Kigali's $2 Billion Innovation City Construction Scheduled to Begin in September 2024
The $300 million construction of Kigali Innovation City (KIC) will start in September, following agreements signed between the Government of
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May 31
Canadian Pension Fund Exits Manhattan Office Sector with 90% Loss in Firesale Deal
The $437 billion Canadian pension plan recently sold its 45% stake in 10 East 53rd Street for $7M, a 90% loss from its 2012 purchase price o
May 29
Vietnam's Property Sector Attracts $1.98 Billion of FDI So Far in 2024, up 70% Year-on-Year
Vietnam attracted $1.98 billion in foreign direct investment (FDI) in its property sector in the first five months of 2024, a 70% increase y
May 24
Removing the Philippines' 60-40 Rule Could Entice Investors But Also Destabilize the Status Quo
In 2023, the Philippines saw $8.9 billion in FDI net inflows, a 6.6% decline from 2022. Comparatively, Singapore attracted $141.2 billion, V
May 23
PIMCO's $3.9 Billion Office Acquisition Leads to $1.7 Billion Loan Default and $700 Million Haircut
PIMCO's $1.7 billion office loan tied to a 5.5 million sf portfolio across four U.S. cities defaulted in February 2023. The lenders, Goldman
May 23
Power Delivery Issues Eclipse Vietnam's Anti-Corruption Efforts
Vietnam's power delivery concerns have been a significant issue since 2020, when electricity demand began outpacing generation capacity. In
May 23
South Africa's Power Issues Help Drive Microsoft's $1 Billion Data Center Investment in Kenya
Microsoft and G42 are investing $1 billion in Kenya's digital infrastructure, marking the largest private-sector digital investment in the c
May 23
Microsoft Bets $1 Billion on Kenya's Thriving Digital Economy
Microsoft and G42 announced a $1 billion investment in Kenya, marking the largest private-sector digital investment in the country's history
May 23
Investors Sour on Brazil Stocks on Intervention, Fed Fears
Banco Santander Brasil has significantly lowered its year-end target for the Ibovespa from 160,000 to 145,000, reflecting the general bearis
May 22
Vietnamese Steel Producers Echo Thailand's Concerns over Steel Dumping from China in the Region
Vietnam and Thailand are taking a regional approach to address the surge in Chinese steel imports, known as steel dumping. Vietnam's April 2
May 20
Milei’s Historic “Pacto de Mayo” to Revive Argentina’s Economy and Real Estate Market
In a historic move, Argentina's President Javier Milei is set to sign the "Pacto de Mayo" on May 25, a significant date in the country's his
May 18
Thailand Targets Chinese Steel Dumping Representing 70% of Domestic Consumption
Thailand's Ministry of Commerce is contemplating broadening current anti-dumping measures against Chinese hot-rolled coil steel, which makes
May 18
The Global Tremors From China’s Real Estate Crisis Are Only Just Starting
Chinese investors are selling real estate assets globally to raise cash amidst a deepening property crisis at home, potentially revealing...
May 17
China's BYD Postpones Chile Lithium Ambitions as U.S.'s Albemarle Gets 240,000 Metric Tons Lithium Quota Boost
Chile's CORFO has agreed to increase Albemarle's lithium production quota by 240,000 metric tons of lithium metal equivalent (LME), nearly 5
May 17
Record-Breaking 32 Million Pounds of Colombian Avocados Shipped to the U.S. in 2023
Colombia's avocado industry soared in 2023 with a 104% increase in U.S. shipments, totaling 32 million pounds. Projections for 2024 anticipa
May 15
Lobito Corridor's Road Network in Angola Set To Receive €381.5 Upgrade
The U.S.-Africa Business Summit in Dallas, Texas, announced a €381.5 million investment to upgrade Angola's road network, focusing on the Lo
May 12
African Copper Powerhouses Set to Meet Growing Global Copper Demand
The leading copper producers globally in 2023 were Chile, Peru, the DRC, China, and the United States, together accounting for 59% of worldw
May 11
Singapore Surpasses Thailand, Accumulates 236.60 Metric Tons of Gold Reserves in Q1 2024
In Q1 2024, Singapore surpassed Thailand as the Southeast Asian nation with the largest gold reserves, with a total of 236.60 metric tons. S
May 10
SMIC's Profits Tumble 68.9% in 2024 Marking a Rough Patch for China's Semiconductor Giant
SMIC, China's largest semiconductor manufacturer, faces intense competition and declining profits, with a significant 68.9% drop in net inco
May 10
Hines Global CIO Foresees Real Estate Investment Shift from 'Search for Beta to Search for Alpha'
David Steinbach, Global Chief Investment Officer and Co-Head of Investment Management at Hines shares his perspectives on the global real es
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