GRIP

Botswana to buy 24% stake in Belgian diamond trader HB Antwerp

The Botswana government announced Monday that it will buy a 24% stake in the Belgian gem trader HB Antwerp, a move that is seen as a possible challenge to De Beers’s dominance of the southern African nation’s diamond industry. “Today is the dawn of a new era of a diamond industry in Botswana as we […]

Libya: PM Dbeibah pledges stronger decentralization as new municipal leaders take office

Libya’s Prime Minister, Abdul Hamid Dbeibah, met on August 26 with winners of the second round of municipal elections, which saw strong youth representation and notable participation by women, according to preliminary results. He congratulated the new leaders, reminding them that their victory carries a weight of responsibility in serving citizens and managing local affairs. […]

Saudi PIF’s SRC inks 133mln real estate financing deal with Riyad Bank

The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a SR500 million ($133.13 million) real estate financing portfolio, reports say. Fabrice Susini, CEO of SRC and Tareq Al-Sadhan, CEO of Riyad Bank signed the deal in the presence of of […]