Business

Quick Summary: Nisus Finance Targets ₹4,000 Crore Fund to Address Gccs $250 Billion Credit Gap Nisus Finance plans a ₹4,000 crore fundraise through an India-UAE property platform — this move aims to bridge the GCC's $250 billion financing gap. By May 2025, Nisus secured over $68 million in sanctions from a...

Quick Summary: Tourism Flourishes in Cayman Islands With USS Kittiwake as a Key Attraction The USS Kittiwake was scuttled off Grand Cayman on Jan 5, 2011, becoming a major dive site. By 2016, the site attracted 120,800 divers and snorkelers, boosting local tourism. Recent searches show no new developments regarding the Kittiwake...

Quick Summary: Indian Exporters Eye Manufacturing Prospects in Oman at FIEO Session The Federation of Indian Export Organisations (FIEO) announced an interactive session with SOHAR Port and Freezone in New Delhi scheduled for September 16, 2026, aiming to facilitate direct B2B engagement. The event will focus on manufacturing, investment, and export...

Quick Summary: Macau Timber Forum Expands to Include Spanish Markets The Global Legal and Sustainable Timber Forum in Macau is expanding its diplomatic and commercial reach, now including Spanish-language markets. The forum is set to host 700-800 participants from various countries, marking a significant increase in cross-border business engagement. Macau is positioning...

Quick Summary: Moyasar Secures UAE Approval for First International Expansion Moyasar secured two regulatory approvals to enter the UAE, marking its first international expansion. The company operates under the Saudi Central Bank's supervision and has PCI DSS Level 1 compliance. Moyasar aims to differentiate through local technical readiness rather than consumer branding. The...

Quick Summary: EBRD Launches $20 Million Trade Line for BANK OF AFRICA EBRD announced a $20 million trade line for BANK OF AFRICA-BENIN to boost import-export operations. The EBRD is integrating advisory services with financing channels to enhance SME bankability in Benin. Beninese companies gain access to EBRD's Risk Sharing Facility and...

Quick Summary: Clifford Swan Cuts Entegris Stake as Valuation Concerns Loom Entegris stock fell due to valuation concerns — Clifford Swan Investment Counsel reduced its position by 14.5%. Despite strong earnings, the stock's year-to-date performance of 60.96% raised valuation anxiety among investors. Analysts remain optimistic with a Strong Buy consensus and a...

Quick Summary: High Court Halts Diageos EABL Sale Amid Legal Dispute The High Court has frozen the completion of Diageo's sale of its 65% stake in EABL to Asahi, pending a legal challenge. The Competition Authority of Kenya (CAK) demands EABL to set aside Sh15.5 billion as a reserve to cover...

Quick Summary: Hamiltons $60 Million Film Industry Gains Spotlight at TIFF Hamilton hosted 139 film and TV shoots in 2024, generating nearly $60 million in local revenue, showcasing its growing industry potential. The Hamilton Film Board aims to convert local production volume into political and industry leverage, starting with a TIFF...

Quick Summary: Paypal CEO Lores Rejects $50 Billion Sale to Overhaul Company Independently PayPal CEO Enrique Lores is rejecting a $50 billion sale, opting to independently revamp the company. Lores aims for $5 billion in savings over two to three years, with $400 million by 2026. PayPal reported a 12% decline in...

Quick Summary: Benin Targets 140,000 Tonnes in Cotton Processing Push Benin aims to transform its cotton industry by processing more locally — currently, only 5% of its cotton is turned into goods domestically. The Glo-Djigbé Industrial Zone is central to this push — it spans 16 square kilometers and aims to...

Quick Summary: Renuke Wijayawardhane Joins HNB Finance Board Amid Governance Expansion HNB Finance installed four independent non-executive directors on September 8, 2026, marking a significant governance expansion. The appointments include Renuke Wijayawardhane, Shanti Gnanapragasam, Nabiha Mohamed, and Dr. Thisuri Wanniarachchi. Renuke Wijayawardhane brings over 31 years of experience from the Colombo Stock...

Quick Summary: Debate Erupts Over Costcos $55 Chocolate Frankenstein Party Centerpiece Costco's $55 chocolate Frankenstein head is a 5.5-pound novelty item filled with gummy candy, sparking viral interest. The product's price, ranging from $49.99 to $54.99, has ignited debate over its value as a party centerpiece versus a candy. The item includes...

Quick Summary: CNC's Urgent Symposium Aims to Tackle French TV Export Decline French TV exports have hit a 10-year low, alarming the CNC. The CNC is organizing a symposium to address the export crisis. Analysts view this as a turning point for European TV. Deadline highlights cinema's surprising resilience...

Quick Summary: LVMH's Arnault Falls Behind as American Tech Billionaires Dominate Bernard Arnault's net worth dropped to $128.2 billion, pushing him out of the top 10 richest people. The shift marks the first time all top 10 positions are occupied by American billionaires. U.S. tech billionaires like Elon Musk...

Quick Summary: Tripura Launches Major Tea Export With 23.31 Metric Tonnes to Europe Tripura Tea Development Corporation launched its first major export initiative, sending 23.31 metric tonnes of tea to Europe. The shipment marked a significant increase from the originally planned 15.31 metric tonnes, highlighting an accelerated export push. Key figures like...

Quick Summary: State Bank Advocates for Strong Corporations as Economic Backbone Nhan Dan emphasizes that achieving double-digit growth is now a strategic requirement for Viet Nam — leading economic groups must expand globally and support smaller firms. Over 96% of Viet Nam's businesses are private enterprises, yet many struggle with governance...

Quick Summary: Indias Import Settlements in Rupees Surge in Early Fiscal 2026 Russia conducts 90% of its BRICS transactions in national currencies — highlighting progress in local-currency trade. India's imports worth Rs 1.58 lakh crore settled in rupees in early fiscal 2026-27 — showcasing local-currency settlement growth. The September 10 Mumbai statement...

Quick Summary: HWS Launches Bloomberg Terminals to Boost Finance Education Hobart and William Smith will install 12 Bloomberg Terminals this fall, offering students access to real-time market data and professional analytics. The terminals are tied to a global trading competition, allowing students to manage a $1 million virtual portfolio. Students will engage...

Quick Summary: The Economist Seeks Aspiring Business Journalists for 2024 The Economist is advertising its 2024-25 Marjorie Deane internship for business, finance, and economics writers — at least two paid six-month placements are planned in London. The internship is a rare opportunity in a niche journalism field — it offers a...