{
}
The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
German second-line stocks lead with a 20.62% increase, followed by commodity stocks at 10.11% and automotive sectors at 6.96%. In banking, Goldman Sachs and UBS show strong performance, with year-to-date gains of 79.8% for Societe Generale, while Sberbank faces a significant decline of 67.53%. The average performance of BSN-Group Banks stands at 23.19%.
Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
Spain's MásOrange has reportedly awarded a contract to Huawei for managing its network operations center, aiming to enhance network autonomy while integrating MásMovil and Orange Spain. This move comes amid ongoing scrutiny from the European Commission regarding high-risk vendors and the implementation of the 5G Toolbox for security. Despite geopolitical tensions, Orange Group appears to be balancing relationships with both Western and Eastern technology providers.
UBS forecasts gold prices could reach $3,500 as investors seek safe havens. Caledonia Mining Corporation reported a strong financial performance with a net profit of $17.9 million and operating cash flow of $42 million, driven by higher gold prices. Analyst Will Dymott values the company at £1,800 per share, highlighting significant upside potential as it focuses on the Bilboes mine and continues to trade at a discount compared to peers.
Kenyan logistics startup Leta has secured $5 million in seed funding to enhance its AI-powered platform and expand into new African markets, including Rwanda and Mauritius. Founded in 2022, Leta has achieved significant growth, handling 4.5 million deliveries and managing 7,400 vehicles, while helping major brands like KFC and EABL reduce costs. The investment, led by Speedinvest with participation from Google’s Africa Investment Fund, will support the startup's mission to optimize supply chains for businesses across the continent.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
The BRICS alliance is set to expand in 2025, with growing interest from African nations eager to join. This expansion could enhance bilateral trade and local currency settlements, appealing to developing countries seeking alternatives to the US dollar. Additionally, discussions around cryptocurrency adoption are intensifying, with proposals for an electronic payment infrastructure that may position Bitcoin as a viable alternative to the dollar, potentially reshaping global economic dynamics.
The BiG Africa Summit 2025 will take place from February 17-20 in Gaborone, Botswana, marking its 11th annual edition. This four-day event, hosted by Eventus International, will gather industry leaders to discuss the future of iGaming in Africa, featuring workshops, panel discussions, and networking opportunities.Key topics include harmonizing regulations, responsible gaming, and the impact of AI in sports betting. Attendees will have the chance to connect with C-level executives and experts, exploring innovative strategies to thrive in the evolving market.
Zimbabwe’s industrial power users have secured $250 million from the African Export-Import Bank to develop a floating solar plant at the Kariba Dam, the world’s largest man-made lake. The project, led by the Intensive Energy User Group, which includes mining companies like Rio Tinto’s local unit and Mimosa, aims for a 250-megawatt capacity with potential expansion to a gigawatt within 18 months.
ZWE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
global islamic finance assets reach 3.9 trillion with strong growth in 2024
TZA
QAT
SAU
IRQ
BHR
IDN
GHA
ARE
KEN
UGA
DZA
ZAF
ZMB
ETH
MYS
LBN
ZWE
EGY
PSE
MAR
CHN
IND
SYR
JOR
OMN
BGD
TUN
KWT
NGA
PAK
Show more
05:00 09.06.2025
performance trends in global stocks and banking sector analysis
DEUTSCHE BANK AG
The Goldman Sachs Group, Inc.
COMMERZBANK AG
Aareal Bank AG
American Express Bank, FSB. BANK
DenizBank AG
ZMB
SGP
BEL
CHE
CAN
ZAF
PRI
HUN
PAK
KNA
TZA
SWE
ITA
KOR
NLD
POL
VGB
TTO
DEU
SAU
GRD
FIN
RUS
REU
MYS
ESP
ZWE
MAR
CHN
NGA
UGA
USA
BRB
AUT
HKG
MUS
COM
ISR
PRT
BHS
DNK
NAM
PHL
VNM
TWN
IRL
GBR
ARG
NZL
ATG
NOR
EGY
IND
BWA
MEX
LCA
CYM
CZE
MDG
TUN
DMA
TUR
AUS
FRA
ETH
DZA
JPN
IDN
LBY
SYC
BRA
KEN
VCT
THA
Show more
13:22 17.05.2025
cisco systems insider trading and institutional investment activity reported
Cisco Systems Inc. 401(k) Plan
TLS
GEO
SGP
BEL
URY
LSO
AND
TGO
GMB
SUR
HUN
TJK
KNA
MHL
TZA
SWE
GNQ
SVK
CYP
BHR
CUB
POL
VUT
HTI
SAU
EST
CPV
SYR
GRD
BLM
SRB
AZE
GHA
REU
UZB
KIR
ESP
JOR
AIA
PER
SWZ
PSE
WLF
LUX
USA
WSM
BRB
BRN
ISR
PRT
STP
MAC
HRV
PLW
KGZ
PHL
DOM
ROU
TWN
PRY
BDI
IRN
MNP
NOR
EGY
GRC
PNG
MYT
MKD
BEN
TUN
DMA
LTU
ETH
DZA
JPN
IDN
ARM
VCT
KAZ
THA
FSM
MNG
ZMB
TUV
CHE
CHL
ZAF
PRI
ISL
CMR
ITA
KOR
AGO
NCL
COL
NLD
VGB
NIU
TTO
DEU
JAM
GUY
MSR
FIN
MNE
RUS
LVA
SVN
QAT
MYS
ZWE
MAR
TON
CHN
ALB
NGA
UGA
SLE
IRQ
AUT
HKG
COM
MUS
BHS
YEM
DNK
ECU
KWT
NAM
SLB
SMR
VAT
VNM
IRL
NER
GBR
BIH
OMN
ARG
ATG
IND
LBN
BWA
MEX
LCA
CZE
MDG
BLR
AUS
FRA
SHN
RWA
MCO
UKR
LBY
COK
BRA
KEN
SYC
COG
BGR
Deborah L. Stahlkopf
Show more
09:28 17.05.2025
Spain's MásOrange partners with Huawei amid evolving EU-China relations
ZTE Corporation
Nokia Corporation
Huawei Technologies CO. Ltd.
CHN
ESP
ROU
ZWE
POL
Xi Jinping
Laurent Leboucher
Nico Santos
Henna Virkkunen
Pedro Sánchez
Jacobo Gálvez
Meinrad Spenger
Show more
12:45 14.05.2025
Caledonia Mining reports strong results with significant growth potential in gold market
12:31 01.04.2025
kenyan logistics startup leta secures 5 million seed funding for expansion
07:00 21.03.2025
brics bloc attracts global interest as 23 countries seek membership expansion
United States Dollar
Apple Inc.
Microsoft Corporation
LAO
ZWE
SEN
AZE
SSD
PAK
GNQ
SYR
NIC
MAR
VEN
TCD
PSE
BHR
MMR
BFA
BGD
KHM
KWT
HND
COL
LKA
COG
Yury Ushakov
Ted Cruz
Vladimir Putin
Donald Trump
Show more
16:40 13.01.2025
brics expansion in africa raises prospects for cryptocurrency adoption in 2025
Apple Inc.
Bitcoin USD
IND
EGY
KEN
BRA
ZWE
RUS
CHN
ETH
Donald Trump
Jeremy Siegel
William Ruto
Vladimir Putin
Agegnehu Teshager
Show more
15:16 16.12.2024
biG Africa Summit 2025 to unite iGaming leaders in Botswana
United States Dollar
BWA
ZWE
Annalisa Samuels
Amina Nduna
Tumelo Mokoena
Peter Emolemo Kesitilwe
Nitesh Matai
Alwin Matthews
Johann Sigurdsson
Gary Ralebona
Lorien Gamaroff
Riaan Van Rooyen
Dolan Beuthin
Marcia Lynn Harris
Zoe Siwa
Show more
17:26 10.12.2024
Zimbabwe secures funding for major floating solar plant at Kariba Dam
15:56 09.12.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People: