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Morocco rises to 8th in EU textile market as exports to Spain and Germany surge
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Morocco has bolstered its standing in the European textiles and apparel market, ranking as the eighth largest supplier to the EU based on increased exports to major markets, as indicated by recent statistics provided by the Moroccan Association of Textile and Clothing Industries (AMITH). By the close of February 2025, European Union imports of…
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MSIG, Bank of China, and China Pacific Seal Bancassurance Deal in Thailand
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It seeks to capitalize on the $5.2 billion in fresh investment from China set for Thailand in 2024. The Mitsui Sumitomo Insurance Thailand Branch (MSITB) MSIG Insurance (MSI Thailand), (BOC Thailand), and CPIC have entered into a memorandum of understanding to form a strategic alliance. bancassurance partnership in Thailand. This pact is designed to…
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Minister Calls for Action: Boost Manufacturing Sector with Top-notch Services
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Addis Ababa, May 6, 2025 (ENA) – Stakeholders highlighted that efforts are being expended to provide efficient services and support to help the manufacturing sector thrive. On the sideline of the 3rd Made in Ethiopia Expo, stakeholder’s discussions on pertinent issues to the manufacturing sector has continued. The president of the Commercial Bank of…
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Barclays Integrates Ant International’s Model into Global FX Hedging Platform
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Ant Interntional has completed the first batch of intra-group FX transactions with Barclays. Ant International has joined forces with a UK bank Barclays to enhance financial operations for companies. Barclays will integrate Ant’s Time-Series Transformer (TST) AI FX model to its FX hedging platform, BARX NetFX, which serves the e-commerce and payment industries. Their…
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Editorial: How U.S. Tariffs Could Affect Banks in SSA
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Fitch Solutions points out that the nation’s banking industry is at risk due to a significant non-performing loan (NPL) ratio of 21.8% and a Capital Adequacy Ratio (CAR) of 14.0%. Fitch Solutions points out that this situation is due to the domestic debt exchange program (DDEP) and elevated interest rates. In their report ‘US…
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Ajman Free Zone Drives Vietnam-UAE Business Opportunities
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InnoLab Asia will collaborate with the Ajman Free Zone Authority (AFZ) to present the “Vietnam-UAE Business Bridge” event to strengthen economic and investment ties between the two countries. The special event scheduled for May 6 in Ho Chi Minh City caters specifically to entrepreneurs, investors, and economic specialists, particularly focusing on Vietnamese enterprises aiming…
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Aeon Targets 100 Mega Stores in Vietnam by 2030 as Japan’s Largest Retailer Expands Globally
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Japan’s biggest retailer, Aeon, aims to expand its chain of large supermarkets and general merchandise outlets in Vietnam to reach 100 sites by 2030, marking an eightfold growth from current numbers. The firm additionally plans to establish more “mega-hypermarkets” that integrate grocery items with various general merchandise offerings like food courts and cosmetic sections.…
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Discover the True Titans of Old Money: 10 Nigerian Fortunes Built Before 1960
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The culture of accumulating wealth in Nigeria did not originate in the 21st century, nor was it even born in the 20th century. Long before independence in 1960, Nigerians were already amassing fortunes through trade, enterprise, and innovation. These early titans of commerce laid the foundation for Nigeria’s modern economy long before oil wealth.…
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Chinese Shoppers Spend Avg. $79 Per Person This Holiday Season
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During the May Day holiday, Chinese travelers increased their expenditures by 8% compared to the previous year, reaching 180.27 billion yuan (approximately US$24.92 billion). However, this figure remained below pre-pandemic levels. Additionally, China’s service sector experienced growth at its lowest rate in seven months throughout April. The May Day holiday, one of the country’s…
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Prof Douglas Boateng Presents Two Groundbreaking Books
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… moment set to ignite Africa’s industrial future A significant continental moment occurred when two landmark publications, ‘Compendium of Supply Chain Management Terms’ and ‘Strategic Sourcing and Industrialization,’ were unveiled during an official ceremony held at Exclusive Books within the Rosebank Mall in Johannesburg. Organized jointly with UJ Press from the University of Johannesburg,…