South Africa forecasts upbeat budget after better-than-expected revenue
Economists anticipate tax income to surpass the government’s projection, driven by strong commodity prices and a surge in mining profits.
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Senegal’s bonds fall after PM resists IMF calls to restructure debt
Senegal’s finances have been under pressure since $11 billion of unreported debt left by the last administration was found last year.
Botswana pushes for majority stake in De Beers
The move pits Botswana against Angola, which is also bidding to control the diamond mining giant.
Abu Dhabi's XRG doubles value in a year to $151B
XRG was launched last year as the investment arm of Abu Dhabi's state energy company, ADNOC.
Standard Chartered leans on Dubai to court wealthy families
The UK firm is 18 months into a five-year, $1.5 billion spending plan that will see $750 million poured into recruiting relationship managers and wealth specialists.
Dubai property boom shows no signs of slowing
Buyers eager to secure a spot in a new luxury beachfront development must put down 1 million dirhams ($272,000) just to be considered.
Qatar earmarks $1B for Japan buyouts
Qatar’s sovereign wealth fund launched a $2.5 billion Japan-focused private equity fund with ORIX, a Japanese financial services firm.
Goldman Sachs scores record $110M fee on EA sale
The US bank was the sole adviser to EA when it was bought by a consortium that included Saudi Arabia’s Public Investment Fund.
Fossil fuel use could peak by 2030: International Energy Agency
Coal use is at or close to a peak, while oil and gas are set to follow in the next 10 years, the World Energy Outlook stated.
Headlines
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