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Dubai's DMCC and the Botswana Stock Exchange Group signed a memorandum of understanding creating Africa's first sister-hub trading corridor between Dubai and Gaborone, covering diamonds, copper, coal, critical minerals and beef. Signed by DMCC chairperson Ahmed Bin Sulayem and BSE chairperson Neo Mooki, the pact links Botswana's Okavango Diamond Company with the Dubai Diamond Exchange for coordinated tenders expected late in 2026, and explores Islamic finance and commodity tokenisation through DMCC FinX.
Dubai satellite deal draws scrutiny in South AfricaAfriForum has filed a Promotion of Access to Information Act request seeking details of a memorandum of understanding signed with Space42 and BrainSAT Technologies in Dubai in April 2024, which underpins the new state-backed BrainSAT Satellite Services. The organisation questions the procurement process and argues the venture, offering far slower speeds than Starlink, is favoured only because it meets government race-based requirements.
Dubai diamond bourse builds global tiesThe Dubai Diamond Exchange has signed cooperation agreements with the London Diamond Bourse and, through DMCC, with Botswana's diamond sector, as Dubai positions itself as a hub linking African producers to global buyers and institutional capital.
Dubai Updates
International business district that drives the flow of global trade through Dubai, DMCC, has signed a memorandum of understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of...
Dubai Multi Commodities Centre (DMCC), the international business district that drives the flow of global trade through Dubai, has announced a new memorandum of understanding (MoU) between the...
International airline Emirates’ third daily service on the Dubai-Cape Town route landed at Cape Town International Airport on July 1, marking the first arrival of flight EK778 and the debut of the...
Dubai's commodities exchange will launch a same-day settlement gold contract on Monday, its CEO told Reuters, aiming to tap safe-haven demand and faster trading infrastructure to boost liquidity in...
The Dubai Chamber of Commerce recently hosted a series of bilateral business meetings between companies from Dubai and South Africa, in Johannesburg, noting that businesses in both markets see...
Dubai-based renewable-energy company AMEA Power has successfully commissioned its 120 MW Doornhoek solar PV plant in South Africa – the first project under Bid Window 6 of the Renewable Energy...
ASX- and TSX-listed gold mining company Perseus Mining has appointed Wade Bickley as COO with effect from June 1. Bickley, who will be based out of Perseus’s Dubai office, has more than 25 years of...
Dubai-, United Arab Emirates (UAE), based global major airline Emirates has announced that it has restored operations on 96% of its global network, following the disruptions caused by the conflict...
Efficient performance by South Africa’s air cargo hubs was a key strategic instrument to propel the country’s economic growth and increase its competitiveness in world markets. So highlighted FedEx...
South Africa has proposed a sweeping overhaul of its decades-old rules governing money flows, including tightening its control on crypto assets, seeking to bolster its position as a financial hub...
To seize the opportunity for boosting growth and development presented by tourism, South Africa must address airport capacity constraints, particularly at the OR Tambo International Airport, in...
United Arab Emirates (UAE) custodian chairperson of the Kimberley Process (KP) Ahmed Bin Sulayem addressed the UN General Assembly (UNGA) on April 15, presenting the UAE’s achievements under its...
Current conflicts have been a reminder of the fragility of global energy networks, with 30% of the world's supply of oil and gas now shut down due to the disruption of shipping through the Strait...
China is probably growing in importance to the gold market the same way it is growing in importance to the global economy. By contrast, the hegemonic dominance of the US is continuing to...
Hot on the heels of Venison’s award-winning bestseller SOL: My Friend & Adversary, ESCAPING THE SUN is the blazing, untold story of a man who lived in the orbit of a giant, and finally broke free....
Johannesburg’s benchmark stock index is heading for its worst month in almost two decades, reeling from a double hit as the Iran war saps demand for emerging-market assets while plunging...
The chaos that Donald Trump’s administration has imposed on the global economy escalated sharply on February 28 as the US and Israel launched the Third Gulf War with a “war of choice” attack on...
As a result of the ongoing conflict in the Middle East, South Africa’s coal company Thungela is prioritising the safety and well-being of its 16 employees in Dubai, where the Johannesburg Stock...
Gold trade disruption caused by the war in the Middle East should not be compared with that of the global impact experienced during the Covid pandemic but should rather be viewed as a regional...
Precious metals refiner Heraeus says the initial safe haven boost to gold has faded, with the gold price still suffering from the fallout of the rapid rally to its record high. Safe-haven...
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