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US courts African minerals giants as China rivalry escalates
The summit marks the White House’s latest attempt to build a counterweight to China’s dominance of African mineral supply chains.
Zimbabwe inflation drops to single digits for first time in decades
Authorities hailed it as a “historic milestone” after decades marred by hyperinflation and currency collapse.
Zambia unlocks more IMF funds following debt overhaul
The completion of the IMF program underscores huge progress by the southern African nation in restructuring $13 billion worth of debt.
African debt repayments to Beijing overtake new Chinese loans
The shift illustrates Beijing’s changing relationship with the continent, now more focused on investments than loans.
Dubai billionaire Al Habtoor leaves Lebanon, blames government for $1.7B in losses
The billionaire’s real estate conglomerate has invested more than $1 billion sinc 2001 across Lebanon’s hospitality, retail, leisure, real estate, and finance sectors.
Dubai real estate portal Property Finder raises $170M in new financing
The portal that has now raised nearly $1 billion in equity and debt financing from a host of blue-chip backers, including Mubadala, Blackstone, and HSBC.
Dubai to invest $27B in expansion of financial district
The UAE city is doubling down on efforts to fend off regional rivals trying to dethrone it as the Gulf’s top financial hub.
US Fed expected to hold rates steady, despite pressure from Trump
The decision is overshadowed by threats to its independence and questions over its future leadership.