Finance & economy

September 25, 2018


Prodigy Finance secures R14.39b debt financing in 1year

Prodigy Finance announces that it has raised R14.39 billion in the last twelve months in available debt financing. The financing, which includes a number of leading financial institutions, will allow the company to expand its global credit model, which supports high potential students from across 150 countries.

Founder and CEO of Prodigy Finance, Cameron Stevens, said, “the world is increasingly global and connected, yet the banking industry"...

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September 25, 2018


Montero Mining, Jiang Xi Yun in lithium production plan in Africa

Mineral exploration and Development Company Montero Mining and Exploration Ltd has signed a non-binding Memorandum of Understanding with the Jiang Xi Yun Lithium Materials Company Limited of China for joint cooperation and development of lithium production in Africa.

Under the agreement Jiang Xi Yun Lithium will a sign long term off-take agreement with Montero with Jiang Xi Yun Lithium providing Montero with beneficiation technology and financing"...

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September 25, 2018


OFID invests in Egypt’s renewable energy youth program

The OPEC Fund for International Development – has extended grants in support of the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) and Bibliotheca Alexandrina. OFID Director-General Suleiman J Al-Herbish signed both grant agreements in Egypt.

In Cairo, Al-Herbish attended the graduation ceremony of RCREEE’s 10th Arab Program for Sustainable Energy Youth (APSEY) as a guest of honour, signing a $180,000 grant agreement"...

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September 25, 2018


Government picks Agrotop for $60m chicken project

The government of Sierra Leone has chosen Agrotop, a global player in livestock turnkey projects, and Integrated Solutions Africa (ISA) Group, which specializes in financial solutions and implementation of complex projects in Africa, to construct a large-scale layer and pullets farm at an investment of $60 million.

Agrotop and ISA will jointly build the new farm in the Tima and Njala areas of the Kiri Chiefdom, Moyaamba district. The farm will be"...

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September 25, 2018


The Importance of a “Strategic Investor” v/s an “Investor”

The last decade in the Middle East region has witnessed immense growth and challenges. There are many companies who have exploited the growth wave and grew their business exponentially. At the same time, there are companies that struggled either due to their resistance to change, or due to the economic challenges of the market. Leveraging the changing market conditions and rapid shift in technology, there are many niche companies that have developed unique products and services to address specific needs of their clients.


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September 24, 2018


51% of People in the GCC Love Cricket, a Survey Reveals

Cricket’s popularity is striking in a demography that has historically been inclined towards football. According to a pan-GCC YouGov survey commissioned by UAE Exchange, more than half (51%) of the people participating in survey from GCC are cricket fans. To understand where cricket stands in terms of popularity, the sport was compared with other popular sports such as Football, Tennis, Formula 1 and Basketball.

Cricket enjoys a massive fan"...

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September 23, 2018


Angola, Portugal enter deal to end double taxation

The Angolan and Portuguese Governments has signed a convention in Luanda to end double taxation on income taxes and prevent fraud and tax evasion between the two countries.

The document signed during the official visit of the Portuguese Government's leader to Angola aims to contribute to the tax relief of Angolan investment in Portugal and Portuguese investment in Angola.


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September 23, 2018


Advancing Your Management Credentials with CIMA

One does not simply become a Group Finance Manager of a group of companies in education and F&B without being able to multitask, but that is precisely the skill of Daniel Funabashi, who juggled his responsibility while completing his Chartered Institute of Management Accountants (CIMA) qualification.

“There’s no easy way. In order to get qualified, you need discipline and planning,” says Daniel from Dubai, where he is based."...

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September 23, 2018


AURAK Unveils New Tahr

The American University of Ras Al Khaimah (AURAK) hosted an unveiling ceremony where they revealed the new tahr statue located at the front entrance, welcoming visitors to the university campus.

The statue is a representation of the Arabian Tahr, an endangered species of horned mountain goat indigenous to the Al Hajar mountain range, which was chosen as the AURAK mascot last year in a student competition to help raise awareness of the animal’s"...

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September 23, 2018


World’s first ‘6-a-side’ mini Football World Cup kicks off in Lisbon

Hundreds of football fans from the UAE have travelled to Portugal to watch the world’s first-of-its-kind ‘Six-a-Side’ mini football World Cup, which runs in Lisbon from September 23 to 29, 2018.

Organised by International Socca Federation (ISF), the inaugural edition of Socca 6 World Cup, is taking place in the iconic Praça do Comércio in Lisbon’s city centre. Best national teams of 32 countries from around"...

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