Pound Sterling Price News and Forecast: GBP/USD remains vulnerable on broad USD strength
12 Aug
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Pound Sterling Price News and Forecast: GBP/USD remains vulnerable on broad USD strength

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GBP/USD Forecast: Pound Sterling remains vulnerable on broad USD strengthAfter posting large losses on Thursday and Friday, GBP/USD struggles to stage a rebound on Monday and trades in negative territory, slightly above 1.3400. The pair's technical outlook suggests that the bearish bias remains intact in the short term. The US Dollar (USD) outperforms its rivals as fears over an economic downturn in the United States (US) ease. The European Union (EU) and the US announced over the weekend that they have reached a framework trade deal that sets a blanket 15% tariff on goods traded between them. Additionally, European Commission President Ursula von der Leyen noted that they will not impose retaliatory tariffs and said they...
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AU launches $50m initiative to support researchers
12 Aug
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AU launches $50m initiative to support researchers

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In a bid to create a sustainable ecosystem fostering the Agenda 2063 of “Africa We Want,” the African Union Commission (AUC), in collaboration with the African Capacity Building Foundation (ACBF) and AUDA-NEPAD, is calling for strong consortia proposals under its initiative, the Africa Think Tank Platform (ATTP). The transformative initiative, generously funded with $50 million from the World Bank, is expected to elevate African think tanks to become the architects of “cross-border development policy,” according to a press release signed by Fatou Diouf, Head of Communications and Influencing, ACBF. The think tanks are expected to apply as 3–5-member consortia with strong proposals to pursue policy-relevant research across the six thematic areas of the African Union. Successful applicants will receive a $10 million multi-year grant for two and a half years to support programs aligned with the aspirations of...
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Banking in Seconds: Alpha Morgan Bank’s *734#
12 Aug
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Banking in Seconds: Alpha Morgan Bank’s *734#

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Alpha Morgan Bank did not emerge out of nowhere, it was forged in the rigour of the capital markets, Alpha Morgan Capital, a leading asset management and investment banking firm built on consistency and discipline with assets over N150BN. Recognized for three years in a row as one of Africa’s fastest growing companies. Now with the commercial banking license of Alpha Morgan Bank and its operation across Nigeria, despite the domination by large incumbents, Alpha Morgan Bank is undoubtedly ready to deliver satisfying and accessible banking experience to all Nigerians. In a move aimed at increasing accessibility and convenience for its customers, Alpha Morgan Bank launched its banking USSD code *734#, enabling both new customers to open accounts and existing customers to perform account operations quickly and easily on their mobile phones. Related News According...
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‎Al Waha REIT additional offering 109.6% covered, raises SAR 24.9M
12 Aug
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‎Al Waha REIT additional offering 109.6% covered, raises SAR 24.9M

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Logo of Alwaha REIT FundWasatah Capital, the fund manager of Alwaha REIT Fund’s offering, announced the successful completion of the additional offering to increase the fund’s gross asset value (GAV), aimed at acquiring new real estate assets, according to a statement to Tadawul. For more news on listed companies The total subscription proceeds reached SAR 24.93 billion, excluding in-kind contributions, with a 109.64% coverage ratio. Unit allocation was completed as per the terms and conditions outlined in the supplement (1) of the fund’s terms and conditions. Priority was given to existing unitholders registered on the day of the unitholders’ meeting, followed by other investors based on their respective categories and participation levels. Refunds for excess subscription amounts will be processed within 15 business days from the end of the offering period. The...
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