Browsing: Emerging Markets

AFSIC 2025, Africa’s leading investment conference, will take place in London, bringing together investors, financial…

The Indian Rupee (INR) has fallen to a historic low of 23.713 per UAE Dirham (AED), marking its weakest level ever. This sharp depreciation comes amid widespread volatility in Asian currencies following U.S. President Donald Trump’s latest trade restrictions. The move has triggered capital outflows from emerging markets, pushing investors towards the safety of the U.S. dollar.

Abu Dhabi’s sovereign wealth fund, ADQ, has partnered with Orion Resource Partners to establish a joint venture focused on metals and mining, ADQ announced on Thursday. This initiative aligns with the fund’s strategy to expand its critical minerals portfolio.

The UAE’s payments industry will see significant growth, with revenues reaching $27.3B by 2028, according to Boston Consulting Group’s (BCG) Global Payments Report 2024.Despite a global slowdown, the UAE remains a leader in the GCC, driven by rapid digital transformation and strategic financial sector investments.

Sharjah Publishing City Free Zone (SPC Free Zone) and Alaan, a leading provider of digital business spending solutions, recently hosted ‘Chai with Alaan x SPC Free Zone’, a networking event at the Rove Downtown Hotel in Dubai.