The Shura Council’s last week decision to raise taxes on bank loan provisions has generated discontent from the banking sector, after the amendments were submitted to the legislature without being discussed at the Shura. Banks in the country criticized the move which was initiated by a parliament member from Muslim Brotherhood’s Freedom and Justice Party. […]
A new study into global wealth creation and redistribution has revealed a noteworthy trend in Africa and the Middle East, which are now attracting a growing share of the $400 billion in wealth brought along by migrating ultra-rich individuals. Since the onset of the Covid-19 pandemic, billionaires worldwide have been relocating more frequently, with Switzerland, […]
With sustainability concerns being increasingly understood and recognized across Africa, a new report by the professional services firm PwC calls on stakeholders across the continent to see to implement policies encouraging greener food production methods and the avoidance of food waste. These are required to future-proof Africa’s food supply and to meet the expected future […]
