – like high rental returns and longer average occupancy – to produce a very real investment opportunity for small and medium-sized enterprises: buy. What’s more, industrial property that
July 30, 2021 in Investments -
Dubai bourse sees H1 net profit halve despite rising tide of foreign investors
Dubai Financial Market chairman says foreign investors accounted for 69% of the new investors in H1 Source link
July 29, 2021 in Business News -
SA property, retail firms bet on townships despite unrest
Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships. Members of a private security company at a looted shopping mall in Vosloorus, Gauteng, 14 July 2021. Reuters/Siphiwe Sibeko Riots broke out this month after former President
July 29, 2021 in Property & Real Estate -
Consumers encouraged to save during Savings Month
With South Africans having one of the lowest household savings ratios in the world, at just 0.6%, National Savings Month in July provides a great opportunity for South Africans to consider their saving habits and how they can save more. Savings Month was launched in 2001 by non-profit organisation, the South African Savings Institute (SASI).
July 29, 2021 in Investments -
JLL SA Q2 report reflects positive outlook for industrial, warehousing sector
According to JLL’s latest Q2 city report, South Africa’s corporate real estate sectors remain under pressure, partly due to the ongoing Covid-19 pandemic and resultant restrictions. Johannesburg Johannesburg’s office market is anticipated to remain in turbulent waters over the foreseeable future, with vacancy rates and rental levels expected to continue softening. Sustained real economic growth,
July 29, 2021 in Property & Real Estate -
Saudi Arabia to impose three-year international travel ban on citizens who visit 'red list' countries
Ban includes those who violated restrictions by visiting ‘green list’ states first as coronavirus continues to impact many countries worldwide Source link
July 29, 2021 in Business News -
Middle East air travel demand remains 80% below pre-pandemic levels
Latest IATA data shows Middle East airlines reported a small improvement in passenger demand in June compared to May Source link
July 28, 2021 in Business News -
Creecy calls for greater access to finance for low-carbon investment in emerging markets
With emerging markets requiring an estimated $3-4tn annually in low-carbon investments over the next 15 years, Minister of Forestry, Fisheries and the Environment Barbara Creecy has called on developed countries to ensure access to long-term, predictable, and affordable finance for developing countries. Source: Gallo/Getty The minister made these remarks during the Ministerial Climate Change meeting
July 28, 2021 in Investments -
World's deepest pool in Dubai opens to the public on Wednesday
Deep Dive Dubai announces that public bookings are now open online at deepdivedubai.com Source link
July 28, 2021 in Business News -
Saudi Arabia reveals sweet tooth with $9.3bn industry investment
Figures released by the Ministry of Industry and Mineral Resources reveal 1,066 sweets and chocolate factories across the kingdom Source link
July 27, 2021 in Business News -
Redefine lists R1bn sustainability-linked bond
Redefine Properties has listed a R1bn issuance on the JSE for its first sustainability-linked bond – the largest amount raised so far by a South African real estate investment trust (Reit) in the growing sustainability-linked bond space in the country. Redefine CEO Andrew Konig The funds will be used to refinance upcoming bond maturities which
July 27, 2021 in Property & Real Estate -
IZA proposes new zinc refinery in SA to meet local demand
According to Simon Norton fromt the Africa Desk of the International Zinc Association, South Africa needs a zinc refinery to assist with the vast quantities of galvanised steel likely to be taken up by the government’s ambitious infrastructure development plans. Skorpion zinc refinery in Namibia. Source: Supplied “If we intend to rebuild our water and
July 27, 2021 in Manufacturing -
The importance of mentorship in a founder's journey
Industry leaders need to utilise all available resources at their disposal to accelerate progress. Seeking support, working with others and asking for help are the most basic but the most important growth tools they could tap into Source link
July 26, 2021 in Business News -
Millions of Koo and Hugo’s canned veg products recalled
Tiger Brands is recalling certain Koo and Hugo’s canned vegetable products produced from 1 May 2019 to 5 May 2021 due to “an extremely small number” of defective cans supplied by a packaging supplier, the FMCG company said on Monday. Source: Tiger Brands The cans may have a defective side seam weld that could cause
July 26, 2021 in Manufacturing -
Former Lebanese leaders back Mikati for premier, NNA says
Talks set to take place between Lebanese President Michel Aoun and lawmakers to try to agree on a new prime minister-designate Source link
July 26, 2021 in Business News -
Saudi Arabian Grand Prix tickets on sale as organisers eye capacity crowds
Saudi Automobile & Motorcycle Federation has released 40% of tickets initially, with a plan to increase this up to full capacity in line with the global vaccine response Source link
July 25, 2021 in Business News -
Giant Dubai property project on track for 2025 completion, says developer
Sobha Realty says nearly 30% of flagship Sobha Hartland in Dubai has been sold to investors Source link
July 24, 2021 in Business News -
UAE firm bolsters Australian hospitality portfolio with Brisbane hotel
Ghassan Aboud Group says deal for Vincent Hotel makes it Australia’s largest independent owner of five-star hotels Source link
July 24, 2021 in Business News -
Emirates expects 'high demand' after launching Miami flights
Dubai airline says it is committed to expanding services to the US after launching 12th destination Source link
July 23, 2021 in Business News -
Distell expects up to 20% rise in full-year profits
Drinks maker Distell said on Friday its full-year profit would be up to around 20% higher than a year earlier, but a fourth ban on alcohol in its home market South Africa had cost it about R30m so far. Source: Three Ships Whisky Distell, in talks with Heineken over a possible buy-out, was hit hard
July 23, 2021 in Manufacturing -
Interest rate holds steady in face of economic instability
Following the recent wave of economic instability, the Monetary Policy Committee (MPC) announced that interest rates will remain stable at 3.5% (repo rate), with the prime lending rate then remaining at 7%. Adrian Goslett, regional director and CEO of Re/Max of Southern Africa This was a prudent decision, as many have entered the property market
July 23, 2021 in Property & Real Estate -
Steady repo rate positive news for home buyers
The Monetary Policy Committee has adopted an accommodative approach, says Dr Andrew Golding, chief executive of the Pam Golding Property group, keeping the repo rate steady at 3.5% and the prime lending rate remaining at 7%. This following the vulnerability of South Africa’s economy in the wake of the recent unrest. Dr Andrew Golding, chief
July 23, 2021 in Property & Real Estate -
Repo rate unchanged at 3.5%
The Monetary Policy Committee (MPC) agreed unanimously to leave the repo rate unchanged, opting to keep it at the current 3.5% per annum. Lesetja Kganyago, Sarb governor While domestic economy grew by 4.6% in the first quarter of 2021, the MPC estimated the unrest to have fully negated the better growth results from the first
July 23, 2021 in Investments -
Dubai developer Azizi on hiring spree as real estate demand rebounds
Azizi Developments says it is upsizing by recruiting more than 200 new staff to deal with growing number of enquiries in projects Source link
July 23, 2021 in Business News -
Judges announced for 2021 Sapin Investor of the Year Awards
The SA Property Investors Network (Sapin) has announced the lineup of judges for the 2021 Investor of the Year Awards. The third annual awards is being hosted at the Marriott Hotel in Sandton on 18 November, but can be attended virtually. Investor of the Year Award team. Source: Supplied “We are thrilled with the calibre
July 22, 2021 in Property & Real Estate -
crypto is the inevitable future.
Bitcoin will hit its previous all-time highs again by the end of the year with prices driven higher by the “carefully considered arguments” and “new measured tone” being put forward by the likes of Elon Musk, Jack Dorsey and Cathie Wood at the recent The B Word Conference Bitcoin surged as much as 10% on
July 22, 2021 in Investments -
Two Gulf-based airlines named in world's top five
A new global ranking by AirlineRatings.com names both Qatar Airways and Emirates in their top five, while Etihad was also included in the top 20. Source link
July 22, 2021 in Business News -
Balancing food safety with packaging sustainability
The tension between food safety in packaging on the one hand, and environmental protection on the other, is a longstanding dilemma that has been brought into sharper focus by Covid-19. This conflict was unpacked in Tetra Pak’s global research Tetra Pak Index 2020: Covid-19 and the Food Safety-Sustainability Dilemma undertaken in partnership with Ipsos. Tetra
July 22, 2021 in Manufacturing -
3 major trends in the commercial property space in Africa
The ongoing Covid-19 pandemic has seen three major trends emerge as drivers of investment in Africa’s commercial property space. Though this sector has certainly taken a big knock, and commercial office space is still slow to recover, we are seeing positive activity in light industrial property, data centres, healthcare and pharmaceuticals, and even in hospitality,
July 22, 2021 in Property & Real Estate -
LG aims for 100% renewable energy use by 2050
LG Electronics has pledged to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement formed part of the new LG Electronics Sustainability Report and comes on top of the company’s earlier promise to achieve carbon neutrality by 2030 through the Zero Carbon 2030 initiative, in which LG
July 22, 2021 in Manufacturing -
Assets of Gulf's biggest sovereign wealth funds exceed $2trn
Four Gulf-based sovereign wealth funds have been included among the world’s top 10 in July Source link
July 21, 2021 in Business News -
Average Dubai property sales prices rise by more than a third in a year
Broker Allsopp & Allsopp says average values have jumped 35% to about $810,000 since Q2 2020 Source link
July 21, 2021 in Business News -
Top UK fintech Napier opens new office in Dubai amid global growth
Provider of advanced anti-financial crime compliance solutions announces expansion to Dubai International Financial Centre Source link
July 20, 2021 in Business News -
#BizTrends2021: The commercial property sector: Where to from here?
The Covid-19 pandemic disrupted the commercial real estate sector’s traditional value proposition – virtually overnight. The industry has answered the call for flexibility and innovative strategies, but the third wave of the Covid-19 pandemic coupled with calamitous riots, looting and subsequent damage to properties has key industry players asking: “where to from here?” John Jack,
July 20, 2021 in Property & Real Estate -
China’s clamps down on US listings, here’s what investors need to know
Global investors are reeling from China’s latest announcement to heighten restrictions on its US-listed companies, including the likes of Didi, Alibaba, Tencent and Bytedance. In a recent statement, the state council, which is constitutionally synonymous with the Central People’s Government, said the regulations governing the international listing system will change, while measures that limit cross-border
July 20, 2021 in Investments -
Ethiopia says second filling of giant dam on Blue Nile complete
Ethiopia has completed filling the reservoir of its huge dam on the Blue Nile river for a second year and the plant may start generating power in the next few months, a minister said on Monday, 19 July, a move that has already angered Egypt and Sudan. Ethiopia’s Grand Renaissance Dam is seen as it
July 20, 2021 in Energy -
NCC warns against inflated prices for essential goods
The National Consumer Commission (NCC) has sent a strong message discouraging suppliers from inflating prices of essential items amid the unrest that engulfed the country the past few days. Source: Getty According to the NCC, these are the goods listed under Consumer and Customer Protection and National Disaster Management Regulations and Directions, issued in terms
July 20, 2021 in Manufacturing -
One year on, the success of the Emirates Mars Mission explained
Project director Omran Sharaf says confidence in Hope Probe is going from strength to strength Source link
July 19, 2021 in Business News -
Toyota might stop investing in South Africa after KZN violence
Toyota said it’s unsure about continuing investment in KwaZulu-Natal and the country and that it’s worried about the violence in the province. Toyota’s regional officer for Africa, Toshimitsu Imai, expressed his concerns to eThekwini mayor Mxolisi Kaunda in a letter, according to a Netwerk24 report. The authenticity of the letter was confirmed by Mzolisi Witbooi,
July 19, 2021 in Manufacturing -
Bahrain-GCC trade continues recovery after pandemic
Trade between Saudi Arabia and Bahrain accounted for around half of total Bahrain-GCC trade, at $781 million Source link
July 19, 2021 in Business News -
Why the UAE is 'ahead of the curve' in sustainability
The country is leading the region when it comes to food security but its recycling industry is still emerging, said PepsiCo regional executive Source link
July 18, 2021 in Business News -
Dubai healthcare shake-up as ruler issues law to raise global status
Establishment of Dubai Academic Health Corporation is part of the broader strategy to strengthen the knowledge economy Source link
July 18, 2021 in Business News -
Kuwait's credit rating cut for second time in two years by S&P
Ratings agency says fall in oil revenue and increased spending has pressured the Gulf nation’s fiscal outlook Source link
July 17, 2021 in Business News -
Abu Dhabi to bring in new Covid capacity limits for retail, tourism businesses
Abu Dhabi Emergency, Crisis and Disasters Committee says new restrictions will come into force from Monday Source link
July 16, 2021 in Business News -
Banning fossil fuels in sub-Saharan Africa could slow the transition to renewable energy
Electricity is vital for improving the quality of life of many in rural sub-Saharan Africa.Source: USAID_images/Flickr Take sub-Saharan Africa’s energy systems, which are currently patchy and often unreliable. Many countries’ reliance on fossil fuels has led policymakers to suggest that fossil fuel systems should either be banned or indirectly discouraged through imposing a carbon tax.
July 16, 2021 in Energy -
Operation ‘rebuild and restock’ underway as unrest wanes
The intensity and frequency of riots eased on Thursday, and businesses and residents are in the throes of repairing the damage to property and clearing the debris that has resulted from days of looting, arson and vandalism in KwaZulu-Natal and parts of Gauteng. A screen grab taken from a video shows the damage inside a
July 16, 2021 in Manufacturing -
Standard Bank set to buy out Liberty
Standard Bank is planning to buy up the 46% of shares in Liberty it does not already own, to take full ownership of the insurance company. Liberty offers life insurance, asset management, investment, and health products to more than one-million clients across Africa., while Standard Bank is Africa’s biggest lender in terms of assets at
July 16, 2021 in Investments -
Lebanon's fate hangs in balance as Hariri decides future
He submitted a draft lineup of ministers the day before to President Michel Aoun, a Maronite Christian, in what seemed to be his last attempt to reach an agreement Source link
July 16, 2021 in Business News -
Saudi sovereign fund PIF completes $140m deal for stake in port terminal
Public Investment Fund, Cosco Shipping each acquire 20% stake in Red Sea Gateway Terminal Limited Source link
July 15, 2021 in Business News -
Property winners and losers may shift in second half of the year
The last 18 months have seen some clear winners and losers in the property industry. However, things may not stay the same in the next six months, especially if we experience an extended period of high levels of Covid infections and even more shutdowns. Gary Palmer, CEO of Paragon Lending Solutions Residential property The big
July 15, 2021 in Property & Real Estate -
UAE's Air Arabia inks deal to launch new national carrier in Armenia
New Armenian airline will operate as a low-cost passenger airline under similar model used by Air Arabia Source link
July 14, 2021 in Business News -
Decentralised finance may be the panacea for filling Africa’s investment gap
African countries continue to face substantial financing gaps as they take on projects of all sizes in pursuit of development. To tackle the slowdown in foreign direct investment since the onset of the pandemic, some African countries are actively courting their diaspora and looking for pockets of cash-rich businesses around the continent. Each country is
July 14, 2021 in Investments -
South African rand, bonds under pressure amid violence
South Africa’s rand was hovering around three-month lows in early trade on Wednesday, as the country prepared for what could be another day of unrest linked in part to anger over poverty and economic inequality. South African Rand coins are seen in this illustration picture taken 30 October, 2020. Reuters/Mike Hutchings/Illustration The continent’s most industrialised
July 14, 2021 in Investments -
Effective property finance in a post-Covid-19 Africa requires a new approach to capital structuring
One of the significant impacts that Covid-19 and the global lockdowns have had on the international property markets is a fundamental shift in the financing needs of property developers and investors. Before Covid-19, the priority of the vast majority of borrowers was to reduce the cost of capital. Typically, this involved maximising the debt component
July 14, 2021 in Property & Real Estate -
Crowdfunding: Advantages and disadvantages in a post-Covid world
Given the dire straits the pandemic has created for many SMEs, it could be that crowdfunding provides a vital business lifeline beyond government and bank loans, handouts and support schemes – many of which are now drying up Source link
July 14, 2021 in Business News -
LG factory in Durban looted and set alight
LG Electronics has said in a statement that its South African factory in Durban has been looted and burned down as part of protest action. According to the Korean embassy in South Africa, roughly 90 rioters broke into the factory in Cornubia, north of Durban, at 1am on 12 July to steal appliances made at
July 14, 2021 in Manufacturing -
ESG investment: What does good look like?
Mamedupi Matsipa, CEO, Ata Capital</span>While most private equity managers undertake investments on the premise of adding value to the companies in which they invest, they should not only consider ways to improve their portfolio company’s environmental, social and governance (ESG) or green credentials, but also ensure that their investments reduce harm in the long term.
July 14, 2021 in Investments -
Emirates launches first coders club as the UAE seeks to lead digital revolution
EK Koders, created by the National Program for Coders in collaboration with the Emirates Group, is part of plan to attract and train more than 100,000 coders Source link
July 13, 2021 in Business News -
No quick recovery expected for the commercial real estate sector
Commercial tenants showed signs of recovery in the first quarter of 2021, mirroring the better-than-expected GDP figures revealed for the same period by Statistics South Africa. A recovery in the commercial real estate sector relies heavily on business recovery. Constraints to business productivity, including the continued work-from-home trend, has had a significant impact on the
July 13, 2021 in Property & Real Estate -
Tunisian garment workers fight for unpaid wages in pandemic’s shadow
Racking up debts and running out of options, Tunisian seamstress Najeh is pinning her hopes on her employer’s promise to pay four months of overdue wages in August. Source: Reuters/Siphiwe Sibeko/File Photo The 44-year-old, who declined to give her last name for fear of reprisals, is the main breadwinner in her household and has been
July 13, 2021 in Manufacturing -
$530m roads projects launched to shorten UAE travel times
Sheikh Mohammed inaugurates series of new road networks and development projects Source link
July 13, 2021 in Business News -
Interesting indices: Should you invest in tech?
Source: Image supplied</span>In 2020, big tech companies like Amazon, Apple, Google, several big gaming companies and Facebook skyrocketed in value – largely due to Covid-19. Read more… | Send to a friend Source link
July 12, 2021 in Investments -
SA manufacturing production up 35.3% in May
South African manufacturing production increased by 35.3% in May 2021 compared with May 2020. Workers sort avocados at a farm factory in Nelspruit in Mpumalanga province, about 82 km north of the Swaziland border, South Africa. Source: Reuters/Siphiwe Sibeko The largest contributions were made by the following divisions: • motor vehicles, parts and accessories and
July 12, 2021 in Manufacturing -
Business 101: Relationships and the art of the deal-maker
Relationships, from matchmaking to dating, and business investments are almost the same, says Kris Ankem, director and CTO of the Office of Sheikh Ahmed Bin Obaid Al Maktoum Source link
July 12, 2021 in Business News -
What architects need to see in manufacturers’ architectural specifications
According to Morag Evans, CEO of BuildConnect, a division of Databuild, manufacturers that fail to improve the quality of architectural specifications provided online, risk not being specified in architects’ projects. Source: Supplied “As the construction industry claws its way back to recovery, architects are under immense pressure to source building materials and products for their
July 12, 2021 in Manufacturing -
UAE's digital strategy ramps up as it partners with tech giants
Google, Microsoft, Amazon, Cisco, IBM, HPE, LinkedIn, Nvidia and Facebook, plus homegrown successes such as Emirates NBD and Dubai World Trade Centre, are among the names supporting the National Program for Coders which aims to train and attract up to 100,000 programmers. Source link
July 11, 2021 in Business News -
Dubai real estate: Short-term lets, long-term rewards
How the rental market in Dubai is moving towards a short-term, on-demand model – and what that could mean for investors Source link
July 10, 2021 in Business News -
Saudi Arabia looks to UK to 'share tourism experiences' for kingdom's megaprojects
Kingdom is seeking global personnel and investment for its huge pipeline of megaprojects, say experts Source link
July 9, 2021 in Business News -
Space-as-a-service: Thinking differently about industrial real estate
Space-as-a-service (SPaaS) – that complete paradigm shift in how the real estate industry provides value-adding products and services to tenants – is most commonly associated with retail, commercial and, to an extent, residential property. But I like to think about how it applies to what author Dror Poleg, in his book Rethinking Real Estate, refers
July 9, 2021 in Investments -
UN Security Council backs AU bid to broker Ethiopia dam deal
UN Security Council members on Thursday, 8 July, backed African Union mediation efforts between Ethiopia, Egypt and Sudan in a dispute over the operation of a giant hydropower dam on the Blue Nile in Ethiopia, urging the parties to resume talks. The Blue Nile sets the border between Amhara and Oromia regions in Ethiopia. By
July 9, 2021 in Energy -
Why Middle East countries using Chinese, Astra shots are increasingly eyeing boosters
Officials are being motivated by concerns that delta and other variants appear to be breaking down defences of vaccines not made from the super-effective messenger RNA technology, or mRNA Source link
July 9, 2021 in Business News -
European demand driving Dubai real estate's upward trajectory
Property prices reached $251.6 per sqft in June, the highest recorded in two years, mainly for completed villas in traditionally sought-after communities Source link
July 8, 2021 in Business News -
Tunisia pushing UN action on Ethiopia dam, Ethiopia opposed
Tunisia has proposed the UN Security Council push for a binding agreement between Ethiopia, Sudan and Egypt on the operation of a giant hydropower dam within six months, according to a draft resolution seen by Reuters on Wednesday, 7 July. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river Nile
July 8, 2021 in Energy -
Emirates named most recommended brand in UAE, according to YouGov survey
Dubai-based carrier was rated number one with a score of 91.4 percent, ahead of iPhone (89.4 percent), Adidas (88.8 percent), Nike (86.9 percent) and fellow UAE airline Etihad Airways taking fifth spot (86.3 percent) Source link
July 8, 2021 in Business News -
Why Zoom in the Middle East remains in focus despite office return
Global results for the first quarter of the year – Zoom is unable to provide regional breakdowns – revealed total revenues of $956.2m, up 191% year-on-year Source link
July 7, 2021 in Business News -
UN urges Ethiopia, Egypt and Sudan to recommit to dam talks
The United Nations called on Ethiopia, Sudan and Egypt on Tuesday, 6 July, to recommit to talks on the operation of a giant hydropower dam, urging them to avoid any unilateral action, a day after Ethiopia began filling the dam’s reservoir. The Blue Nile River is seen as the Grand Ethiopian Renaissance Dam reservoir fills
July 7, 2021 in Energy -
Nedbank IMC speaker Khensani Nobanda
Khensani Nobanda, group executive Marketing and Corporate Affairs at Nedbank (the IMC’s naming sponsor) is going to be in conversation with group CEO Mike Brown, discussing how to ensure your CEO doesn’t see marketing as an indecent proposal. “I think it’s a key topic because a lot of times marketing is looked at as a
July 7, 2021 in Investments -
Crown Prince says Dubai tourism rebound is 'gathering pace' in 2021
Latest figures show Dubai attracted 3.7m tourists since the city reopened its borders to international visitors a year ago Source link
July 6, 2021 in Business News -
Impact investing’s growing attraction
The principles of environmental, social and governance (ESG) investing are capturing the growing attention of mainstream investors who are seeking attractive returns but also a new social contract with all stakeholders. This is contributing to the significant increase in flows out of traditional equity funds, and into ESG-focused funds. Assets in sustainable funds globally hit
July 6, 2021 in Investments -
Commercial property buying/selling markets substantially oversupplied
We continue with the second quarter 2021 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the six major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay. Given FNB Commercial Property
July 6, 2021 in Property & Real Estate -
Egypt notified that Ethiopia has resumed filling of giant dam
Egypt’s irrigation minister said on Monday, 5 July, he had received official notice from Ethiopia that it had begun filling the reservoir behind its giant hydropower dam, the Grand Ethiopian Renaissance Dam (GERD), for a second year. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river Nile in Guba Woreda,
July 6, 2021 in Energy -
Botswana issues licence for first large scale solar power plant
The Botswana energy regulator has granted a generation licence for a 100MW solar project to local firm Shumba Energy, a company executive said on Monday, making it the first independent power producer to set up a large scale solar plant in the country. A solar plant is seen in Uyayna, north of Riyadh, Saudi Arabia
July 6, 2021 in Energy -
Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board
HSBC was the only international adviser to hold a senior role on Aramco’s 2019 initial public offering, the world’s largest Source link
July 6, 2021 in Business News -
Saudi Arabia says to add tariffs on imports from GCC free zones, Israel
Decree issued as Saudi Arabia increases pressure on international firms to shift their Middle East hubs to the kingdom Source link
July 5, 2021 in Business News -
Inflation: a concern or opportunity?
For many years prior to 2020, the word “inflation” was less prevalent in investment vocabularies. However, it is one of the words most bandied about in markets. For some investors it is a concern, and for others it represents an opportunity. In the short term, economic indicators, both globally and in SA, are showing price
July 5, 2021 in Investments -
Must companies offering financial assistance register as a credit provider?
Is a company that provides a loan to a person to buy shares in that company required to register as a credit provider in terms of the National Credit Act 34 of 2005 (NCA)? Darryl Furman, director, Fluxmans In considering the answer one must have reference to both the NCA and the Companies Act 71
July 5, 2021 in Investments -
UAE approves use of Moderna coronavirus vaccine: reports
Ministry of Health and Prevention has approved of the vaccine’s emergency registration after clinical trials Source link
July 4, 2021 in Business News -
OPEC+ fails to reach output deal with talks kicked to Monday
Talks ended without a deal to increase output after the United Arab Emirates stuck to demands for better terms Source link
July 4, 2021 in Business News -
Oman's tourism arm appoints Barcelo Hotel Group to run all-inclusive resort
Oman Tourism Development Company says it aims to re-position Al Mussanah as an all-inclusive family destination Source link
July 3, 2021 in Business News -
How Dubai attraction is providing 'global' platform for start-ups
CEO of Global Village believes venue is an ideal incubator for new businesses and companies looking to enter the emirate, the country and the region Source link
July 3, 2021 in Business News -
Dubai chases 100,000 business leaders to maximise Expo 2020 impact
Newly formed board of Dubai Chamber of Commerce has adopted a 90-day plan to drive business growth in the emirate Source link
July 2, 2021 in Business News -
Emira Property Fund raises R805m sustainability-linked debt financing
Emira Property Fund has listed a new unsecured three-year R380m sustainability-linked bond as part of its DMTN programme. The Reit worked with investors to incorporate sustainability targets into the terms of the note. On that basis, the issue received more demand than could be executed. The oversubscribed issue, arranged by RMB, attracted five investors, and
July 2, 2021 in Property & Real Estate -
UN Security Council likely to meet next week on Ethiopia dam
The United Nations Security Council will likely meet next week to discuss a dispute between Sudan, Ethiopia and Egypt over a giant dam built by Ethiopia on the Blue Nile, French UN ambassador Nicolas de Riviere said on Thursday, 1 July. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river
July 2, 2021 in Energy -
Emaar teams up with supercar maker Lamborghini to offer luxury Dubai villas
Purchasers of the cluster of 40 luxury villas can enjoy upscale design inspired by Automobili Lamborghini Source link
July 1, 2021 in Business News -
Absa PMI expands at slower rate in June
South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded at a slower rate in June as growth in sales orders and business activity slowed, a survey showed on Thursday. Source: Getty The index, a gauge of manufacturing activity in Africa’s most industrialised economy, fell slightly to 57.4 points in June from 57.8 points in May,
July 1, 2021 in Manufacturing -
Bongumusa Makhathini to lead Empowerment Capital as CEO
A Harvard Business School graduate and current chairman of the SABC Board, Bongumusa Makhathini has held several directorships, including at SA Breweries (director of Corporate Affairs & Transformation), British American Tobacco (director of Legal & External Affairs) and African Commercial Diplomacy Consulting (managing director). Bongumusa Makhathini, Empowerment Capital Investment Partners’ first CEO Makhathini has been
July 1, 2021 in Investments -
India's latest flight ban extension labelled 'shocking' by leading travel official
Directorate General of Civil Aviation announced the extension until July 31 in a circular on Wednesday Source link
July 1, 2021 in Business News -
How Dubai aims to become major hub for global digital economy
UAE’s Minister of State for Artificial Intelligence is named chair of the new Dubai Chamber of Digital Economy Source link
June 30, 2021 in Business News -
Dubai's new official crowdfunding platform scores first successes
Dubai Next, launched by Crown Prince Sheikh Hamdan last month, helps to secure funding for start-ups Source link
June 29, 2021 in Business News -
New UAE initiatives drive economic growth, support family-owned businesses, start-ups, SMEs
Among the new initiatives are the Skill-Up Academy for entrepreneurs, the Scale-Up platform for start-ups looking to grow, and the Grow in UAE web portal that will provide information about policies and investment in the UAE Source link
June 29, 2021 in Business News -
Volkswagen to launch electric vehicles in region in 'two-or-three years'
German car manufacturer has previously said it plans to invest around $19bn in future trends such as ‘e-mobility, hybridisation and digitalisation’ by 2025 Source link
June 28, 2021 in Business News -
6 savvy money tips when you start your first job
When you’re young and just started working, your financial planning is the furthest thing on your mind, but the biggest lesson you can learn as you start out on your journey is don’t get trapped in living from pay cheque to pay cheque, rather work smart with your money. “Debt can be healthy and unhealthy.
June 28, 2021 in Investments -
What is PrimeXBT? All about the award-winning broker
The crypto market is brimming with competition – companies and corporations everywhere are seeking a piece of the emerging asset class and nascent technology. In no sector is competition more fierce than in the realm of trading platforms, each offering more interesting and compelling selling points than the next. Few of these platforms, however, have
June 28, 2021 in Investments -
Inospace’s latest acquisition set to become a micro-logistics and distribution park
Inospace, the South African business park specialist, has acquired a new multi-let industrial property in Cape Town’s northern suburbs. The property is Inospace’s fifth acquisition this year. The 8,005m² property in Peerless Park, Kraaifontien is currently leased to 22 small and medium-sized companies and will be renamed Peer Works. It will become the company’s 18th
June 28, 2021 in Investments -
Sudan rejects Ethiopian plan to fill giant dam a second time
Sudan has rejected an Ethiopian proposal to manage the filling for a second time of a giant dam that it is building on the Blue Nile, a senior official said on Sunday, 27 June, deepening a regional dispute over the project. Ethiopia’s Grand Renaissance Dam is seen as it undergoes construction work on the river
June 28, 2021 in Energy -
Binomo platform review and step-by-step trading guide
You have most likely come across Binomo in South Africa. This article will review a website and an app replying to the question: How does Binomo work? to help you make a wise decision regarding whether to proceed. You can use this guide to get started. Some beginners may ask “How to play Binomo?”, but
June 28, 2021 in Investments -
Emaar Properties' outlook revised to stable from negative amidst Dubai premium property boom
S&P Global Ratings also affirmed its BB+ long-term issuer credit ratings for the company and its subsidiary Emaar Malls PJSC Source link
June 28, 2021 in Business News -
Dubai-based online glasses retailer eyewa raises $21m
Eyewa has a presence in the UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain Source link
June 27, 2021 in Business News -
Dubai restructures business chambers to lead 'economic transformation'
Ruler Sheikh Mohammed bin Rashid Al Maktoum announces move to create new entities for commerce, digital economy and international trade Source link
June 26, 2021 in Business News -
UAE remains on UK travel red list, quashing hopes of air route revival
No Middle Eastern countries are added to Britain’s quarantine-free travel list in latest blow to regional tourism industry Source link
June 26, 2021 in Business News -
When are electronic signatures binding on sale of property agreements?
Rapid advances in technology, as well as more people working remotely and avoiding face-to-face meetings, has resulted in an increase in documents being signed electronically. When it comes to the signature of agreements of sale for immovable property, people are well advised to be cautious before putting their pens aside and embracing the various applications
June 25, 2021 in Property & Real Estate -
Bank of Sharjah to deliver $27m bonus share issue after 'resilient' 2020
Bank’s chairman says move is a ‘firm endorsement’ of strong underlying profitability and operational performance Source link
June 25, 2021 in Business News -
Mercedes-Benz invests R3bn into South African manufacturing plant
Mercedes-Benz Cars has a announced a R3bn investment into the Mercedes-Benz East London plant. This comes after the car manufacturer made a R10bn investment into the same plant in 2018. Jörg Burzer, a member of the Mercedes-Benz Cars board, said: “South Africa is an important location in our global Mercedes-Benz production network. The team in
June 25, 2021 in Manufacturing -
Why a competitive local fashion industry needs the creativity of designers
The creativity of fashion designers is a valuable resource that must be nurtured if African countries are to grow their fashion industries into competitive global players. This was the impassioned message from Lucilla Booyzen, CEO of SA Fashion Week, during a recent Fashionomics Africa webinar titled Textile and Fashion Value Chains: Opportunities for the Private
June 25, 2021 in Manufacturing -
5 questions to ask when looking for a contract manufacturer
More and more small and medium business owners in South Africa are looking to develop bespoke brands in consumer product lines such as health and beauty as a way of creating value and differentiating themselves in a competitive market. They are answering the call from consumers for unique products that offer alternatives to the international
June 25, 2021 in Manufacturing -
Deutsche Bank partners with Oracle to accelerate technology modernisation
Deutsche Bank selects Oracle Exadata Cloud@Customer to consolidate key databases in its selected data centres. The innovation partnership aims to modernise Deutsche Bank’s mission-critical databases and enable new financial products and services Source link
June 24, 2021 in Business News -
Highest electricity price increase of last decade
As South Africans, we’ve become rather accustomed to the prices of just about everything going up on an annual basis. Electricity is no different. With Eskom, South Africa’s national energy provider, facing various challenges which look set to continue for the foreseeable future, 2021 will see the highest electricity price increase of the last decade.
June 24, 2021 in Property & Real Estate -
What questions should you ask before buying a business?
When you’re looking to buy a business, there are a number of considerations to make before you commit. Ascertaining any red flags when buying a business can be done by having specific business-related questions answered. These questions revolve around financial, legal, and operational factors, as well as assets. This will help give you insight into
June 24, 2021 in Investments -
SIU granted order to freeze bank accounts of Digital Vibes
The Special Investigating Unit (SIU) has been granted a preservation order to freeze approximately R22m held in bank and investment accounts linked to Digital Vibes (Pty) Ltd. The order was granted on 17 June 2021 by the Special Tribunal. This is as part of taking action against those implicated in corruption, maladministration and malpractice, in
June 24, 2021 in Investments -
UK travel industry protests, as Britain loses $132.6m on UAE route in one week
British tourism bodies up in arms as government continues to limit global travel, putting millions of livelihoods at risk Source link
June 24, 2021 in Business News -
Kuwait's $134bn pension fund has record gain in turnaround
Fund recorded 20.9% growth in assets in the year ended March 31 Source link
June 23, 2021 in Business News -
What to look for when selecting a real estate agent
Property investment is a costly affair, so one should take as much care in selecting the right sales or rental agent as one would choosing a babysitter. Source: Supplied The Rawson Property Group’s regional sales and commercial manager, Craig Mott, and national rentals manager, Jacqui Savage, share their advice on the attributes you should be
June 23, 2021 in Property & Real Estate -
Saudi Arabia extends Covid loan support for small businesses
Deferred Payment Program has already impacted $45bn of payments since it began in March 2020 Source link
June 23, 2021 in Business News -
Multinationals don’t approach investing in Africa the same way: the differences matter
But, in reality, how do multinationals respond both to global norms and diverse local expectations? This is especially salient in some African contexts. Many governments have developed empowerment regulations to increase the participation of local people in the economy. The aim has been to address the legacy of colonial policies that excluded citizens from controlling
June 22, 2021 in Investments -
Discovery Invest announces new investment solution in partnership with Goldman Sachs Asset Management
In this changing world, trends are emerging that are set to transform investment markets globally… Discovery Invest has partnered with Goldman Sachs Asset Management, to introduce a new investment opportunity giving access to a range of thematic equity portfolios designed to give exposure to global megatrends. The Discovery Global Megatrends Fund is available on both
June 22, 2021 in Investments -
Go to Sleep: The first step towards physical and mental health
The benefits of healthy sleep are numerous: a longer life, improved memory and increased creativity, physical health and weight control Source link
June 22, 2021 in Business News -
SA suppliers reap rewards of Massmart’s localisation journey
Massmart, the owner of Makro, Game and Builders Warehouse, says its localisation focus is bearing fruit with visible benefits being experienced by both the group as well as an increasing number of local suppliers. During the past nine months, the group, in partnership with the Department of Trade Industry and Competition (DTIC), has reviewed its
June 22, 2021 in Manufacturing -
AB Talks: Why citizenship by investment is becoming increasingly popular
Scott Armstrong, editor-in-chief, will be joined by experts to discuss how alternative citizenships offer invaluable opportunities to high net worth individuals to travel freely, gain access to better tax jurisdictions and explore new investment opportunities Source link
June 21, 2021 in Business News -
Steady interest rate sees bond applications continue to climb
The current record-low interest rate has sparked activity from buyers across all price bands, with one mortage originator seeing an almost 60% increase in bond applications for May, when compared year-on-year. Source: © Susan Richey-Schmitz – 123RF.com This growth is significant, as it compares favourably with the massive uptick in bond applications seen this time
June 21, 2021 in Property & Real Estate -
MENA mergers and acquisitions expected to accelerate post-pandemic
The pandemic has forced many companies to restructure, and the trend is likely to continue as consolidation occurs across sectors Source link
June 21, 2021 in Business News -
How Kuwait's $600 billion wealth fund got caught in political crossfire
The Kuwait Investment Authority, the world’s oldest state investment vehicle, has been in limbo since its board’s tenure expired two months ago Source link
June 20, 2021 in Business News -
Deyaar Facilities Management's CEO named FM executive of the year
Under Mohamad Abou Laban the Deyaar FM staff accommodation was upgraded and moved to Al Quoz, reflecting on a higher staff retention and satisfaction Source link
June 19, 2021 in Business News -
UAE's medical device market set to grow to $1.5bn by 2025 on tech advances
New research highlights annual compound growth rate of 4.4% over five years Source link
June 19, 2021 in Business News -
Abu Dhabi suspends green pass system, use of Alhosn app
The crash was caused by a surge in new subscriptions after Abu Dhabi implemented its green pass system that relies on the use of the app to enter shops, malls, events and other facilities Source link
June 18, 2021 in Business News -
Where to next? The case for crypto-asset regulation just got bigger
The alleged loss of some $3.6bn Bitcoin through Africrypt investment company brings home just how risky this asset class truly is. Such incredible loss, though unfortunately not yet falling under the Financial Services Conduct Authority’s (FSCA’s) direct responsibility is likely to impact the velocity of crypto-asset regulatory development. The recent announcement by the Intergovernmental Fintech
June 18, 2021 in Investments -
Bahrain's Batelco said to mull dual listing in Saudi Arabia
Sources say Batelco has hired the investment arm of Samba Financial Group as an adviser on the deal Source link
June 18, 2021 in Business News -
Summer subscription offer: Unlock exclusive Arabian Business content, get a complimentary beverage holder
When you subscribe, you’ll also gain access to exclusive columns from globally renowned writers and thought leaders and stream “On Demand” footage from our market leading AB Forums. Source link
June 17, 2021 in Business News -
Colossal Concrete Products acquires Aveng Infraset’s Brakpan, De Aar plants
In a partnership branded Colossal Concrete Products, Mahuma Investment Holdings (MIH) and Randvest Capital Investments, along with two other investors, have acquired Aveng Infraset’s Brakpan and De Aar facilities. Colossal Concrete Products CEO Gwen Mahuma “Following a professional, smooth and synergistic transaction with Aveng, which is effective from June 1, the two precast concrete facilities
June 17, 2021 in Manufacturing -
Gulf IPO activity disappoints in Q1 as global markets hit 20-year high
Middle East and North Africa sees just three IPOs raising $294.8m during the first quarter of 2021, down 64% on Q1 2020 Source link
June 16, 2021 in Business News -
How the UAE aims to deliver personalised healthcare for Emiratis
Sheikh Mohammed approves the formation of the board of the Emirati Genome Program Source link
June 16, 2021 in Business News -
Australia’s Fortescue in talks on giant Congo hydro project
Australia’s Fortescue Metals Group said on Tuesday, 15 June, it was in talks with the Democratic Republic of Congo’s government to develop a hydroelectric power project that could become the largest in the world. Grand Inga 3. Photo: Congo Research Group The discussions concern exclusive rights for Fortescue’s green energy unit to develop the more
June 15, 2021 in Energy -
IT could hold back digital innovation at UAE organisations
Empowering ‘citizen developers’ to lead innovation will enable UAE organisations to effectively overcome technical skills shortages and reduce time to market for new digital services Source link
June 15, 2021 in Business News -
Sectional title becoming most popular choice for Sandton home buyers
According to recent data from Lightstone Property, sectional title properties are becoming the segment of choice for home buyers in Sandton. Estate and sectional title stocks in Sandton have soared since 1994, during which time sectional title accounted for 41% of newly developed properties and the majority were released in Paulshof. In 2020, sectional title
June 15, 2021 in Property & Real Estate -
A preservation ‘revival’ will supercharge South Africa’s retirement outcomes
South Africa’s retirement outcomes will improve radically if all retirement funding contributions are kept invested when fund members change jobs. Other quick wins include increasing the minimum government pension; delaying the government retirement age beyond 60 years; and refocusing the industry from saving a lump sum at retirement to providing a sustainable income in retirement.
June 15, 2021 in Investments -
Exclusive-Galp to hold off on LNG investment until Mozambique ensures security
Portugal’s Galp Energia , a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters. A Galp Energia refinery is seen near Sines, file. Reuters/Rafael Marchante This marks a second setback to Mozambique’s
June 15, 2021 in Investments -
Dubai's Shuaa Capital set to go digital with new wealth platform
The platform, managed by newly appointed chief digital officer Hadi Raad, seizes a market opportunity in millennials and regional HNWIs Source link
June 14, 2021 in Business News -
PIC not funding SAA 51% stake takeover
The Public Investment Corporation (PIC) has confirmed that it is not funding the 51% stake acquisition in South African Airways (SAA). The confirmation comes after media reports and comments over the weekend suggested that PIC funds will be used for the acquisition of the stake by Takatso Consortium. “The PIC is not involved in this
June 14, 2021 in Investments -
SA signs plan to revive steel industry
South Africa has signed a plan that aims to revive the local steel industry and boost output, the Department of Trade, Industry and Competition said on Sunday, 13 June. A worker cuts through steel at the Southern African Shipyards in Durban. Reuters/Rogan Ward The master plan for the steel and metal fabrication sector – an
June 14, 2021 in Manufacturing -
5 reasons why now may be the time for homeowners to sell
The residential property market inevitably moves through cycles and homeowners are always wanting to know if now is the right time to sell and move or not. There are a number of reasons why now may be the right time for sellers to list their properties. 1. The market is slowly shifting The residential property
June 14, 2021 in Property & Real Estate -
TUHF launches Sustainable Bond Framework, first social bonds
TUHF, with the assistance of Standard Bank, has launched its Sustainable Bond Framework and first social bonds. TUHF is a non-bank financial services company that borrows money from the capital markets and invests it in inner-city areas, extending finance to small scale property entrepreneurs who want to grow their rental businesses. In particular, TUHF targets
June 11, 2021 in Property & Real Estate -
Post-pandemic warehousing goes digital in 2021
The global Covid-19 pandemic has altered how manufacturers view warehousing and distribution. Global lockdown caused demand and supply shock waves to ripple around the globe and shift at lightning speed as consumers were forced to swap in-store purchases to online shopping. In spite of the enduring crisis, a silver lining seems to be emerging. Recent
June 10, 2021 in Manufacturing -
Funding provided, 0% interest for investments in SilverLeaf
Time is running out to invest in the fastest growing industry on the planet, with the section 12J tax investment incentive, which ends on the 30 June 2021. “Astute investors still have an opportunity to invest in a brand new asset class, behind a solid management team, with super high investment returns and a remarkable
June 10, 2021 in Investments -
Here's what you can learn at Salesforce Live: Middle East
The cloud-based software firm has gathered together thought leaders to discuss how digital transformation, smart data and tech-driven innovation can help businesses level up in a post-pandemic world Source link
June 10, 2021 in Business News -
Aquasky’s Brendan Williamson on extracting water from the clear blue sky
Necessity breeds innovation, and this was certainly the case during Cape Town’s 2017/18 drought when dam levels reached alarming levels. The city was brimming with ideas and possible solutions from all spheres on how to avoid Day Zero – the day household taps would run dry. This is where Aquasky’s startup story begins – a
June 10, 2021 in Manufacturing -
North West govt intervenes in Clover factory closure
North West Premier, Prof Tebogo Job Mokgoro, has dispatched a team to meet the management of Clover in an effort to halt the looming relocation of the company to Durban and save jobs. The team, led by the MEC for Agriculture and Rural Development, Desbo Mohono, visited the factory on Tuesday. Clover recently announced that
June 10, 2021 in Manufacturing -
FNB’s Nicholas Riemer is passionate about financial education
Sharing knowledge that helps people make better investment decisions is a huge reward factor for Nicholas Riemer. The 31-year-old heads the investment education space within FNB Wealth and Investments, and lectures on certain financial topics to UJ, Monash as well as the South African Institute of Chartered Accountants (Saica) board courses when time permits. Nicholas
June 10, 2021 in Investments -
Jazeera set to launch Heathrow flights despite Kuwait's amber list status
Airline to become the first low-cost carrier in the Middle East to operate direct flights to London Heathrow Source link
June 9, 2021 in Business News -
Sars should give crypto investors more carrot and less stick
It has been more than three years since the South African Revenue Service’s (Sars’) media statement on cryptocurrencies, in which it said that it would apply “normal income tax rules” to cryptocurrencies when assessing whether a gain is revenue or capital in nature, and that crypto assets are not seen as currency for income tax
June 9, 2021 in Investments -
Dubai's cancer care ambitions receive $60m boost from donors
Hamdan Bin Rashid Cancer Charity Hospital is set to open its doors to the first patients in 2023 Source link
June 9, 2021 in Business News -
GCC economies continue innovating beyond pandemic
The Gulf is home to Dubai and Abu Dhabi, both of which lead the pack of the Middle East and North Africa’s smartest cities, and GITEX will play host to innovative economic leaders from across the GCC as they look at how to continue developing beyond the pandemic Source link
June 8, 2021 in Business News -
South African Breweries turns investment taps back on for home market
South African Breweries (SAB), part of Anheuser-Busch InBev, has reinstated its investment programme that was cancelled last year, allocating R2bn for its home operations, the company said on Monday. A bartender serves a beer produced by brewing company SAB Miller at a bar in Cape Town, September 16, 2015. Reuters/Mike Hutchings/File Photo The maker of
June 8, 2021 in Manufacturing -
How technology advances will make the Gulf's local manufacturing ambitions a reality
Region-wide manufacturing and industrialisation strategies are making their presence felt and specialised free zones with financial, leasing, and protocol incentives have sprung up to service these ambitions Source link
June 7, 2021 in Business News -
Reinflation is the watchword in recovering economies
The past 15 months have been an interesting but uncertain time in global markets. As several major economies started to emerge from the pandemic, the first quarter of 2021 was all about reflation – a belief that massive fiscal stimulus, historically low-interest rates and the reopening of economies on the back of Covid-19 vaccinations will
June 7, 2021 in Investments -
Thungela starts trading on JSE after unbundling from Anglo American
Thungela Resources started trading on the Johannesburg Stock Exchange (JSE) today, marking the completion of its demerger and separation by Anglo American’s South African thermal coal assets. July Ndlovu, CEO, Thungela Resources “We are excited to be listing Thungela today. The company plays an important role in providing affordable energy to both our customers in
June 7, 2021 in Investments -
Chalhoub Group to up share of local Saudis, women in workforce
In its 2020 sustainability report, the group sets new targets for its strategy in Saudi Arabia for the next three years, and its goals are in line with Saudi Arabia’s Vision 2030 Source link
June 7, 2021 in Business News -
UAE's F&B industry on steady recovery path
Dine-ins in quick bites and cafe menu categories saw the biggest uptick in Q1 2021, new research indicates Source link
June 6, 2021 in Business News -
Emirates chief hails Miami flights plan as vote of confidence in travel rebound
Sheikh Ahmed says July 22 launch also shows commitment to the US market after coronavirus crisis Source link
June 5, 2021 in Business News -
Ruler says Qatar is ready to host World Cup despite pandemic challenge
Sheikh Tamim bin Hamad Al Thani says Qatar’s preparations for 2022 World Cup are nearing completion Source link
June 5, 2021 in Business News -
Reasons to be hopeful as 2021 emerges from the shadow of the pandemic
There is a prevailing mood of optimism, even in sectors hard hit by coronavirus, specifically in the UAE and the GCC generally, writes Ali Akawi, CEO of ITP Media Group Source link
June 4, 2021 in Business News -
Digesting the Commission’s decision on Burger King deal
For the first time in 20 years, a merger may be prohibited on public interest grounds alone. A ground-breaking recommendation by the Competition Commission (Commission) to the Competition Tribunal (Tribunal) to prohibit the proposed sale by Grand Parade Investments Limited (GPI) of its investment in Burger King (South Africa) to a US private equity firm
June 4, 2021 in Investments -
South Africa’s fiscal deficits declining “faster than expected”
South Africa’s fiscal deficits are declining slightly faster than initial expectations, but slow progress on the rollout of coronavirus vaccines and structural reforms will continue to hamper progress, ratings firm S&P Global said on Thursday. The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13,
June 4, 2021 in Investments -
UAE remains on UK's travel red list, Bahrain added as Covid concerns rise
UK Government adds a further seven countries to its ‘no-fly’ list as country fears third wave of pandemic Source link
June 4, 2021 in Business News -
UAE seeing a 'rush' of applicants for US EB-5 visa programme ahead of court ruling
The Northern District California court is expected to give its judgment later this week on a lawsuit challenging certain amendments EB-5 regulations, which, according to immigration experts, could potentially bring down the investment requirement to the earlier level of $500,000 Source link
June 3, 2021 in Business News -
Midday outdoor working ban in UAE to start from June 15
Companies who do not comply will be faced with a fine of AED5,000 per worker and a maximum of AED50,000 should several employees be found to be working during the ban Source link
June 2, 2021 in Business News -
Covid-19 has shown that following the same road will lead the world over a precipice
The devastating consequences of Covid-19 have led to a deepening recognition that business as usual is highly destabilising and the source of our darkest fears. It has shattered the mental mirrors that have prevented us from breaking from the past and embracing new horizons. In “Rescue: From Global Crisis to a Better World I show
June 2, 2021 in Investments -
Spanish football league LaLiga moves Middle East HQ to Dubai's DMCC
Move comes as the MENA region is becoming an increasingly important market for the Spanish league Source link
June 2, 2021 in Business News -
Five ways to become a better leader
The sure-shot way to be a leader is a cakewalk, but it requires great courage to emerge unique and better than the rest Source link
June 1, 2021 in Business News -
SA manufacturing expands at faster rate in May
South Africa’s manufacturing activity expanded at a faster pace in May as new sales orders grew, driven by domestic demand, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) showed on Tuesday. A worker checks bottles of wine coming out of a production line at Nederburg Wine Estate in Paarl, South Africa, 8 July 2020. Reuters/Mike
June 1, 2021 in Manufacturing -
Regulatory compliance will help economic recovery and sustainability in South Africa
For South Africa to work towards post-Covid economic recovery it will be necessary to reprioritise compliance to ensure both economic and environmental sustainability in the long term. Most organisations are fast realising that a compartmentalised approach to tackling compliance issues is becoming difficult to maintain as regulations increase to determine how these industries are run.
June 1, 2021 in Investments -
Dubai's Leams Education reveals roadmap for expansion
Affordable schools provider outlines vision to increase presence in UAE and grow into emerging markets Source link
May 31, 2021 in Business News -
Pieter Hanekom to replace Rhodes Food Group CEO of 22 years
Bruce Henderson, who has served as CEO of Rhodes Food Group for 22 years, is to retire in September this year and will be succeeded by Pieter Hanekom, the company announced on Monday. Based in Groot Drakenstein in the Western Cape, RFG’s growing portfolio of brands include the flagship Rhodes brand, Bull Brand, Bisto and
May 31, 2021 in Manufacturing -
Get R1 for every 55c you invest into a 12J – CPD Accredited Investor Summit, 2 June, online. Register now
This is your last chance to choose where your tax money goes. The sunset is upon us. Attend our free, final 12J Summit and have all your 12J questions answered. Investing in Section 12J is low hanging fruit and should be top of mind for every savvy investor. This is a last opportunity for South
May 31, 2021 in Venture Capital -
Commission suggests blocking R1bn acquisition of The Building Company
The Competition Commission has recommended to the Competition Tribunal that the proposed takeover of Pepkor’s hardware company The Building Company by Cashbuild be prohibited. As part of the acquisition, Cashbuild would have paid R1,1bn for The Building Company, which owns Buco, TimberCity, Tiletoria and other brands. Credit: Alexander via Pexels “The Commission found that the
May 31, 2021 in Manufacturing -
Don’t use your commercial property loan like an overdraft
In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans. While this is a facility that banks offer their clients, and there are valid reasons to pay off a commercial property loan early, many clients unwittingly do so for the wrong reasons and to their own detriment. Preggie
May 31, 2021 in Property & Real Estate -
What investors must do in order to avoid financial advice 'sharks'
Opening panel at latest AB Money Forum stresses importance of trust in financial advisors Source link
May 31, 2021 in Business News -
Marriot Hotels debuts in Lagos, Nigeria
Marriott Hotels has announced its debut in Nigeria with the opening of Lagos Marriott Hotel Ikeja. Volker Heiden, area vice president – sub Saharan Africa, Marriott International, says: “We are excited to have opened the Lagos Marriott Hotel Ikeja, bringing Marriott Hotels’ transformed vision to Nigeria. “Lagos is a vibrant and bustling city
May 31, 2021 in Property & Real Estate -
Is it the best of times for Bitcoin or the worst of times?
Following the volatility in the value of the cryptocurrency, Dominic Frisby, the author of Bitcoin: the Future of Money? discusses whether it’s a crash or correction, and looks at the ‘Musk’ effect. Source link
May 30, 2021 in Business News -
Focus on the bottom line: Making your e-commerce business profitable
During the pandemic, existing e-commerce stores witnessed an unprecedented increase in sales, and many new players have entered this exponentially growing industry Source link
May 30, 2021 in Business News -
Dubai's DXB named world's busiest international airport in May
According to aviation analysts OAG, Dubai International Airport topped the global list with nearly 1.9 million scheduled seats despite ongoing impact of coronavirus Source link
May 29, 2021 in Business News -
Authorities issue 'scam' warning after new cryptocurrency targets Dubai
Dubai Electronic Security Centre says ‘DubaiCoin’ is an elaborate phishing campaign designed to steal personal information Source link
May 28, 2021 in Business News -
Summit to stimulate investment into Africa
SingularityU announces Exponential Finance Summit 2021, aimed at growing investment ecosystem in Africa SingularityU South Africa has announced its plans to host the SingularityU Exponential Finance Summit online in 2021. Taking place from 28-30 July 2021, the summit aims to build and grow an African investment innovation ecosystem by connecting South Africa and Africa’s top
May 28, 2021 in Venture Capital -
Influencers and the markets. Who will have the last say
A divisive Tweet from Elon Musk threw Bitcoin into disarray on 13 May, leaving traders wondering about the future of the cryptocurrency. Historically speaking, market reactions prompted by individuals go back a long way. We could look back at the time of JP Morgan himself in the 1920s, making various statements that led to the
May 28, 2021 in Investments -
Facing uncertainty at home, Latin America's wealthy look towards Dubai
A growing number of Latin America’s wealthy business people are looking to the UAE for 10-year investor visas, according to Damacorp Source link
May 28, 2021 in Business News -
Is it time to build your financial future? The AB Money Forum is back and here to help with a host of experts
Our exclusive in-person event at the JW Marriot Marquis in Dubai on May 31 will offer up insight on investing, real estate, crypto, online trading and the golden rules for growing your portfolio. Source link
May 27, 2021 in Business News -
Early investors to share in profit from UK government-backed SA vertical business jet
What would Naspers do to find another investment as rewarding as Tencent, and Sequoia Capital, the only venture investor in WhatsApp, which turned its $60m investment into $3bn when Facebook acquired the messaging service, do to find another winner like that? According to the Harvard Business Review, the venture capital business is no longer that
May 27, 2021 in Investments -
Green calendar aims to boost Dubai's status as sustainable tourism destination
Department of Tourism and Commerce Marketing targets residents and visitors with new ‘Get into the Green Scene’ initiative Source link
May 26, 2021 in Business News -
How ‘flipsters’ are changing the property landscape
There is a new breed of home flippers in the property space who are doing things their own way and, in doing so, not only establishing a host of new property trends, but transforming whole neighbourhoods, according to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty. Image supplied “Flipsters are hipsters who flip homes,
May 26, 2021 in Property & Real Estate -
5th MSCI South Africa Green Annual Property Index out now
Released annually, in conjunction with the Green Building Council of South Africa (GBCSA) and sponsored by Growthpoint Properties, the MSCI South Africa Green Annual Property Index provides an independent, globally consistent view on the investment performance of green-certified and non-certified offices. Growthpoint office development at 29 Richefond Circle, Ridgeside, Umhlanga, KZN At the end of
May 26, 2021 in Property & Real Estate -
Emirates REIT debt exchange offer rejected by group of creditors
Shariah-compliant real estate investment trust last week offered to exchange the unsecured sukuk securities due in 2022 for new secured notes maturing in 2024 Source link
May 26, 2021 in Business News -
Narratives are simple, the truth is more complex
We often talk about the importance of looking beyond prevailing narratives to find value. Narratives are easy to buy into, partly because as humans we enjoy a good story, and partly because they are simple and easy to understand. They help us make sense of the world, and they also make it easy to buy
May 26, 2021 in Investments -
An urban masterplan of the future
From a city’s built-up area for expansion interspersed with green spaces to regeneration efforts and mobility planning, every aspect must be analysed to create futuristic, sustainable urban master plans Source link
May 25, 2021 in Business News -
Lightstone unpacks semigration trends across Western Cape, KZN, Gauteng
Nearly 15% of homeowners who sold and bought homes in the three years leading up to 2020 have moved from cities to smaller towns. This is according to recent data shared by Lightstone Property which highlights that most of these purchases from the Western Cape and KwaZulu-Natal show the appeal of opting for a quieter
May 25, 2021 in Property & Real Estate -
Protesters clash with police over rising unemployment in Oman city
Police fire tear gas at young Omanis outside the Labour Ministry and governor’s office in Sohar Source link
May 25, 2021 in Business News -
Saudi Arabia emerges as hot spot for start-up accelerator programmes
The country has also seen more senior corporate leaders making the switch to entrepreneurship during the pandemic Source link
May 24, 2021 in Business News -
How the world is warming to sustainable investing
The European Union (EU) is considered by many to be the leader in sustainability regulation. This is true in the sense that it was the first to set the foundations for a sustainable finance framework and has a head start in developing the corresponding regulation. Other markets, particularly Asia, are close at its heels, and
May 24, 2021 in Investments -
South African rand extends gains as rating agencies maintain outlook
The South African rand extended gains on Monday, passing the 18-month best reached on Friday as the currency drew strength from rating agencies holding the country’s credit rating and outlook at current levels. South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, file.Reuters/Siphiwe
May 24, 2021 in Investments -
Why women have a 'big role' to play in developing Saudi Arabia's tourism industry
Dr Afnan Alshuaiby, founder and CEO of FNN International and chairperson of the Arab International Women’s Forum was addressing a panel session at the recent Arabian Travel Market Source link
May 23, 2021 in Business News -
Indian investment influx in the UAE
Dubai is a second home to a multitude of Indians from various walks of life; many own property here for investment, leisure or to live in, Over the last few years, there has been a steady rise in the number of Indian residents opting to buy a home in Dubai Source link
May 23, 2021 in Business News -
Qatar Airways boss named new chairman of Oneworld airline alliance
Akbar Al Baker takes on key role at a pivotal time for the aviation industry as it slowly emerges from the impact of the coronavirus pandemic Source link
May 22, 2021 in Business News -
Saudi Arabia hires former WTTC chief to help drive tourism ambitions
Saudi Ministry of Tourism announces appointment of World Travel and Tourism Council CEO and president Gloria Guevara Manzo as chief special advisor Source link
May 21, 2021 in Business News -
UAE's largest fuel retailer hires former Tabreed boss as new CEO
ADNOC Distribution has announced the appointment of Bader Saeed Al Lamki as CEO from May 27 Source link
May 21, 2021 in Business News -
How with TLC Wendy Nwankwo found success in The Living Collective
Property entrepreneur Wendy Nwankwo, founder of The Living Collective “It’s important to be patient with yourself and growth as an entrepreneur. Success doesn’t come overnight. I feel it’s also important for businesswomen to pave the way for others to participate in industries or spaces that are male-dominated. Know that you will fail but don’t be
May 21, 2021 in Property & Real Estate -
Stable interest rate great news for best buyer’s market in decades
The decision by the Reserve Bank to retain the repo rate at 3.5% (home loan base rate at 7%) is great news and underscores the best buyer’s market in decades. While to date, much of the updraft in the property market has been interest-rate induced, driven by first-time buyers, overall volumes, which is about 20,000
May 21, 2021 in Property & Real Estate -
Oman power giant Mazoon inks $235m Islamic financing deal
Mazoon Electricity Company says funds will be used to finance its capital expenditure plans for 2021 Source link
May 20, 2021 in Business News -
Interest rate hike held off for another quarter
After announcing at their previous meeting that the interest rate may increase by 25 basis points in the second quarter, the Monetary Policy Committee (MPC) cut the country a break today when it announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%. This means
May 20, 2021 in Property & Real Estate -
Investec Property Fund says repurposing office space now vital
Investec Property Fund’s (IPF) strategy of repurposing office assets and “amenitising” office space has become even more relevant after the Covid-19 pandemic hit demand, the South African fund’s joint-CEO Darryl Mayers said on Wednesday, 19 May. Structural shifts were already emerging prior to the pandemic with the increased prevalence of flexible working and shared office
May 20, 2021 in Property & Real Estate -
Investec Property Fund says repurposing office space now vital
Investec Property Fund’s (IPF) strategy of repurposing office assets and “amenitising” office space has become even more relevant after the Covid-19 pandemic hit demand, the South African fund’s joint-CEO Darryl Mayers said on Wednesday, 19 May. Structural shifts were already emerging prior to the pandemic with the increased prevalence of flexible working and shared office
May 20, 2021 in Property & Real Estate -
When life gives you lemons, make gold
Life can be challenging and sometimes downright unfair. It is how we respond to these challenges and unfairness that determines our destiny. No one else lives inside your head except for you, and the daily decisions you make in response to everything you see, hear and dream about are what shape your future. My personal
May 20, 2021 in Property & Real Estate -
EU to reopen borders, potentially easing the way for GCC travellers
EU countries agree to reopen their borders to nations and travellers deemed safe in the continent’s most significant move yet to return to normalcy Source link
May 20, 2021 in Business News -
Global semiconductor shortage to continue until 2022
According to Gartner, the worldwide semiconductor shortage will persist through 2021 and is expected to recover to normal levels by the second quarter of 2022. Photo by Harrison Broadbent on Unsplash Kanishka Chauhan, principal research analyst at Gartner, said: “The semiconductor shortage will severely disrupt the supply chain and will constrain the production of many
May 19, 2021 in Manufacturing -
Responsible lenders need to lead the charge towards financial literacy
South Africa has a well-developed formal financial sector, however the country also has a population that ranks high in terms of indebtedness, according to the World Bank. In addition to these high levels of borrowing, South Africans also stand out in terms of poor repayments and many are trapped in a debt spiral. Brett van
May 19, 2021 in Investments -
Why domestic tourism will always be at the forefront for Saudi Arabia
CEO of Saudi Tourism Authority, Fahd Hamidaddin, reveals bold plans for relaunch of Saudi Seasons programme in Q4 this year Source link
May 19, 2021 in Business News -
Investec Property Fund reports earnings fall after hit to rental income
Investec Property Fund Limited (IPF) on Wednesday, 19 May, reported a 33.8% fall in annual distributable earnings per share due primarily to the impact of Covid-19 and related rental concessions granted to tenants. Distributable earnings per share, the primary underlying financial performance measure in the listed property sector, fell to 97.08 cents for the year
May 19, 2021 in Property & Real Estate -
Sapin to host Durban Property Roadshow
The SA Property Investor’s Network (Sapin) will be hosting a property roadshow at the Aha Gateway Hotel in Umhlanga in Durban on Thursday, 20 May. The keynote speakers for the event are Sapin CEO and founder Andrew Walker and portfolio manager at TUHF Sabir Yusuf. “It’s been a while since we’ve been able to travel
May 19, 2021 in Property & Real Estate -
Abu Dhabi owner to fund Man City fans' trip to Champions League final
Sheikh Mansour seeks to remove the most significant financial barrier to fans attending the final, says club Source link
May 18, 2021 in Business News -
Opportunity remains for aspirant home buyers as outlook keeps repo rate below 4%
Commenting ahead of the third repo rate announcement for 2021 later this week, Carl Coetzee, CEO of BetterBond, says it is unlikely that the repo rate will climb above 4% for a while yet. “Rates will eventually start to increase, but the prime lending rate is not going to hit double digits in the near
May 18, 2021 in Property & Real Estate -
African industrialisation and intracontinental trade can lead to an employment boom
Africa has the opportunity to follow in the footsteps of Asia’s manufacturing giants over the next decade, using industrialisation as a strategy to uplift millions of people from poverty and create jobs for its burgeoning young population. In doing so, it could reinvent itself as the world’s next production powerhouse. That’s according to Vinny Perumal,
May 18, 2021 in Manufacturing -
Raising capital in Africa and crossing the bridge to the US
Pardon Makumbe, co-founder and managing partner of CRE Venture Capital When you look at raising capital in Africa, what can we see in the current landscape? Our continent is a big place made up of regional ecosystems, each with its own unique personality and dynamism. The regions we know the best are South of the
May 18, 2021 in Venture Capital -
How Covid has rocked retirement savings
Accessing retirement saving early to cover the shortfall and stopping retirement savings altogether are two of the alarming trend emerging in a Transunion survey. In addition the World Bank’s 2019 report, South Africa’s savings rate is 15% of its GDP—10% below the world average. While the 2020 Ipsos/News24 poll amongst 52,287 readers, more than four
May 18, 2021 in Investments -
Akani unveils new corporate brand as it positions for growth opportunities
Akani Retirement Fund Administrators (Akani), the country’s largest Black-owned and managed retirement fund administrator with R26bn total of clients’ assets under management, has unveiled a new corporate brand to position itself for growth and in response to dynamic changes in the South African retirement fund industry. Zamani Letjane, the managing director of Akani, said: “Our
May 17, 2021 in Investments -
A rigid approach could be a death knell in the current property market
After a year of global volatility, the property market remains one of the most mercurial sectors. It’s only the most agile industry players who have weathered the pandemic storm. And, with no end to the uncertainty in sight, a responsive attitude from both landlords and developers will be required for some months yet. Gary Palmer,
May 17, 2021 in Property & Real Estate -
The systematic decline of active funds
Active funds have been subjected to continuous waves of attack from passive alternatives, and the gist of the argument is that they are in some way inferior to their passive peers. The reasoning is mixed, but the argument’s primary drivers are historic underperformance over the past five years, lower fees and fund costs, and high
May 17, 2021 in Investments -
Register now: CEO Connect discussion on Competitive Collaboration in Africa
SVAI (Shared Value Africa Initiative) is excited to invite all CEOs and executives to the 2021 CEO Connect Roundtable on 4 June! Themed ‘Competitive Collaboration in Africa – One Africa, One Voice’, this high-level leadership engagement platform aims to bring business leaders together for vital discussions reflecting the current regional, continental and global context and
May 17, 2021 in Investments -
Foreign investment into UAE increases over 44% despite coronavirus crisis
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said: “Good crisis management is a guaranteed investment.” Source link
May 16, 2021 in Business News -
Unit of Abu Dhabi's IHC buys stake in transport media firm Firefly
Deal will expand Firefly’s operations into the Middle East for the first time through a joint-venture office in the UAE capital Source link
May 15, 2021 in Business News -
UAE pharma major says Q1 net loss narrows on strong sales
Gulf Pharmaceutical Industries reports a 60% jump in net sales during Q1, boosted by a recent re-entry into key markets Source link
May 15, 2021 in Business News -
SADC focused on establishing Europlaw Group Fund
Europlaw Group, operating predominately from the Republic of South Africa and the United Kingdom, decided to establish the SADC-focused Europlaw Group Fund. From its base in South Africa, the fund will focus its attention on both the SADC and the African continent. The founding members for the Europlaw Group Fund are the Europlaw Group of
May 14, 2021 in Investments -
Abu Dhabi creates new council to oversee development of free zones
Free Zones Council will adopt key non-financial performance indicators for free zones, re legislation Source link
May 14, 2021 in Business News -
Redefine Properties defers dividend decision
Redefine Properties shareholders will have to wait a little longer for a dividend after the company said on Friday, 14 May, that it has deferred a decision on an interim payout until the release of annual results in November. The owner of retail, office and industrial properties cited the effects of the Covid-19 pandemic and
May 14, 2021 in Property & Real Estate -
What’s really behind Musk’s Bitcoin U-turn?
Elon Musk’s sudden U-turn regarding Bitcoin on Twitter – which sent prices plummeting by 15% – could be more of a PR stunt than anything else. Elon Musk. Photo: Duncan.Hull – own work/Wikipedia The Tesla billionaire boss said the company will halt sales of cars using Bitcoin due to the environmental impact of mining that
May 14, 2021 in Investments -
The pitfalls of the proposed pension fund amendments
Proposed changes to the Pensions Funds Amendment Bill, currently before Parliament’s Standing Committee on Finance, will allow retirement fund members to access a portion of their retirement savings in cash before retirement as a guarantee for a loan. But the long-term losses outweigh the short-term gains The Democratic Alliance (DA) has proposed that the law
May 14, 2021 in Investments -
UAE-India remittances flow slumps by 17% as Covid fuels 2020 job losses
World Bank says India saw remittances fell by just 0.2% in 2020 overall, as resilient flows from the US and other host countries offset decline Source link
May 13, 2021 in Business News -
South Africa investors cheer Ramaphosa rival’s suspension
Investors are celebrating the suspension of one of the main party rivals of South African President Cyril Ramaphosa as a sign that he is finally tightening his grip on the governing African National Congress (ANC). President Cyril Ramaphosa delivers his State of the Nation address in parliament in Cape Town, South Africa, February 11, 2021.
May 13, 2021 in Investments -
Why Rosebank is Jozi’s best property investment
Rosebank encompasses the excitement of fast-paced city life and the calm beauty of leafy suburbia, placing it in high demand for both business and residential investment players. All major property developers have ensured a foothold in what is fast becoming Johannesburg’s next and most sought-after urban living node. Rosebank, Johannesburg. Image source: Facebook Rosebank is
May 12, 2021 in Property & Real Estate -
Govt could curb imports in favour of more 100% local goods
Small Business Development Minister Khumbudzo Ntshavheni says the department is in talks with the Department of Trade, Industry and Competition to designate more products under the 100% local content category to support SMMEs in the local manufacturing sector. Getty The Minister said this when Ministers in the economics sector replied to oral questions in the
May 12, 2021 in Manufacturing -
SA’s manufacturing output up 4,6% in March
South Africa’s manufacturing production increased by 4,6% in March 2021 compared with March 2020, according to data from Statistics South Africa (Stats SA). A worker inspects cars at Nissan’s manufacturing plant in Rosslyn, outside Pretoria, file. Reuters/Siphiwe Sibeko The largest positive contributions were made by the following divisions:• food and beverages (10,4% and contributing 3,0
May 11, 2021 in Manufacturing -
South Africa’s rand retreats from 16-month high against dollar
The rand weakened in early trade on Tuesday, breaking back above 14.000 against the US dollar, in cautious trade ahead of local manufacturing data and US inflation figures. A street money changer counts South African rands in Harare, Zimbabwe, file. Reuters/Philimon Bulawayo At 0631 GMT, the rand traded at 14.0600 against the dollar, 0.31% weaker
May 11, 2021 in Investments -
Are businesses ready to attract tomorrow’s investors?
Like the mining companies they service, mine suppliers and technology providers should be looking beyond the customer demands of today to remain relevant to the investors of tomorrow. Joe Keenan, MD, BME The world has become rapidly alive to the threats posed by climate change, and mining companies are seeing their shareholders demanding more than
May 11, 2021 in Investments -
Zachariah George talks early-stage funding in SA
Could you take us through the funding stages of starting a business? (levels of seed funding, early stage funding, etc.) Typical stages of funding in the VC industry: Pre-Seed – typically at MVP but pre-revenue Seed Stage – some proof of concepts (“PoCs”) and/or pilots in place, could be pre-revenue still or barely post revenue
May 11, 2021 in Venture Capital -
Emaar Malls reveals 169% quarter-on-quarter increase in profits
Shopping malls and retail business giant reported profits of $87m for first three months of the year Source link
May 10, 2021 in Business News -
Will virtual reality play a part in the future of design?
Husain Roomi, co-founder of H2R Design, shares his thoughts on whether this revolutionary technology is the design world’s next big thing Source link
May 9, 2021 in Business News -
Top Dubai businessman questions UK's decision to keep the UAE on travel 'red list'
Khalaf Ahmad Al Habtoor, founder of the Al Habtoor Group, says he is ‘shocked and surprised’ by Britain’s decision Source link
May 8, 2021 in Business News -
UK delivers tourism blow as the UAE remains on 'red list'
Experts say the latest ruling will ‘substantially’ dampen travel between Britain and the UAE Source link
May 8, 2021 in Business News -
Abu Dhabi's IHC says to list three subsidiaries on local bourse in Q2
Three subsidiaries of International Holding Company will be listed on Abu Dhabi Securities Exchange’s second market Source link
May 7, 2021 in Business News -
Qatar orders arrest of finance minister Ali Sharif Al-Emadi
Qatar’s prosecutor to question minister over alleged abuse of power and misuse of public funds Source link
May 6, 2021 in Business News -
eThekwini Furniture Cluster Business Accelerator
The eThekwini Furniture Cluster (EFC) Business Accelerator is open for applications from small businesses in KwaZulu-Natal that currently supplies, or could supply, goods or services to the furniture sector. Successful applicants that excel during the pitching process will be in the running to gain a lucrative business contract with South African furniture retailers, @home, CLM
May 6, 2021 in Manufacturing -
Understanding how consumers make decisions
There are important practical implications in understanding the decision rules that consumers are most likely to use within a given product category Source link
May 6, 2021 in Business News -
Why WHO approval of Sinopharm vaccine will boost European coffers from Middle East travel
Vaccine, which has been widely used across the region, is expected to be passed by the WHO by the end of the week Source link
May 5, 2021 in Business News -
Investing in Nigeria: Discipline is key
The end of quarter one 2021 marks one year since markets bottomed following the Covid-19 global outbreak. Most major equity indices had fallen between 20% and 30% in US dollar terms, and the African markets were not spared the wrath. The mood was so dire back then that it required a strong degree of discipline
May 5, 2021 in Investments -
Kombo King turns up the heat
The Vumela Fund, established by FNB Business and Edge Growth, has announced a new investment in Kombo King (Pty) Ltd, a proudly South African kitchen equipment supplier focusing on the fried food niche market. Co-founder and Chairman KK Combi says: “On a trip to Beijing, I realised the importance of speed to service customers on
May 5, 2021 in Investments -
MTN Nigeria issues 100 billion naira bond
ABUJA, Nigeria – MTN Nigeria has issued a 100 billion naira fixed rate bond in the first quarter of 2021, due in seven years, under a 200 billion naira bond programme to refinance existing debt and support network expansion. Image: Reuters/Afolabi Sotunde Yields in Nigeria are at historic lows after the central bank cut rates
May 5, 2021 in Investments -
Russia, Iran in focus as Flydubai plans new routes
Low-cost carrier announces launch of additional flights as global network grows to more than 80 cities Source link
May 5, 2021 in Business News -
Racing into the future with Richard Mille
A driving force behind the world’s most cutting-edge watch brand, Peter Harrison, CEO of Richard Mille EMEA, leads a company renowned for pushing horological boundaries to their technical extremes. With a new partnership with Team UAE Emirates, Harrison tells CEO Middle East about luxury leadership, brand vision and limitless ambition Source link
May 4, 2021 in Business News -
Italtile CEO Jan Potgieter to retire, Lance Foxcroft named successor
JSE-listed tile and bathroomware manufacturing and retail group Italtile has announced that its chief executive officer, Jan Potgieter, will be retiring on 31 December 2021 and emigrating to Europe. He will however remain on the Italtile board as a non-executive director. Jan Potgieter Lance Foxcroft, currently CEO of Ceramic Industries, a subsidiary of Italtile Ltd,
May 4, 2021 in Manufacturing -
Better growth prospects and policy support bode well for markets
It’s been a year since the pandemic and the events that followed took the world into unchartered territory, calling on humankind’s innate ability to adapt to survive. The loss of life has been painful, and the loss of livelihoods has been devastating. The events that followed have also been remarkable. Reza Hendrickse, portfolio manager, PPS
May 4, 2021 in Investments -
Absa PMI expands at slower pace in April
South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded at a slower pace in April as growth in business activity and new sales orders slowed, a survey showed on Monday. The index, a gauge of manufacturing activity in Africa’s most industrialised economy, fell to 56.2 points in April from 57.4 points in March, remaining above
May 4, 2021 in Manufacturing -
Mansour bin Madi appointed as CEO of Saudi Arabia's Real Estate Development Fund
The new CEO said the kingdom’s real estate finance sector has been in a progressive phase since the announcement of Vision 2030 Source link
May 3, 2021 in Business News -
How manufacturers can unleash their digital marketplace superpower
Digital marketplaces such as Amazon, Alibaba, click and collect models, and food delivery ecosystems have rapidly changed consumer behaviour, and increased the demand for convenience and immediate gratification. ©Diana Kadreva via 123RF They have become an epicentre of brand exposure and experience, capturing greater consumer attention, as is evident in our recent Accenture Interactive survey
May 3, 2021 in Manufacturing -
Why companies need to increase ESG alignment to resist future shocks
Why companies need to increase ESG alignment to resist future shocks Source link
May 3, 2021 in Business News -
Oman's first quarter deficit rises to 751.4 million rials
Public revenue was 1.82 billion rials at the end of March, down 30.5 percent compared with a year ago Source link
May 2, 2021 in Business News -
The changing nature of wealth management
Vipul Kapur, head of Private Banking at Mashreq Bank, examines how the pandemic has affected the industry and adjusted client expectations Source link
May 1, 2021 in Business News -
India exports more food to Gulf while facing coronavirus lockdowns at home
Indian exporters to the Gulf region, however, are concerned over future orders from the region if the existing ban on flights to countries like the UAE are further extended Source link
May 1, 2021 in Business News -
Seychelles pays $1 to acquire Etihad's stake in its flag carrier
Etihad accepted a 79% haircut on $72.3m of debt owed by Air Seychelles, according to official Source link
April 30, 2021 in Business News -
Multi-million rand investment to advance manufacturing education and research
The Toyota Wessels Institute for Manufacturing Studies (TWIMS) has received an R18m boost courtesy of Illovo Africa, Metair, TFG and vehicle manufacturer, Toyota SA Motors (TSAM). TWIMS, which as an academic partnership with the Gordon Institute of Business Science (GIBS), is South Africa’s only manufacturing-focused business school and research institution. The multi-year investment will fund
April 30, 2021 in Manufacturing -
Growthpoint Investec African Properties undergoes rebrand
Growthpoint Investec African Properties Limited (GIAP) has been rebranded to Lango Real Estate Limited (Lango). Launched in 2018, Lango’s assets, which it owns and manages, include several prime office and retail properties in Ghana, Nigeria and Zambia, with an aggregate value in excess of $600m. Lango, meaning ‘entry point’ or ‘gateway’ in Swahili, reflects Lango’s
April 30, 2021 in Investments -
Why renewable energy won’t end energy poverty in Zimbabwe
Image source: Gallo/Getty The country has huge and diverse renewable energy potential. Its sustainable energy portfolio could include solar, hydro, biomass and, to a limited extent, wind and geothermal. Zimbabwe put forward a National Renewable Energy Policy in 2019. The policy aims to have 16.5% of the total generation capacity (excluding large hydro) from renewable
April 30, 2021 in Energy -
Kuwait's Agility agrees $4.1bn deal to sell freight forwarding business
Agility chief says DSV Panalpina deal is one of the largest private M&A deals made in the GCC to date Source link
April 30, 2021 in Business News -
Doubling down on plastic bag producers
In the past, retailers provided plastic carrier bags to consumers for free and incorporated the cost into the price of goods. But studies conducted by the former Department of Environmental Affairs and Tourism in 2002 shed light on a serious plastic waste problem, noting that, unlike other waste types, plastic had no organisation dedicated to
April 29, 2021 in Manufacturing -
Exxaro’s move to renewable a sign of progress
Exxaro Resources chief executive, Mxolisi Mgojo, announced in February that his company will join a growing list of international miners divesting from thermal coal assets, reinforcing the global pressure for mining houses to reduce exposure to fossil fuels is gaining momentum. Jon Duncan, head, responsible investment, Old Mutual He said that Exxaro, which exports coal
April 29, 2021 in Investments -
SA’s first Reit sustainability-linked ESG bond launched
The Investec Property Fund (IPF) recently issued a three-year, sustainability-linked bond of R800m – a first for the local real estate investment trust (Reit) sector. In line with the bond’s green credentials, the fund will benefit from a reduction in the coupon of 10 basis points from its initial 190 basis points above the three-month
April 29, 2021 in Property & Real Estate -
Why businesses must do more to tackle poor leadership
Andy Fieldhouse, author of Getting Teamwork Right, and Sara Boueri, HR, Ras Al Khaimah Tourism Development Authority, discuss issue and how to address problem Source link
April 29, 2021 in Business News -
Property investment – here are some possible tax implications to note
According to Pearl Scheltema, CEO of Fitzanne Estates, while taxes and property go hand in hand, there are fortunately some very real benefits to be had if you understand the property tax system and how best to manage your investment. “Having a clear understanding of the costs and benefits involved in buying a property is
April 29, 2021 in Property & Real Estate -
Saudi Arabia in talks to sell Aramco stake to global energy firm
The crown prince is increasingly leaning on Aramco, the world’s biggest oil company, to help finance his plan to transform and diversify the Saudi economy Source link
April 28, 2021 in Business News -
DTIC and Proudly South African launch local online furniture portal
The platform, according to Proudly South African, is in response to the growing demand for locally-manufactured furniture items and to make the sourcing of genuine local producers easier. The site is currently being populated with qualifying local furniture companies and will be a listing where retailers, architects, property developers and consumers can find what they
April 28, 2021 in Manufacturing -
A Living Wage highlights plight of garment workers
The project has been brought to life by Andrew Morgan, director of acclaimed documentary True Cost, and Eco-Age founder Livia Firth. The fourth and latest addition to the Fashionscapes investigative short documentary series available on Eco-Age TV, sees Morgan and Firth follow the story of the activists and change-makers calling time on the poverty wages
April 28, 2021 in Manufacturing -
African sovereign wealth funds double down on governance to power growth and prosperity
A new study covering 11 African countries shows that most have a sovereign wealth fund or are in the process of establishing one, and are seeking to attract private capital from international investors to meet the continent’s unique set of challenges: a shortage of domestic and international investment, a widespread lack of trust in institutions,
April 28, 2021 in Investments -
Residential property remains a sound option for investment
The Covid-19 pandemic and lockdown has prompted many people to reassess their priorities and make changes and life choices that reflect a more balanced and, in some cases, even a more cost-effective lifestyle. This shift is particularly evident in the residential property market, with numerous transactions since the hard lockdown mirroring this trend. Dr Andrew
April 28, 2021 in Property & Real Estate -
Strong and stable: First South African invests in the IWG franchise model
Collaboration with a market-leading company, the promise of a stable market investment and strong chance of ROI and cash flow are just some of the reasons why franchise partners all over the world are shaking hands on deals with IWG. South African investors are taking notice and the first franchise deal has been signed in
April 28, 2021 in Property & Real Estate -
Dubai's Drake & Scull announces $102m contract wins amid continuing company restructure
Contractor also revealed it is bidding for several projects, worth $476.5m in Iraq and Kuwait Source link
April 28, 2021 in Business News -
Hotel occupancy in the Middle East for March down 26% on pre-coronavirus levels
UAE ranked second in absolute occupancy, according to the research from STR, sitting 23.9% below the 2019 benchmark Source link
April 27, 2021 in Business News -
How the UAE aims to protect its food sector from the threat of global warming
Emirates Food Security Council approves the creation of The Climate Change Impact System Source link
April 26, 2021 in Business News -
L’Oréal Paris to cut 50% of carbon footprint by 2030
Beauty brand L’Oréal Paris has committed to reducing its carbon footprint by 50% per finished product, and will contribute €10m to environmental projects whose beneficiaries are communities of women around the world. Credit: L’Oréal Group These announcements form part of the brand’s ‘L’Oréal For the Future, Because our Planet is Worth it’ sustainability programme revealed
April 26, 2021 in Manufacturing -
Qatar petroleum plans $10 billion bond sale for gas expansion
The state producer is inviting banks to arrange what would be its first dollar bonds and is seeking between $7 billion and $10 billion of five, 10- and 30-year notes Source link
April 26, 2021 in Business News -
Reits devise new strategies to combat challenging real estate market
Real estate investment trusts, commonly known as Reits, are facing increasing pressure amid the continued Covid-19 pandemic. Simply put, Reits are companies that own, operate or finance income-producing properties. Since their inception in the US in 1960, Reits have taken off globally and all listed Reits are required to conform to international standards to ensure
April 26, 2021 in Property & Real Estate -
Saudi state miner Maaden said to name third CEO in 13 months
Abdulaziz Al Harbi, a senior vice president at Saudi Arabian Mining Co., will replace Mosaed Al Ohali as acting CEO until further notice Source link
April 25, 2021 in Business News -
Airlines looking at 'worst possible scenario' from extended UK-UAE flight ban
Aviation expert warns any plan to keep the UAE on the UK’s red list for air travel is ‘not a reasonable approach’ Source link
April 25, 2021 in Business News -
Saudi Arabia could see Virgin Hyperloop commercial pilot by 2024, says CEO
Josh Giegel says Saudi Arabia is a ‘big market’ for futuristic transport ambitions Source link
April 24, 2021 in Business News -
Saudi Arabia tempts Hollywood producers with historic beauty of AlUla
Royal Commission for AlUla creates Film AlUla department to support and facilitate filming in the tourist destination Source link
April 23, 2021 in Business News -
Kutay Saritosun on greening the global textile value chain
Kutay Saritosun is a textile engineer and sustainability aficionado dedicated to educating companies on producing more environmentally responsible products and contributing positively towards a more sustainable textile value chain. Kutay Saritosun As the director of fashion brands at Bluesign Technologies, he works closely with designers, manufacturers and brands across the globe, equipping them with the
April 23, 2021 in Manufacturing -
UAE suspends flights from India as cases hit record levels
The National Emergency Crisis and Disaster Management Authority and the General Authority of Civil Aviation announced the suspension of all flights Source link
April 23, 2021 in Business News -
Oman to ban arrivals from India, Pakistan and Bangladesh as part of latest Covid-19 measures
Children under 12 will also be prohibited from entering commercial complexes and other trade outlets Source link
April 22, 2021 in Business News -
Middle East air travel demand in 2021 forecast to be 67% below pre-Covid levels
International Air Transport Association says the region is likely to see the slowest demand rebound of any in the world this year Source link
April 21, 2021 in Business News -
Zimbabwe approves MoU for nuclear energy cooperation with Russia
Zimbabwe has approved a memorandum of understanding (MoU) with Russia’s State Atomic Energy Corporation (Rosatom) aimed at building nuclear energy capacity in the African country to mitigate its energy crisis. Lake Kariba An alternate source of energy will reduce Zimbabwe’s dependence on Lake Kariba and hydropower. The country only produced 650MW against a national demand
April 21, 2021 in Energy -
Nairobi ranked top city in Africa for innovation
The report notes that the ability of African cities to emerge resilient from the pandemic will depend on their ability to innovate, providing long-term social solutions to their residents, attracting funding and generating new demand for space. The research interrogated over 100 data points applied to 29 capital cities from a long list of over
April 21, 2021 in Property & Real Estate -
key focus areas for 2021
Emerging from the economic challenges of 2020, Craig Mott, Cape Town regional sales manager for the Rawson Property Group, says now is the time for commercial property landlords to regroup, reassess the situation and, importantly, keep a very attentive hand on the tiller of investments. “The pandemic has been a big wake-up call to the
April 21, 2021 in Property & Real Estate -
Israel eyes AgriTech opportunities in the UAE, says head of mission
Eitan Na’eh, the head of mission at the Israeli embassy in Abu Dhabi, said that Israel expects a large influx of Emirati visitors in the coming months Source link
April 21, 2021 in Business News -
#BehindTheBrandManager: Sibongile Sibanda of Liberty
Sibongile Sibanda, Liberty’s group executive for brand and integrated marketing, believes that the financial services environment is an exciting space for communicators because it exists in highly emotive territory. She chats more about how trust in a well-established brand can be enhanced by technology, and that 2020 was a year of great learning. Sibongile Sibanda,
April 21, 2021 in Investments -
UAE pharma major eyes return to profitability in 2021 after sales rebound
Julphar sees near-doubling in sales during 2020 as the company rebounded from a temporary suspension in some GCC markets Source link
April 20, 2021 in Business News -
Recovery perceived in industrial, retail markets
In this report, we discuss the first quarter 2021 results of the rental market component of our FNB Commercial Property Broker Survey which surveys a sample of commercial property brokers in and around the six major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and
April 20, 2021 in Property & Real Estate -
Capital funding and the fund raising basics
Startup and entrepreneurs across the world are back at their drawing boards as they navigate towards a post-Covid world. There are still many who are curious as to what is needed to start a business and how to go about it. In the coming weeks, successful entrepreneurs and experts will unpack some basics of funding,
April 20, 2021 in Venture Capital -
Greenpeace and Western anti-Africa energy groups take the wrong approach
If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and it has done a masterful job of bringing environmental concerns
April 19, 2021 in Energy -
Will gold stand up as a safe investment bet in the future?
Gold hit a low of $1,469 in mid-March last year before appreciating to a value of around $2,000 an ounce in August. This was the result of two catalysts. Photo supplied Firstly, it was a reactionary move, because the rest of the market was being bought out. We saw stocks – specifically Fang (Facebook, Apple,
April 19, 2021 in Investments -
Solar and wind power could break the Grand Ethiopian Renaissance Dam deadlock
Ethiopian protestors march down 42nd Street in New York during a “It’s my Dam” protest on March 11, 2021. Photo by TIMOTHY A. CLARY/AFP via Getty Images Ethiopia needs Gerds’s electricity to lift millions of citizens out of poverty. But Egypt is concerned by Gerd’s consequences for its agriculture, which depends completely on Nile water.
April 19, 2021 in Energy -
Making marketing meaningful during Ramadan
Making marketing meaningful during Ramadan Source link
April 18, 2021 in Business News -
Saudi unemployment rate falls as more women enter workforce
Official figures show that unemployment declined to 12.6% in Q4 2020, down from 14.9% in the previous quarter Source link
April 18, 2021 in Business News -
Gulf bidder likely to buy Meghan Markle dressmaker Ralph & Russo
A number of Arab bidders are said to be circling the purchase of Ralph & Russo, the luxury British dressmaker Source link
April 17, 2021 in Business News -
Tristar confirms withdrawal from planned IPO in Dubai
Logistics firm Tristar Transport says board and shareholders believe greater returns can be realised without IPO Source link
April 16, 2021 in Business News -
Dubai's rent freeze draft law will add stability to market, say experts
New law has the potential to provide landlords with more clarity on future income and, in turn, support investor confidence Source link
April 16, 2021 in Business News -
The business case for SOC-as-a-Service
A pay-as-you-go, subscription-based model for managed threat detection and response can improve your organisation’s security posture, reduce cyber risk and costs, and enhance business agility, says Sherif Shaltout, Vice President Operations, Cysiv Middle East & Africa Source link
April 15, 2021 in Business News -
Dr Andrew Golding of the Pam Golding Property group
Established in 1976 by the late property and real estate icon Pam Golding, the Pam Golding Property group has since achieved world-class status, covering the full spectrum of the real estate market in Sub-Saharan Africa and internationally. According to its current brand custodian, Dr Andrew Golding, who also serves as its chief executive, the core
April 15, 2021 in Property & Real Estate -
SA-made Kombo King set for retail rollout following Vumela investment
Entrepreneurs Zitulele KK Combi and Ari Jacobson have launched their patented deep-fryer technology Kombo King to South African retailers, after securing investment from the Vumela Fund, established by FNB and Edge Growth. Already introduced at Pick n Pay, King Pie and Engen’s new convenience concept store, the hygienic, ventless fryer product is now set for
April 15, 2021 in Manufacturing -
Concrete, cement additive suppliers facing severe pressure as demand soars
According to Norman Seymore, CEO of the Chryso Southern Africa Group and vice-president of Chryso internationally, local concrete and cement additive suppliers are under severe production pressures due to the global shortage of many primary chemical industry raw materials essential to produce concrete and cement admixtures. This as demand soars in the revived post-Covid-19 environment
April 15, 2021 in Manufacturing -
Dubai developer bullish over emirate's hospitality industry
SOL Properties is set to launch two new hotels in Dubai in the next 12 months Source link
April 15, 2021 in Business News -
UAE coffee brand expands into Saudi Arabia, first branch opens July 2021
Emirati coffee reported a 3,135 percent spike in online sales during the pandemic last year Source link
April 14, 2021 in Business News -
6 myths about real estate auctions debunked
According to lead auctioneer and director of High Street Auctions Joff van Reenen, even seasoned investors sometimes still believe old myths about auctions. “The fact is that auctions are the most transparent way of buying or selling anything, including real estate, and the only way of ascertaining true market value, but people often find auctions
April 14, 2021 in Property & Real Estate -
UAE investment firm GII buys real estate project in upmarket London
Gulf Islamic Investments announces it has acquired a residential development situated in London’s sought-after West End Source link
April 13, 2021 in Business News -
Unprecedented activity in housing market following lockdown
Since South Africa emerged from hard lockdown in June 2020, the local property market has been seeing unprecedented levels of activity driven by pent-up demand, record-low interest rates, and a change in lifestyle requirements. According to Lightstone Property data, a total of 54,955 bond registrations were recorded at the Deeds Office over the period of
April 13, 2021 in Property & Real Estate -
Investing in property and creating wealth using community stokvels
There is an old proverb that says, “Smooth seas do not make skilful sailors”. It is through the storms of life that one can either decide to work hard and stick the course or lose hope and throw in the towel. Rough seas teach us that we can endure, develop grit and achieve when we
April 13, 2021 in Property & Real Estate -
Holy month of Ramadan to start in the UAE on Tuesday
Moon-sighting committee makes announcement after its meeting after Maghreb prayers Source link
April 13, 2021 in Business News -
Saudis meet oil requests from most in Asia before ramping up
Led by Saudi Arabia, the OPEC and its allies will restore from May some of the supply that was cut back as the pandemic ravaged demand Source link
April 12, 2021 in Business News -
6 asset management trends to look out for
The asset management landscape continues to evolve with certain key trends – existing and new – driving the adaption of models and strategies. 1. More money moves to ESG strategies One of the most significant changes to impact the asset management industry is environmental, social and governance (ESG) compliance. While it may have provided players
April 12, 2021 in Investments -
Kenyan startup Tanda set for regional expansion after funding boost
Kenyan agency banking startup Tanda is expanding its operations regionally after securing funding from early-stage African tech investor Havaic, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors. Credit: Tanda Tanda has also secured key strategic partnerships with Mastercard and Interswitch which will further accelerate its growth. The company’s expansion comes on the back
April 12, 2021 in Venture Capital -
Property investment 101: practical steps to consider
Last year’s five consecutive repo rate cuts, which dropped the prime lending rate to a record low of 7%, has resulted in an increase in buyer activity in the property market, especially among first-home buyers. “While the going is good at the moment, it is worth remembering that property is a long game and there
April 12, 2021 in Property & Real Estate -
Yes, manufacturing really is leaving China – and authorities are scrambling to slow down the exodus
The economic powerhouse faces an unprecedented set of challenges in a post-coronavirus era Source link
April 11, 2021 in Business News -
Crown Prince hails Dubai's Covid resilience as trade tops AED1trn in 2020
Sheikh Hamdan says emirate has set an ‘example for the world’ for dealing with the economic impact of the coronavirus pandemic Source link
April 11, 2021 in Business News -
UAE reveals plan to send first female Arab astronaut into space
Nora AlMatrooshi is named in second batch of the UAE’s Astronaut Programme as country aims to build on Hope Probe success Source link
April 10, 2021 in Business News -
Scotland lifts ban on direct flights from the UAE
UK Transport Secretary Grant Shapps says Brits can start thinking about booking foreign holidays again this summer Source link
April 9, 2021 in Business News -
One year on: 3 ways in which Covid-19 has impacted the SA venture capital space
It’s been just over a year since South Africa went into lockdown. At the time, there was still hope that the country could isolate and contain the disease, allowing economic activity to continue as normal. Few could’ve forecast the toll the following months would take on our lives and livelihoods. Philani Sangweni Businesses in all
April 9, 2021 in Venture Capital -
4 key lessons for future-ready manufacturing
The persistent nature of Covid-19’s disruption on the manufacturing industry highlights a need, and an opportunity, to rethink business operations to be more adaptable to market dynamics. Modern-day demand planning needs more sensitivity to what customers are going through, encouraging sales and operations planning processes to evolve in response. This explains why more and more
April 9, 2021 in Manufacturing -
The Business Exchange launches unique dollar-based offshore investment opportunity in Mauritius
Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity Properties, the largest and most established real estate company in Mauritius, has launched an exciting new opportunity, offering investors the unique chance to own offshore property in Mauritius, a dollar-based country. At a very accessible price point, 117 sectional title serviced office space
April 9, 2021 in Property & Real Estate -
Saudi Arabia reveals new push to become global renewables hub
World’s biggest oil exporter announces new agreements as it seeks to commit to a renewable energy future Source link
April 9, 2021 in Business News -
Saudi's historic AlUla seeks investors for 15-year transformation
‘The Journey Through Time Masterplan’ was unveiled by Crown Prince Mohammed bin Salman, chairman of the Royal Commission for AlUla, on Thursday Source link
April 8, 2021 in Business News -
Co-CEOs Luyt and Harris to manage JLL Sub-Saharan African business
Emma Luyt and Peter Harris have been appointed co-CEOs of JLL’s Sub-Saharan African (SSA) business, managing the real estate investment and advisory firm’s growth in the region. They will report to JLL MEA CEO Thierry Delvaux as he continues to oversee the region. Peter Harris and Emma Luyt, co-CEOs, JLL Sub-Saharan Africa Luyt has been
April 8, 2021 in Property & Real Estate -
Why correct handling, storage, transportation of plastic pipes is vital
While the end-users of pipes produced by members of the Southern African Plastic Pipe Manufacturers Association (SAPPMA) may be confident in their quality as SANS, ISO and SABS have high standards and strict criteria that need to be met, what about the way in which these pipes are stored, handled and transported once they leave
April 8, 2021 in Manufacturing -
High levels of financial pressure-related selling perceived in commercial property sector
We continue with the first quarter 2021 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in the six major metros of South Africa, i.e., City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, eThekwini, City of Cape Town and Nelson Mandela Bay. Image source: Gallo/Getty Focusing on the
April 8, 2021 in Property & Real Estate -
The cryptocurrency revolution. What’s the outlook for 2021?
The Bitcoin price has surged up to $60,000. There are a few influencing factors that have contributed to this phenomenal rise in the cryptocurrency’s fortunes. Fred Razak, chief trading strategist, CMTrading The accumulation of three stimulus packages coming out of the United States has had an unintentional negative effect on the long-term value of the
April 8, 2021 in Investments -
World health is at a critical junction
On World Health Day, it’s time to look at how to build a fairer, healthier world as the globe recovers from coronavirus Source link
April 8, 2021 in Business News -
Don’t just tell them. Show them how attractive you are
For products wanting to strut their stuff at retail, glitz, glamour, and striking colours are the key features of captivating labels that attract discerning shoppers and get products moving off the shelf. As discretionary spending diminishes and awareness of the disproportionate effect on different communities and economies grows, the economic fallout calls for brands to
April 7, 2021 in Manufacturing -
UAE's Barakah Nuclear Power Plant launch is 'significant example of international cooperation', says IEF
The 1,400MW Unit 1 is now providing constant, reliable, and sustainable electricity around the clock, with three further units to begin generating in the coming years Source link
April 7, 2021 in Business News -
FNB records 46% uptick in secondary property purchases in Q4 2020
FNB has reported a 46% increase in the total number of buyers who purchased secondary properties in the fourth quarter of 2020 compared to the fourth quarter of 2019. 20.6% of the purchases made for properties priced at less than R500,000 and 24% for properties priced between R500,000 and R1m. FNB Private Bank lending chief
April 7, 2021 in Property & Real Estate -
UAE's $8.2 billion strategy approval is a 'game-changer' for start-ups & SMEs
Emirates Development Bank Strategy provides much-needed support for the country’s small and medium businesses, especially women-led businesses, which have been struggling since the pandemic Source link
April 6, 2021 in Business News -
UAE businesses and start-ups to benefit from $8.2bn strategy approval
Emirates Development Bank Strategy launched to support the recently announced ‘Operation 300bn’ Source link
April 6, 2021 in Business News -
Nasdaq Dubai welcomes listing of $2.5bn sustainability sukuk
Islamic Development Bank’s latest listing takes sukuk total on Nasdaq Dubai to over $17bn Source link
April 5, 2021 in Business News -
THE One takes top spot as UAE's best place to work
DHL, Chalhoub Group, Five Hotels and Hilton make up top five in annual listing Source link
April 4, 2021 in Business News -
UAE's Higher Colleges of Technology: A model of sustainable leadership
Dr Abdullatif Al Shamsi, president and CEO of the Higher Colleges of Technology, is guiding the UAE’s largest applied higher education institution towards its ambitious sustainability goals Source link
April 4, 2021 in Business News -
How Dubai seeks to become major player in global creative industry
Ruler Sheikh Mohammed launches plan to increase the number creative professionals in Dubai from 70,000 to 150,000 over five years Source link
April 3, 2021 in Business News -
Buying digital land has real benefits
Dubai-based Simon Hudson has revealed his tech start-up Cheeze is currently building an art gallery for minted photographs Source link
April 3, 2021 in Business News -
Could the UAE, Bahrain be back on the UK's safe travel list soon?
British PM Boris Johnson is expected to announce traffic light system to re-open foreign travel next week Source link
April 2, 2021 in Business News -
GCC investors continue to eye property in UK
Brexit has not dampened the region’s investors’ appetite for property investments in London following stamp duty tax break Source link
April 1, 2021 in Business News -
Erratic heritage application processes costs billions in lost investment
Both private and public sector investors and built environment professionals are extremely frustrated by the drawn-out and increasingly vague processes being encountered with heritage applications. This is the finding of a dipstick survey conducted by the Western Cape Property Development Forum (WCPDF). While the survey was a response to numerous complaints received by the WCPDF,
April 1, 2021 in Property & Real Estate -
Accor opens internationally-branded hotel in Bridgwater
Accor has opened one of the largest internationally-branded hotels in the Somerset town of Bridgwater; the 144-room ibis Bridgwater. Operated by Cycas Hospitality as part of a management agreement with Zeal Hotels and Sandgate Investors, the new-build property is the first ibis hotel in the UK to showcase the brand’s new Plaza-design throughout. Image Supplied.
April 1, 2021 in Property & Real Estate -
Oman students return to remote learning amid heightened Covid-19 restrictions
All official and private sports activities in all governorates have also been suspended from April 1 Source link
April 1, 2021 in Business News -
Why investors are increasingly choosing to make the UAE home
Positive reforms and regulations are attracting people in numbers to stay for longer Source link
March 31, 2021 in Business News -
Empowering manufacturers to act more like retailers
Greg Gatherer, Liferay Africa Under the current circumstances especially, standing out on price and product is incredibly difficult for manufacturers. The best option, therefore, is to compete on customer experience. That may seem foreign to many manufacturers, who are used to operating on a traditional B2B model, but by operating more like retailers, they can
March 31, 2021 in Manufacturing -
Abu Dhabi's Murban crude oil trading is 'positive' for the market: IEF chief economist
The launch has the potential to help ADNOC cement its position as a key oil producer and support its ambitions to expand crude capacity to 5 million barrels per day by 2030 Source link
March 30, 2021 in Business News -
State, business partnership vital for post-Covid recovery
The state and the private sector have important roles to play in South Africa’s post-Covid recovery, but neither can be relied upon solely to pull the country out of its economic quagmire without the other. A panel at the South African Venture Capital Association (Savca) explored in some depth the ways in which the country
March 30, 2021 in Venture Capital -
LNG production in Mozambique and the political risk of Islamic militancy
The Cabo Delgado province in the northernmost part of the long Mozambican seaboard is now home to Africa’s three largest liquefied natural gas (LNG) projects; these projects have attracted many of the world’s major multinational energy companies, accompanied by massive investments. Rovuma LNG project There can be little doubt that the discovery of rich reserves
March 30, 2021 in Investments -
Azizi Developments delivers Mina on Palm Jumeirah
The developer is well on its way to deliver over 10,000 units this year, with its flagship luxury development on the east crescent of the Palm already its third handover in the first quarter of 2021 Source link
March 30, 2021 in Business News -
Patel calls for partnerships in manufacturing sector
Trade, Industry and Competition Minister Ebrahim Patel says South Africa must rebuild its manufacturing strength to be able to fully benefit from the opportunities in the BRICS markets. Getty “This needs to be done through deeper partnerships and careful use of both demand and supply-side measures,” Patel said. Patel was speaking at the BRICS Business
March 30, 2021 in Manufacturing -
Dubai proposes regulation of security tokens amid fintech boom
Dubai Financial Services Authority (DFSA) puts out proposals for public consultation for a period of 30 days Source link
March 29, 2021 in Business News -
Arabian Business Money Forum speakers announced
Wealth management experts from across the UAE will gather at the W Hotel, Dubai, to share their insights on topics as diverse as stock market conditions to NFTs Source link
March 29, 2021 in Business News -
Saudi banks set to outperform their regional peers in 2021-2022
Roman Rybalkin, CFA, Associate Director at S&P Global Ratings, says strong capitalisation, conservative regulation and government stimulus will support the banking sector in the kingdom Source link
March 28, 2021 in Business News -
Gulf investors poised to snap up Britain's new $687m sovereign sukuk
UK government’s second sukuk offering is more than double the size of the first issuance in 2014 Source link
March 27, 2021 in Business News -
Revealed: the impact of Ramadan 2021 on consumers' e-commerce habits
Expected pick up in home, groceries and fashion categories during the Holy month Source link
March 27, 2021 in Business News -
Plans revealed to build luxury Dubailand outdoor shopping destination
Vincitore Realty has launched The Promenade project which will be located next to Miracle Gardens Source link
March 26, 2021 in Business News -
Mozambican Competition Regulatory Authority now operational
Almost seven years after the promulgation of the competition legislation, the Competition Regulatory Authority (CRA) in Mozambique became operational in January 2021, in a move that has further highlighted the growing focus on competition law and merger control in countries across the region. Municipal Market of MaputoImage source: lucianf from Bucharest, Romania, CC BY 2.0
March 26, 2021 in Investments -
SARB has missed the mark, interest rate stimulus vital for economy
The Reserve Bank has completely missed the mark with their decision to retain the repo rate at 3.5% (home loan base rate at 7%). The country and economy desperately need a stimulus and, while probably expected, it is disappointing that the bank has not taken the opportunity to provide some impetus. Samuel Seeff, chairman of
March 26, 2021 in Property & Real Estate -
Why India is banking on health diplomacy to grow African footprint
Workers at India’s biggest syringe manufacturer ramp up production in September 2020 in race to meet Covid-19 vaccine-driven demand. Photo by SAJJAD HUSSAIN/AFP via Getty Images While it plays catch-up with China’s commanding presence in Africa, India has signed numerous new bilateral agreements. It has also strengthened its diplomatic presence and is actively furthering trade,
March 26, 2021 in Investments -
F&B summit to take place in Dubai after 'most challenging year'
F&B Stakeholders Summit will be held as part of The Hotel Show at the Dubai World Trade Centre Source link
March 25, 2021 in Business News -
Predictable outcome as interest rate holds steady
The Monetary Policy Committee (MPC) has again announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%. This was a predictable outcome and, unless things take an unexcepted turn, interest rates are likely to remain steady for the remainder of the year. Adrian Goslett, regional
March 25, 2021 in Property & Real Estate -
Magda Wierzycka to step down as Sygnia CEO
Outspoken founder of Sygnia, Magda Wierzyka, will be handing over the reins of the multi-billion rand investment house to joint chief executive officer (CEO), David Hufton on 1 June 2021. Magda Wierzycka Wierzycka will remain involved in the company as founder and non-executive director and, together with the executive management team and the board of
March 25, 2021 in Investments -
Exeo Capital buys stake in Wellness Warehouse holding company
Pan-African alternative investment firm, Exeo Capital, has announced an investment into Maia Group through the firm’s food and agribusiness fund, Agri-Vie Fund II. Image credit: Lifestyle on Kloof The Maia Group, established by Simon Alston and Stuart Sinclair, is a holding company focused on consumer health businesses and currently includes Wellness Warehouse and True Health
March 25, 2021 in Investments -
Majority of UAE residents believe in the importance of getting vaccinated
Residents trust Sinopharm the most among vaccines available in the country, according to YouGov survey Source link
March 25, 2021 in Business News -
SA’s post-Covid market risk raises red flags
A study to analyse global markets in the aftermath of Covid-19, shows that South Africa has raised red flags, along with the US, Brazil, Turkey, Russia, and Central and Southern Europe. Whereas Asia, the UK and Northern Europe pose lower risk levels. Tina Fordham, partner, Avonhurst The research, Vax Populi, uses OpenSource data to compile
March 25, 2021 in Investments -
Commercial property shows recovery, not back to pre-lockdown levels
The industrial property market recorded the highest activity rating to the tune of 5.44 on a scale of 1 to 10, the retail property market 4.18, while the beleaguered office property market was the weakest with a lowly 3.39 rating. In all three markets’ cases, the activity ratings in the first quarter represented a further
March 25, 2021 in Property & Real Estate -
Abu Dhabi's Mubadala hiring for new ESG unit
Wealth fund hiring two senior bankers to help evaluate ESG-related risks and opportunities for existing and new investments Source link
March 24, 2021 in Business News -
Top execs give their verdict on the UAE's $81.5bn 'industrial revolution'
Leading bosses hail 10-year strategy which aims to empower the industrial sector to become the driving force of the economy Source link
March 24, 2021 in Business News -
Remitano makes money transfer between South Africa and other countries easier and faster with new ‘cash-out’ feature
Use the ‘cash-out quickly’ feature without KYC In its effort to make this amazing system available to everyone, users are not required to go through the hassle of completing their KYC before having access to the cash-out feature. A new user can simply create a Remitano account and immediately send money from South Africa to
March 23, 2021 in Investments -
Residential property boom predicted to continue into 2021
According to Shaun Rademeyer, CEO of MultiNet Home Loans, the notion of pent-up demand driving the current residential property boom has long been thrown out the window, with everyone now asking how long this trend will continue. He believes that we will continue to see this boom throughout the 2021 financial year, saying that MultiNet
March 23, 2021 in Property & Real Estate -
Mubadala, Abu Dhabi Catalyst Partners invest $150m in social media platform Telegram
Telegram has become one of the 10 most downloaded apps in the world with over 500 million monthly active users Source link
March 23, 2021 in Business News -
3 shifts in the world of investment
The investment world looks very different today than even a year ago, which requires investors to move away from preconceived notions and adapt to the new reality. Here are three changes to watch out for. Robin Parkbrook, fund manager and co-head of Asian equity alternative investments, Schroders. 1. Structural deflation is likely to persist –
March 23, 2021 in Investments -
Abu Dhabi media hub privatises post-production facilities
Twofour54 has announced the privatisation of post-production facilities in a deal with Genomedia Studios Source link
March 22, 2021 in Business News -
Mediclinic City Hospital performs the UAE's first paediatric robotic-assisted pyeloplasty surgeries
Minimally invasive robotic surgery using the Da Vinci Robotic system helps restore normal renal function in two young children aged 10 and four Source link
March 22, 2021 in Business News -
Working nine-to-five striking wrong note
Why the lasting legacy of Covid will be a complete transformation of the working day, according to Nidal Abou-Ltaif, president of Avaya International Source link
March 21, 2021 in Business News -
Dubai says non-urgent surgeries to resume as Covid pressure eases
Dubai Health Authority has issued a circular to announce the resumption of elective and non-urgent surgeries from Sunday Source link
March 20, 2021 in Business News -
Saudia signs $3bn financing deal to expand aircraft fleet
Saudi Arabian Airlines Corporation inks agreement with six local banks to finance new planes to mid-2024 Source link
March 20, 2021 in Business News -
Saudi Arabia confirms drone attack on Riyadh refinery
Ministry of Energy says attack resulted in fire but no injuries or deaths while supply was unaffected Source link
March 19, 2021 in Business News -
Business lessons from Beethoven
“For the last three years my hearing has grown steadily weaker … in the theatre I have to get very close to the orchestra to understand the performers, and … from a distance I do not hear the high notes of the instruments and the singers’ voices.” These were the words of Ludwig van Beethoven
March 19, 2021 in Investments -
Only 51% of estate agents met their sales targets in 2020
According to a Lightstone Property survey, only 51% of estate agents met their sales targets in 2020, down from 69% in 2019, as Covid-19 took its toll. Many, however, expect 2021 to be significantly better, with 81% believing they would meet their sales targets this year. While sales were down last year, Hayley Ivins-Downes, head
March 19, 2021 in Property & Real Estate -
UAE economy forecast to 'fully recover' in 2022 with 3.5% GDP growth
New UAE Central Bank report says economy will be buoyed by increasing fiscal spending, a pick-up in credit and employment and Expo 2020 Dubai Source link
March 19, 2021 in Business News -
How interest rate cuts grew the demand for property by 35%
The surprise turnaround of the residential property market is possibly the greatest economic highlight of the past year. Carl Coetzee, CEO of BetterBond A year ago, many sectors of the economy were forced to close as governments around the world imposed lockdown restrictions to limit the spread of Covid-19. Real estate experts predicted that the
March 18, 2021 in Property & Real Estate -
Why mobile phone and online purchasing prepaid and top-up plans are on the rise
UAE and Saudi Arabia among the biggest markets for prepaid mobile cards with millennials fuelling demand Source link
March 18, 2021 in Business News -
Made in Saudi: how Gulf kingdom plans new push into global markets
Saudi Export Development Authority chairman says to unveil new trade initiative on March 28 Source link
March 17, 2021 in Business News -
7th National Furniture Design Competition winners announced
Ian Perry from Durban-based furniture manufacturer Homewood won in the Established Manufacturers category while Mikhayla Peterson, Amukelani Mathebula and Michael Sushan from the University of Johannesburg took the win in the Student category of the seventh National Furniture Design Competition. Homewood founder and director Ian Perry Presented by the Department of Trade, Industry and Competition
March 17, 2021 in Manufacturing -
UAE's golden jubilee celebrations set to start on April 6
Running until March 31 2022, the UAE will host year-long initiatives, activities and grand celebrations Source link
March 17, 2021 in Business News -
Petrofac banned from new contracts by UAE's ADNOC for bribery charges
A former Petrofac executive pleaded guilty to three counts of bribery to influence the award of UAE contracts Source link
March 16, 2021 in Business News -
Why you need to consider PoPI during M&A deals
With the one-year grace period for compliance with the Protection of Personal Information Act (PoPI) ending on 30 June 2021, it’s difficult to think about anything outside of your own organisation’s compliance (well, at least for us compliance fanatics, that is). However, if you’re considering an M&A deal currently or in the future, PoPI should
March 16, 2021 in Investments -
An offshore endowment may just be the ‘safe choice’ local investors seek
This year’s National Budget Speech, delivered in February by Finance Minister Tito Mboweni, has been keeping analysts busy as they unpack the details of the country’s economic plans. One area in which there have been a lot of changes are foreign exchange controls. The laws regarding forex are still being finalised and clarity is being
March 16, 2021 in Investments -
UAE Gender Balance Council chief hails move to appoint more women to the board
Sheikha Manal says move is ‘vital step towards further empowering women’ in line with international best practices Source link
March 15, 2021 in Business News -
RE Capital, Neworld launch new investment JV, Reward Properties
Geneva-based property investment, development and asset management business RE Capital, and Neworld, a European-domiciled property development company, have launched a joint venture called Reward Properties. The new company offers investors the opportunity to buy into the high-end residential Portuguese real estate market. LX Living, Lisbon Portugal The two companies first worked together in 2019, developing
March 15, 2021 in Property & Real Estate -
How has Covid-19 impacted private equity in Africa?
Over the past year or so, we’ve all become familiar with a whole host of terms we knew nothing about at the start of 2020. Lockdown, rate of transmission, and social distancing all entered our collective vocabularies. At the same time, we had to get used to new ways of working and doing business. Bryan
March 15, 2021 in Venture Capital -
Youth most optimistic about property investment
According to the findings of the recently released Absa Homeowner Sentiment Index, aspirant buyers between the ages of 18 and 24 have the highest positive sentiment towards property investment in current market conditions. The feeling is overwhelmingly positive across other age groups too and, overall, 78% of respondents agreed that now is an appropriate time
March 15, 2021 in Property & Real Estate -
Non-residential contractors pessimistic as building confidence slips in 1Q2021
According to the latest FNB/BER Building Confidence Index, more than 70% of respondents are dissatisfied with prevailing business conditions. After rising to 29 in 4Q2020, the index shed two points to register a level of 27 in 1Q2021. Main contractor confidence edged one index point lower to 20 in 1Q2021. In contrast, sub-contractor confidence fell
March 15, 2021 in Manufacturing -
On-demand laundry startup eyes further growth in the region
Laundryheap adapts to coronavirus and raises $3.5m as part of Series A round led by Sova VC Source link
March 15, 2021 in Business News -
Tourism to bring 'important economic growth' for Dubai as part of 2040 plans
Dubai 2040 Urban Master Plan to increase land used for hotels and tourist activities by 134% Source link
March 14, 2021 in Business News -
Revealed: how Dubai is set to look in 2040 under new master plan
Sheikh Mohammed launches new Dubai 2040 Urban Master Plan that maps out sustainable development in the city Source link
March 14, 2021 in Business News -
UAE cloud services forecast to deliver $27bn boost, create 69,000 jobs
New research says cloud ecosystem is expected to propel the UAE economy upwards, creating jobs and driving investment Source link
March 13, 2021 in Business News -
Saudi king sacks high ranking officials including Minister of Hajj and Umrah
Saudi leader King Salman issues royal orders as he dismisses a number of officials in the kingdom Source link
March 12, 2021 in Business News -
Scaling up bioenergy production could substantially raise water stress
According to a new study from an international team of scientists, biomass plantations for energy production need sustainable water management in order to avoid a substantial increase in water scarcity. Bioenergy is frequently considered one of the options to reduce greenhouse gases for achieving the Paris climate goals, especially if combined with capturing the CO2
March 12, 2021 in Energy -
Africa hotel transactions set to increase as owners forced to consider disposal prospects
According to JLL’s Hotels & Hospitality Group, Covid-19 is expected to impact the hotel sector in Sub-Saharan Africa in the long term with an increase in the number of hotel transactions expected over the next few years. Vaccines have, however, buoyed prospects for the travel and tourism sector globally and recovery is expected to begin
March 12, 2021 in Property & Real Estate -
Life after Libor – assistance for legacy contract holders
The UK Financial Conduct Authority is considering whether it will be necessary to publish some synthetic London Interbank Offered Rate (Libor) benchmarks after the termination dates set out by ICE Benchmark Administration to assist legacy contract holders. On enactment of the Financial Services Bill by the UK Parliament, amongst other things, the UK Financial Conduct
March 12, 2021 in Investments -
Dubai gov't CEOs face new appraisals to boost public sector performance
A new performance management system for CEOs of government entities has been approved by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum Source link
March 12, 2021 in Business News -
Neighbourhood watch: What's happening in the GCC's inward investment market in 2021
Neighbourhood watch: What's happening in the GCC's inward investment market in 2021 Source link
March 11, 2021 in Business News -
JSE comes out tops with best gender balanced board in G20
According to the recently released Stock Exchanges Gender Equality analysis report, issued by the Sustainable Stock Exchanges (SSE) Initiative, the Johannesburg Stock Exchange (JSE) has the best gender balance on boards of any developing country in the G20. The report, released on International Women’s Day, looks at the gender composition of boards from the top
March 11, 2021 in Investments -
UAE Ministry of Economy reminds businesses to register in anti-money laundering system
Companies need to register in Financial Intelligence Unit or risk revocation of license or closure Source link
March 10, 2021 in Business News -
Thinking of purchasing an investment property in the current market? Here’s what to consider
Current real estate conditions pose an interesting dilemma for real estate investors. Purchasing an investment property now means that investors will benefit from the historically low interest rates. On the downside, interest rates are also incentivising tenants to move into homeownership, which means that qualified tenants are hard to come by within the current market.
March 10, 2021 in Property & Real Estate -
Moshe Capital Fund Managers seeks investment opportunities of up to R350m
Private equity company Moshe Capital Fund Managers is actively seeking to invest R350 million into diverse companies with a solid presence in their sectors. Mametja Moshe, CEO of Moshe Capital The firm has secured a funding commitment from FNB Commercial and has entered into a partnership agreement with RMB Ventures, both divisions of FirstRand Limited.
March 10, 2021 in Investments -
Dubai extends freeze on public service fees to accelerate recovery
No new fees will be imposed, except in the case of the introduction of new vital services Source link
March 10, 2021 in Business News -
Where should African real estate investors put their money?
2020 was one of the most extraordinary years in living memory. The world to which we’d become so accustomed was flipped on its head. The business community was forced to innovate as it adapted to the new normal. Barbara Chanakira, CEO of Wetherby Real Estate A brand new set of economic conditions, brought about by
March 10, 2021 in Property & Real Estate -
Reverse culture shock is real, and it's not fun
Thousands of expats who have left Dubai amid the pandemic are in for a rude awakening back home Source link
March 9, 2021 in Business News -
SAREIT report reveals R3bn contribution in Covid-19 rental relief
The SA REIT Association (SAREIT) has released a report unpacking the extent of the Covid-19 rental relief initiatives provided by REITs to their tenants during the pandemic. The rental relief was mainly in the form of discounts or deferrals, of which 80% relates to unrecoverable discounts, intended to sustain tenants’ cashflows and curb business failures.
March 9, 2021 in Property & Real Estate -
Have your say on draft Regulation 28 amendment
The National Treasury has called on the public to comment on the draft amendments to Regulation 28 of the Pension Funds Act. In a statement issued on Thursday, the department said, due to technical problems currently being experienced by the Government Printing Works, publication of the Gazette was delayed until 1 March 2021 and backdated
March 9, 2021 in Investments -
Chemical Seta to fund major research projects with over R1.6m
The Chemical Industry Education and Training Authority (CHIETA) will be funding two South African universities with R1,647,500 this year, supporting research and innovation in pharmaceuticals, nanotechnology, and fuel cell batteries. Yershen Pillay, CEO, CHIETA Said CHIETA CEO Yershen Pillay: “We must cement new and lasting partnerships that will allow us to put the chemical industry
March 9, 2021 in Manufacturing -
How Covid-19 impacted South Africa’s venture capital space
A little under a year ago, South Africa confirmed its first Covid-19 case. At the time, there was still hope that the country could isolate and contain the disease, allowing economic activity to continue as normal. Few could’ve guessed the toll the following months would take on our lives and livelihoods. Photo by cottonbro from
March 9, 2021 in Venture Capital -
PayProp Index confirms devastating impact of lockdown on rental market
In November 2020, for the first time since the PayProp Rental Index launched in 2012, growth was negative – the average rent was 0.3% lower than in November 2019. This is according to the recently released PayProp Rental Index Annual Review for 2020 which has confirmed the devastating effects of lockdown on the rental market
March 9, 2021 in Property & Real Estate -
Bahrain's Investcorp said to raise $1bn for North American deals
Investcorp, which oversees about $34 billion, is raising more funds for specific uses as it looks to boost assets under management Source link
March 9, 2021 in Business News -
Helping Cape Town’s clothing manufacturing sector rebuild
Local clothing manufacturing businesses across Cape Town are launching an online development programme that is being supported with funding from the City of Cape Town. The programme is focused on helping companies create first-line managers who will drive productivity, create stability and harness innovation. Pep Clothing Mayoral Committee Member for Economic Opportunities and Asset Management,
March 8, 2021 in Manufacturing -
DXB Entertainments shareholders urged to accept Meraas offer
Move by Meraas Holding to acquire the theme park operator’s debt and take it private will be discussed at a general assembly meeting on Tuesday Source link
March 8, 2021 in Business News -
Coral Bloom: Is this the world's most ambitious regenerative tourism project?
John Pagano, CEO of The Red Sea Development Company (TRSDC), explains how the Coral Bloom concept sets a new benchmark for sustainable ‘barefoot luxury’ Source link
March 7, 2021 in Business News -
Dubai's DP World to invest $1.2bn in Indonesia port, logistics park
Long-term agreement has been signed with Indonesian conglomerate Maspion Group to start construction of the projects in Gresik Source link
March 7, 2021 in Business News -
Cinemas, restaurants to reopen as Saudi Arabia prepares to relax Covid restrictions
Lifting of restrictions will take effect from Sunday and will include the reopening of cinemas, indoor entertainment centres as well as restaurants, gyms and sports centres Source link
March 6, 2021 in Business News -
Saudi's AlUla airport gets nod for international flights after expansion
International flights are currently suspended due to the ongoing coronavirus pandemic and are expected to resume in mid-May Source link
March 5, 2021 in Business News -
Register for free business-to-business webinar, 24 March 2021
Bizcommunity is proud to announce a media partnership with Success by Design in their forthcoming free webinar, titled ‘B2B in Africa for Africa’, taking place on Wednesday, 24 March 2021 at 12-12.40pm. Join us to hear guest speaker, Bizcommunity’s new business development manager and recruitment specialist, Clarina De Freitas, who will talk about trends and
March 5, 2021 in Manufacturing -
Revealed: the rising importance of Abu Dhabi's manufacturing sector
Total of AED3.9bn investment made in new industrial facilities in 2020 as sector contributes over 10% to non-oil GDP Source link
March 5, 2021 in Business News -
Etihad Airways' core operating losses extend to $1.7bn amid coronavirus crisis
Financial results from Abu Dhabi-based carrier also reveal it has lost a third of its workforce in last 12 months Source link
March 4, 2021 in Business News -
Buy Local Summit & Expo goes virtual this March
The 9th annual Buy Local Summit & Expo is being held virtually between 8-10 March this year. The event is hosted by Proudly South African, the country’s official buy local advocacy campaign. Credit: Proudly South African A vastly different format from previous Buy Local Summits, this event will focus on conversations that educate, inform, and
March 4, 2021 in Manufacturing -
Hollard launches ad-sharing campaign
Building a small business is an extreme sport but a mindset shift by asset managers to start investing in startups can support promising small enterprises, which in turn should use their nimbleness to access markets that are hard to penetrate. This is according to entrepreneur and chartered accountant Andile Khumalo, speaking about the importance of
March 4, 2021 in Venture Capital -
Saudi retail majors to invest in UK fast fashion e-commerce platform
Fawaz Abdulaziz Alhokair Co and Arabian Centres Company will acquire a combined 51% stake in Vogacloset Source link
March 4, 2021 in Business News -
Is the human resource function a help or a hindrance to coronavirus-era productivity?
Human Resources departments should be an enabler in times like these, providing a compassionate, flexible and supportive role for a company’s employees Source link
March 3, 2021 in Business News -
Changes to Regulation 28, a step in the right direction
The proposed amendment to Regulation 28 of the Pension Funds Act, which will allow investment in infrastructure within the various asset categories, is a step in the right direction, says Malusi Ndlovu, director of large enterprises at Old Mutual Corporate. The proposal, if implemented, would permit overall investment in infrastructure across all asset categories up
March 3, 2021 in Investments -
The impact of the Taxation Laws Amendment Act
As currently worded, the definitions of pension preservation fund, provident preservation fund and retirement annuity fund in section 1 of the Income Tax Act, 1962, make provision for a payment of lump sum benefits when a member of a pension preservation, provident preservation or retirement annuity fund withdraws from the retirement fund due to that
March 3, 2021 in Investments -
Shareholders urged to back merger of Emaar Properties, Emaar Malls
Boards of both companies vote to recommend all share merger aimed at boosting financial and operational performance Source link
March 2, 2021 in Business News -
Many African countries had a surprise manufacturing surge in 2010s
Getty Unfortunately, this comes at a time when the region has been experiencing a surprising and very welcome manufacturing renaissance. Historically, industrialisation has been associated with rapid technological improvements and sustained growth in the western world, and more recently east Asia, gainfully employing millions of workers and helping it to close the income gap with
March 2, 2021 in Manufacturing -
Europlaw Group and SJ Global Investments entered into international joint venture agreement
Europlaw Group, operating mostly Republic of South Africa and the United Kingdom, decided of entering into a formal business collaboration of entering into a joint venture with SJ Global Investments, operating from the United Kingdom, Switzerland and UAE with an international footprint in multiple investment verticals that includes property, real estate management, private equity, commodity
March 2, 2021 in Investments -
Private investment critical to meet Africa’s energy needs
Africa has the potential to harvest 1,000 times more than the continent’s projected demands for electricity in 2040 from renewable sources. “By harnessing these renewable energy sources, Africa can leapfrog to a sustainable and secure energy future – one that fosters resilience and equality and protects both livelihoods and the environment,” said Francesco La Camera,
March 2, 2021 in Energy -
Abu Dhabi's newest wealth fund comes into focus as assets reach $110bn
The UAE capital is a sovereign wealth hub, with ADQ overseeing $110 billion in assets Source link
March 2, 2021 in Business News -
The newest addition to the Gordon Institute of Business Science, plans on making a big difference across Africa
With the eruption of the pandemic, the fault lines in our economic system have become all too apparent. A new collaborative model would need to be fostered between the public, private and civic sectors across Africa to deploy capital directly towards primary markets, thereby re-establishing the primary function of linking capital to means of production,
March 1, 2021 in Investments -
The rise of super apps, like Careem, in the Middle East
Dubai’s Careem eyes growth through partnerships, making the app a one-stop shop for services from ride-hailing to hiring maid service Source link
March 1, 2021 in Business News -
Radically different approach needed to power Africa
If the continent dealt with its access to electricity challenge with the same gusto it is applying to fighting the Covid-19 pandemic, the problem would already be solved, Dr Louis van Pletsen, director of InAfrica, told the Africa Energy Indaba virtual conference The dilemma of lack of electrification in Africa has been the same for
March 1, 2021 in Energy -
2021 Investor of the Year Awards open for entries
The SA Property Investors Network (SAPIN) is inviting all South Africans over 18 who have invested in property between November 2019 and August 2021 to enter the annual Investor of the Year Awards. “The Investor of the Year Awards is all about celebrating success in the dynamic field of property investment while providing the opportunity
March 1, 2021 in Property & Real Estate -
2020 a slow year for dealmaking in Africa, but post-pandemic opportunities look promising
Kenya Deal making in Kenya dropped 28% with only 18 deals in H2 2020, but deal value increased by 224% to $467mn. This was mainly due to Network International Holding Plc’s $288mn acquisition of Direct Pay Online Ltd. Activity for the full year 2020 was down 28% in volume terms, but value increased by 52%
March 1, 2021 in Investments -
Dr reveals plan to lose five million pounds in two years as obesity proves challenge in GCC
Dr Shantanu Gaur is behind the world’s first weight-loss concept, requiring no surgery, endoscopy or anaesthesia, which is proving hugely popular in the Middle East Source link
February 28, 2021 in Business News -
Work starts on helicopter terminal to serve Expo 2020 Dubai
Terminal combines a helipad, exhibition and lounge areas in a single city-based heliport Source link
February 28, 2021 in Business News -
How Saudi giga project is aiming for 'zero waste to landfill' as construction steps up
A waste management facility opens to ensure no construction materials used in Saudi Arabia’s The Red Sea Project goes to landfill Source link
February 27, 2021 in Business News -
Spanish minister eyes more foreign investment in and from the UAE
Xiana Mendez, Spanish Minister of State for Trade, says there is ‘scope for improvement’ despite ‘impressive’ figures Source link
February 27, 2021 in Business News -
Made in Africa conference aims to drive Pan-African prosperity
His Excellency Prof. Dr. Ambassador Tal Edgars, group executive chairman of GBSH Consult Group Worldwide Made in Africa will feature a two-day, high-impact online programme that will enable delegates to learn, engage and do business. Buy Africa for Africa Business leaders speaking at the launch of the inaugural Made in Africa conference, drove home the
February 26, 2021 in Manufacturing -
World's biggest sovereign fund slashes Saudi stocks exposure
Norway’s $1.3 trillion sovereign wealth fund cuts holdings in Saudi shares from $420m to $192m, boosts Qatar portfolio Source link
February 26, 2021 in Business News -
S&P says Qatar developer Ezdan faces restructuring, default risk
Ratings agency expects Ezdan’s operating performance to “improve slightly” in 2021-2022, but not enough to materially reduce the very high leverage Source link
February 25, 2021 in Business News -
Electricity tariff increase will disrupt SA’s automotive supply chain
The Automotive Industry Development Centre in the Eastern Cape (AIDCEC) says that the electricity tariff increase of 15% will slam the brake on the South African automotive supply chain’s drive for greater levels of global competitiveness. Photo by Fré Sonneveld on Unsplash The AIDCEC says rising input costs could stunt growth in volumes and particularly
February 25, 2021 in Manufacturing -
3 ways the Budget Speech impacts healthcare in SA
From a healthcare perspective, this year’s Budget Speech is significant in three key ways. Obviously the main message of this year’s budgeting process is the prioritisation of the Covid-19 vaccine rollout. But it’s also clear that the minister and his team focused on supporting economic growth, which correlates with medical aid membership levels. Although National
February 25, 2021 in Investments -
Treasury’s decision to cancel S12J investments
In the 2021 Budget Review tabled with finance minister, Tito Mboweni’s budget speech yesterday, Treasury announced that Section 12J of the Income Tax Act will not be extended past its sunset date of 30 June 2021. Parliament is now faced with the decision whether to accept Treasury’s policy and not extend Section 12J, or take
February 25, 2021 in Investments -
Tax relief, further fiscal consolidation welcomed
Apart from the commitment made to the urgent rollout of the vaccination programme, of comfort to debt-burdened consumers is the announcement in the National Budget Speech that there will be no increase in personal income tax, but instead, a 5% adjustment in the personal income tax brackets which will combat fiscal drag and provide R2.2bn
February 25, 2021 in Property & Real Estate -
Why more UAE homeowners and renters expect property price to rise in the next 12 months
Property buyers are looking beyond the pandemic, a chief economist says Source link
February 25, 2021 in Business News -
Positive budget welcome news for homeowners and consumers
Finance minister Tito Mboweni presented a “positive budget” under challenging circumstances, perhaps the most challenging over the last 27 years. We welcome the focus on economic recovery, relief for households, vaccinations and the various reforms proposed, including in corporate tax, the public sector wage bill and state-owned enterprises. Samuel Seeff, chairman of the Seeff Property
February 24, 2021 in Property & Real Estate -
Undeterred by Covid-19, private capital continues to invest in commercial real estate
According to Knight Frank’s 2021 edition of The Wealth Report, private capital has been undeterred by the Covid-19 pandemic and has continued to invest in commercial real estate globally. The volume of private capital invested globally was approximately $232bn – 9% above the 10-year average, albeit down on 2019 levels. Looking forward, the Knight Frank
February 24, 2021 in Property & Real Estate -
Companies need clear environment, social, and governance strategies to attract talent
Gen Z is more interested in working for companies that care about the environment, and companies need to adjust their strategies to attract top talent Source link
February 24, 2021 in Business News -
Which is right, red, or white?
In the 1974 movie Juggernaut there is a scene in the end of the movie when the bomb disposal expert, Fallon must choose between two wires – red or white to disarm the bomb. Finally, as the clock ticks, Fallon makes his choice by intuition. Mel Meltzer, joint manager, Platinum Portfolio In today’s stock market
February 24, 2021 in Investments -
Return of international travel 'vital' to UAE tourism industry recovery
Leading figures tell Arabian Business panel discussion staycations alone cannot sustain sector Source link
February 23, 2021 in Business News -
Inoxico enables sustainable business growth
The Vumela Fund, established by FNB Business and Edge Growth, is excited to announce an equity investment into Inoxico, enabling the company to continue establishing itself as a recognised commercial credit risk technology provider. Inoxico is a tech company that uses trade credit analytics to help companies grow with their business customers. Trade credit (offering
February 23, 2021 in Venture Capital -
South Africa can’t afford hydropower from Inga 3
As finance minister Tito Mboweni prepares to deliver his budget in Parliament this week, it is imperative that he unshackles South Africans from the financial calamity that is the Inga 3 hydropower project. Grand Inga 3. Photo: Congo Research Group Mboweni’s speech comes almost one year after the first Covid-19 cases were reported in South
February 23, 2021 in Energy -
Reliance to spinoff oil-to-chemicals unit with $25 billion loan
Oil-to-chemicals contributed more than 60 percent in the last financial year to the group’s revenue Source link
February 23, 2021 in Business News -
Why employees can reap rewards of Saudi relocation
International companies may have to look at ‘substantial pay hikes’ in order to move talent to kingdom Source link
February 22, 2021 in Business News -
TFG presses for cut in yarn import duties to advance SA manufacturing
Retail group TFG has urged the South African government to speed up a planned removal of import duties on yarns, which are cotton threads used to make fabric. The Foschini owner said this change is essential to enable larger purchases of locally-made fabrics. In addition, the company said that further investment to support the upgrading
February 22, 2021 in Manufacturing -
Tilting towards value
Although we maintain a bullish outlook for global equities in general for 2021, we are switching our bias from a preference for the so-called quality and growth stocks to an increasingly optimistic outlook for value equities. Steve Brice, chief investment officer for wealth management. Standard Chartered Bank At a high level, growth stocks are companies
February 22, 2021 in Investments -
Saudi-backed Lucid Motors said to near deal to go public via Klein's SPAC
The special purpose acquisition company has been in talks to raise between $1bn and $1.5bn in funding from institutional investors to support the transaction Source link
February 21, 2021 in Business News -
Delivering on the digital promise in a post pandemic world
Dubai strategically positioned to continue to lead the development of digitally enabled financial solutions for the region, writes DIFC CEO Source link
February 21, 2021 in Business News -
Saudi Arabia invests more than $3bn in US video game makers
Public Investment Fund invests in Activision Blizzard, Electronic Arts and Take-Two Interactive Software, according to a regulatory filing Source link
February 20, 2021 in Business News -
How the pandemic recovery might look in the Middle East in 2021
The sentiment that perhaps best describes the new normal across the Middle East is tempered optimism, says Sudip Saha Source link
February 20, 2021 in Business News -
Bahrain set to close schools, gyms as it toughens coronavirus rules
Bahrain announces plans to toughen its measures against the spread of coronavirus from Sunday Source link
February 19, 2021 in Business News -
SA’s backbone industries and 12J investment
The country’s economy contracted 6.1% in real terms in the third quarter of 2020 compared with the same period a year earlier, according to data from Statistics SA. This figure does not truly relay the effect on livelihoods. The Covid-19 pandemic triggered havoc on the health and finances of millions of South Africans. Now, as
February 19, 2021 in Venture Capital -
Discovery Invest shares their market outlook for 2021
It goes without saying that 2020 was a tumultuous year as people around the world confronted the unprecedented social, economic and political challenges brought about by the Covid-19 outbreak. Kenny Rabson Globally, governments moved to protect their citizens from Covid-19 by imposing renewed lockdowns, sending the global economy into a severe contraction. Unsurprisingly, markets were
February 19, 2021 in Investments -
Alba Cars: What to look out for when buying a used car
Pre-owned vehicles can offer great value, particularly in the luxury category but beware – there are many underhanded operators in the UAE. From due diligence to financing and warranties, here’s what you need to look out for when buying a used car. Source link
February 18, 2021 in Business News -
Amended PIC Act signed into law
The Public Investment Corporation Amendment Act has been promulgated and published in the Government Gazette. This, after it was signed into law by President Cyril Ramaphosa. “[It] provides that the Minister of Finance, as representative of the shareholder, ‘may designate the Deputy Minister of Finance or any Deputy Minister in the economic cluster’ to be
February 18, 2021 in Investments -
2020 a slow year for dealmaking in Africa, but post-pandemic opportunities look promising
South Africa M&A activity in South Africa decreased as a result of the COVID-19 pandemic. The number of transactions dropped by 6% to 186 deals in H2 2020, and the value of the deals shrunk by 36%, down to $4.9bn from H2 2019. The full year 2020 activity was down 6% to 337 deals, while
February 18, 2021 in Investments -
HSBC Singapore chief executive tapped to run Saudi British Bank
Tony Cripps will replace CEO David Dew at SABB, who is retiring in May Source link
February 18, 2021 in Business News -
South Africa’s Tiger Brands sees H1 profit up to 20% higher
JOHANNESBURG (Reuters) – South Africa’s biggest food producer Tiger Brands said on Wednesday it expected headline earnings from continuing operations to rise as much as 20% in the six months to 31 March. The owner of popular brands such as Jungle Oats and Tastic rice said headline earnings per share (HEPS), the main profit measure
February 18, 2021 in Investments -
UAE mulls price cap on some foods as global crop costs soars
Minister of State for Food and Water Security says studying price rise carefully and may need to make ‘adjustments’ Source link
February 17, 2021 in Business News -
Warner Music buys stake in Saudi billionaire's record label
Rotana Music deal gives Warner rights to distribute releases by some of the Arab world’s biggest artists outside the Middle East Source link
February 16, 2021 in Business News -
Can real estate contribute towards rebuilding South Africa’s crippled economy?
Despite President Ramaphosa’s optimistic analogies of fynbos re-emerging after fire, 2021’s State of the Nation Address made it clear that South Africa has a long, and largely undefined, road to recovery ahead. While defeating the coronavirus pandemic and state corruption featured highly, economic recovery took centre stage. The good news is this is one area
February 16, 2021 in Property & Real Estate -
Global commodities’ position as a bull sector within a bear market represents a unique opportunity for African mining
The world’s mining sectors’ performanc usually tracks the ups and downs of global GDP. However, this historic correlation has never really been tested against the backdrop of a truly global health and economic crisis – until 2020, that is. Nivaash Singh, co-head of mining and resources finances, Nedbank Corporate and Investment Banking Apart from its
February 16, 2021 in Investments -
Dubai International Airport traffic slumps 70% in 2020 on coronavirus lockdowns
Chief executive Paul Griffiths confident airport will remain largest intercontinental hub in the world Source link
February 16, 2021 in Business News -
Why millennials are likely to drive growth in global Islamic finance
Young Muslims want to know that their money is doing good in the world, says Islamic finance expert Source link
February 15, 2021 in Business News -
What the real estate industry can expect
As we await the National Budget Speech later this month, many investors and roleplayers in the real estate industry are holding their breath to gauge the year ahead. A tumultuous 2020 left many feeling hesitant and we’re seeing a strong sense of cautious optimism as we head towards the new financial year. Pearl Scheltema, CEO
February 15, 2021 in Property & Real Estate -
The rise of the retail investor
Governments and central banks across the globe have implemented measures to counter the expected negative effects of Covid-19 and lockdowns on economies since the start of the pandemic. Many central banks drastically reduced the cost of borrowing through monetary easing and with fixed income yields dropping to very low levels, investors (often with borrowed cash)
February 15, 2021 in Investments -
Property, tax and SONA
As is expected after a year like no other, the primary focus of the President’s 2021 State of the Nation Address was the Covid-19 pandemic, and how it has ravaged the nation. While it has caused significant damage through loss of life, just as drastic has been its effect on our economy and the rising
February 15, 2021 in Property & Real Estate -
Emerging from a crisis: lessons in leadership and transformation
Having worked through political instability, famine, natural disaster and a pandemic, HSA Yemen offers a blueprint for companies trying to reset in difficult times Source link
February 15, 2021 in Business News -
Why employee wellness is healthy for businesses in the region
Ahead of the Wellbeing @ Work Middle East Summit, from February 22 to the 24, Nida Yousef, the global human resources director at Daraz, part of the Alibaba Group, gives her on work place mental health Source link
February 14, 2021 in Business News -
Gates Foundation boss on why philanthropy is on the rise in the Arab world
Robert Rosen says the coronavirus pandemic has created a transformative moment for giving in the region and globally Source link
February 13, 2021 in Business News -
Why the UAE could emerge as the preferred destination for Indian investments
Indian government takes decision to reclassify the UAE, making it more attractive for foreign portfolio investors Source link
February 13, 2021 in Business News -
Oman Air abandons fleet expansion plan as virus hits flights demand
Chairman of national carrier says it is to cut its fleet to 36 planes, down from the current 50 Source link
February 12, 2021 in Business News -
AfCFTA: Alive with possibilities
The South African government says it will maximise the opportunities presented by the African Continental Free Trade Area (AfCFTA), which came into operation on 1 January 2021, following the adoption of the Johannesburg Declaration by the African Union (AU). The AFCTA is set to create a massive market and demand for locally-produced machinery, clothes and
February 12, 2021 in Investments -
Solar panels in Sahara could boost renewable energy but damage the global climate
Researchers imagine it might be possible to transform the world’s largest desert, the Sahara, into a giant solar farm, capable of meeting four times the world’s current energy demand. Blueprints have been drawn up for projects in Tunisia and Morocco that would supply electricity for millions of households in Europe. While the black surfaces of
February 12, 2021 in Energy -
How property owners can navigate financial distress
The Covid-19 pandemic disrupted global economies and industries worldwide in 2020 and is predicted to do the same in 2021. In this instance, many property owners have already felt the pinch since then, whether in commercial or residential property, and thus some might find themselves stranded and lacking the necessary insight into how to navigate
February 12, 2021 in Property & Real Estate -
Manufacturing output up 1,8% in December
Manufacturing production increased by 1,8% in December 2020 compared with December 2019, according to data from Statistics South Africa (Stats SA). The largest positive contributions were made by the following divisions: • food and beverages (6,4% and contributing 2,2 percentage points);• motor vehicles, parts and accessories and other transport equipment (18,1% and contributing 0,8 of
February 12, 2021 in Manufacturing -
Buying vs renting – is the time to purchase now?
According to ooba Home Loans CEO Rhys Dyer, “Unlike other ‘flash in the pan’ trends, the time to purchase a home is right now.” Rhys Dyer, CEO, ooba Home Loans “For those with leases coming up for renewal,” he says, “I’d strongly urge you to do the math and weigh up whether it truly is
February 12, 2021 in Property & Real Estate -
New Aldar unit acquires Asteco in property management push
Aldar Estates announces deal to take over real estate services company in the UAE Source link
February 11, 2021 in Business News -
3 ways to earn more money from your property
Property assets can be leveraged in many ways – both in the short- and the long-term. For those looking for a few ideas, here are some creative ways to earn more money from your property. Paul Stevens Increase its value “I believe that the current, strong demand from property purchasers is going to continue into
February 11, 2021 in Property & Real Estate -
Are cryptocurrencies the top-performing asset class of the decade or the world’s greatest bubble?
In the early 1990s, when the internet was still in its infancy, there was some hesitation in adopting this new and unfamiliar technology with limited use in our personal and work lives. Today, the internet is the backbone of global industries and fuels the $11.5trn digital economy. The internet is now so native to us
February 11, 2021 in Investments -
The future of Section 12J and the Sunset Clause by Grovest
Section 12J is the fastest-growing alternative asset class in South Africa, catching the attention of many individuals, family offices and institutional investors. Section 12J not only offers attractive returns to investors, but is structured to make a positive and significant impact on the economy by providing capital to both SME’s and job creation. The Section
February 11, 2021 in Investments -
Please don't just ask me to talk about diversity
While discussions surrounding diversity and inclusion have their place in STEM, women should be engaging in discussions surrounding their areas of expertise, says Carla Sertin Source link
February 11, 2021 in Business News -
Air Arabia posts $56m losses after virus impact despite Q4 uptick
Sharjah-based low cost carrier makes AED20m profit in final quarter of 2020 despite ‘biggest challenge in history’ Source link
February 10, 2021 in Business News -
Playtex factory liquidation leaves hundreds without work in SA
Hanes South Africa, which holds the licence to manufacture, sell and distribute underwear under the Playtex trademark in South Africa and several other African countries, has filed for voluntary liquidation. Credit: jackmac34 via Pixabay The 60-year-old company’s factory in Mobeni East has been shut since early January, according to an IOL report, leaving over 700
February 10, 2021 in Manufacturing -
Mega co-located trade show set for Joburg in November
Messe Muenchen South Africa, presenters of Analytica Lab Africa, Ifat Africa and Food & Drink Technology (FDT) Africa, are gearing up to present the three events in a mega co-located trade show from 2-4 November 2021. Credit: FDT Africa The three events, traditionally co-located to give industry stakeholders access to networking and markets across integrated
February 10, 2021 in Energy -
Mars mission wins global praise as UAE joins space race top table
Russian, French and Indian space agencies applaud the UAE’s achievement as the Hope Probe successfully enters Mars orbit Source link
February 10, 2021 in Business News -
UAE visitors to receive 'Martian Ink' passport stamp upon arrival
Special passport stamp marks the Hope Probe spacecraft’s upcoming arrival to Mars Source link
February 9, 2021 in Business News -
5 aspects of 12J investments you may be myth-ing
“Too good to be true” is an adage that typically services you well when it comes to your money, especially in a world full of myths and conspiracy theories, Ponzi deals, pyramid schemes and promises of the Next Big Thing. As such investors are – rightfully so – reluctant to participate in alternative investments but
February 9, 2021 in Investments -
Dubai desert camp shut down, operator fined over virus violations
Dubai Police in cooperation with Dubai Tourism takes action over private gathering in violation of coronavirus rules Source link
February 8, 2021 in Business News -
Lesser known property sub-sectors offer hope for battle-scarred investors
Despite the patchy property performance last year, there are still pockets of excellence for the smart investor. This is particularly the case in the seldom spoken of sub-sectors of our property market which hold real value for those who are prepared to take the road less travelled in 2021. Gary Palmer, CEO of Paragon Lending
February 8, 2021 in Property & Real Estate -
Optimising processes is critical to driving continuous improvement in a post-pandemic world
The manufacturing, warehousing and logistics sector has faced a number of challenges as a result of the Covid-19 pandemic. Those in services that were deemed essential had to cope with increased demand alongside reduced headcount, with short turnaround times. Other services experienced complete shutdowns followed by the need to reopen efficiently, when permitted, to maximise
February 8, 2021 in Manufacturing -
2020 a slow year for dealmaking in Africa, but post-pandemic opportunities look promising
Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As Africa gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across
February 8, 2021 in Investments -
FSCA warns against investing in crypto assets
The Financial Sector Conduct Authority (FSCA) has again warned of a number of high risks associated with investing in crypto assets, in the wake of the recent Mirror Trading International Proprietary Limited debacle. It said in a press release that: crypto investment firms (i) overstate the amount of expected returns on investments and (ii) understate
February 8, 2021 in Investments -
Driscoll's and Global farms partner up to grow raspberries in the UAE
The Emirati raspberries are available until March in select retail stores Source link
February 8, 2021 in Business News -
Optimism as January 2021 beats previous year for new business licenses in Dubai
Figures marks a 9 percent year-on-year increase, with Deira and Bur Dubai the busiest areas of activity Source link
February 7, 2021 in Business News -
Abu Dhabi bourse to cut trading fees to drive liquidity boost
Abu Dhabi Securities Exchange says trading activity fees will be reduced from Sunday February 14 Source link
February 6, 2021 in Business News -
How the UAE compares globally for supporting entrepreneurs
UAE has been ranked first in the in Middle East and fourth globally in the Global Entrepreneurship Index Source link
February 6, 2021 in Business News -
After a rollercoaster year, Gulf theme parks bet big on new attractions
Saudi Arabia’s Six Flags Qiddiya and Dubai’s Bollywood Parks aim high to grab more visitors in the post-coronavirus era Source link
February 5, 2021 in Business News -
The value of investing in the services of a forex broker
Photo by Chris Liverani on Unsplash Sometimes, the overwhelming process can get to be too much. It can sometimes be the most valuable asset you have to simply ask for assistance. This is exactly how, where, and why investing in the professional services of a forex broker can be so incredibly valuable. Having a seasoned
February 5, 2021 in Investments -
GameStop & the stock market
What is GameStop? GME is a struggling, publicly listed company on the New York Stock Exchange that sells video games and accessories through a chain of stores – think Blockbuster for video games. And like Blockbuster, GameStop is likely to suffer the same fate given that more and more people are downloading games off the
February 5, 2021 in Investments -
Unpacking the growing trend of women investing in property
In a recent Instagram Live session led by PR and communications specialist Tshego Kekana on The Thando Channel, the topic of women’s growing participation in the property market was addressed. Kekana chatted to local property guru and entrepreneur Teboho Mafodi. The conversation was sparked by the recent growth trend of young and single South African
February 5, 2021 in Property & Real Estate -
Why the UAE is set to benefit from post-pandemic boom
Global growth to recover swiftly as vaccination becomes reality, says Stephanie de Torquat and Christophe Lalandre Source link
February 5, 2021 in Business News -
The Red Sea Development Company commences hotel construction with award of two key contracts
Hotel construction is now underway following the award of two major contracts for hotel development at its Southern Dunes site and Ummahat Al Shaykh Island Source link
February 4, 2021 in Business News -
Taking down the old guard
A battle between retail investors and institutional investors, with the former take on the Wall Street establishment, in particular established hedge fund managers practising a short-selling strategy, hit the headlines recently. Ostensibly a David and Goliath battle, the reality is a little more complex. Paul Marais, MD, AlphaWealth The heat was turned up earlier last
February 4, 2021 in Investments -
What to expect from the industrial property market in 2021
The industrial property market in 2021 is certainly not an easy one to predict. However, learning from the past year’s events gives us a good idea of what we can expect. Image source: Gallo/Getty Here the main themes of industrial property in 2020 and how the year ahead will play out: The industrial property sector
February 4, 2021 in Property & Real Estate -
Friday brunch, a Dubai institution, suspended as Covid crackdown intensifies
Suspension comes as the UAE’s Ministry of Health and Prevention announced a further 3,977 new coronavirus cases on Wednesday Source link
February 3, 2021 in Business News -
Attracting inward investment in SA
The South African Reserve Bank (Sarb) recently published a circular setting out changes to the rules around loop structures in South Africa. First talks of this came about in February last year during the minister of finance’s budget speech and was reiterated in the country’s medium term budget policy statement in October. Judy Snyman, fiduciary
February 3, 2021 in Investments -
Prime global residential property market outlook shows strength, ongoing stability
According to Savills World Cities Prime Residential Index, despite the uncertainties surrounding the pandemic, the market for prime global residential property is expected to remain active as the long-term appeal of the sector holds strong. This as sentiment improves amidst the rollout of the Covid-19 vaccine across the globe, and as the Biden administration plans
February 3, 2021 in Property & Real Estate -
What is sustainability accounting? What does ESG mean? We have answers
Sustainability is a hot topic today due to increasing awareness of climate change and inequality, among other pressing issues. Image source: Gallo/Getty The Earth just recorded a seven-year hot streak and we’re approaching the Covid-19 pandemic’s first anniversary. The crisis has had enormous implications on our mental health, the economy and income inequality. Post-pandemic, we
February 3, 2021 in Investments -
Saudi closes borders to travellers from 20 countries, including UAE, India, UK and US
The Ministry of Interior announced that the temporary suspension comes to forces at 9pm tonight, Wednesday, February 3. Source link
February 3, 2021 in Business News -
Dubai takes delivery of first shipment of AstraZeneca vaccine from India
Dubai Health Authority says arrival of new vaccine is part of its commitment to provide the public a choice of jabs Source link
February 2, 2021 in Business News -
Ford invests $1bn in SA’s automotive manufacturing operations
Ford Motor Company has invested $1bn (R15.8bn) in the country’s automotive manufacturing operations. This was announced during a media briefing that was attended by President Cyril Ramaphosa and several key government leaders. Dianne Craig, president of Ford’s international markets group, says: “This investment will further modernise our South African operations, helping them to play an
February 2, 2021 in Manufacturing -
A fascinating dynamic for the resources sector
Issues such as climate change are no longer “soft” elements that can be tucked away in a sustainability report somewhere. Shareholders and other stakeholders are demanding that the banking sector adopts a responsible approach to funding of new projects in the mining and energy sector and this is driving a change in behaviour for all
February 2, 2021 in Investments -
Jackie van Niekerk named new CEO of Attacq
JSE-listed REIT Attacq has appointed its current chief operating officer Jackie van Niekerk as its new CEO with effect from 1 May 2021. Jackie van Niekerk appointed new CEO of Attacq Commenting on her new role, Van Niekerk said, “I am excited about the opportunity to lead the Attacq team as we continue building on
February 1, 2021 in Property & Real Estate -
Sergio Garcia talks Dubai, lockdown and the Ryder Cup
Spanish golfing star in contention at Dubai Desert Classic as he seeks a repeat of his 2017 triumph Source link
January 31, 2021 in Business News -
UAE amends nationality law to attract more talent for 'development journey'
Specific categories can acquire Emirati citizenship including investors, doctors, specialists, inventors, scientists and individuals with creative talents Source link
January 30, 2021 in Business News -
Saudi Arabia extends ban on international flights after vaccine delays
Saudi Ministry of Interior says it is to delay the reopening of land and sea ports until May 17 Source link
January 29, 2021 in Business News -
Impact of Covid-19 on the real estate sector
The challenge for investors today is identifying those real estate sectors that are thriving in the current market environment and those that have been badly affected by the Covid-19 pandemic. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the
January 29, 2021 in Property & Real Estate -
Direct flights to be suspended as the UAE is added to UK's 'red list'
New rules will come into force from 1pm on Friday, after which there will be no direct flights to the UK from Dubai or Abu Dhabi Source link
January 29, 2021 in Business News -
Abraaj founder faces US fraud charges after losing extradition fight
London judge rules that Arif Naqvi should be sent to face US charges of fraud and racketeering related to Dubai PE firm Source link
January 28, 2021 in Business News -
Trends to expect in the township development, office, retail spaces
As the fight against Covid-19 rages on, the property sector shows a bag of mixed results with some parts of the sector showing signs of growing demand and growth prospects while others are on their knees. Seabelo (Herbert) Theledi, founder and managing director, Nthwese Developments As the situation currently stands, South Africa is in national
January 28, 2021 in Property & Real Estate -
Bitcoin: the Future of Money? author asks: Are we due another crypto crash?
January 2018 was when the crypto market crashed from its all-time highs. Are we in line for the same in 2021, asks Dominic Frisby, author of Bitcoin: the Future of Money? Source link
January 27, 2021 in Business News -
Young diamond jewellery designers called to enter Shining Light Awards
The 2020/2021 instalment of the Shining Light Awards (SLA) jewellery design competition invites promising young diamond jewellery designers from Botswana, Canada, Namibia and South Africa to showcase their talent. A ring from Lilja Hastie’s 2015 winning collection titled ‘Forever Intertwined’. The awards platform forms part of the De Beers Group Designers Initiative (DBGDI), a youth
January 27, 2021 in Manufacturing -
Top UAE banks see profits fall on higher provisions amid pandemic
Emirates NBD PJSC, Dubai’s biggest lender, said its full-year profit slumped by more than half Source link
January 27, 2021 in Business News -
UAE hotels suffer their worst year on record as coronavirus bites
New STR figures reveal all-time lows for occupancy and revenue levels in the UAE during 2020 Source link
January 26, 2021 in Business News -
Unpacking the commercial real estate landscape, rising trends for 2021
While 2020 will forever be remembered as a year of unprecedented challenges and uncertainty, 2021 promises to bring exciting shifts and investment opportunities to the fore. Not without its share of disruption, the property sector has pivoted to meet the changing demands of both landlords and tenants. Collaboration between landlords and tenants is at an
January 26, 2021 in Property & Real Estate -
Is Bitcoin the new gold?
Bitcoin has soared again in recent months – along with some of its cryptocurrency peers, such as Ethereum – making this very modern form of investing a very ‘hot’ topic at the moment. The seemingly ever-increasing price of Bitcoin leaves the world holding its breath once again – as we did at the end of
January 26, 2021 in Investments -
SH Capital Ltd launches in Dubai to empower SMEs with global banking services
The Stanhope Financial Group subsidiary aims to help clients get better returns than traditional banking deposit accounts can offer Source link
January 26, 2021 in Business News -
SAB suspends 550 temporary workers as production stagnates
South African Breweries (SAB) has had to suspend 550 temporary contract workers across its South African operations, as it navigates the unintended consequences of the third alcohol ban. These temporary contracts will predominantly affect positions within SAB’s supply and logistics workforce. Credit: SAB The brewer, owned by AB InBev, said that the lack of trade
January 25, 2021 in Manufacturing -
6 factors hanging in the balance for property in 2021
Having started the year in technical recession, only to be hit by a pandemic, few would have predicted that 2020 would turn into a successful year for property. Thanks to an unexpected wave of buyers triggered by low interest rates, motivated lenders, and excellent value on the market, however, South African property has emerged from
January 25, 2021 in Property & Real Estate -
Saudi wealth fund in talks with Lucid for car factory
Public Investment Fund is seeking to lure international companies to set up operations in the kingdom Source link
January 25, 2021 in Business News -
Kipeto wind power project adds 100MW to Kenya’s national grid
Kipeto wind farm has been connected to Kenya’s national grid and will start generating power in the next week. Kipeto wind farm The plant is connected by a 17km (220KV) high voltage transmission line, linking the facility to the national grid at the Isinya aubstation.The project’s 60 GE 1.7-103 wind turbines, each capable of producing
January 25, 2021 in Energy -
SA home market continues positive performance in 2021
According to Shaun Rademeyer, CEO of Multinet Home Loans, the local residential property market has continued to boom amidst the Covid-19 pandemic. Since July 2020, the average percentage in submitted property values has exceeded 12% in comparison to the same period in 2019. The main reasons for the growth, Rademeyer says, is attributed to the
January 25, 2021 in Property & Real Estate -
BetterBond CEO welcomes unchanged repo rate, good start to 2021
BetterBond CEO Carl Coetzee has welcomed the Monetary Policy Committee’s recent decision to hold the repo rate steady at 3.5%. Carl Coetzee, CEO, Betterbond “We welcome the MPC’s decision, which will keep the prime lending rate at its record-low of 7%,” says Coetzee. “Five consecutive repo rate cuts last year set the scene for the
January 25, 2021 in Property & Real Estate -
Abu Dhabi approves three new coronavirus tests
Antigen test, the RT-LAMP test and the saliva test to be used in emergency departments and urgent care centres across the emirate Source link
January 24, 2021 in Business News -
UAE backs coronavirus testing protocols after Denmark suspends all flights
Senior UAE official says all UAE testing centres are regularly subject to strict quality checks after Denmark raises concerns Source link
January 24, 2021 in Business News -
Lebanese celebrity shout-out platform aims to raise $1m in funding
Using localisation, Oulo eyes expansion into emerging markets such as India and Turkey Source link
January 23, 2021 in Business News -
Dubai toughens rules for restaurants, limits social events as cases hit new record
Dubai’s Supreme Committee of Crisis and Disaster Management has introduced a raft of new coronavirus rules, including increasing the distance between tables from two metres to three metres Source link
January 22, 2021 in Business News -
DSA calls on AU to help rid Africa of Ponzi schemes
The Direct Selling Association of South Africa (DSA) is imploring the African Union (AU) to initiate a continent-wide effort to stamp out Ponzi schemes. “The DSA has noted with concern the increasingly cross-border nature of Ponzi schemes,” says DSA chairperson Rajesh Parshotam. A Ponzi scheme is a form of fraud involving unscrupulous investors who take
January 22, 2021 in Investments -
Interest rate disappoints as second wave could eat into property and economic gains
The decision by the South African Reserve Bank (Sarb) to retain the repo rate at 3.5% (home loan base rate at 7%) is disappointing for the economy and property market. Samuel Seeff, chairman of the Seeff Property Group There is ample reason for a cut given the split decision and missed opportunity in November. Since
January 22, 2021 in Property & Real Estate -
Revealed: the financial impact of Covid lockdowns on Lebanese households
Eight-three percent of households have seen their income reduced or lost completely during lockdowns in Lebanon Source link
January 22, 2021 in Business News -
Emirates set to resume flights to Australia's largest cities after suspension
Dubai airline says it will resume flights to Sydney from January 25, to Melbourne from January 26, and to Brisbane from January 28 Source link
January 21, 2021 in Business News -
Unilever trials ‘nano factory’ in portable shipping container
To enable more flexible and agile food production, engineers at consumer goods company Unilever have designed a nano factory that fits into a 12-metre container. The prototype is a fully-functioning, mini production line that houses everything needed to produce a batch, from the point where raw materials go in at one end to where finished
January 21, 2021 in Manufacturing -
Repo rate remains unchanged, still room for a further cut
While a further reduction to the interest rate would have been a bonus for aspirant first-time home buyers and existing homeowners with mortgages, the Monetary Policy Committee’s decision to leave the repo rate unchanged at 3.5% was anticipated by the majority of market commentators. Dr Andrew Golding, chief executive of the Pam Golding Property group
January 21, 2021 in Property & Real Estate -
Ethnic conflict could unravel Ethiopia’s valuable garment industry
But, for the past two months, violent conflict in Ethiopia’s northern Tigray region fuelled by ethnic power politics has threatened the country’s stability. According to the International Crisis Group, the violence has likely killed thousands of people, including many civilians, displaced more than a million people internally, and led some 50,000 to flee to Sudan.
January 21, 2021 in Manufacturing -
2021 is the ultimate property investment year
If you’ve been holding out for the perfect time to leap into the property market, you’re not going to be disappointed this year. With a triple-whammy of rock-bottom interest rates, subdued property prices, and plenty of stock available, the year ahead is quickly shaping up to be the best property investment climate in fifty years.
January 21, 2021 in Property & Real Estate -
Revisions to Crisa align with growing interest in ESG investment
The code was launched in 2011 in response to the King III Report on Corporate Governance South Africa. King III and its predecessors provided a governance framework for companies and their boards but did not include institutional investors. To fill that gap, the Institute of Directors in South Africa (IoDSA) set up the Crisa committee
January 21, 2021 in Investments -
Huge Dubai office complex defies 'work from home' fears with raft of new tenants
ICD Brookfield announces the signing of 11 new leases at ICD Brookfield Place totalling 72,000 sq ft by blue-chip companies Source link
January 21, 2021 in Business News -
Henrik Stenson: top golfer's guide to business, high performance and life itself
As he prepares to compete in Saudi Arabia next month, the Swedish superstar shares his thoughts on business and coping with whatever life throws his way Source link
January 20, 2021 in Business News -
A challenging year anticipated for SA retailers
In the fourth quarter of last year, as Covid-19 appeared to be receding and the country had moved to a virtually lockdown-free scenario, the SA retail sector undoubtedly would have been looking forward to a significant uptick in festive season trade and hoping for that momentum to be maintained into, and through, 2021. Tasmika Ramlakan,
January 20, 2021 in Investments -
How venture studios are emerging as the go-to partners for Gulf start-ups
Middle East region is estimated to have an additional funding potential of $3 billion for start-ups Source link
January 19, 2021 in Business News -
3 wide-ranging issues demanding legal attention this year
Webber Wentzel sees three broad themes emerging in South Africa in 2021, which will require extensive input from the legal profession. These are: changes to the economy and regulation prompted by Covid-19; moves by government and the private sector to stimulate economic recovery; and a greater focus on corporate responsibility and consumer protection. 1. Post-Covid
January 19, 2021 in Investments -
Where is the housing market headed in 2021?
After the worst economic downturn in decades, further dampened by the recent tightening of lockdown restrictions in response to the second wave of the pandemic and the recommencement of load shedding, economic growth – while admittedly coming off a low base – is still widely expected to show some positive growth of around 3% this
January 19, 2021 in Property & Real Estate -
Bahrain attracts $885m direct investments despite Covid impact
Bahrain Economic Development Board chief says investment momentum continued from 2019 Source link
January 19, 2021 in Business News -
How the pandemic has impacted Beirut International Airport
New figures reveal a 71.7% slump in passengers during 2020 compared to the previous year Source link
January 18, 2021 in Business News -
Experts predict repo rate will hold
BER chief economist, Hugo Pienaar, is the only panellist forecasting a rate cut. He thinks the bank will decrease the rate by 25bps, but is in favour of a deeper 50bps cut. “With a benign inflation outlook, monetary policy has space to provide some moderate further stimulus to the economy at a time when fiscal
January 18, 2021 in Investments -
New year’s resolutions for (first-time) home buyers in 2021
If 2020 taught us anything, it’s that life can be unpredictable and while no one can say for certain how much things will change in the coming year, we can give you some sensible, tried and tested good advice if you’re thinking about purchasing a property for the first time in 2021. 1. Take a
January 18, 2021 in Property & Real Estate -
Private sector investment key in bridging Africa’s housing gap
On the eve of the UK Department for International Trade’s Africa Investment Conference, East African architecture and masterplanning firm FBW Group noted that private sector investment is key to solving East Africa’s mounting affordable housing challenges and the UK can play a leading role in turbo-charging the development drive needed. The conference, on 20 January,
January 18, 2021 in Property & Real Estate -
Will you get vaccinated? Arabian Business poll reveals strong response
Survey on LinkedIn revealed willingness to get vaccinated in the Gulf is higher than countries such as the USA and the UK, as coronavirus cases in the UAE nudged up to another record high Source link
January 17, 2021 in Business News -
Saudi to reopen Qatar embassy in the 'coming days'
The kingdom’s Foreign Minister Prince Faisal bin Farhan revealed that the diplomatic thawing of relations was moving forward at a press conference Source link
January 17, 2021 in Business News -
Dubai to give Expo 2020 taster with Q1 opening of thematic pavilions
Tickets go on sale as Terra – The Sustainability Pavilion is set to be the first to open to visitors from January 22 Source link
January 16, 2021 in Business News -
Daily coronavirus cases spike again on Friday, first time above 3,400
Ministry of Health and Prevention also announces that seven people have died from Covid-19 complications in the past 24 hours Source link
January 16, 2021 in Business News -
Jua Kickstarter Fund for African entrepreneurs doubles to R30m
The Jua Kickstarter Fund has doubled to $2m (R30m). The fund was launched by African industrialist Adam Molai in November 2020 with $1m available for African entrepreneurs. The increase in funding is from US-based angel investing and mentorship firm Simba Global Start-ups. Adam Molai, founder of Jua Kickstarter Fund | Image supplied Molai says the
January 15, 2021 in Venture Capital -
Re/Max Q4 2020 report reveals property market recovery to pre-pandemic levels
According to the Re/Max National Housing Report Q4 2020, South Africa’s real estate market has shown a remarkable recovery following the hard lockdown and the Deeds Office closure that occurred in the second quarter of 2020. Data from Q4 2020 reflects nearly the same levels of activity in the housing market as it had pre-pandemic.
January 15, 2021 in Property & Real Estate -
How Dubai defied Arabtec collapse to take global skyscraper crown in 2020
Dubai was the most prolific skyscraper-building city in the world during 2020, according to the Council on Tall Buildings and Urban Habitat Source link
January 15, 2021 in Business News -
Gulf's healthcare operators set to embrace Big Data to improve patient care, cut costs
Survey predicts healthcare analytics market in the MENA region will reach $1.49bn by 2024 Source link
January 14, 2021 in Business News -
UAE tourism figures downplay impact of UK's travel corridor u-turn
Ras Al Khaimah tourism chief, Emirates Festival of Literature organiser say closure of one market would have a big impact Source link
January 14, 2021 in Business News -
Wetherby Real Estate launches in London targeting Africa’s HNWI
Specialising in investment opportunities for high-net-worth individuals from Africa, the launch of Wetherby Real Estate was recently announced. The company sources and acquires luxury serviced accommodation in Prime Central London on behalf of global investors. Wetherby Real Estate has been launched by Barbara Chanakira, founder and CEO of Mayfair-based Eaton Property Consultants, another acquisition service
January 13, 2021 in Property & Real Estate -
What you should know about the amended South African Exchange Control Rules
On 4 January 2021, the South African Reserve Bank released Exchange Control Circular No. 1/2021 which provides for the long-awaited relaxation of the South African exchange control rules relating to “loop” structures and investments. As background, the Minister of Finance announced in the 2020 Medium Term Budget Policy Statement that the prohibition on “loop” structures
January 13, 2021 in Venture Capital -
UAE says to add more vaccination centres as virus cases hit new daily high
Daily virus cases hit 3,362 on Wednesday, the highest number since the outbreak of the coronavirus pandemic Source link
January 13, 2021 in Business News -
4 trends that will have a major impact on private equity in 2021
Amidst the general chaos of 2020, investors were hit hard. With economies around the world all but shutting down in March, activity ground to a halt. But as people found ways to work around the restrictions of the pandemic, businesses were able to resume operations and most asset classes began to pick up again, recover,
January 13, 2021 in Investments -
Manufacturing production down 3,5% in November
Manufacturing production decreased by 3,5% in November 2020 compared with November 2019, according to data from Statistics South Africa (Stats SA). The largest contributions to this decrease were made by the following divisions: • petroleum, chemical products, rubber and plastic products (-9,6% and contributing -2,1 percentage points); • food and beverages (-2,9% and contributing -0,9
January 13, 2021 in Manufacturing -
Young buyers fuel sectional title market in Mother City
After having been excluded from the property market by rising prices in recent years, the record-year low interest rates and the current granting of 100% bonds to first-time buyers has swayed more young people to opt for owning rather than renting. Image supplied This is according to Dave Burger, sectional title specialist for Lew Geffen
January 13, 2021 in Property & Real Estate -
Dubai ruler hails virus control measures despite UK u-turn on UAE travel
Sheikh Mohammed says the UAE has the world’s second best vaccination rate in the world Source link
January 12, 2021 in Business News -
2021 (property) resolutions your future self will thank you for
You’ll be forgiven for being hesitant to make resolutions for 2021, what with 2020 being the year of ‘Plans turned upside down!’ So how about skipping the usual “exercise more” or “spend less time on social media” and opt instead for making resolutions for your property. A property is the biggest investment most people are
January 12, 2021 in Property & Real Estate -
Dubai expects household consumption to rise 4% as vaccine rollout expands
Dubai Economy says recent data suggests increase in tourism and retail activity while DXB remains world’s busiest international airport Source link
January 12, 2021 in Business News -
Dubai private sector returns to growth in December but job cuts continue
IHS Markit Dubai Purchasing Managers’ Index shows a strong rise in business activity in December Source link
January 11, 2021 in Business News -
3 wealth management trends to watch in 2021
The Covid19 pandemic has been one of the greatest disruptors in living memory, causing major upheaval across all facets of our everyday life. Within the wealth management space, it has further acted to accelerate many of the changes that were already in the pipeline, seeing three major trends emerge as we enter 2021. Maarten Ackermann,
January 11, 2021 in Investments -
4 strategies to rethink investing in SMES
Last year proved that SMEs are the backbone of the South African economy. Yet, existing debt, lack of cash reserves, outdated financials, and an inability to operate during the national lockdown, forced almost half of South African small businesses to shut down. Kuhle Mnisi, operator investor, Secha Capital Within the SME space, investors play a
January 11, 2021 in Venture Capital -
Major retail operator closes as suppliers say they are owed 'millions'
Gulf Greetings General Trading LLC emailed suppliers on Friday saying it has closed down operations with immediate effect Source link
January 11, 2021 in Business News -
Improving productivity: A guide to being (not doing) more
Dr Ottilia Brown, clinical psychologist with The Lighthouse Arabia, looks at how to increase productivity without burning out Source link
January 10, 2021 in Business News -
Revealed: 5G speeds in the UAE named the fastest in the world
Global SpeedTest field research shows the UAE is world leader, ahead of Saudi Arabia and Norway Source link
January 9, 2021 in Business News -
Business conditions in Lebanon unlikely to improve in 2021, says economist
Lebanese businesses continued to cut staff numbers in December with the rate accelerating to the quickest since July Source link
January 9, 2021 in Business News -
UAE to open all borders to Qatar from Saturday
The UAE will open its borders to Qatar from Saturday, January 9, officials have confirmed following the AlUla peace accord earlier this week. Source link
January 8, 2021 in Business News -
Finding alpha in the age of Covid-19
In the age of the lockdown restrictions, I’m reminded of the quote by Socrates, who said that “the only true wisdom is in knowing you know nothing.” By embracing that notion, we can begin to accept that fundamental economic and investment theories no longer hold. Nema Ramkhelawan-Bhana, head of global markets research, Rand Merchant Bank.
January 8, 2021 in Investments -
America's darkest day since 9/11
I just watched a mob take over America’s Capitol, and it’s no mystery who is responsible Source link
January 7, 2021 in Business News -
US Congress rejects challenge to Biden's electoral votes in Arizona
Mob of Donald Trump’s supporters stormed the Capitol and interrupted the proceedings Source link
January 7, 2021 in Business News -
Qatar deal impact on Gulf economy 'should not be overstated'
Leading economist says major gains are likely for Qatar’s economy but are likely to be relatively slow to accumulate in the wider region Source link
January 6, 2021 in Business News -
Revitalising property markets through inner-city investment and refurbishment
South Africa’s property sector, in general, has shown poor performance during the Covid-19 pandemic. Property stocks have taken a significant hit, where retail and commercial office space have been hit hardest and even some industrial property holdings have been affected. And none of these markets are showing signs of recovery yet. Paul Jackson, CEO, TUHF
January 6, 2021 in Property & Real Estate -
There’s good news as well as bad for the property industry
Looking ahead, here is our forecast for South Africa’s property landscape in the year to come. Customer service Paul Stevens, CEO of Just Property Buyers, sellers, landlords and tenants will be looking for more value in the services that are offered to them. This will lead to an even more competitive business environment. Practitioners in
January 6, 2021 in Property & Real Estate -
UAE aims to vaccinate 50% of population by the end of Q1
More than 820,300 coronavirus vaccinations have been administered in the UAE so far Source link
January 5, 2021 in Business News -
Changing the tourism focus for a post-Covid world
RAK tourism chief Raki Phillips outlines his hopes and ambitions for 2021 Source link
January 5, 2021 in Business News -
Kuwait says two new oil fields have been discovered
Oil minister Mohammad Al-Fares hails achievement of Kuwait Oil Company as it faced coronavirus-related challenges Source link
January 4, 2021 in Business News -
Diversification helps workwear manufacturer weather pandemic
As we bid farewell to 2020, one thing has become clear: no business is immune to crises like the one that hit the private sector as a result of the Covid-19 pandemic. The situation has shaken some of South Africa’s oldest and most prolific businesses, resulting in downscaling, mass retrenchments and the closing of doors,
January 4, 2021 in Manufacturing -
Reopening borders 'vital' to Saudi's economic recovery from coronavirus crisis
Experts welcome return of international travel; Flydubai confirms flights to Dammam and Riyadh are now operating; Emirates to resume flights to Jeddah on Monday Source link
January 4, 2021 in Business News -
Saudi Arabia to reopen borders to international travellers
Relaxation of entry to the kingdom comes with strict health and safety guidelines Source link
January 3, 2021 in Business News -
Virtual currency Bitcoin passes $30,000 for the first time
Just 12 years old, Bitcoin has seen a meteoric rise since March, when it stood at $5,000 Source link
January 2, 2021 in Business News -
Oman mulls $4.2bn borrowing to plug fiscal gap amid Covid, low oil impact
Oman’s government is looking into borrowing that will cover 73% of the country’s OR2.2bn shortfall Source link
January 2, 2021 in Business News -
Revealed: sports dome to be added to Abu Dhabi's Al Maryah Island
Business and lifestyle destination unveils plans to add new recreational, leisure, and entertainment amenities in 2021 Source link
January 1, 2021 in Business News -
Watch Dubai and RAK's spectacular NYE fireworks from the comfort of your sofa
Dubai and Ras Al Khaimah are planning to finish 2020 with a bang despite coronavirus restrictions Source link
December 31, 2020 in Business News -
AfDB approves funding for mini-grid advancement in Africa
The African Development Bank (AfDB) earlier this month approved a $7m grant from the Sustainable Energy Fund for Africa (SEFA) for technical assistance in setting up the Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to boost energy access in remote regions and enhance climate resilience throughout Africa. © Pedro Antonio SalaverrÃa Calahorra – 123RF.com
December 31, 2020 in Energy -
Dubai's hospitality sector eyes strong finish to 2020 after months of uncertainty
Increase in bookings for NYE 2020 fuelled by emirate’s coronavirus response measures, say F&B operators Source link
December 31, 2020 in Business News -
UK-UAE flight bookings slump 43% on strict virus lockdown
Despite initial optimum for the UK-UAE air traffic route, there has been an “immediate” plunge in flight bookings following Britain’s stay-at-home guidelines Source link
December 30, 2020 in Business News -
looking for the best energy solution for the rural poor
But what kind of electricity makes sense in rural Africa to make the most of available budgets? Over the past decade or so, a range of new off-grid solar products have emerged. They don’t run machinery, but they light rooms, power radios or TVs and charge mobile phones. They’re substantially cheaper than expanding the national
December 30, 2020 in Energy -
How a Kuwaiti architect overcame obstacles in a male-dominated industry
Hend Almatrouk says nothing can stop a woman from pursuing her goals as new campaign by Porsche highlights inspirational women Source link
December 30, 2020 in Business News -
Ras Al Khaimah keen to host NYE fireworks spectacular amid tourism recovery
Tourism chief Raki Phillips says important to mark the end of such a challenging year while adhering to Covid rules Source link
December 29, 2020 in Business News -
Emirates implements management changes to cope with 'challenging period'
COO of Dubai-based airline says changes will help stimulate demand Source link
December 28, 2020 in Business News -
AfDB approves Desert-to-Power technical support programme
The African Development Bank (AfDB) recently approved a Desert-to-Power (D2P) technical support programme that aims to advance the rollout of solar generation in G5 Sahel countries. The Desert to Power initiative intends to turn the Sahel region into a renewable powerhouse, harnessing its solar potential to create the world’s largest solar zone. Image source: Gallo/Getty
December 28, 2020 in Investments -
Luitingh and Associates appeal to creditors to join MTI liquidation application
Cape Town firm of attorneys Luitingh and Associates is appealing to all potential creditors to advise them of any claim against the Mirror Trading International (MTI) investment scheme. The appeal comes at a time when two high court applications for the liquidation of MTI were filed by investors unable to withdraw funds. Photo by Scott
December 28, 2020 in Investments -
Section 12J investments more beneficial than only their tax treatments
The government’s tax-incentive to boost economic growth – Section 12J of the Income Tax Act – gives investors more than a mere tax benefit. Investors and wealth managers advising their clients could diversify their portfolios by including private equity-like investments. As with any other decisions to allocate capital, investors should scrutinise the managers who hold
December 28, 2020 in Investments -
Oman launches Covid-19 vaccination campaign
Sultanate has recorded the second highest number of Covid-19 deaths in the Gulf after Saudi Arabia Source link
December 28, 2020 in Business News -
How snooping cyber-criminals could bring down a work-from-home CEO
Sebastien Pavie on why we’re likely to see a dramatic uptick in companies paying crypto ransoms in 2021 Source link
December 27, 2020 in Business News -
UAE healthcare major seeks to create more shareholder value
Dr Azad Moopen wants to focus more on long-term growth plans for the company Source link
December 26, 2020 in Business News -
Deals struck to attract global brands to new Sharjah shopping mall
City Centre Al Zahia, set to open in March, signs agreements with Azadea Group and Landmark Group to bolster retail offerings Source link
December 26, 2020 in Business News -
Dubai's Careem says first super app has amassed 48 million users
Users in the UAE are making an average of three transactions per week, says ride-hailing firm Source link
December 25, 2020 in Business News -
UK-UAE export credit deal set to 'significantly' boost trade corridor
Experts say reinsurance deal is set to lead to an influx of British companies exporting into the region Source link
December 25, 2020 in Business News -
How Beirut's Christmas markets offered hope amid economic, Covid gloom
Organisers say desire to support small businesses proved stronger than the challenge of holding event amid coronavirus pandemic Source link
December 24, 2020 in Business News -
West African solar startup secures $8.5m
Senegal-based startup, Oolu has secured $8.5-milliom in a Series B round of investment led by RP Global, an independent renewable energy developer, and several additional investors namely, Persistent Energy Capital, Shell-seeded impact investor All On, Gaia Impact Fund and DPI Energy Ventures. Featured image: Oolu, Facebook In an official press statement, Leo Schiefermueller, director of
December 24, 2020 in Venture Capital -
Lebanon headed towards 'failed state' without reforms, says IIF
Institute of International Finance urges action to prevent Lebanon lurching in same direction as Venezuela Source link
December 23, 2020 in Business News -
50,000 to be invited to first Dubai NYE celebrations hosted by Zoom
Emaar to collaborate with Zoom Video Communications to host New Year’s Eve celebrations live from Downtown Dubai Source link
December 23, 2020 in Business News -
Foreign investment in Saudi Arabia surges after coronavirus slowdown
New figures reveal over 300 international companies were granted investor licences during Q3, 96% up on previous quarter Source link
December 22, 2020 in Business News -
Oman joins growing list of countries to suspend flights amid new virus strain
Oman says it is closing its air, sea and land ports for a period of one week from early Tuesday morning Source link
December 21, 2020 in Business News -
AfDB approves funding for medium-scale independent power producers in SSA
The African Development Bank last week approved $15m from the Sustainable Energy Fund for Africa (SEFA) and $10m from the Clean Technology Fund (CTF) to advance the African Renewable Energy Fund (AREF) II’s projects in Sub-Saharan Africa. Image source: Gallo/Getty SEFA’s contribution will comprise a package of $10m in equity and a $5m reimbursable grant.
December 21, 2020 in Energy -
Dubai set to extend metro station naming right deals to bus stations
Dubai’s Roads and Transport Authority to initially offer naming rights to five bus stations Source link
December 21, 2020 in Business News -
Profitability of business travel to 'take a bludgeoning', says aviation expert
Saj Ahmad, chief analyst at UK-based StrategicAero Research, told Arabian Business the ‘novelty’ of travelling business class may take as long as ten years to transform back into a ‘necessity’ Source link
December 20, 2020 in Business News -
Dubai's Route 2020 metro extension to start operating on January 1
Dubai’s transport authority initial operational phase will cover four stations – Jebel Ali, The Gardens, Discovery Gardens and Al Furjan Source link
December 20, 2020 in Business News -
Revealed: how Gulf countries compare globally for handling the coronavirus crisis
The UAE has topped the Middle East rankings for the way it handled the impact of the coronavirus pandemic Source link
December 19, 2020 in Business News -
Saudi wealth fund targets $2.7trn assets amid rapid growth
$350bn Public Investment Fund is a key lever for Crown Prince Mohammed bin Salman to revive growth Source link
December 18, 2020 in Business News -
UAE hotel group Rotana sees return to pre-coronavirus trading levels by end-2021
CEO Guy Hutchinson describes Abu Dhabi as ‘real high point of the year’ despite economic tailspin caused by coronavirus Source link
December 18, 2020 in Business News -
UAE-Israeli consortium to snap up troubled Finablr for $1
Affiliate of Prism Group and Abu Dhabi’s Royal Strategic Partners will pay the nominal consideration and provide working capital Source link
December 17, 2020 in Business News -
Challenges, opportunities for manufacturing CFOs now and in the future
The Covid-19 pandemic has brought on massive changes to the manufacturing industry, which has had to adapt to new operating models, an evolving consumer market, and disruptions in supply chain processes, all while keeping the workforce safe and healthy. Integral to the success of a business in overcoming these challenges is the chief financial officer
December 17, 2020 in Investments -
First refinancing transaction for Bokpoort CSP concluded with R5bn deal
Located in the Northern Cape, the ACWA Power Solafrica Bokpoort Concentrated Solar Power (CSP) plant has achieved refinancing in a R5bn deal with its project financiers, led by Investec Bank. The project is part of South Africa’s Renewable Energy Independent Power Producer Procurement (REIPPP) programme. In May this year, the Department of Mineral Resources and
December 17, 2020 in Investments -
Dubai wealth fund takes control of developer Meydan
Investment Corporation of Dubai CEO says embarking on re of business strategy of Meydan, the builder of the emirate’s racetrack Source link
December 16, 2020 in Business News -
South Africa's biggest energy refinancing deal cuts power costs
ACWA Power Solafrica Bokpoort Concentrated Solar Power plant in South Africa’s Northern Cape province generates 50 megawatts Source link
December 16, 2020 in Business News -
15 years on, how Dubai Studio City has put the emirate on global movie map
Dubai Studio City has seen more than 4,000 productions with a total budget in excess of AED400 million over past three years Source link
December 15, 2020 in Business News -
Crypto comes of age in 2020
Despite volatile prices during 2020, cryptocurrency has withstood the Covid-19 stress test and emerged with new support from previous naysayers. Bitcoin, in particular is showing its mettle in the economic turmoil linked to the pandemic. Climbing Bitcoin price amidst turmoil The Bitcoin price burst through its all-time high of $20,000 at the end of November
December 15, 2020 in Investments -
Kuwait post-election cabinet has new finance, oil ministers
New parliament convenes on Tuesday amid what could be a battle for the post of speaker Source link
December 15, 2020 in Business News -
RSA-EU strategic partnership encourages and supports green economic recovery
Ambassador Riina Kionka, the head of the delegation of the European Union to South Africa, Ambassador Martin Schäfer, the German ambassador to SA, and Ambassador Aurélien Lechevallier, the French ambassador to SA, discuss the importance of investing in a green recovery for South Africa as well as the EU’s projects in South Africa. Source link
December 14, 2020 in Energy -
Air traffic between UK and Dubai to climb by a third in December
Bookings are double what’s been experienced in previous months, says Dubai Airports CEO Paul Griffiths Source link
December 14, 2020 in Business News -
#BestofBiz 2020: Property
Comment guidelines and disclaimer LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that
December 14, 2020 in Property & Real Estate -
#BestofBiz 2020: Energy & Mining
What a year 2020 has been! So, we’ve curated the year’s most popular articles, most-read contributors and brand press offices with the most views on Bizcommunity’s Energy & Mining platform into our #BestofBiz2020 list to give you a comprehensive perspective on what’s happened. Read more… | Send to a friend Source link
December 14, 2020 in Investments -
#BestofBiz2020: Finance & Insurance
What a year 2020 has been! So, we’ve curated the year’s most popular articles, most-read contributors and brand press offices with the most views on Bizcommunity’s Finance & Insurance platform into our #BestofBiz2020 list, to give you a comprehensive perspective on what’s happened. Read more… | Send to a friend Source link
December 14, 2020 in Venture Capital -
GCC payments industry to leapfrog other economies in 2021
Payments made via Bahrain’s BenefitPay set to exceed $4bn this year Source link
December 13, 2020 in Business News -
Richard Mille showcases carbon gold
Two new timepieces underscore the brand’s commitment to innovation and craftsmanship Source link
December 13, 2020 in Business News -
MENA economic recovery set to be slowed by weak oil demand, says Fitch
Ratings agency says lower for longer oil prices could raise questions about the GCC’s long-term social and economic models Source link
December 12, 2020 in Business News -
Middle East airlines still waiting to see coronavirus rebound
Latest IATA figures show regional passenger demand was down by more than 86% in October compared to a year earlier Source link
December 11, 2020 in Business News -
All Arab-female TV show to throw spotlight on influencers' industry
ZerosJ Heroes reality drama takes four Arab females on a journey through the world of influencers Source link
December 11, 2020 in Business News -
Lebanon judge indicts PM, 3 ex-ministers over port blast: judicial source
Explosion at Beirut Port in August killed more than 200 people Source link
December 10, 2020 in Business News -
First Indian firms to seek nod for 100% ownership in UAE ventures after rule change
Chemmannur International, FreshToHome among first to take advantage of UAE’s foreign ownership rule changes Source link
December 10, 2020 in Business News -
Sustainability should be paramount in pension fund investment
There is little point in making provision for a comfortable retirement if the society and environment in which you live is untenable. Nor will you actually have a decent pension if the retirement industry doesn’t make sustainable investments with positive social and environmental impacts. The two are inextricably linked. Adam Bennot. senior associate, Alternative Investment
December 9, 2020 in Investments -
Get to know the formula to success
Discover fresh financial perspectives and leadership strategies for your financial success. Elmarie Coetzee Is it possible to ‘learn’ how to be successful? In Stephen R. Covey’s book, The 7 Habits of Highly Effective People, which has remained a best-seller for over 25 years. It suggests that you can learn habits to make yourself more effective.
December 9, 2020 in Investments -
Why the lure of the office is too strong for most UAE employees
Two-thirds of UAE workers say they are keen to return to the office full-time after coronavirus pandemic Source link
December 9, 2020 in Business News -
SA exports locally-produced sanitisers for R1.66bn
The local production of hand sanitisers in South Africa has contributed to saving lives and earning export revenues for the country. This is according to data on South African exports of hand sanitiser products released by Minister of Trade, Industry and Competition Ebrahim Patel on Tuesday. Credit: Sorapong via Pexels Between June and November 2020,
December 9, 2020 in Manufacturing -
Embattled billionaire BR Shetty, son Binay hire restructuring experts
Duff & Phelps says will support family efforts in dealing with financial liabilities related to exposures to NMC and Finablr debts Source link
December 8, 2020 in Business News -
Gas won't save SA's economy
The potential of recent gas finds has given rise to false claims that gas will generate economic prosperity for the country. The reality is that it will be at least a decade, possibly two, before we see any significant impact. In the meantime, the climate impacts will be huge, and we will lock ourselves in
December 8, 2020 in Investments -
5 factors to look out for before investing in a VC
Many entrepreneurs rely on investments from venture capitalists (VCs) to fund their growth. These are usually firms that rely on outside investors for the money they put into startups. Philani Sangweni But not all VC firms are equal. Just as they would for other investment vehicles, investors need to do their homework before committing cash
December 8, 2020 in Venture Capital -
First UAE nuclear power plant hits full power, to start commercial ops in early 2021
Emirates Nuclear Energy Corporation announces milestone as Unit 1 becomes the largest single source of electricity in the UAE Source link
December 8, 2020 in Business News -
ESG investment can help Africa’s economic recovery
Covid-19 has hindered Africa’s growth, demanding new approaches to economic development, and raising the focus on environmental, social and corporate governance (ESG) issues. Nigel Beck, executive head, sustainable finance, Standard Bank Group Even before Covid-19, the sustainable finance market was flourishing. In 2019, sustainable debt issuances reached a record high of $415bn globally – up
December 7, 2020 in Investments -
How a former Googler is targeting one million Gulf users with learning app
According to Scoodle’s CEO, Ismail Jeilani, the global coronavirus pandemic doubled the app’s metrics overnight Source link
December 7, 2020 in Business News -
Kuwaiti voters replace more than half of sitting parliament
None of the 28 women candidates were elected, including the only female member of the outgoing chamber Source link
December 6, 2020 in Business News -
Why Saudi oil giant Aramco is getting into sport sponsorship
As a F1 global sponsorship partner, Saudi Aramco hopes to influence the future of sustainable fuels, engines and mobility technology Source link
December 6, 2020 in Business News -
$2.6bn plan unveiled to revive Lebanon's fortunes after Beirut port disaster
European Union, the United Nations and the World Bank launch an 18-month Lebanon Reform, Recovery and Reconstruction Framework Source link
December 5, 2020 in Business News -
How Joe Biden might work with Saudi Arabia on regional issues
President of the Arab Gulf States Institute of Washington believes that the Biden team will overcome objections to work closely with Gulf kingdom on regional issues Source link
December 5, 2020 in Business News -
Kuwait's Floward makes European debut with London e-commerce launch
Online flowers and gifts delivery platform has launched in London, marking its first expansion outside of the Middle East region Source link
December 4, 2020 in Business News -
Saudi wealth fund said to eye $7bn loans for new investments
Sources say Public Investment Fund has approached international banks to participate in a US dollar revolving facility Source link
December 3, 2020 in Business News -
Africa’s power demand to keep rising between 4-5% per year
Total electricity generation in Africa stood at 870TWh in 2019, an increase of 2.9% from 846TWh in 2018. Africa’s electricity generation capacity has grown at an average of 4.8% per annum since 2008, compared to 2.7% globally. Nonetheless, Africa’s share of global electricity generation has been around 3% since 2000. Image source: Getty/Gallo In 2021
December 3, 2020 in Energy -
Mixed outlook for SADC property markets as impact of Covid-19 becomes clearer
Driven by the low interest rate and favourable mortgage lending climate, South Africa’s housing market is currently experiencing a post-lockdown bounce-back – especially in the low to middle-income suburbs, according to Samuel Seeff, chairman of the Seeff Property Group. For neighbouring SADC countries, however, its been a mixed bag, he says, as these real estate
December 3, 2020 in Property & Real Estate -
The forex roller coaster rider isn’t over yet
With the US elections still fresh in our minds, a Covid vaccine on the horizon and the South African economy still under significant strain, 2021 is going to be a revealing year. For anyone trading in forex at the moment, things are currently quite unclear. And with a lack of clarity comes volatility in the
December 3, 2020 in Investments -
Saudi Aramco listing fears unfounded as Tadawul eyes new IPO deals into 2021
Concerns that the $29bn Aramco deal would soak up all the available local liquidity for years have not been realised Source link
December 3, 2020 in Business News -
More Swiss investment in the UAE likely after law change, says foreign minister
Ignazio Cassis says he hopes Swiss firms can benefit from rule on full foreign ownership of onshore companies Source link
December 2, 2020 in Business News -
Unpacking ways to promote and protect investments in Africa
For many years the African continent has been presented with countless opportunities from potential investors around the world, which have equally exposed Africa to potential risks. However, the increasing interest in the continent has required much needed mechanisms that will unpack the fundamentals of protecting investments in Africa going forward. Above: Justice David Unterhalter, Keynote
December 2, 2020 in Investments -
YID-Textiles Programme to empower business-minded youth in SA townships
Non-profit organisation Technoserve has introduced a Youth Ideas Development (YID) Textiles Programme, aimed at empowering township-based youth and helping to revive South Africa’s textiles sector. ©Katechatporn Didkaew via 123RF “The YID-Textiles Programme will provide youth around Gauteng, Western Cape and KwaZulu-Natal townships with certified textiles training, entrepreneurship training and seed capital or experiential learning opportunities
December 2, 2020 in Manufacturing -
Bahrain's GFH buys school for special needs as $250m education portfolio builds quickly
Athena Private School for Special Education in Bahrain has a capacity for nearly 1,500 pupils Source link
December 1, 2020 in Business News -
Digital company acquisitions to face closer scrutiny by competition authorities
The Competition Commissioner during the Commission’s Annual Conference (in November 2020), noted that the Commission will take a “decisive and proactive stance to ensure the balance of economic forces favour a shift to facilitating entry and a more competitive digital economy”. Proposed changes for the industry may be far-reaching and may include a possible requirement
December 1, 2020 in Investments -
Virtual Manufacturing Indaba to gather experts from across Africa
Leading figures within sub-Saharan Africa’s manufacturing sector will convene virtually at the Manufacturing Indaba 2020 – taking place online between 9-10 December – to debate pressing issues impacting the region’s industrial landscape. Getty Due to safety concerns and restrictions resulting from the Covid-19 pandemic, the event is being held virtually, at no cost to attendees,
December 1, 2020 in Manufacturing -
Forex trading in the current climate
“With the US Elections still fresh in our minds; a Covid vaccine on the horizon and the South African economy still under significant strain, 2021 is going to be a revealing year. For anyone trading in forex at the moment, things are currently quite unclear. And with a lack of clarity comes volatility in the
December 1, 2020 in Investments -
What does the future of coffee look like? And, why should we care?
Why Alan Yau, the innovator behind Wagamama, Hakkasan and Yamabache, is currently fascinated by the business of coffee Source link
December 1, 2020 in Business News -
ESG moves beyond niche into the mainstream
Socially responsible investing has long been considered niche, but as the impact of investments is being measured beyond just financial returns, environmental, social and governance (ESG) considerations has shifted into the mainstream. Premal Ranchod, head of ESG research, Alexander Forbes Investments The numbers also point to increased attention in this space. Morningstar reported global fund
December 1, 2020 in Investments -
Contactless payments in a post coronavirus world
JK Khalil, cluster manager for Saudi Arabia and Bahrain at Mastercard, explains how the pandemic has accelerated the Gulf’s e-commerce journey Source link
November 30, 2020 in Business News -
Packaging during Covid-19 and beyond
Looking back, 2020 has been full of change – from switching our regular office jobs to remote work, and doing the bulk of our shopping online, the world is a very different place from what it was a year ago today. ©George Tsartsianidis via 123RF These major disruptions within our lives have also affected businesses.
November 30, 2020 in Manufacturing -
Africa poised to benefit from strong European backing in its recovery
The Covid-19 global pandemic may result in 2020 seeing the worst year of growth for the global economy in 40 years, but there remains “huge untapped potential” in the trade relationship between Southern Africa and Europe. Mosa Tshabalala – CEO of GDDA on assisting with businesses to invest in Gauteng This was the overwhelmingly positive
November 30, 2020 in Investments -
Uptick in SA commercial property sellers now turning to vendor loans
Fairly well known internationally, vendor loans (or vendor finance) are now growing in popularity in South Africa’s commercial property markets, according to Gary Palmer, CEO of Paragon Lending Solutions. Gary Palmer, CEO of Paragon Lending Solutions Palmer says his team has seen an uptick in the number of companies and individuals who want to take
November 30, 2020 in Property & Real Estate -
Dubai gets Arab Gulf's first, and perhaps last, coal power plant
Capacity at $3.4bn Hassyan coal plant to be increased from an initial 600 mega watts to 2,400 by 2023 Source link
November 30, 2020 in Business News -
Accountants have key role to play as industries rebuild post-coronavirus
Global economy is experiencing a once-in-a-generation shock, but it is a time when the accountancy profession must lean into its role as business advisers Source link
November 29, 2020 in Business News -
UAE's Masdar signs JV deal for energy from waste projects in Australia
Abu Dhabi-based renewables major inks agreement as about 27 million tonnes of waste is landfilled in Australia Source link
November 28, 2020 in Business News -
What's the truth about Lebanon's soaring inflation rate?
Official figures indicate Lebanon’s inflation rate rose to record high of 136% in October but top expert says it could be as high as 365% Source link
November 28, 2020 in Business News -
Beefmaster Group pumps R30m into Kimberley plant upgrades
South African beef company, Beefmaster Group, is investing more than R30m into equipment upgrades at its production plant in Kimberley. The upgrades will enable the company to scale up production and create approximately 30 new jobs. Credit: Beefmaster Group According to group CEO Louw van Reenen, the purpose of the upgrades is to ensure that
November 27, 2020 in Manufacturing -
Saudi Central Bank updates mandate as FinTech offer growth options
Fundamental operating principles of central bank are changed for the first time in more than 60 years Source link
November 27, 2020 in Business News -
Wierzycka hits out at large asset managers for foreign investment roadblock
Large asset management firms protecting their turf are behind the abrupt suspension of the National Treasury circular allowing higher ratio of offshore investments for pension funds, says Sygnia Investments chief executive officer Magda Wierzycka. Magda Wierzycka, CEO, Sygnia Investments Earlier this week, National Treasury issued a joint statement with the South African Reserve Bank (Sarb)
November 27, 2020 in Investments -
How GCC investor confidence has recovered after Q2 coronavirus hit
Iridium Advisors’ research shows Saudi Arabia investor sentiment recovered the most by 32 points Source link
November 26, 2020 in Business News -
Will Regulation 28 be amended to accommodate Sarb’s announcement on ETFs?
On 29 October 2020, the South African Reserve Bank (Sarb) published an exchange control circular (Circular 15/2020) which in effect reclassifies all remaining foreign debt and derivative instruments as well as exchange traded funds (ETFs) referencing foreign assets, that are inward listed on a South African exchange and are traded and settled in rand, as
November 26, 2020 in Investments -
The importance of perspective in the current market
Cash has outperformed all other local asset classes, including equities, for an extended period. In equity markets, we have seen a similar (if less pronounced) kind of abnormality play out, with a narrow subset of stocks dominating overall market returns as the rest of the market languishes in neglect. Anet Ahern, CEO, PSG Asset Management
November 26, 2020 in Investments -
Immerse yourself in the Waldorf Astoria, Ras Al Khaimah
The towering grandeur of this palace by the sea, some 60 minutes from Dubai, is simply titanic Source link
November 26, 2020 in Business News -
Buy local this festive season, for the sake of SA’s economy
According to Proudly South African, consumers who loosen their purse strings during the upcoming holiday season and buy local instead of imported products could help improve South Africa’s economic outlook by making a dent in the R1.1tn per annum presently spent on imports. At the same time, they would be contributing to developing a stronger
November 25, 2020 in Manufacturing -
Prevention is better than a cure!
The world is currently experiencing one of the worst health pandemics since the Spanish Flu in 1918. Not only has this had an impact on the health infrastructure of many countries, but it has resulted in economic turbulence in many markets with the looming potential of a global economic downturn if recovery efforts are not
November 25, 2020 in Venture Capital -
How improved regulation is playing key role in Bitcoin revival
ADGM senior exec says Abu Dhabi has seen uptick in registrations of fintech businesses during the coronavirus pandemic Source link
November 25, 2020 in Business News -
Commercial real estate and the endless quest for yield
Returns (or yields) determine the value of a commercial property, with the general rule of thumb being the lower the price of purchase in relation to the rental, the higher the yield. John Jack, CEO of Galetti Corporate Real Estate Simply put, the yield is calculated by taking your annual net rental income received from
November 25, 2020 in Property & Real Estate -
Several contributing factors set to potentially see property market through these tough times
After last month’s bleak Medium-Term Budget Policy Statement by finance minister Tito Mboweni, South Africans are settling in for a long and uncertain road to economic recovery. There’s no doubt that our country is in a tough financial position. However, it’s positive to see the government taking responsibility and looking to its spending to address
November 24, 2020 in Property & Real Estate -
3 ways ERP helps manufacturers do more with less
Anton Oosthuizen Subsequently, ERP has become the backbone of most manufacturing concerns, giving manufacturers instant, real-time visibility into their entire business – from shop floor to top floor. It boosts productivity and efficiency, easily adapts to new manufacturing methods and evolving business strategies, and automates and stores business transactions and data in one central place.
November 24, 2020 in Manufacturing -
Twyg Sustainable Fashion Awards 2020 winners list
The winners of the second annual Twyg Sustainable Fashion Awards were announced on Thursday, 19 November during a ceremony at Rewoven’s recycling textile warehouse in Cape Town. The event was co-hosted with Future of Fashion, a Rewoven initiative. Changemaker Award winner Lara Klawikowski with Twyg’s Jackie May and Country Road’s Elouise Brink and Sylvia Tekanyo
November 23, 2020 in Manufacturing -
SA moves further into junk status
Two out of the three global ratings agencies blamed the Covid-19 pandemic and the effects of lockdown on South Africa’s economy for further downgrading the country’s investment status. Finance Minister Tito Mboweni Moody’s moved South Africa’s long-term foreign and local currency debt ratings from Ba1 to Ba2, with a negative outlook. The agency said the
November 23, 2020 in Investments -
Saudi Arabia's Acwa Power set to raise $1bn in sukuk sale
Sukuk to be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan Source link
November 23, 2020 in Business News -
From air to land to sea: Watches for every environment
With cooler climates finally here in the UAE, it’s time to embrace the best of outdoor adventures. What better way to do so than with timepieces designed to go with you from high altitude to beneath the ocean waves Source link
November 22, 2020 in Business News -
Saudi Arabia opens G20 with global call to overcome coronavirus crisis
Virtual forum set to be dominated by efforts to tackle the coronavirus pandemic and the worst global recession in decades Source link
November 21, 2020 in Business News -
Why Emirates remains 'well armoured' to weather coronavirus crisis despite huge losses
Top aviation analyst says Emirates is being ‘proactive’ in trying to safeguard its future amid challenging times Source link
November 21, 2020 in Business News -
Saudi wealth fund raises stake in energy firm ACWA ahead of IPO
Public Investment Fund increases holding in ACWA Power International to 50% ahead of an initial public offering Source link
November 20, 2020 in Business News -
Interest rate disappoints, but South Africans will buy property this festive season
The decision by the South African Reserve Bank (SARB) to retain the repo rate at 3.5% (home loan base rate at 7%) is disappointing and out of step with the economy. A rate cut would have provided a vital business and consumer boost ahead of the busy retail and holiday season, freeing up cash to
November 20, 2020 in Property & Real Estate -
Low interest rate, realistic pricing sustaining buoyant property market
As anticipated, the Monetary Policy Committee (MPC) kept the repo rate on hold at its meeting this week. While interest rates have already been reduced by 300 basis point for the year to date, to a near 50-year low of 3.5%, several analysts argued that there was in fact room for a further rate cut
November 20, 2020 in Property & Real Estate -
Heineken keeps SA Investment Conference 2019 promises
After experiencing tremendous growth between 2015 and 2019, which saw the brewer become the second biggest player in the local market, Heineken South Africa announced a R1.6bn local investment at the 2019 South Africa Investment Conference. This amount was earmarked for a number of projects, most notably the extension of its brewery facility in Sedibeng.
November 20, 2020 in Manufacturing -
Saudi's $20bn Diriyah Gate on schedule to attract 'millions' of visitors
CEO of the Diriyah Gate Development Authority says waiting for green light on launching events amid coronavirus crisis Source link
November 19, 2020 in Business News -
SABS appointed as test house for World Rugby equipment
The governing body for international rugby, World Rugby, has appointed the South African Bureau of Standards (SABS) as the first Test House in the southern hemisphere to test padded clothing against the requirements of World Rugby’s Regulation 12. World Rugby requires that manufacturers successfully test their products against the specifications before it can be used
November 19, 2020 in Manufacturing -
Lack of investment could scupper Africa’s SDG goals
Africa is not getting the investment needed to help the world meet the United Nation’s (UN’s) Sustainable Development Goals (SDGs) by 2030. Sunil Kaushal, regional CEO, Africa & Middle East, Standard Chartered. A survey conducted between July and August 2020, amongst a panel of the world’s top 300 investment firms with total assets under management
November 19, 2020 in Investments -
The role of blockchain in Africa’s energy transition
Blockchain is expected to play an essential role as African countries transition towards a distributed, digitised, and decentralised power system. Chanda Nxumalo, director, Harmattan Renewables The increasing volumes of embedded renewable generation, such as wind and solar PV, have led to a reduced reliance on centralised power sources and energy grids. In doing so, this
November 19, 2020 in Energy -
Women can lead the way in a post-coronavirus 'she-covery'
Pre G20 discussion says a global recovery cannot be conceived of without women being at the heart of the conversation Source link
November 19, 2020 in Business News -
Saudi women blazing a trail is now the norm as the G20 focuses on empowerment
Jochem-Jan Sleiffer, president, Middle East, Africa and Turkey, Hilton discusses the transformation taking place on the ground in Saudi Arabia Source link
November 18, 2020 in Business News -
Energy and infrastructure: The African economic multiplier
Forward thinking investors and entrepreneurs in the African energy sector will deliver significant downstream benefits for the continent in the coming years. Bhavtik Vallabhjee, head: power utilities and infrastructure, Absa Corporate and Investment Banking While there has been much focus on energy programmes in Africa recently, we need to ensure that the narrative is not
November 18, 2020 in Investments -
Greater investment needed in Africa to meet UN SDGs 2030 deadline
The survey found that: Only 3% of their AUM is invested in Africa; Lack of investment in emerging markets puts the chances of meeting the 2030 SDG deadline at risk; Of those already investing in Africa, 93% say they will likely increase their investment in the future. Emerging markets are seeing a massive shortfall in
November 18, 2020 in Investments -
Sir Martin Sorrell talks US-China tensions, coronavirus and Joe Biden
Top British businessman talks to Arabian Business ahead of the G20 Summit that takes place in Saudi Arabia next weekend Source link
November 18, 2020 in Business News -
Saudi wealth fund cuts holdings in US stocks by $3bn
Public Investment Fund cuts its US holdings to $7bn but holds on to $2.7bn stake in Uber Source link
November 17, 2020 in Business News -
How Dubai is becoming more transparent to attract real estate investors
Dubai climbs the Global Real Estate Transparency Index after launching official residential index Source link
November 16, 2020 in Business News -
Pros and cons of renting vs buying as tenants reconsider their priorities
While many – particularly the millennial generation – chose to travel and live more ‘freely’ in the past, priorities have since changed, says Grant Smee, property investor, entrepreneur, and MD for Only Realty. Driven by attractive interest rates and more lenient loan criteria, tenants now have their sights firmly set on owning a home. Image
November 16, 2020 in Property & Real Estate -
Will SA’s short-term insurance industry weather the Covid-19 storm?
Since March 2020, the Covid-19 pandemic has been negatively impacting economies, affecting supply chains and challenging industries globally. The global short-term insurance industry has not been spared, with the sharpest economic contraction since the Great Depression of the 1930s, predicted to result in a significant decrease in demand for short-term insurance in 2020. However, the
November 16, 2020 in Investments -
Unpacking the macro property risks in SA’s 3 major provinces post-lockdown
Earlier in the year, we discussed the three major provincial regions’ (Gauteng, KZN and Western Cape) property markets’ ability to handle the major economic shock emanating from the coronavirus-related lockdowns. In order to handle such a shock, the financial and structural health of the market is important. For signs of such health we looked at
November 16, 2020 in Property & Real Estate -
Abu Dhabi expands freelance licences in bid to boost economy
Licences will allow UAE citizens, residents and non-residents to practice around 48 economic activities Source link
November 16, 2020 in Business News -
Red Hat: 'GITEX 2020 is the perfect platform to introduce new innovations to the market'
Adrian Pickering, Regional General Manager, EMEA, Red Hat, looks at the issues affecting businesses in the region, and explains why attending GITEX Technology Week 2020 is so important for his company Source link
November 15, 2020 in Business News -
Revealed: how the UAE's $672bn nation brand compares globally
UAE’s brand value is boosted by initiatives such as its mission to Mars, the normalisation of ties with Israel and Expo 2020 Dubai – report Source link
November 14, 2020 in Business News -
How Abu Dhabi International plans to improve the air passenger experience
Abu Dhabi International Airport is trialling a new enhanced Smart Travel system with some Etihad Airways passengers Source link
November 14, 2020 in Business News -
Remote working trend triggers spike in KZN North Coast semigration
According to Vernon Vogt, principal of Jawitz Properties North Coast, Covid-19’s impact on how we live, work and play has been particularly felt on the KwaZulu-Natal North Coast, with a spike in semigration interest in the area. Image supplied “The KZN North Coast has seen as much as 60% of buyers for new off-plan developments
November 13, 2020 in Property & Real Estate -
Green industries to aid SA’s economic recovery
The Department of Environment, Forestry and Fisheries has published the regulatory framework for extended producer responsibility (EPR) schemes as part of government’s effort to contribute towards the economic recovery plan. “These EPR schemes are part of the Reconstruction and Economic Recovery Plan recently announced by the president as key contributors towards green economy initiatives,” the
November 12, 2020 in Manufacturing -
How the profile of typical property investors in SA has been turned on its head
A few years ago, the typical property investor in South Africa was male and between the ages of 30 and 40, but the latest figures reveal a significant change in who is investing in property in South Africa. Young, black and female – it is now young women who are driving the investment market. “The
November 12, 2020 in Property & Real Estate -
Dubai said to seek buyer for airport cooling operations
Sources say Standard Chartered has been hired for the transaction which could be valued at around $750m Source link
November 11, 2020 in Business News -
Meaningful action urgently needed to clean up the energy system
As we add impetus to the global move to a cleaner, more sustainable energy system, perhaps the greatest obstacle we face is the enormous financing requirement that this step change in our economies will face. John Green, chief commercial officer, Ninety One Experts like the Climate Finance Leadership Initiative tell us that the financing required
November 11, 2020 in Investments -
Lightstone data reveals the age groups dominating property investment in SA
According to property data analytics provider Lightstone, around 40% of multiple residential property owners in South Africa fall between the ages of 36-49 years, while 38% of multiple property owners fall between 50-64 years. Holiday homes are included in the investment property category. As demonstrated in the above graph, Generation Xers – those born between
November 11, 2020 in Property & Real Estate -
What a terrible, horrible, no good, very bad year has taught us
After a year in which the world has been hammered by a deadly pandemic, communities ripped by police brutality, plunging global growth, the loss of hundreds of millions of jobs, protests and corporate collapses, 2020 has reset the bar on what Queen Elizabeth termed an annus horriblis in 1992. Dr Adrian Saville, chief executive officer,
November 11, 2020 in Investments -
Board of Dubai's Arabtec to hold further liquidation talks on Thursday
Construction giant is seeking to meet an end of November deadline set by shareholders to submit the liquidation application Source link
November 11, 2020 in Business News -
Can the G20 help to shape Saudi Arabia's economic future?
While Saudi Arabia may be unable to welcome global visitors in person to this year’s G20, opportunities remain for King Salman Bin Abdulaziz Al Saud to back up his strong year as president by showcasing the kingdom to the world Source link
November 10, 2020 in Business News -
Hard and fast rules a good property investor should never ignore
With the interest rate at all-time low, and the market geared to favour buyers, now is an ideal time to consider building on a property portfolio, says Giel Viljoen, principal at Leapfrog Stellenbosch. He shares some hard and fast rules that seasoned investors never ignore when looking to add to their property portfolio. Giel Viljoen,
November 10, 2020 in Property & Real Estate -
Why tech companies should open offices in small towns, villages
Tech companies and workers have for a while been eyeing smaller cities to escape the exorbitant real estate costs, manic lifestyles, and endless traffic jams in traditional tech hubs. Now is the right time for this trend to pick up as Covid-19 has induced massive reverse migration with employees moving back to their homes, closer
November 10, 2020 in Property & Real Estate -
Dubai expat vows to keep up pressure on UK over UAE flight rules
Petition to include the UAE on list of UK travel corridors currently stands at more than 21,000 signatures Source link
November 9, 2020 in Business News -
Why asset allocation is the most important contributor to long-term returns
Stories are often enthusiastically shared around the dinner table about who has picked a winning stock or how much value a share offers, but it’s very rare to hear mention of how an investor picked a winning asset class – or more to the point avoided a losing one (aside from the dreaded Bitcoin conversation,
November 9, 2020 in Investments -
Top trends set to impact SA’s commercial property market in 2021
Covid-19 simply accelerated many existing trends, like retail footprint reductions and the appeal of quality retail assets outside of big cities. Norman Raad, CEO of Broll Auctions 2020 may go down as the year when big cities around the world lost their appeal, both as a place to work and live. Gauteng businessmen and their
November 9, 2020 in Property & Real Estate -
How the UAE could benefit from pent up demand driving jewellery sales during Diwali
The UAE is the second largest gold exporter to India after Switzerland Source link
November 9, 2020 in Business News -
Etihad takes steps to become mid-sized carrier to weather coronavirus storm
New operational model will result in a number of changes to the executive leadership team Source link
November 8, 2020 in Business News -
Joe Biden declared US election victor despite Trump protests
Donald Trump has refused to concede and has vowed to fight the results of the US election Source link
November 8, 2020 in Business News -
Why Formula 1 in Saudi Arabia is not just a race, it's part of a journey
As it is confirmed that first-ever Saudi Arabian Grand Prix will take place in Jeddah next year, Prince Khalid bin Sultan Al Faisal Al Saud, president of the Saudi Arabian Motor Federation, speaks exclusively to Arabian Business Source link
November 7, 2020 in Business News -
How Arab and Muslim-Americans may have helped Biden win Michigan
Polls show Muslim-Americans voted in record numbers in this week’s still-contested US election Source link
November 6, 2020 in Business News -
Using business as a catalyst for positive social change
Derek Thomas The Vumela Fund has announced the provision of a significant debt facility to Letsema Consulting and Advisory, positioning Letsema to take advantage of growth opportunities, furthering their significant economic and social impact in South Africa. Letsema, founded in 1996, is a 100% black-owned management consulting firm at the heart of a diversified investment
November 6, 2020 in Venture Capital -
Lowest prime rate in decades driving tenants towards home ownership
Currently at 7%, the prime rate is at its lowest level in decades, driving more South African tenants to consider property ownership. PayProp head of data and analytics Johette Smuts cautions, however, that while real estate is a much desired asset, it is important to remember that home ownership is a long-term commitment, often going
November 6, 2020 in Property & Real Estate -
Trends in fund domiciliation and capital raising
New research shows that the choice of fund domiciliation has become an increasingly salient issue for investors and fund managers, and that there are still enormous opportunities for driving capital in Africa. Sandton, South Africa’s financial hub 123rf.com The objective of the report, South African Fund Managers: Trends in Fund Domiciliation and Capital Raising is
November 6, 2020 in Investments -
Isuzu SA named winner of Overall Manufacturer of the Year award
Isuzu Motors South Africa (Imsa) was named the winner of the Overall Manufacturer of the Year award at the recent 2020 Southern African Vehicle Rental and Leasing Association (Savrala) Manufacturer of the Year (MOTY) Awards. Imsa scooped the Gold Award through the attainment of the highest results in both the leasing and the rental categories,
November 6, 2020 in Manufacturing -
Middle East airlines see 90% slump in September passenger demand
Regional airline capacity and load factor also sink as coronavirus continues to impact the aviation industry Source link
November 6, 2020 in Business News -
Tuffy teams up with WWF SA to drive plastic waste awareness
South African packaging manufacturer Tuffy has partnered with WWF SA to drive education, awareness and behaviour change around plastic waste. South Africa’s Department of Environment, Forestry and Fisheries has identified the country’s ‘green economy’ as a sector that could contribute to economic recovery from the devastating impact of Covid-19. The negative effect plastic waste is
November 5, 2020 in Manufacturing -
How coronavirus has changed the construction industry for the better
Pandemic has accelerated the adoption of technology, boosting efficiences in the construction sector, says expert Source link
November 5, 2020 in Business News -
Abu Dhabi to update coronavirus rules for entering emirate from Sunday
Abu Dhabi Emergency, Crisis and Disasters Committee’s update obliges residents and visitors to undergo additional tests in the emirate based on their period of stay Source link
November 4, 2020 in Business News -
What entrepreneurs should know before approaching a VC for funding
As any South African venture capitalist (VC) will tell you, just keeping up with all the emails from entrepreneurs asking for funding can be a full-time job in and of itself. Unfortunately, even if we reply to every email, we have to turn down most of those applications. Philani Sangweni, managing partner at Entrepreneurs for
November 4, 2020 in Venture Capital -
US election uncertainty rattles markets
Global markets will be wildly rattled by the uncertainty of the US presidential election, but investors should sit tight and not reposition yet. As the drama of the closely run race to the White House plays out, and President Donald Trump claiming victory – even before all votes have been counted – branding the election
November 4, 2020 in Investments -
Energy resources can spark Africa’s economic growth
Despite the Covid-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising developments. Look at Uganda’s oil and gas industry. Following multiple petroleum discoveries in Uganda’s Albertine Graben, foreign investments there have reached nearly $20bn. The resulting projects include a refinery being built by the Uganda National
November 4, 2020 in Investments -
Why 2020 does not compare to the 2008 housing market crash
When the national lockdown was first announced at the end of March, the real estate industry braced itself for another housing market crisis similar to that of the 2008 crash. Unprecedently, the market has bounced back and has shown very few similarities to that of the crash twelve years ago. Adrian Goslett, regional director and
November 4, 2020 in Property & Real Estate -
Webinar: Post-pandemic opportunities in packaging
To mark the week in which Propak Cape 2020 would have taken place had it not been postponed due to Covid-19, industry experts shared insights around the latest packaging trends and technologies during a Propak Cape Connect ‘Opportunities in Packaging in the New Normal’ webinar. The webinar was open to all interested parties free-of-charge and
November 4, 2020 in Manufacturing -
Investing smart in healthcare and paying it forward – join our vital webinar today
The first of a three-part special webinar series hosted by Arabian Business will investigate how investing in innovation can provide a way forward for healthcare systems tested by Coronavirus Source link
November 4, 2020 in Business News -
Lebanon's PM urges central bank to hand over documents for audit
Alvarez and Marsal has been denied access to key documents for a forensic audit of the Bank of Lebanon as part of measures towards reforms Source link
November 3, 2020 in Business News -
Radisson debuts fourth brand in SA
The Radisson Hotel Group has announced the debut of its fourth brand in South Africa, the upscale Radisson, with the opening of Radisson Hotel & Convention Centre, Johannesburg, O.R. Tambo. This new addition further strengthens the group’s presence in one of its key African markets and brings the South African portfolio to 16 hotels in
November 3, 2020 in Property & Real Estate -
Gold Pack Awards 2020 showcases SA’s best packaging solutions
The winners of this year’s Gold Pack Awards were announced during an online ceremony last week. Established in 1974, the annual competition is organised and presented by the Institute of Packaging SA and is regarded as the premier event for South Africa’s packaging industry. The Gold Pack Awards promote leading design innovation in the packaging
November 3, 2020 in Manufacturing -
Dubai Islamic Bank completes Noor Bank integration to create $81bn giant
DIB’s group CEO says banking integration firmly cements Dubai’s position as the epicentre of the global Islamic economy Source link
November 3, 2020 in Business News -
Housing deficit, pandemic, recession, inflation
Real estate has become a global asset class and, as a developing nation, the Nigerian real estate market continues to evolve at an impressive pace. This is owing to Nigeria’s rapid population growth as well as the upward surge in the emergence of a more energetic, goal-driven, and technology-enlightened young working population. Noah Ibrahim, CEO,
November 2, 2020 in Property & Real Estate -
Dubai payment gateway firm offers e-commerce service to SMEs
TelrShops launched as SMEs struggle to compete in a sector that has seen rapid growth during the global coronavirus pandemic Source link
November 2, 2020 in Business News -
Key macro impacts of government finance on commercial property market
In the recent Medium-Term Budget Policy Statement (MTBPS), National Treasury laid out its GDP (gross domestic product) growth projections to 2023. GDP growth is forecast to decline by -7.8% in 2020, before “partly recovering”, growing 3.3% in 2021, 1.7% in 2022 and 1.5% in 2023. This implies that the level of GDP (the most popular
November 2, 2020 in Property & Real Estate -
RMB announces brand refresh
Rand Merchant Bank (RMB) has announced an investment in its brand – recently valued at R4bn by Brand Finance – to align with its evolved business strategy and a rapidly advancing digital business environment. “A lot has happened since our last brand refresh in 2006, both in terms of our operating strategy and the business
November 2, 2020 in Investments -
SAIBPP welcomes commitment to invest in housing infrastructure
Following finance minister Tito Mboweni’s 2020 Medium-Term Budget Policy Statement, the South African Institute of Black Property Practitioners (SAIBPP) has welcomed the commitment to invest in housing infrastructure and the increasing support for moderate to low-income workers with the subsidies to impact social housing. Finance minister Tito Mboweni. Image source: Flickr/GovernmentZA “We believe this will
November 2, 2020 in Property & Real Estate -
Saudi tourism megaproject near to closing $3.7bn loan
So far the Red Sea Development Co. has awarded $1.87bn of contracts and plans to award a total of $4bn by the end of the year Source link
November 1, 2020 in Business News -
UAE forms new committee to ensure business continuity amid coronavirus impact
National Covid-19 Crisis Recovery Management and Governance Committee is formed as UAE forecasts 5.2% economic contraction in 2020 Source link
November 1, 2020 in Business News -
New car sales plummet in Lebanon putting dealerships at risk
Automobile Importers Association warns worse is to come after new car sales slump by 74% so far in 2020 Source link
October 31, 2020 in Business News -
India complains to Saudi Arabia over G20 banknote
Foreign ministry in New Delhi expresses ‘serious concern’ over a new SR20 note issued to mark Saudi Arabia’s presidency of the powerful G20 Source link
October 30, 2020 in Business News -
Tiger Brands concludes sale of meat processing businesses
Food producer Tiger Brands has concluded the sale of its value-added meat processing businesses to Silver Blade Abattoir, a wholly-owned subsidiary of poultry group Country Bird. Tiger Brands lists the Enterprise, Renown, Bokkie and Miele-Kip brands under its value-added meat products category. The sale to the Country Bird subsidiary includes Tiger Brands’ processing units in
October 30, 2020 in Manufacturing -
How online higher education is opening doors for Arab youth
Remote learning widens access to university degrees for students who wouldn’t have been able to afford quality higher education Source link
October 30, 2020 in Business News -
Are prescribed assets bad for the country?
The short answer is yes, but it is a little more complicated than that, as there could be benefits too. Contrary to popular perception, prescribed assets are not a process by which the government takes a portion of your retirement funds, which decreases the value. Instead, it is a mandatory requirement for an institution (most
October 30, 2020 in Investments -
Why the audit of Lebanon's central bank has ground to a halt
Auditor Alvarez & Marsal is unable to complete its investigation because it is being denied access to nearly 100 documents Source link
October 29, 2020 in Business News -
Why a recession is actually a good time to buy property
Now on Level 1 lockdown, it is hopeful that South Africa is on the path to economic recovery, however, there is still some way to go, with the economy anticipated to shrink by 7.8% this year. In terms of the property sector, the knock-on impact is that buyer confidence is low – something that cannot
October 29, 2020 in Property & Real Estate -
All about creating confidence, positive sentiment in our economy
The minister of finance Tito Mboweni hit the nail on the head during the Medium-Term Budget Policy Statement (MTBPS) when he said that it is not only investors who need confidence, but also the average South African. Dr Andrew Golding, chief executive of the Pam Golding Property group Confidence, and within that the key ingredient
October 29, 2020 in Property & Real Estate -
Abu Dhabi launches new licences to boost foreign investment
Foreign Direct Investment Licences will enable investors in many sectors to hold 100% ownership of businesses in Abu Dhabi Source link
October 29, 2020 in Business News -
How to invest your money during the pandemic
Image credit: Damir Spanic on Unsplash For investors around the globe, one of the biggest transitions has been learning to adapt the way that they invest during unprecedented and decidedly unstable times. Investors who have always enjoyed a strong sense of stability in their investment approach have since been forced to realign with the way
October 28, 2020 in Investments -
Kuwait cuts some rates to ease currency and coronavirus pressures
Central bank has also said it would keep the discount rate at 1.5% Source link
October 28, 2020 in Business News -
#MTBPS2020: A tough balancing act
Finance Minister Tito Mboweni faces a tough juggling act this afternoon, when he presents the 2020 Medium Term Budget Policy Statement (MTBPS) in Parliament. Finance Minister Tito Mboweni The country might see tough austerities being imposed due to the country’s recent dramatic deterioration in finances, says Dr Azar Jammine, Econometrix (Pty) Limited director and chief
October 28, 2020 in Investments -
Research key to decision-making in currently ripe property market
Despite the impact of Covid-19 and the tightening of economic activity, property remains a sound investment, according to Lightstone’s Esteani Marx who at the recent Virtual Property Show emphasised the need for thorough research in a market that was increasingly difficult to predict. Marx noted that greater activity in certain coastal locations is creating new
October 28, 2020 in Property & Real Estate -
Energy use set to peak in 2032 as industry adapts to lower carbon future
ADNOC senior exec says keen to play a leading role in the de-carbonisation story while maintaining committed to shareholders Source link
October 27, 2020 in Business News -
FinCEN leak highlights need for proactive KYC in AML processes
Financial sector due diligence and compliance with anti-money laundering regulations are back in the spotlight with the release of the FinCEN files in September 2020 – the latest in a string of leaks over the past five years that have exposed secret deals, money laundering and financial crime. The more than 2,500 files representing approximately
October 27, 2020 in Investments -
SA REIT repositioning strategy sees launch of institutional, research committees
Representative association for South Africa’s listed property sector SA REIT is rolling out a repositioning strategy and additional capacity following its 2020 annual general meeting when the decision was taken to grow the body’s responsibilities, activities and services to members as well as a wider stakeholder group. The transition is also on the back of
October 27, 2020 in Property & Real Estate -
“An individual cannot save SA”
You know a country is in deep trouble when you think an individual can save it. This is the view of Moeletsi Mbeki, political analyst, author and entrepreneur, speaking at the latest Think Big webinar, hosted by PSG. He cautioned strongly against the tendency of South Africans to think there is a saviour who could
October 27, 2020 in Investments -
Aldar eclipses Emaar as UAE's biggest developer after $8.2bn deal
Stock market rally for Abu Dhabi-based Aldar lifts company value to about $5.4bn, ahead of the Burj Khalifa builder Source link
October 27, 2020 in Business News -
Prospect of new SA design qualification excites furniture industry
A new Furniture Design Qualification was announced by Gugu Motlanthe during the 2nd Annual Furniture Sector Forum that recently took place online. The qualification was registered with the South African Quality Assurance Framework (SAQA) in May this year. Furniture Sector Forum 2019 According to Motlanthe, no one has a monopoly on education, and this dedicated
October 26, 2020 in Manufacturing -
Whistle-blowers in South Africa are treated as pariahs in spite of their moral courage
Shutterstock Data from the Gordon Institute of Business Science (GIBS) Ethics Barometer suggested that the country has a long way to go in dealing with ethical failures. Whereas 45% of respondents witnessed at least one of 18 types of misconduct – like bullying in the workplace or gender discrimination – over the past 24 months,
October 26, 2020 in Venture Capital -
Why UAE start-up Udrive is offering investment opportunities via crowdfunding
Pay-per-minute car rental service is opening up its business to the public in bid to inject fresh capital into the company Source link
October 26, 2020 in Business News -
Bizcommunity and NSP Consultants congratulate BizListing winners!
Congratulations to the SME companies who have won full-page BizListing entries in Bizcommunity’s business directory. There are still two BizListings up for grabs so click here to see if your SME is eligible to win! We are thrilled to announce that the applicants whose enterprises met all the requirements of the recent competition offered by donor
October 26, 2020 in Property & Real Estate -
Israeli cabinet ratifies deal on ties with UAE
Government’s weekly cabinet meeting also endorsed sending an agreement on establishing diplomatic relations with Bahrain to parliament for its go ahead Source link
October 25, 2020 in Business News -
Dubai-based Omniyat looking to expand luxury portfolio
Executive chairman and founder Mahdi Amjad hopes to extend the company’s footprint in Dubai, the Middle East and internationally Source link
October 25, 2020 in Business News -
UAE shakes up authorities in bid to improve economic fortunes
UAE Prime Minister announces changes for Insurance Authority and the Securities and Commodities Authority Source link
October 24, 2020 in Business News -
Rock-bottom prices, weak rupee drawing Gulf-based Indians back home for property deals
Non resident Indians said to be largely focusing on 2 and 3 bed properties to cater for home office amid work-from-home era Source link
October 24, 2020 in Business News -
Four factors to financing your business beyond relief funding
In the last few months there have been various announcements of relief funding initiatives to assist businesses and livelihoods struggling in the wake of Covid-19. The SA TV and Film relief fund has offered R8.3m to individuals in this industry, while the Department of Tourism has supported over 4,000 businesses with R200m in relief funding.
October 23, 2020 in Venture Capital -
Trends to look out for in the steel production sector
According to recent GDP reports, the downturn in the manufacturing sector – including iron, steel, non-ferrous metal products, metal products and machinery – has contributed a total of 11% to the overall 51% decline. Although the domestic steel market has been regressing for the past few years, Neil Reddy, business strategy and projects manager at
October 23, 2020 in Manufacturing -
Know your property valuation types to avoid being led astray
Today’s world is characterised by the availability of information, but with this easy access comes the risk of misinformation and disinformation sending DIY knowledge-seekers astray. The property industry is far from immune to the impact of incorrect or misleading information. Image source: Gallo/Getty In fact, one of the most vulnerable areas is also one of
October 23, 2020 in Property & Real Estate -
How coronavirus has impacted the top end of Dubai's property market
Being stuck at home for extended periods has prompted many residents to seek new properties with more space, says Luxhabitat Source link
October 23, 2020 in Business News -
India's SpiceJet set to launch RAK hub operations after lengthy delay
Flights from Mumbai and Delhi would operate under the current bilateral bubble agreement between the UAE and India Source link
October 22, 2020 in Business News -
Low interest rates contribute to property market revival
Pent up demand for properties saw residential property sales skyrocket after the reopening of the property market during Level 3 lockdown in SA. According to ooba, this property market boom continued through the third quarter, fuelled by low interest rates and favourable lending terms from South African banks. Says Rhys Dyer, CEO of ooba: “Interest
October 22, 2020 in Property & Real Estate -
Pros and cons of buying property as a company, through a trust, or privately
The three forms of homeownership in South Africa include owning a home as a natural person, a company, or as a trust. Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa, elaborates on each kind of ownership type and their pros and cons. Buying as a natural person “By far the most common
October 22, 2020 in Property & Real Estate -
Why a simple Reg 28 amendment could fuel the SA economy
Covid-19 and the ensuing national lockdown has had a dramatic effect on all spheres of South African society, but small and medium-sized enterprises (SMEs) – especially those in the service sector – have been particularly hard hit. These SMEs, however, are also the fastest creators of new jobs, and could underpin the country’s much-needed economic
October 22, 2020 in Venture Capital -
Why Saudi women will be at the heart of the post-coronavirus recovery
Economic recovery cannot be realised without gender equality – the message from opening ceremony of the Women 20 Summit Source link
October 22, 2020 in Business News -
what needs to be done
Credit: Fatoba Tolulope via Pexels This was true in South Africa too. Production facilities for raw materials of hand sanitisers experienced an increase of nearly 400% in bulk orders. Suppliers could not keep up with sudden mass orders for hundreds of thousands of litres. In response to the shortage, governments across the world adopted temporary
October 21, 2020 in Manufacturing -
Emirates, Etihad on the radar of Indian tech firm MessageBird
CEO of cloud communications platform says company is seeking more big name clients after deals with Careem, Etisalat and OkaDoc Source link
October 21, 2020 in Business News -
BEE ROI: Spending money for the sake of BEE points only?
Are you part of the “begrudging camp”, the laissez-fair group, or the “how much – give me my BEE points” brigade? What is a BEE ROI? Return on Investment (ROI) deals with the money you invest in a specific project, and the subsequent return you realise from that investment. In the case of BEE, most
October 21, 2020 in Investments -
Why the future's green for financing, investment in the Gulf
Sustainable investment and financing is fast becoming a necessity for companies, says senior Abu Dhabi Global Market exec Source link
October 20, 2020 in Business News -
Why Brexit, millennials could fuel Britain's Islamic finance market
Charles Haresnape, CEO of Britain’s Gatehouse Bank, talks to Arabian Business about the challenges of growing Islamic finance in the UK Source link
October 20, 2020 in Business News -
Most Gulf-based CEOs happy with gov't response to coronavirus
New survey also shows 90% of business leaders in the region have implemented new remote working and meeting protocols Source link
October 19, 2020 in Business News -
Addressing supply chain disruption and compliance in the IMT sector in Africa
Industrials, manufacturing and transportation (IMT) companies have some of the most complex supply chains of any sector and have been particularly hard hit by quarantines, travel restrictions, and other disruptions brought about by the global Covid-19 outbreak. Marc Yudaken, partner and Head of the Industrials, Manufacturing and Transportation (IMT) at Baker McKenzie in Johannesburg says
October 19, 2020 in Manufacturing -
UAE reports slight drop in new coronavirus cases
Ministry of Health and Prevention reveals 1,215 new cases after over 115,000 tests Source link
October 19, 2020 in Business News -
Saudi lifts capacity to 75% for umrah pilgrims
Capacity limits for Saudi citizens and residents performing umrah rituals have been increased to 75 percent, according to the state-run Saudi Press Agency (SPA). The move is part of the kingdom’s second phase of gradual resumption of visits, which allows for prayers in the Grand Mosque and the Prophet’s Mosque in Madinah. Saudi Arabia to
October 18, 2020 in Business News -
One year on from the October 17 Revolution: 12 months to forget for Lebanon
Saturday marks the first anniversary of the October 17 Revolution, which erupted in Lebanon a year ago after decades of corruption and economic mismanagement that left Lebanon succumbing to the world’s highest debt-to-GDP ratio. It aimed to remove all governmental representatives and create a technocratic government elected by the people and for the people and
October 17, 2020 in Business News -
Why Omani businesses should be cautious ahead of April VAT implementation
The introduction of VAT in Oman could impact businesses already struggling to deal with the twin economic shocks of a global pandemic and volatile oil prices, according to Jeanine Daou, PwC Middle East’s indirect tax leader. Cash-strapped Oman has revealed plans to introduce a five percent value-added tax in April next year, following the lead
October 17, 2020 in Business News -
Daily coronavirus cases in the UAE rise above 1,400 for the first time
Ministry of Health and Prevention reports 1,412 new infections in the past 24 hours, bringing the total number of recorded cases in the UAE to 112,849 The UAE reported another daily high for coronavirus infections on Friday as cases rose above 1,400 for the first time since the start of the global pandemic. The Ministry
October 16, 2020 in Business News -
Pressure remains on commercial property market post-lockdown
As the country emerges from Covid-19-related lockdowns, the hard lockdown having been in April and May 2020, high frequency data points to quite a lengthy road back to “full” recovery for the economy. By “full” recovery we are referring to economy-wide production levels, as measured by GDP (gross domestic product), returning to pre-Covid-19 levels. Here
October 16, 2020 in Property & Real Estate -
Calls for South Africans to buy local to reignite growth
If South Africa is to adopt the right localisation policy at a larger scale, about 3.2 percentage points could be added to the country’s annual GDP, says President Cyril Ramaphosa. This policy would include manufacturing 10% of goods locally, as well as supplying 2% of goods that African countries buy from outside the continent. The
October 16, 2020 in Manufacturing -
G20 countries suspend poor nations’ debt until June 2021
World’s economic leaders will also adopt a common approach to longer-term debt actions The G20 countries have agreed to extend debt suspensions for poor countries which were particularly hard hit by the coronavirus pandemic for a further six months. The debt freeze could be extended beyond June 2021, until the end of next year. This
October 15, 2020 in Business News -
DA proposal risks worsening pensions crisis
The Democratic Alliance’s proposal to allow retirement savers to use their savings as loan guarantees would likely do more harm than good, especially at the lower end of the income scale. Mica Townsend, business development manager at 10X Investments Responding to the DA’s call for comment on a Private Member’s Bill to amend the Pension
October 15, 2020 in Investments -
Dubai launches remote working programme for oversees professionals
Expatriate employees can now work remotely from Dubai for companies in their home country. According to the announcement, made via Dubai Media Office on Thursday, applicants taking part in the programme will also benefit from the emirate’s zero income tax for individuals. The benefits and pitfalls of remote working With technology supporting remote working more and
October 15, 2020 in Business News -
Sheikha Hind bint Maktoum named Humanitarian of the Year 2020 at the Arab Woman Awards UAE
Sheikha Hind bint Maktoum bin Juma Al Maktoum, has been named the Humanitarian of the Year 2020 at the Arab Woman Awards UAE for her leadership of the ‘10 Million Meals’ campaign. Sheikha Hind is the wife of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai,
October 14, 2020 in Business News -
Air Arabia set to resume flights as RAK Int’l eyes pre-coronavirus capacity levels
Ras Al Khaimah International Airport has announced that Air Arabia will be resuming a full schedule of passenger flights from Thursday. The move comes as the airport is slowly returning to its original capacity and resuming operations following a period of restricted services that was necessary to curtail non-essential travel in the wake of the
October 14, 2020 in Business News -
Is the PIE Act applicable in the case of homestay rentals?
Image source: Gallo/Getty There were many discussions around whether the Prevention of Illegal Evictions from and Unlawful Occupation of Land Act, 19 of 1998 (“PIE”) would apply to a case like this, whether there is an obligation on a landlord to provide safe accommodation for people in need, and, ultimately, whether homestay rentals are still
October 13, 2020 in Property & Real Estate -
Why shareholders cannot claim for reflective loss
Section 218(2) of the Companies Act, 2008 provides that: “Any person who contravenes any provision of the Act is liable to any other person for any loss or damage suffered by that person as a result of that contravention….” While this section may seem broad, the Supreme Court of Appeal (SCA) in the case of
October 13, 2020 in Investments -
Why the oil market will suffer long-term damage from coronavirus
The oil market will suffer a long-lasting blow from the coronavirus, with demand taking years to recover and peaking at a lower level, the International Energy Agency said. After an unprecedented 8 percent drop this year, global oil consumption will return to pre-crisis levels in 2023, provided Covid-19 is brought under control next year, the
October 13, 2020 in Business News -
Are SA investors motivated by money or morals?
A number of influences will hold sway over where people put their money, one of which is their personal value system and, for most South Africans, this appears to be non-negotiable. Kondi Nkosi, country head, Schroders This is according to the recently released Schroders’ Global Investor Study 2020 – an annual survey that canvassed the
October 13, 2020 in Investments -
Oman plans to introduce VAT in April as it battles budget deficit
Cash-strapped Oman is planning to introduce a 5 percent value-added tax in April, following the lead of Gulf neighbours. Essential food items, medical care, education and financial services will be exempt from the planned levy, according to a royal decree detailing the tax on Monday. Oman mulls VAT move after January 2022 to shore up
October 12, 2020 in Business News -
Young activists remind investors that today’s actions will determine our tomorrow
This week the annual Desmond Tutu International Peace lecture was delivered virtually amid Covid-19 restrictions on large gatherings. The 10th iteration of the event was poignantly themed around climate change and its real-world impacts, reiterating the call to build anew. Elize Botha, managing director, Old Mutual Unit Trusts. In late September 2019, the largest climate
October 12, 2020 in Investments -
Oman announces evening lockdown to curb coronavirus spread
Oman is set to go into complete lockdown from 8pm to 5am from Sunday evening through until Saturday, October 24, according to the sultanate’s state-run news agency. The curfew, which applies to public movement and commercial outlets, will be imposed by the Royal Oman Police (ROP). Beaches will also be locked, with regular inspections carried
October 12, 2020 in Business News -
Bullish on the US economy despite Covid and Trump
For investors, 2020 has been quite the ride. We have just emerged from the two most devastating quarters since the financial crash of 2008, interrupting what was a strengthening US economy characterised by increasing employment and robust earnings. As we move into Q4, there are three things we at Skybridge Capital think are going to
October 11, 2020 in Business News -
Airbus voices confidence in Lebanon’s MEA amid economic ‘ordeal’
European plane maker Airbus has insisted it has confidence in the Lebanese people to get their country out of the “ordeal” it is currently suffering as it delivered a new aircraft to Middle East Airline – Air Liban (MEA). MEA has taken delivery of the Airbus A320 with manufacturer serial number 10,000, as part of
October 10, 2020 in Business News -
Why trust is key to tackling mental health issues in the workplace
I remember back in the 1980s and 90s when mental health issues were really impacting me massively at work. The idea that I would speak to a supervisor or a manager was completely alien and I’d say plenty others were probably in the same boat. Back in the day it was a stigma. I didn’t
October 10, 2020 in Business News -
Dubai’s Averda enters India with plan to tackle smog in Amritsar
Averda to offer a solution to the deadly smog caused by stubble burning in northern Indian city Dubai-based Averda is making an entry into India for managing municipal and farm waste in the northern city of Amritsar to offer a solution to the deadly smog caused by stubble burning. The waste management solution provider is
October 9, 2020 in Business News -
Advance payments and deposits – Tax and other considerations
The current economic conditions have significantly increased credit risk for many businesses already struggling to make ends meet. As important as securing ongoing business may be, it only contributes financially if payment is also received for goods or services rendered. Many business owners may therefore be considering implementing changes to their billing practices or payment
October 9, 2020 in Investments -
Property market showing steady signs of recovery
Following the national Covid-19 lockdown during the second quarter of 2020, the latest figures from the Deeds Office reflect steady signs of recovery in the property market. According to Lightstone Property data, a total of 36,835 bond registrations were recorded at the Deeds Office over the period of July to September 2020. This translates into
October 9, 2020 in Property & Real Estate -
The importance of the US election to the global oil market
As if this year could not get any more surreal, markets and newswires have recently had to contend with the President of the United States and Commander-in-Chief contracting Covid-19, looking the virus squarely in the eye and coming out of hospital in double-quick time. With less than a month to go to the November Presidential
October 8, 2020 in Business News -
Bringing our skillsets and resources to the table to pull together
Lamar Booysen qualified as chartered accountant in 2014, lives in Midstream and works in Sandton for Blue Label Telecoms. As a 33 year-old professional, his responsibilities include performing a broad spectrum of head office finance functions applicable in a listed environment as he fulfils his position as Group Technical Financial Manager. Yet, despite his busy
October 8, 2020 in Venture Capital -
Dubai goes virtual to attract more Japanese investors into vital sectors
The Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, is chasing potential investors and partners from Japan after initiating a series of webinars to highlight opportunities in the healthcare, food and agribusiness and technology sectors. The webinars are aimed to enable stakeholders to continue exploring and promoting investment opportunities at a time
October 8, 2020 in Business News -
Saudi wealth fund explores investing in grocer Lulu
Saudi Arabia’s $360 billion sovereign wealth fund is exploring a potential investment in Lulu Group International, which runs one of the Middle East’s largest hypermarket chains, according to a person familiar with the matter. The Public Investment Fund (PIF) is considering buying a minority stake in the retailer, said the person, who asked not to
October 7, 2020 in Business News -
2019 State of Cape Town Central City Report launched
Published on Wednesday, 7 October, by the Cape Town Central City Improvement District (CCID), the report noted that the Central City “held its own quite remarkably” in the year under review, despite 2019 being “incredibly difficult”, according to CCID board chairperson Rob Kane. Says Kane: “Stakeholders and investors in the CBD have had to cope
October 7, 2020 in Property & Real Estate -
Climate risk still plagues Sasol despite Lake Charles sale
Photo: Sasol However, hurricane damage to the plant on two occasions (andanother expected this week) over the past year has highlighted how climate risk has impacted the business’s already precarious balance sheet, and the question remains whether this most recent move to alleviate debt levels is enough to put the company back on track. The
October 7, 2020 in Investments -
BNY Mellon lands a big ally for expansion in Saudi Arabia
Bank of New York Mellon Corp., the world’s largest custody bank, is pushing deeper into Saudi Arabia through a deal with an arm of the country’s biggest bank. The firm joined NCB Capital, a unit of National Commercial Bank, to seek institutional investors in the kingdom for BNY Mellon’s “global custody and associated asset-servicing activities”,
October 7, 2020 in Business News -
How the Lebanese private sector is coping in the eye of a storm
Lebanese private sector business conditions marked another deterioration last month, as firms continued layoffs with a sharp decline in wages. According to the latest purchasing managers’ index (PMI), compiled by IHS Markit, the September reading released Tuesday, was 42.1, up from 40.1 in August, partially driven by a further drop in output at the end
October 6, 2020 in Business News -
The way forward for SA and emerging markets
Emerging markets across the world are well positioned to recover from the Covid-19 pandemic, thanks to a raft of reforms and baked-in resilience – but while South Africa’s fundamentals appear to be in good shape, it must overcome slow growth and a worrying debt trajectory if it is to take advantage of the opportunities presented
October 6, 2020 in Investments -
Pandemic triggers sea-change for business in society
Nobel Prize winner Milton Friedman wrote a seminal article in 1970 stating that there is only one social responsibility of business, and that is to increase profits. In essence, he claimed that the sole purpose of business should be about a long-term increase in shareholder wealth, and nothing else. Yes, that’s right, the only reason
October 6, 2020 in Investments -
Charting a course beyond the pandemic for the East African property industry
East Africa has long been a challenging region for property developers to operate in, and not as buoyant as other markets. With Covid-19 triggering a recessionary environment, the property industry, always deeply affected by changes in the economy, is identifying areas of resilience and pockets of opportunity. As investors and developers step back, regroup and
October 6, 2020 in Property & Real Estate -
Bahrain-backed supercar maker unveils regional shake-up
Bahrain-backed McLaren Group has merged its operations in Europe, the Middle East and Africa under one new regional division. The new EMEA entity includes 20 markets, 36 retailers and a third of global sales volume, and will be led by South African Brett Soso, who has over 25 years’ experience in the automotive industry. McLaren
October 5, 2020 in Business News -
Cryptocurrency: The chameleon commodity
The cryptocurrency market is still relatively new and it has completely changed the trading landscape. Regulations are still quite lax in the crypto space and it’s a particularly volatile commodity. But it rose to widespread popularity almost overnight and has seen an unprecedented boom during the pandemic. Shutterstock Calls to order “The ever-growing popularity of
October 5, 2020 in Investments -
Seven inspection teams created in UAE to crack down on coronavirus violations
The UAE’s National Emergency Crisis Disaster Management Authority (NCEMA) has formed seven inspection teams, one to be based in each emirate, to crack down on those failing to adhere to the strict coronavirus precautionary measures. More than 46 protocols have been put in place in an effort to curb the spread of Covid-19 throughout the
October 5, 2020 in Business News -
Will the blurring of gender roles survive coronavirus?
Among the many issues raised by the ongoing pandemic, the lockdown has helped to remind us of the prevalence of rigid gender roles around the world. Women in particular are facing unique challenges; from front-line workers, to caregivers, to their children’s teachers, women are bearing the brunt on many fronts. In almost all societies, women
October 4, 2020 in Business News -
Daily coronavirus infections in the UAE surge to new high
1,231 new coronavirus cases are reported in the past 24 hours, bringing the total number of cases in the UAE to 97,760 Daily coronavirus cases in the UAE continued to surge on Saturday as the country’s Ministry of Health and Prevention (MoHAP) announced that the number of infections reached a new high. The ministry reported
October 3, 2020 in Business News -
Dubai economy could take 11% hit from travel, tourism curbs in 2020
Dubai’s economy could contract sharply by around 11 percent in 2020 due to restrictions on travel and tourism during the ongoing coronavirus pandemic, S&P Global Ratings said in a research note on Saturday. While it does not rate Dubai, the rating agency said based on publicly available information, Dubai’s gross general government debt will reach
October 3, 2020 in Business News -
Is gold still a safe investment?
As with every kind of investment, investment in gold carries risks, which varies depending on the objective of the investor and on the timeframe of the investment. A long term investor would look at gold as an hedge against inflation and to diversify and balance the portfolio of investment, thus the volatility of such portfolio
October 2, 2020 in Business News -
Why Joe Biden’s ‘Inshallah’ has sparked an internet frenzy
For people living in the Middle East, hearing the word ‘Inshallah’ is an everyday occurrence. In this reporter’s case, for example, it was most commonly heard in taxi cabs after asking the driver whether we’d arrive at work or dinner on time. How ‘Shut Up, Man’ and ‘Inshallah’ became unlikely social media wins for Biden
October 2, 2020 in Business News -
Lebanon’s foreign currency reserves could vanish in 12 months
Lebanon Central Bank’s foreign currency reserves will be fully depleted in the next 12 months if it posts the same monthly contraction that it has in the last three months, according to Goldman Sachs. The global investment bank warned in a report of a scenario that could exacerbate risks to social and political stability, which
October 1, 2020 in Business News -
Integrating impact in investment decisions
The devastation caused by Covid-19 on the country’s economy and particularly the poor socio-economic situation of many South Africans has amplified the value of impact investing, and investors realise the integral role it plays as part of their investment portfolio. This is according to Impact Investing South Africa (IISA), which has compiled a report not
October 1, 2020 in Investments -
Brisk recovery of Central Cape Town residential market surprises analysts
The brisk pace of recovery in property sales over recent weeks in Cape Town’s Central City residential market has surprised market analysts and estate agents alike. This following the sharp slowdown in activity during the national lockdown and the subsequent delays in the reopening of the Deeds Office. According to Alisdair Crofton, Rawson Property Group
October 1, 2020 in Property & Real Estate -
Technology & TCF in uncertain times. Top 5 trends during the Covid-19 pandemic
Overall, the pandemic has highlighted that as an authority, we are regulating in line with our counterparts in other countries. The operational resilience of the global financial sector was put to the test during Covid-19, and the sector responded impressively. This period has also emphasised the importance of coordination in regulatory responses. The Twin Peaks
October 1, 2020 in Investments -
UAE construction giant Arabtec to be placed into liquidation
UAE-based Arabtec Holding is to be placed into liquidation against a backdrop of “adverse market conditions”. The decision was made at the annual general meeting on Wednesday and comes after the group posted a net loss of $216m for the first six months of the year. Video of Youtube-1601473887 In an email sent to employees,
September 30, 2020 in Business News -
Reassessing our commitment to buying South African
The Covid-19 pandemic and related lockdowns disrupted global supply chains, and necessitated a greater reliance on local goods and services. “Local businesses, manufacturers, petrol stations, retailers, local products and services… in the absence of exports… have carried us through this pandemic,” said Happy Ngidi, chief officer: marketing and communications at Proudly South African. In light
September 30, 2020 in Manufacturing -
The potential to change South Africa
As South Africans, we are familiar with the term and concept of ‘ubuntu’ – which encapsulates humanity through the idea that we are who we are because of others, those who have come before us, and those who currently stand with us. Motshegwa More, senior associate consultant, IQBusiness It is this philosophy that, some would
September 30, 2020 in Investments -
Frontline staff at Sharjah Airport receive coronavirus vaccine
Frontline staff at Sharjah International Airport have received the first dose of the Covid-19 vaccine. The airport becomes the first authority in Sharjah to administer the vaccine to workers, which was done in cooperation with the Sharjah Government and the Ministry of Health and Prevention (MoHAP). UAE Phase III Covid-19 vaccine trials attract 31,000 volunteers
September 30, 2020 in Business News -
Kuwait’s emir, Sheikh Sabah al-Ahmad Al-Sabah, dies
According to the constitution, the emir should be succeeded by Crown Prince Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah Kuwait’s ruler Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, a seasoned diplomat who tried to heal rifts between feuding Gulf states and rebuilt ties with former foe Iraq, has died. He was 91. According to the constitution, the emir should
September 29, 2020 in Business News -
Forex Brokers publishes list of best trading platforms in South Africa for 2020
Leading South African broker comparison website forexbrokers.co.za published its annual listing of best trading platforms for 2020. Forex Brokers SA reviews the trading apps offered by Forex Brokers in South Africa every year, and gives them score, ratings and ranking based on its unique ranking factors and system. Traders can compare each broker’s features side
September 29, 2020 in Investments -
Abu Dhabi boxes clever over Fury v Wilder rematch speculation
Speculation has increased that the potential third match-up between heavyweight giants Tyson Fury and Deontay Wilder could be held in the Middle East, with commentators looking at Riyadh or even Abu Dhabi. Saeed Al Saeed, marketing director at DCT Abu Dhabi, would not be drawn on the potential bout being held in the UAE capital,
September 28, 2020 in Business News -
RCL Foods joins global food waste and loss initiative 10x20x30
Image credit: RCL Foods 10x20x30 is led by some of the world’s largest food retailers and providers, including Pick n Pay, who have each committed to engaging at least of their 20 suppliers to halve food loss and waste by 2030, in line with the United Nations’ Sustainable Development Goal (SDG) Target 12.3. The companies
September 28, 2020 in Manufacturing -
Asset managers need to check excessive executive pay
In September, Sanlam announced that it had awarded its newly appointed CEO Paul Hanratty a package potentially worth between R161 million and R500 million. Photo: Sanlam Building, Sandton by Paul Saad (CC BY-NC-ND 2.0) Just weeks into his appointment, Hanratty was awarded three million Sanlam shares at zero cost, and is tagged to get another
September 28, 2020 in Investments -
SAIBPP launches Women’s Forum, webinar addresses equity, access, assets
Earlier this month, the South African Institute for Black Property Practitioners (SAIBPP) launched its Women’s Forum with a live virtual event. Speakers included Fundi Mazibuko, chairperson of the SAIBPP Women’s Forum; Anne Githuku-Shongwe, UN Women’s South Africa Multi-Country Office (SAMCO) representative; Judi Nwokedi, Black Business Council chairperson of the Women’s Alliance; Mpumi Mpofu, CEO of
September 28, 2020 in Property & Real Estate -
Business as usual in post-pandemic recovery will only reinforce economic hardship
Africa’s low level of economic diversification is a leading factor in the continent’s economic fragility. Further, the Covid-19 pandemic has magnified the risks of countries’ over-dependence on a single natural resource such as oil. Professor Njuguna Ndung’u Natural resources Africa is endowed with abundant natural resources, including minerals, and revenues from their export constitute a
September 28, 2020 in Investments -
Why the time is right for UAE women to start their own businesses
The decree stipulating equal pay for men and women, recently issued by UAE President Sheikh Khalifa bin Zayed Al Nahyan, shows how far businesswomen in the region have come and how far they still have to go. Speaking to Arabian Business in an interview before the launch of SheLeads accelerator program, Nadine Halabi, business development
September 28, 2020 in Business News -
UAE-based NMC Healthcare placed in administration
UAE-based NMC Healthcare has been placed in the hands of administrators by the Abu Dhabi Global Markets Courts (ADGM). Richard Fleming and Ben Cairns of Alvarez & Marsal were appointed joint administrators on Sunday. According to a statement, the “light touch” administration process, which relates directly to 36 businesses operating in the UAE, will allow
September 27, 2020 in Business News -
Daily UAE coronavirus infections rise to new high
The record daily figure of 1,078 takes the total number of cases in the UAE to 90,618 The UAE reported a new peak for daily coronavirus infections on Saturday as the latest 24-hour figure rose to 1,078. The record figure takes the total number of cases in the UAE to 90,618, it was announced. The
September 27, 2020 in Business News -
Abu Dhabi reveals plan to build world’s largest indoor farm
A joint venture between GrowGroup IFS from the Netherlands and Abu Dhabi-based RainMakers Capital Investment will build the largest indoor farm in the world in the desert of the UAE. GreenFactory Emirates will produce 10,000 tonnes of fresh produce per year on a plot of 17.5 hectares and a cultivation area of 160,000 square metres.
September 26, 2020 in Business News -
Eight Dubai businesses closed as daily UAE coronavirus cases remain above 1,000
Dubai Municipality said on Friday it has closed eight business premises for failing to comply with coronavirus preventative measures. The authority tweeted that five salons and three restaurants have been ordered to shut in Dubai during the latest round of inspections. #DubaiMunicipality closed 5 salons and 3 food establishments for failing to comply with the
September 25, 2020 in Business News -
Rise in sale and leaseback transactions to free up cash flow
Facing mounting economic pressure, business owners are increasingly looking for innovative ways to access and free-up cashflow; one such avenue is through a sale and leaseback transaction. Justin Thom In uncertain times, sale and leaseback transactions are simple, effective and cause minimal disruptions. While this term is nothing new, associate director for Galetti Corporate Real
September 25, 2020 in Property & Real Estate -
Where would investment managers put their money for a five-year return?
If you had R1m right now and a five-year time-horizon, what would you do with the money? This was one of the questions posed to a panel of investment experts at the recentl Allan Gray Offshore Exchange. “I would take most of the R1m offshore, given that there are several risks in the local market.
September 25, 2020 in Investments -
UAE’s equal pay move for private sector women hailed
The UAE President has issued a decree, stipulating equal wages for women and men in the private sector, effective immediately. The first article of the decree, issued by Sheikh Khalifa bin Zayed Al Nahyan, says that female employees shall receive wages equal to that of males if they perform the same work, or another of
September 25, 2020 in Business News -
New coronavirus infections fall from peak but remain above 1,000
Ministry of Health and Prevention reports 1,002 new daily cases and one further death New daily coronavirus infections in the UAE fell from Wednesday’s peak of 1,083 but remained above 1,000, the Ministry of Health and Prevention (MoHAP) announced on Thursday. In a statement, the ministry said it conducted 93,618 Covid-19 tests over the past
September 24, 2020 in Business News -
Saudi Arabia to ‘assess all options’ to boost economy after coronavirus impact
Saudi Arabia is “assessing all the options” to boost its economy after taking painful measures to offset a sharp decline in oil revenue and deep economic contraction caused by restrictions to halt the spread of the coronavirus, the kingdom’s commerce minister said. “The impact of oil prices has affected Saudi Arabia’s revenue and like any
September 23, 2020 in Business News -
UAE celebrates Saudi National Day under Together Forever theme
The UAE will join Saudi Arabia in celebrating the kingdom’s 90th National Day on Wednesday, held under the slogan Together Forever to confirm the deep ties between the two countries. The historic ties between the UAE and Saudi Arabia were officially consolidated by the efforts of the late leaders – Sheikh Zayed bin Sultan Al
September 23, 2020 in Business News -
Saudi mega projects in spotlight at construction summit
Representatives from Amaala, Neom and Diriyah Gate Development Authority are set to take part in the Leaders in Construction KSA Summit Representatives from three of the biggest developments in the Middle East – Amaala, Neom and Diriyah Gate Development Authority (DGDA) – are set to take part in a panel discussion: ‘Looking at Saudi Arabia’s
September 22, 2020 in Business News -
The Covid-driven surge in online grocery shopping
There can be no question that Covid-19 has changed the way the world operates. Some trends are temporary, and some are more permanent, with the common question nowadays being: what will the new normal look like? As investors in early-stage technology companies, we at Kingson Capital are trying to establish what trends are likely to
September 22, 2020 in Venture Capital -
Mirror Trading International exposed: #MTILeaks reveal trading data
In another twist, the South African Bitcoin trading company under investigation by the Financial Services Conduct Authority (FSCA) and on the radar of other international financial regulatory entities has had its entire transaction history exposed on the dark web. Mirror Trading International (MTI) is a South African Bitcoin trading company, which has been under the
September 22, 2020 in Investments -
Middle East start-ups must smash ‘scale-up ceiling’ to achieve Unicorn status
A “scale-up ceiling” must be broken if Arab innovation is able to product the MENA region’s next Unicorn, according to Areije Al Shakar, fund director at Al Waha Fund of Funds. Recent research from New York Data Analytics firm CB Insights revealed the Arab world has just one single Unicorn – Emerging Markets Property Group,
September 22, 2020 in Business News -
Lebanon’s PM urges action to save crisis-hit country
Mustapha Adib is under pressure to form a fresh cabinet as soon as possible so the new gov’t can launch a raft of reforms Lebanon’s prime minister-designate Mustapha Adib on Monday urged competing political forces to step up and help him form a desperately needed independent government to save the crisis-hit country. Adib is under
September 21, 2020 in Business News -
Interested in crypto trading? Attend the Binance webinar on ‘The Future of Money’
Binance, the world’s largest cryptocurrency exchange is running a free webinar for crypto enthusiasts across South Africa. Whether you’ve just heard about crypto or you’re a crypto enthusiast looking to develop trading skills – this event is for you! Register to attend the FREE webinar on Tuesday, 22 September at 6pm SAST About the Binance
September 21, 2020 in Investments -
JSE guidance on effective communication with investors
The JSE has identified focus areas for listed companies to consider when raising capital to weather the Covid-19 crisis, including the amount of information they need to disclose. Image: JSE Over the last few months, many issuers have approached investors to raise capital to weather the Covid-19 storm or are in the process of doing
September 21, 2020 in Investments -
Over 17,500 signed up to DIFC’s employee savings scheme that replaces gratuity
Dubai International Financial Centre’s (DIFC) employee workplace savings scheme (DEWS) has been hailed a huge success, just seven months after being launched. And investment adviser Mercer has revealed strong interest to see the initiative repeated across Dubai and the wider UAE. in February this year, DEWS restructured the previously defined benefit end of service gratuity
September 20, 2020 in Business News -
Dubai’s jeweller to the stars predicts luxury rebound after coronavirus
The luxury jewellery market is expected to bounce back strongly following the crippling impacts of coronavirus on the industry, according to Pascal Mouawad, co-guardian and head of the retail division for jewellers-to-the stars, Dubai and Geneva-based Mouawad group. After what he described as “bad years” for the industry from 2016 through to 2019, Mouawad said
September 20, 2020 in Business News -
Dubai coffee shop ordered to close as new UAE coronavirus cases top 800
A coffee shop in Dubai has been ordered to close for not adhering to coronavirus prevention measures. Inspection teams from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy conducted a total of 673 field visits on Friday to verify compliance with efforts to combat Covid-19. Dubai Economy in co-operation with Dubai Tourism,
September 19, 2020 in Business News -
Five Dubai shops fined for breaking coronavirus face mask rules
Dubai Economy inspectors warn a further 10 businesses as the UAE reports 865 new daily infections Five more shops in Dubai have been fined by authorities as part of an ongoing crackdown on coronavirus rule violations, it was announced on Friday. The Commercial Compliance & Consumer Protection (CCCP) sector of Dubai Economy said five commercial
September 18, 2020 in Business News -
While repo rate breathes life into residential property, commercial sector remains subdued
The sounds emanating from the property market in recent months seem to point to two almost totally different worlds. On the one hand, there seems to be some excitement in the residential market, with a significant number of credit-dependent home buyers taking advantage of very low interest rates, while in the commercial property segment the
September 18, 2020 in Property & Real Estate -
A systematic approach to ESG investing imperative to manage costly trade offs
With Covid-19 having accelerated the need for socio-economic development, sustainability and societal impact continue to gain traction and recognition among the investment management and investor communities alike. Mike Adsetts, deputy chief investment office, Momentum Investments “As increasingly more investors begin to question the purpose and impact of their investments – beyond a singular focus on
September 18, 2020 in Investments -
Rate decision welcomed as first-property buyer’s market booms
The decision by the South African Reserve Bank (SARB) to retain the repo rate at 3.5% (home loan base rate at 7%) is welcome news. Samuel Seeff, chairman of the Seeff Property Group Unlike the rest of the economy, the residential property sector has reaped the benefits of the aggressive rate cuts resulting in a
September 18, 2020 in Property & Real Estate -
UFC to return to Abu Dhabi as Yas Island prepares coronavirus ‘safe zone’
Abu Dhabi is set to implement its coronavirus safe zone concept later this month after tourism chiefs announced that it will host a major UFC event on Yas Island. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and UFC, the global mixed martial arts organisation, said that Return to UFC Fight
September 18, 2020 in Business News -
Potential recovery scenarios as repo rate remains stable
The Monetary Policy Committee’s decision to keep the repo rate stable was not entirely surprising, as the 300bps rate cuts for the year to date are still taking effect, given the fact that the economy was in lockdown during Q2, and with restrictions not yet fully lifted. Dr Andrew Golding, CE of the Pam Golding
September 18, 2020 in Property & Real Estate -
How work on $5bn Heart of Europe accelerated during coronavirus lockdowns
Six months’ worth of work on the $5 billion Heart of Europe project was completed within the peak four months of coronavirus, according to Jozef Kleindeinst, CEO of Kleindeinst Group, the company behind the ambitious development. As soon as the pandemic struck the UAE, a decision was taken to move around 1,200 staff members onto
September 17, 2020 in Business News -
Can foreigners own property in South Africa?
Foreigners may purchase and own immovable property in South Africa without any restrictions, as foreigners are generally subject to the same laws as South African nationals. The only foreigners disqualified from owning property in South Africa are foreigners that are here illegally. It is thus possible for a foreign individual to own property individually, jointly
September 17, 2020 in Property & Real Estate -
Shun equities at your peril
Anet Ahern, CEO, PSG Asset Management This influx of investment may come as a surprise to many, in light of the Covid-19 pandemic, but it’s important to look at what kind of investment has gained the most ground. South African interest-bearing money market portfolios attracted by far the biggest share of investment. This reflects a
September 17, 2020 in Investments -
Bahrain’s Gulf Air says CEO to step down by end-September
No reason given for departure of Kresimir Kucko who cut costs and increased revenue during his three-year tenure Kresimir Kucko will step down from his role as CEO of Gulf Air by the end of the month, it was announced on Tuesday. Joining in 2017, Kucko began his journey at Gulf Air by setting the
September 17, 2020 in Business News -
Revealed: how Beirut Port has been impacted since blast disaster
Port of Beirut freight activity contracted by 20.5 percent to around 288,000 tons during August, down from 362,000 tons in the previous month, in the aftermath of the devastating explosion. According to statistics released by the Port of Beirut on Wednesday, freight activity declined by 38.34 percent year-on-year to 2,895,000 tons in the first eight
September 16, 2020 in Business News -
Israel establishes full ties with Bahrain, UAE at White House
Israel normalised relations with long-time foes Bahrain and the United Arab Emirates at a White House ceremony on Tuesday as President Donald Trump said similar US-brokered deals were close between the Jewish state and “five or six” other nations. Israeli Prime Minister Benjamin Netanyahu and the foreign ministers of Bahrain and the UAE sealed the
September 15, 2020 in Business News -
How Dubai’s retirement visa may shape the future of the UAE’s real estate market
For a sluggish real estate market attempting to recover from the blow of the coronavirus pandemic, the announcement of the retirement visa was perfectly timed for Dubai. Experts and developers alike agree that the implications are big, with new sub-sectors being created in the property market focused on would-be buyers approaching retirement age. One of
September 15, 2020 in Business News -
SA investors expect higher future returns despite Covid-19 shock
Even as Covid-19 halted the longest economic expansion on record and plunged the world into deep recession, South African investors expect to make an average annual total return of 12.67% – almost 2% higher than the global average predicted returns of 10.9%. Kondi Nkosi, South Africa country head, Schroders This was revealed in the recently
September 14, 2020 in Investments -
First homes to be built on $1.36bn Jubail Island from early 2021
Jubail Island Investment Company (JIIC) on Monday said it has awarded a contract to design 16 villa and townhouse types to be constructed within phase 1 of the AED5 billion Jubail Island mega project. The developer said the designs will cater to “discriminating and diversified buyer demands”, meeting market demand particularly addressing Emirati household preferences.
September 14, 2020 in Business News -
Impact of remote working, changing office market could be far-reaching
Ever since the Covid-19 hard lockdowns began in all seriousness across the world earlier this year, the world has been abuzz with talk of how the crisis has changed the world, and at the centre of much of the debate has the sudden forced move to working from home for many office employees, and the
September 14, 2020 in Property & Real Estate -
Middle East ride-hailing app charting a successful course through coronavirus crisis
The co-CEO of Middle East ride-hailing app Jeeny is hoping its journey through the current coronavirus can act as inspiration for others. The company, a joint venture between the Middle East Internet Group (MEIG), Rocket Internet and IMENA, was forced to completely reinvent its model, which helped it retain its workforce and execute its last-mile
September 13, 2020 in Business News -
Dubai police hammer home coronavirus restrictions during shopping mall inspections
Dubai Police issued 141 violations and 1,422 warnings across four shopping malls on Friday. It comes amid a surge in new confirmed cases of coronavirus and renewed calls from the Supreme Committee of Crisis and Disaster Management in Dubai to respect various Covid-19 restrictions and preventive measures. Dubai businesses closed, fined over coronavirus violations as
September 13, 2020 in Business News -
Foreign workers stranded in Lebanon without hope as coronavirus, currency crises bite
The impact of coronavirus has compounded the misery being suffered by many foreign workers in Lebanon, who have found themselves caught up in a dire economic and financial crisis since last October. Their salaries were already decimated after the Lebanese pound exchange rate deteriorated while banks resorted to placing restrictions on financial transfers abroad. Now,
September 12, 2020 in Business News -
Bahrain agrees to normalise relationship with Israel
Bahrain and Israel have agreed to fully normalise their diplomatic relations, US President Donald Trump announced on Friday. In a tweet, Trump said that the agreement was “another historic breakthrough”, with Bahrain becoming the second Gulf country – after the UAE – to “make peace” with Israel in the last 30 days. In a joint
September 12, 2020 in Business News -
Saudi Arabia chases UK tech firms to partner on $500bn Neom City
Saudi Arabia has called on UK companies to partner and invest in its multi-billion dollar smart cities as part of the kingdom’s transformation drive. “The drive behind all these opportunities is that smart cities will help Saudi Arabia,” Moath Alzahrani, smart cities domain lead at the kingdom’s National Digital Transformation Unit told delegates at London’s
September 11, 2020 in Business News -
UAE urges more caution as new coronavirus cases continue to surge
The UAE’s National Emergency Crisis and Disaster Management Authority on Thursday urged citizens and residents to be more vigilant after announcing that new daily coronavirus cases in the country totalled 930, a recent high, with five further deaths. The numbers represent a four-month high and a five times increase compared to a month ago when
September 10, 2020 in Business News -
What lies ahead for SA’s commercial property market
Speaking during a recent PSG Think Big series webinar, Estienne de Klerk, CEO of Growthpoint Properties, said, “Commercial rentals haven’t gone mad; rates and taxes have. Estienne de Klerk, CEO of Growthpoint Properties and chairman of the South African Real Estate Investment Trusts (SA REIT) Association “They are bizarrely increasing in this weak economic environment
September 10, 2020 in Property & Real Estate -
Rise in Indian remittances from the Gulf hides tales of coronavirus heartbreak
Remittances to India from the Gulf region are booming despite the economic turmoil imposed by the coronavirus, with many Indian banks reporting growth of up to 20 percent. The rise in NRI (non-resident Indian) remittances during April-July from the Gulf region, are said to be propelled by the twin factors of a plunge in rupee
September 10, 2020 in Business News -
MBC Group ends advertising deal with Arabian Media Services
Dubai-based MBC Group is to launch MBC Media Services after ending its five-year advertisement deal with Arabian Media Services, a Choueiri Group company. The in-house commercial advertising and sales unit has been launched in partnership with Engineer Holding Group (EHG), although it will be controlled by MBC Group and is set to begin operations at
September 9, 2020 in Business News -
One man infects 45 people with coronavirus in the UAE, leads to one death
The UAE’s National Emergency Crisis and Disaster Management Authority on Tuesday reiterated its call for vigilance against the spread of coronavirus after one man’s violations led to the infection of 45 other people, including one death. NCEMA said in a series of tweets that the individual’s “lack of practicing precautionary and safety protocols” led to
September 8, 2020 in Business News -
Coronavirus stress: How to spot mental health warning signs and cope with them
Dr Laila Mahmoud, specialist psychiatry, Medcare Hospitals & Medical Centres provides advice for those struggling during the coronavirus crisis Dr Laila Mahmoud, specialist psychiatry, Medcare Hospitals & Medical Centres, has revealed that anxiety and depression cases have “highly increased” during the coronavirus crisis. And while this is to be expected, given all the uncertainties and
September 8, 2020 in Business News -
Beware of permanent solutions for temporary problems
Bronwyn Williams highlights her key learnings in Lionel Shriver’s The Mandibles: A Family, 2029-2047 and Edward Snowden’s Permanent Record to emphasise that as we submit to further infringements on our privacy, freedom of speech, and freedom of movement in the effort to stop the spread of Covid-19, we must ensure that emergency measures designed to
September 7, 2020 in Investments -
Property investment: Exploring opportunity in adversity
Paul Stevens, CEO of Just Property, weighs in on the property investment opportunities available in the current climate of low interest rates and recession, while also providing tips, along with Andrew Walker, CEO of the SA Property Investors Network (SAPIN), for new investors. Paul Stevens, CEO of Just Property “In May 2020, Lightstone predicted an
September 7, 2020 in Property & Real Estate -
Cinemas are not in competition with Netflix, says MAF Entertainments CEO
Cinemas can survive the streaming service boom that coronavirus has given the likes of Netflix, as audiences finally return to movie theatres to enjoy the big screen experience. Cameron Mitchell, CEO of Majid Al Futtaim Cinema Entertainment Leisure, revealed that occupancy levels in its VOX Cinemas – the biggest exhibition chain in the Middle East operating some 550 screens across
September 7, 2020 in Business News -
Daily coronavirus numbers drop to just over 500 new cases in UAE
87,336 tests were conducted by health authorities in the country over the past 24 hours The number of confirmed coronavirus cases in the UAE has dropped to its lowest amount in a week. According to the National Emergency Crisis and Disaster Management Authority Coronavirus (NCEMA), there were 513 new infections discovered in the past 24
September 6, 2020 in Business News -
New daily coronavirus cases rise above 700 in the UAE
National Emergency Crisis and Disaster Management Authority also reports one further death, taking the total death toll to 388 New daily coronavirus cases rose again above 700 in the past 24 hours, according to official figures released by the National Emergency Crisis and Disaster Management Authority (NCEMA) on Saturday. The authority also reported one further
September 5, 2020 in Business News -
Harbhajan Singh joins list of absentees from IPL in the UAE
Former India Test off-spinner withdraws from Chennai Super Kings team ahead of tournament start in the UAE on September 19 Former India Test off-spinner Harbhajan Singh on Friday added to a growing list of top names to pull out of the coronavirus hit Indian Premier League. The 40-year-old has also become the second key player
September 5, 2020 in Business News -
Abu Dhabi updates entry rules as new daily UAE cases exceed 600
The Abu Dhabi Emergency, Crisis and Disasters Committee on Friday announced updated procedures for entering the emirate amid concerns to prevent the spread of coronavirus. In a series of tweets, the committee said that residents and visitors of Abu Dhabi, starting on Saturday, will be able to enter the emirate upon presenting a negative result
September 4, 2020 in Business News -
Oman mulls VAT move after January 2022 to shore up finances
A joint committee of the State Council and Shura Council suggests time frame and sends draft law for approval to Sultan Haitham Bin Tariq Al Said Oman’s legislature is proposing to implement a value-added tax after January 2022 as falling oil revenue pressures its finances, following similar moves by Gulf neighbours. A joint committee of
September 4, 2020 in Business News -
Time for SA to put proactive and ambitious relief measures in place
South Africans are paying a high price for the prolonged lockdown and consequent devastation of the local economy with levels of emotional distress nearly as high as at the start of the lockdown five months ago. Andrea Rademeyer In fact, levels of emotional distress are even higher than the levels of financial distress, which in
September 3, 2020 in Investments -
Financing in place for fifth phase of giant Dubai solar park
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Shuaa Energy 3 is the special purpose vehicle incorporated for the project, with 60 percent ownership by the Dubai Electricity and Water Authority (DEWA) and
September 3, 2020 in Business News -
JLL Q2 report notes positive outlook for SA industrial, warehousing sector
According to JLL’s latest South Africa Q2 Real Estate report, while the country is witnessing the easing of restrictions, the impact of Covid-19, coupled with economic pressures, continues to create challenges for most corporate real estate sectors. The report provides an overview of the office, retail, industrial and hospitality sectors in Johannesburg, Cape Town and
September 3, 2020 in Property & Real Estate -
Harnessing the power of ESG risk premia in systematic investing
Socially responsible investing (SRI) has undergone a profound evolution since its origins in colonial America, where religious groups abstained from investing their endowment funds into anything associated with the slave trade. Centuries later, it transformed into mutual funds screening out investments that were directly or indirectly associated with gambling, alcohol and tobacco. Jessica Phalafala, quantitative
September 3, 2020 in Investments -
Lebanon PM designate pledges to form ‘expert govt’ in record time
Lebanon’s prime minister designate Mustapha Adib pledged to form a ‘government of experts’ to drive desperately needed reforms in the disaster-hit and economically ailing country. His announcement came after a high-profile visit by Emmanuel Macron during which the French president said political leaders had agreed on a reform road map involving a government being put
September 2, 2020 in Business News -
JSE is bouncing back from Covid crisis
The Johannesburg Stock Exchange has proved itself remarkably resilient during the global Covid-19 crisis. So much so that the JSE All Share Index is not just in positive territory, but on a like-for-like basis, it is producing better returns than it did at this time last year despite enduring some of the most volatile trading
September 2, 2020 in Investments -
Green and social bonds in the light of Covid-19
Michael Ridley The pandemic raises profound issues about social justice, political power and the type of society we want to live in. The true cost of various measures that governments are putting into place to fight Covid-19 has not been identified, but it is safe to say legislators will have less money to put into
September 2, 2020 in Investments -
US-Israeli delegation leaves Abu Dhabi after historic visit
A US-Israeli delegation left Abu Dhabi on Tuesday after a visit aimed at charting the relationship between the UAE and the Jewish state after their landmark deal to establish diplomatic ties. The United Arab Emirates and Israel are expected to sign the US-brokered accord, Israel’s first with a Gulf nation and only its third with
September 2, 2020 in Business News -
Supporting a strong recovery in SA manufacturing
Many people re-discovered their enthusiasm for local production during the disruptive, bewildering early days of the pandemic. The result is ‘localisation’, an emerging global trend that could revitalise local factories. Shannon Gernetzky, sector head of industrials at Standard Bank, and Sean Wegerhoff, lead, industrial advisory at Standard Bank, state that if we respond quickly and
September 1, 2020 in Manufacturing -
Nepal lifts virus climbing ban for Bahrain royal expedition
Nepal is making a royal exception to its coronavirus ban on foreign arrivals, with a mountaineering team including a Bahrain prince set to tackle two major peaks. The Himalayan country shut its borders in March including grounding international flights just ahead of the busy spring season, devastating the local tourism sector. The 18-member party were
September 1, 2020 in Business News -
GBCSA awards Equator – the Belt Factory 5-star Green Star certification
The Green Building Council of South Africa has awarded Durban-based belt manufacturer Equator – the Belt Factory a five-star Green Star Certification for Existing Building Performance. L-R: Employees Nosipho Zulu and Thabanie Mngoma and business development partner Lungani Manqele with the bins where all waste is collected for recycling. The rating focuses on energy use
September 1, 2020 in Manufacturing -
Covid-19 has hit SMEs in SA’s food sector hard. What can be done to help them
Covid-19 has prompted widespread discussion of the resilience of food systems and how efficiency and competitiveness have been previously understood. Covid-19 has further emphasised the need for a more diverse food system, in which SMEs play a key role. Recent decades have seen the growth of increasingly complex food value chains. These are underpinned by
September 1, 2020 in Manufacturing -
‘Recession-resistant’ retail centres go under the hammer
This September, more than half a dozen “recession-resistant” investment properties, comprising neighbourhood and community retail shopping precincts, will go under the hammer, shares High Street Auctions director and lead auctioneer Joff van Reenen. He says property investment indices emerging from the Covid-19 pandemic have only served to underscore the intrinsic long-term performance of this asset
September 1, 2020 in Property & Real Estate -
Swiss hotel giant chooses Dubai as regional HQ
Dubai’s position as a tourism and business hub has prompted Swiss-Belhotel International to make the emirate the epicentre for its European, Middle Eastern, African (EMEA) and Indian operations. The move comes as part of a company reshuffle, which has seen the four regions merged together. The brand’s flagship hotel, Swiss-Belhotel du Parc, Baden Switzerland will
August 31, 2020 in Business News -
Supermeal adds another food delivery option to the UAE’s home dining scene
If there was one business segment in the UAE that has really blossomed during the Covid-19 pandemic it’s home delivery services. The combination of lockdowns, curfews and public anxieties over restaurants and bars has meant that people wanting chef-prepared food have been resorting to food delivery platforms in ever greater numbers. Deliveroo, Talabat and Uber
August 31, 2020 in Business News -
Avoid acting in haste. Rather sweat the assets you have
Rather than raiding retirement annuities and selling off a valuable property at a fraction of its worth, Gary Palmer, CEO of Paragon Lending Solutions, looks at the benefits of sweating the assets you have. Gary Palmer, CEO of Paragon Lending Solutions “People are understandably concerned and anxious. This pandemic is lasting longer than we initially
August 31, 2020 in Property & Real Estate -
Kuwait Finance Ministry to mull halving $66bn debt ceiling
Finance and economic committee has also suggested reducing the period for borrowing Kuwait’s government will study an idea to lower by half the ceiling on public debt as part of proposed amendments to a law it’s struggled to push through parliament, Finance Minister Barak Al-Sheetan said. The finance and economic committee has also suggested reducing
August 30, 2020 in Business News -
UAE lifts boycott on Israel, opens new trade corridor
The UAE announced on Saturday it has repealed legislation imposing a boycott of Israel after the two countries struck a US-brokered deal to normalise relations. UAE President Sheikh Khalifa bin Zayed Al-Nahyan issued a federal decree “abolishing the Federal Law No. 15 of 1972 regarding boycotting Israel and the penalties thereof”, state news agency WAM
August 30, 2020 in Business News -
Property sharks circle Beirut after port explosion
Ever since a monster blast ravaged the arches and high ceiling of his family home in Lebanon’s capital, Bassam Bassila says a real estate developer has been hounding him to sell. “The owner of a tower block nearby is trying to pressure me into selling him my home so he can raze it to the
August 29, 2020 in Business News -
UNESCO in massive fundraising drive for blast-hit Beirut
The UN’s culture and education organisation will organise two conferences to seek “considerable” funding for blast-hit Beirut, its director said Thursday in the Lebanese capital. Audrey Azoulay told AFP during the visit of a school damaged by the colossal August 4 explosion at Beirut port that two events were in the works. “The first one
August 28, 2020 in Business News -
Home-buying in the unforgiving 2020 – it’s good news if you have your affairs in order
They say every cloud has a silver lining and many of us are desperate to discover that glistening edge in 2020 – a year that, thanks to the Covid-19 pandemic, has been unlike anything we could have predicted at our December-31st celebrations. Looking on the bright side, the coronavirus may have taken a lot from
August 28, 2020 in Property & Real Estate -
Women in leadership leaving a legacy
Interview with Deenisha Nadesan, director at Capital Legacy Fiduciary Services – South Africa’s leading provider of wills Leaving a legacy is more than the likes on your Instagram page or the number of shares you get on Facebook. It’s about what you contribute to this world and the journey you travel to get there. This
August 28, 2020 in Investments -
Saudi Aramco appoints CEO to run $500m investments arm
Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed, according to people with knowledge of the situation. Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over as CEO of Saudi Aramco Energy Ventures,
August 28, 2020 in Business News -
Aparthotels show market resilience through global lockdown regulations
Image supplied In the short-term accommodation category, which covers apartments of two bedrooms or more, including serviced units in the aparthotels sector, revenue per available room (RevPAR) was down just 4.5% from the same time last year. For the hotel category, which includes studios and one-bedroom apartments, RevPAR was down much more, at 64.8% from
August 27, 2020 in Property & Real Estate -
Why pay-as-you-go lagoons could be coming to the Gulf
US multinational water innovation company Crystal Lagoons announced on Thursday it is in talks with Middle East investors to bring public access lagoons to the region. The company, which totals 22 real estate projects globally anchored by crystalline lagoons including District One in Dubai and Citystars Sharm ElSheik, Egypt, is looking to expand its portfolio
August 27, 2020 in Business News -
How optimal water use can support food security, reduce waste in Africa
While wastewater reuse presents a sustainable solution in supporting food security amid looming water shortages, the infrastructure costs present a barrier to widespread adoption in South Africa. Manufacturing plants, particularly local branches of international food and beverage producers, are, however, increasingly investing in treatment facilities, enabling them to reuse their own wastewater and achieve zero
August 27, 2020 in Manufacturing -
How the property market will potentially evolve
In a recent webinar on ‘Exploring post-Covid-19 property trends in South Africa’, Associate Professor Francois Viruly, University of Cape Town’s (UCT) head of the Urban Real Estate Rese
