Business & Investments

Green investment in GCC could unlock up to US$2 trillion in GDP contribution by 2030, experts say at DSIG Conference

Experts at the first Dubai Stockbrokers and Investment Services Group (DSIG) conference urged GCC governments to continue opening up and strengthening the region’s capital markets by removing constraints for green finance

Date: Dubai, UAE; July 11, 2024

News Highlights:

  1. Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030;
  2. Increasing recycling rates in the GCC to an achievable 40 percent would create about 50,000 new jobs to support a US$6 billion market;
  3. Globally, an estimated investment of US$4.2 trillion per annum is required to meet the UN Sustainable Development Goals (SDGs). This looks achievable because the total financial assets industry is at US$379 trillion.
  4. By End-2022, the global investments in sustainable assets touched US$30.3 trillion with non-US markets showing 20 percent growth in assets.

Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030, if investment opportunities are tapped across key industries, according to a recent report by Strategy& that recommends the GCC governments to open up the region’s capital markets to help accelerate investment in sustainable projects.

Continue reading Green investment in GCC could unlock up to US$2 trillion in GDP contribution by 2030, experts say at DSIG Conference →
Sports & Recreations

Zim Afro T10 returns for 2nd Season

Zim Afro T10 returns for highly anticipated second season

Zimbabwe Cricket (ZC), in association with T Ten Global Sports, is delighted to announce the return of the eagerly awaited Zim Afro T10 tournament for its second edition.

Cricket’s fastest and most entertaining format will take centre stage beginning 21 September and wrapping up with a grand finale on 29 September in Harare.

The dates for the player draft and the fixtures will be announced soon.

The high-octane T10 tournament, which is the first of its kind in Africa, will see all the games being played at the iconic Harare Sports Club, much like the inaugural season.

Continue reading Zim Afro T10 returns for 2nd Season →
Business & Investments

Bitget added 2.9 million new users with $700M Capital Inflow in Q2

Bitget Q2 Report Highlights $700M Capital Inflow and nearly 50% Rise in Traffic

Global, 11th July, 2024 — Bitget, the leading cryptocurrency exchange and Web3 company, has released the quarterly transparency report for Q2 2024 showcasing the company’s progress in the year so far. Q2 2024, Bitget experienced a substantial increase in website traffic, seeing a nearly 50% rise, which brought in a surge of 10M monthly visitors.

The exchange’s inflow of funds increased. Data from the Bitget Proof-of-Reserve (PoR) page indicates that in the first 6 months, the number of users’ BTC, USDT, and ETH surged by 73%, 80%, and 153% respectively, equalling approximately $700 million in capital inflow. The growth was complemented by the addition of 2.9 million new users to the platform, aligning with its expanding reach and world-class crypto trading solutions. The spot trading volume on Bitget increased by over 10%, from $28B in Q1 to $32B in Q2.

Continue reading Bitget added 2.9 million new users with $700M Capital Inflow in Q2 →
Business & Investments

Global Wealth Report 2024: Growth returns to 4.2% offsetting 2022 slump

People around the world are getting progressively wealthier – and that doesn’t just apply to those who already own great wealth. Upward wealth mobility is expected to become more pronounced by 2030 and, further out, signs of a horizontal wealth transfer emerge.

Zurich, 10 July 2024 – In 2023 wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable to currency effects, i.e. a strong USD. However, the bounce back of 4.2% offset the loss from 2022, regardless of whether it is expressed in USD or local currencies, and was driven by growth in Europe, the Middle East and Africa (EMEA) at 4.8%, as well as Asia-Pacific (APAC) at 4.4%. Moreover, as inflation slowed, real growth exceeded nominal growth in 2023, resulting in inflation-adjusted global wealth growing by nearly 8.4%.

Continue reading Global Wealth Report 2024: Growth returns to 4.2% offsetting 2022 slump →
Business & Investments

Automechanika Dubai forms Advisory Board to drive forward the 2024 edition and future growth

Automechanika Dubai 2024 has unveiled the event’s inaugural Advisory Board, with a remit to shape the future of the event through expert insights and knowledge

A total of 18 industry professionals have been selected, covering all verticals and sectors from across the automotive industry

The exhibition will take place from 10-12 December at the Dubai World Trade Centre, showcasing more than 2,200 exhibitors and welcoming over 56,000 visitors

Dubai, UAE: Automechanika Dubai, the leading event for the automotive aftermarket industry, has officially unveiled the leaders supporting the event’s growth as part of the inaugural Advisory Board.

Continue reading Automechanika Dubai forms Advisory Board to drive forward the 2024 edition and future growth →

Interesting News Blog