Month: January 2024

Leveraging Islamic Finance for the benefit of UK businesses in Saudi Arabia

Mr Mohammed

Story: Mohammed A. Abu The UK Export Finance(UKEF) has guaranteed the country’s largest ever Murabaha facility for USD700.00 in a maiden landmark Middle Eastern deal signed by Qadiyya Investment Company supported by the Public Investment Fund of the Kingdom of Saudi Arabia, to finance the construction of the Six Flags City Theme Park in the country. The project, the financing of which is based on procuring goods and services from UK exporters, is being undertaken by a joint venture led by Bouygues Bâtiment International and Almabani General Contractors in a…

New African Magazine reveals the 100 Most Influential Africans of 2023

Mr Mohammed

The list features a diverse and inspiring group of men and women from various fields and sectors, who have made a positive impact on the continent and the world Creatives dominate the ranking with 31 representatives, followed by Business with 25 entries Nigeria is the country most represented on the list The list reflects the shifting trends and priorities in Africa, as the continent faces new challenges and opportunities 02 January 2023 – New African magazine released today its annual listing of the 100 Most Influential Africans of 2023. The list…

Africa’s Natural Gas Sector is Building Momentum in 2024

Mr Mohammed

By NJ Ayuk, Executive Chairman, African Energy Chamber The recently signed liquefied natural gas (LNG) development project in South Africa’s Mpumalanga province is a promising step on the long road to Africa’s just energy transition. The project, being jointly developed by Kinetic Energy of Australia and the Industrial Corporation of South Africa (IDC), a national development finance institution, will capitalize on Kinetic Energy’s recent 3.1 billion cubic feet natural gas discovery in Amersfoort, Mpumalanga. The project is expected to produce 50 megawatts (MW) of equivalent energy and eventually expand to…

Saudi Arabia and UAE officially join Brics: What will it mean for the bloc?

Mr Mohammed

Fareed Rahman Jan 01, 2024 The expansion of the Brics bloc to include Saudi Arabia and the UAE is expected to offer new investment opportunities for the Arab world’s two largest economies while boosting the group’s influence globally, analysts said. Saudi Arabia along with the UAE, Egypt, Iran and Ethiopia joined Brics on January 1, doubling its membership to 10, with Brazil, Russia, India, China and South Africa the original members. “Expansion of the Brics multilateral bloc to include Saudi Arabia and UAE augurs extremely well amid ongoing geopolitical and economic challenges confronting the…

Providing Islamic Fintech Solutions to the IF Industry for Sustainable Development

Mr Mohammed

Report: Mohammed A.Abu The Islamic Development Bank Institute(IsDBI) in partnership with EZBusiness,a private Business Consultancy firm has kicked off the development of the pioneering Islamic Finance Knowledge Pavilion Marketplace, an official statement distributed by the APO Group on behalf of the Institute said in Jeddah, Sunday. The Pavilion, according the statement, will provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic finance and economic development, and offer a one-stop shop for listing opportunities and seamless digital experience in the matchmaking of suppliers and customers. Phase…