Semafor· Sep 3, 2025Abu Dhabi asset manager Lunate debuts quantum ETF ETFs have exploded in the US, but the Gulf has lagged.
Semafor· Sep 3, 2025Household spending in Gulf set to soar, study finds A prolonged slump in oil prices, however, could see the growth unwind, an Oxford Economics study predicted.
Semafor· Sep 3, 2025Qatar invests in Anthropic's record $13B funding round The Qatar Investment Authority joined with more than a dozen other firms in a round valuing the AI firm at $183 billion.
Semafor· Sep 3, 2025Bahrain steers $3.5B McLaren takeover Two sovereign wealth funds from Bahrain and Abu Dhabi will acquire full ownership of the Formula 1 team, which is now valued at more than £3 billion.
Semafor· Sep 3, 2025India-Africa trade marks $100B record The figure was up from $56 billion in 2019-20.
Semafor· Sep 3, 2025Rise in food prices hits African nations hardest, report says A 10% increase in the price of food is associated with a 3.5% rise in moderate or severe food insecurity, the report said.
Semafor· Sep 3, 2025Afreximbank posts resilient half-year results The African Export-Import Bank’s total assets and contingencies rose in the first half of 2025 by 22% year-on-year to $42.2 billion.
Semafor· Sep 3, 2025TotalEnergies signs new Nigeria oil contract The country’s state oil company NNPC awarded two offshore oil blocks to TotalEnergies, deepening the French giant’s presence in the country.
Semafor· Sep 3, 2025Mining giant Glencore plans South Africa job cuts Co-owners of Glencore’s ferrochrome venture, Merafe Resources, blamed the impending job cuts on electricity supply shortages and economic challenges.
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