Existing investors in Shein Global Holdings Ltd. are agreeing to a lock-up on new shares allocated to them in the fast-fashion retailer’s Hong Kong initial public offering, according to people familiar with the matter.
US microreactor company Nano Nuclear Energy is on the path to deploy its technology to the Middle East after signing the first and only nuclear microreactor partnership with the UAE. The agreement aims to help the country go off grid, power desert data centers and decarbonize oil and gas fields. Jay Yu, the company’s founder, executive chairman and president spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the deployment in the UAE plus their plans for Mideast expansion. (Source: Bloomberg)
Natural gas has overtaken oil to become the biggest concern for European bond traders as depleted supplies of the key fuel threaten a resurgence in inflation.
Citigroup suggests the Southern African nation may be on a path to breaking from its past of economic instability, under the International Monetary Fund’s watch. The nation’s turnaround has been aided by high gold prices, an emerging lithium sector, and the introduction of the ZiG currency in 2024. Bloomberg Television’s Jennifer Zabasajja explains on “Horizons Middle East and Africa.” (Source: Bloomberg)
Saudi Arabia is stepping up efforts to deepen its capital markets, making it cheaper and easier to trade derivatives as it seeks to attract more investors and trading firms.
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