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Region
Africa
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Africa
China pledges $51 billion in funding to Africa for infrastructure, job creation
China will provide Africa with RMB360 billion of financial support in the next three years, including RMB 210 billion in credit lines
Africa
China’s lending to Africa rises for the first time in seven years in 2023, reaches $4.61 billion
Between 2000 to 2023, Chinese lenders provided 1,306 loans amounting to $182.28 billion to 49 African governments and 7 regional borrowers
Africa
$30 million data centre inaugurated in Congo to catalyze digital economy
The 400-rack capacity facility is expected boost DRC's digital landscape
Africa
Senegal’s first satellite is in orbit: A collaborative effort to harness space technology for socio-economic progress
The move aims to enhance natural resource management and disaster preparedness
Africa
Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement
The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring
Africa
Microsoft, G42 launch $1 billion digital ecosystem initiative for Kenya
Initiative includes building state-of-the-art data center campus in Olkaria, Kenya
Asia
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Asia
India central bank delivers first rate cut in almost 5 years as inflation eases
The central bank cut the repo rate by 25 basis points to 6.25 percent after keeping it unchanged for eleven consecutive policy meetings
Asia
South Korea’s GDP per capita outpaces Japan and Taiwan in 2024, surpasses $36,000
The country's per capita GDP has been calculated based on a nominal growth rate of 5.9 percent
Asia
India and China to resume air travel after nearly 5 years
India noted discussions on economic concerns to promote policy transparency
Asia
China reveals major breakthroughs in gold exploration with 168 metric tons discoveredÂ
This development is a key step in strengthening the nation's resource securityÂ
Asia
Malaysia, Singapore launch special economic zone to boost trade and investment
The zone will offer tax incentives and include key areas in sectors such as aerospace and tourism
Asia
Indian Railways aims for net zero carbon emissions by 2030
The rail network has commissioned 487 MW of solar energy plants as of last month
Europe
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Economy
GDP remains steady in Eurozone, up by 0.1 percent in EU
Germany and France, the two largest economies within the bloc, have reported unexpected contractions
Economy
EU allocates $1.96 billion for humanitarian aid in 2025
The EU has set additional emergency funding in its budget which includes more than €295 million for worldwide actions
Economy
Eurozone inflation rises to 2.4 percent for third consecutive month in December
Core inflation remained steady at 2.7 percent for the fourth month in a row
Economy
Eurozone economy struggles as December 2024 PMI reaches 49.6
Despite exceeding 49.5, PMI remained below the 50 threshold for growthÂ
Europe
UK house prices rise 4.7 percent in 2024
Northern Ireland was the best-performing area for the second year running, with prices up 7.1 percent
Europe
London Heathrow to invest $3 billion in upgrades over next two years
The airport invested £1.1 billion in 2024 and benefited over 1,100 supply chain partners in the UK
Saudi Arabia
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Features
Exclusive interview with Chris Newman, Executive Director, NEOM Hotel Development
With 95% of the land protected for nature, NEOM offers incredible biodiversity
United Arab Emirates
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Real Estate
U.S. new home sales rise 5.9 percent to 664,000 in November
The median sales price of a new U.S. home in November 2024 was $402,600, down from $437,300 in October
Economy
U.S. consumer confidence at six-month high in August despite lingering labor market fears
In August, U.S. consumer confidence declined among consumers under 35 while it increased for those 35 and older
Europe
Sweden’s trade surplus grows to $640 million in July 2024
Non-EU trade surplus hit SEK 22.7 billion during this period
Logistics
Apple’s iPhone sales jump 52 percent in China during April 2024
Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units
Economy
U.S. annual inflation slows to 3.4 percent in April, monthly CPI up 0.3 percent
The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)
Features
Exclusive Interview with Sheikha Bodour bint Sultan Al Qasimi, leading Sharjah to new horizons
City renowned for being people-centric, entrepreneurial, sustainable and culturally vibrant
United States
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Economy
U.S. consumer prices rise 0.5 percent in January, annual rate grows 3 percent
In the 12 months through January, core U.S. consumer prices rose 3.3 percent after gaining 3.2 percent in December
Economy
U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent
November and December payrolls were revised up by 100,000 due to routine annual adjustments
Logistics
U.S. trade deficit rises over 2-year high of $98.4 billion amid trade war concerns
The U.S. experienced significant trade deficits with several trade partners, including China, Mexico and Canada
Economy
U.S. stocks spike amid positive CPI report
The closely watched core measurement of the Consumer Price Index slowed for the first time in months
Energy
U.S. oil imports from Canada rise to record 4.42 million bpd ahead of tariff plans: EIA
Total U.S. imports of crude oil fell by 498,000 bpd to 6.43 million bpd last week, the lowest in a month
Economy
U.S. holiday retail sales grow 3.8 percent in 2024, says Mastercard
Online retail sales grew 6.7 percent year-over-year, whereas in-store sales increased 2.9 percent
Worldwide
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Banking & Finance
Google agrees to pay Italy $340 million to settle Italian tax case
Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations
Economy
U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent
November and December payrolls were revised up by 100,000 due to routine annual adjustments
Asia
South Korea’s GDP per capita outpaces Japan and Taiwan in 2024, surpasses $36,000
The country's per capita GDP has been calculated based on a nominal growth rate of 5.9 percent
Economy
GDP remains steady in Eurozone, up by 0.1 percent in EU
Germany and France, the two largest economies within the bloc, have reported unexpected contractions
Asia
India and China to resume air travel after nearly 5 years
India noted discussions on economic concerns to promote policy transparency
Asia
China reveals major breakthroughs in gold exploration with 168 metric tons discoveredÂ
This development is a key step in strengthening the nation's resource securityÂ