Illicit capital robbing Africa and its people of their future: UN trade and development chief
Every year an estimated 88.6 billion, which is equivalent to 3.7% of Africa’s GDP, leaves the continent in the form of illicit capital.
FDI
Indian Forex reserves climb $11.9 billion to all-time high of $534.5 billion
While announcing the monetary policy on Thursday, Reserve Bank of India Governor Shaktikanta Das said the reserves at USD 534.6 billion are equivalent to 13.4 months of imports.
Rothschild bullish on India, expects to close more deals in second half of 2020
According to Aalok Shah, managing director of Rothschild & Co in India, the bank had a reasonably good first half as it completed three large deals — the USD 490-million Piramal-Carlyle deal, USD 900-million Edelwiess-Engie deal, and TVS’ buyout of British bike company Norton Motorcycles.
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit
“The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year,” it said in its outlook on the Indian economy.
Google to be nvest $10 billion in India
This is a reflection of our confidence in the future of India and its digital economy, Sundar Pichai said.
India an attractive investment destination: Saudi envoy
The kingdom will invest $100 billion in India
The Game of Changes: The EU, China and the Middle East Investment Vortex
Vested interest groups in Arabic countries are not keen on opening up their borders to rival Arab businessmen. I would add that state actors in many Arab countries are also keen on monopolising transactions with the outside world, and specifically with the former colonial powers.
Photo: Getty Images/ Dan Kitwook