Economy

If the Australian public would like to know what their future would have looked like if former Prime Minister Kevin Rudd succeeded in his mission to create a healthy sovereign wealth fund from the Resources Super Profits Tax proposal in 2010, look no further than the Kingdom of Saudi Arabia in 2024 – where all its citizens share in the spoils.

For this week’s newsletter, we are pleased to share an interview from the recent China-Africa Cooperation Summit with the Institute for Strategic and Policy Studies South Sudan Executive Director Melha Rout Biel and the Global Times. Biel unpacks how China and Africa can move forward together to create a shared future, with mutual prosperity.

Investors Alert! HH Sayyid Faris Bin Fatik Al Said announces new investment opportunities in Oman.

According to Financial Writer Jessica Weisman-Pitts, investors would be wise to keep abreast of Kazakhstan’s fintech sector, where leading technology firms are investing heavily in the nation’s growth thanks to a young, educated workforce and a super ambitious national Digital Agenda.

Despite connectivity challenges, the Chabahar port in Iran is crucial for India's regional presence. This port is part of broader efforts, including the International North-South Transport Corridor (INSTC), to charter alternative trade routes.

Sustainable Development Policy Institute Joint Executive Director Vaqar Ahmed says that the China-Pakistan Economic Corridor (CPEC) offers a vital opportunity to diversify Pakistan’s energy mix and promote green investments at an SDPI seminar in Islamabad this week.

Saudi Aramco netted USD 121 billion in profits and was the most profitable Fortune Global 500 company for the third year in a row. 

According to the latest report from FICO, one in three Indonesians abandon opening a personal bank account due to complex identity checks.