logo
Saudi Arabia to Review 'The Line' Futuristic Project

Saudi Arabia to Review 'The Line' Futuristic Project

Yahoo7 days ago
Saudi Arabia has asked consulting firms to conduct a strategic review of its plans for building Neom's development project - The Line. It comes as the kingdom seeks to recalibrate projects under its Vision 2030 plan. Abeer Abu Omar explains to Joumanna Bercetche on Horizons Middle East and Africa.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Proptech Startup Deed Launches Digital Portal for Investing in Dubai's Residential Market
Proptech Startup Deed Launches Digital Portal for Investing in Dubai's Residential Market

Entrepreneur

time20 minutes ago

  • Entrepreneur

Proptech Startup Deed Launches Digital Portal for Investing in Dubai's Residential Market

Real estate has long been a cornerstone of wealth-building, especially in a prime and surging market such as Dubai, but for many it has felt out of reach. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Deed, a DIFC-licensed and DFSA-regulated platform, has launched a digital real estate investment platform to allow anyone, anywhere in the world, to invest in income-generating residential properties in Dubai by purchasing fractional shares starting from just AED500. Bashar Khdair, co-founder and CEO, Deed, said, "Real estate shouldn't be reserved for the few. At Deed, we've made it simple for anyone to start owning real property in Dubai, from anywhere in the world. Whether you're looking to grow your income or build long-term wealth, we've built a platform that brings the opportunity to your fingertips, fully digital, fully transparent, and fully regulated." Real estate has long been a cornerstone of wealth-building, especially in a prime and surging market such as Dubai, but for many it has felt out of reach. Source: Deed Deed combines smart technology, professional property management, and robust financial regulation to offer a truly accessible alternative allowing anyone to invest in one of the world's most appealing and continuously thriving markets.

Implats triples platinum smelting in Zimbabwe with new plant
Implats triples platinum smelting in Zimbabwe with new plant

News24

timean hour ago

  • News24

Implats triples platinum smelting in Zimbabwe with new plant

Impala Platinum's Zimbabwe unit is tripling its processing capacity in the country and plans to handle concentrates from other mining firms at its new smelter. The plant, part of Zimplats's $1.8 billion expansion plan, has the capacity to process 380 000 tons of concentrate annually, Zimplats Chair Thandi Orleyn said at the smelter's commissioning ceremony in Selous, 80 kilometers west of the capital Harare. The country's biggest platinum miner has already allocated $1.1 billion of its 10-year investment plan, which runs through 2031, she added. The plant 'is well positioned to handle feeds from other PGM producers presently in existence and in the future,' she said, referring to so-called platinum group metals used in several industries for their resistance to corrosion and heat, as well as catalytic properties. The expansion reflects a wider push across Africa to add value to natural resources before exporting them. Several mining operations in the continent have been seized or disrupted due to disputes with governments over taxes and investments, such as Barrick Mining's Loulo-Gounkoto gold complex in Mali. In Zimbabwe, the central bank's retention of hard currency from exporters has been one of the challenges faced by producers. Orleyn told Bloomberg on the sidelines of the ceremony that the company has raised concerns about the country's currency volatility with the Zimbabwean authorities. 'There is a sense that this is a long-term relationship and the currency volatility in a geopolitical environment as we are facing at the moment is something to be expected,' she said The Southern African nation has the world's third-largest platinum reserves after Russia and South Africa. Zimbabwe generates more than half of its revenues from exports of minerals including gold, chrome and diamonds.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store