World Bank

How investing abroad can help Nigeria grow: Commonwealth of Dominica

Retrieved on: 
Tuesday, January 10, 2023

Risk diversification has always been on the minds of the affluent and, in some cases, investing elsewhere may actually have a positive impact back home in Nigeria.

Key Points: 
  • Risk diversification has always been on the minds of the affluent and, in some cases, investing elsewhere may actually have a positive impact back home in Nigeria.
  • But this doesn’t stop Nigerians from investing back in Nigeria from other locations.
  • According to a World Bank report , Nigeria remains the largest recipient of remittances in the sub-Saharan region.
  • Remittances refer to the sending of money, and in this case, to money being sent to Nigeria from abroad.

Mining Ministers from more than 60 countries attend Ministerial Roundtable at the Future Minerals Forum

Retrieved on: 
Tuesday, January 10, 2023

RIYADH, Saudi Arabia, Jan. 10, 2023 /PRNewswire/ -- More than 60 government ministers and delegations responsible for their countries' minerals and metals strategies attended the second Ministerial Roundtable hosted by Saudi Arabia's Ministry of Industry and Mineral Resources in the largest-ever meeting of its kind. The Roundtable, which took place today in Riyadh, will be followed by the Future Minerals Forum (FMF) 2023, which runs between 11 – 12 January 2023.  FMF is conducted under the auspices of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz.

Key Points: 
  • The Roundtable, which took place today in Riyadh, will be followed by the Future Minerals Forum (FMF) 2023, which runs between 11 – 12 January 2023.
  • FMF is conducted under the auspices of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz.
  • His Excellency Al-Khorayef added: "When we convened the first Ministerial Roundtable a year ago, we intended to increase awareness of the potential for mineral-driven economic development across our region.
  • This shows our joint commitment to the net-zero transition and a resource-efficient, resilient and responsible future.

Mining Ministers from more than 60 countries attend Ministerial Roundtable at the Future Minerals Forum

Retrieved on: 
Tuesday, January 10, 2023

 RIYADH, Saudi Arabia, Jan. 10, 2023 /PRNewswire/ -- More than 60 government ministers and delegations responsible for their countries' minerals and metals strategies attended the second Ministerial Roundtable hosted by Saudi Arabia's Ministry of Industry and Mineral Resources in the largest-ever meeting of its kind. The Roundtable, which took place today in Riyadh, will be followed by the Future Minerals Forum (FMF) 2023, which runs between 11 – 12 January 2023.  FMF is conducted under the auspices of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz.

Key Points: 
  • The Roundtable, which took place today in Riyadh, will be followed by the Future Minerals Forum (FMF) 2023, which runs between 11 – 12 January 2023.
  • FMF is conducted under the auspices of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz.
  • His Excellency Al-Khorayef added: "When we convened the first Ministerial Roundtable a year ago, we intended to increase awareness of the potential for mineral-driven economic development across our region.
  • This shows our joint commitment to the net-zero transition and a resource-efficient, resilient and responsible future.

New Research by APQC and IBM Institute for Business Value Estimates the Business Value of Benchmarking Could Exceed $1 Trillion Annually for Fortune 1000

Retrieved on: 
Tuesday, January 10, 2023

HOUSTON, Jan. 10, 2023 /PRNewswire/ -- A survey of 2,000 global C-suite executives by APQC and the IBM Institute for Business Value (IBV) finds that, over the past two decades, benchmarking has evolved from a back-office function focused largely on cost control, to a strategic imperative enabling collaboration, innovation, and value creation.

Key Points: 
  • Extrapolated across U.S. Fortune 1000 companies, the survey results indicate that the business value of benchmarking could exceed $1 trillion.
  • In addition to the considerable amount of business value attributed to benchmarking, survey participants indicated:
    Transformation programs are gaining traction.
  • 71% of executives say that benchmarking helps drive organizational transformation, and 68% say benchmarking helps translate more business value from transformation efforts.
  • The study research report, Boundless Benchmarking: Revolutionizing Business Models with Open Standards, can be downloaded from the websites for APQC and the IBM IBV .

SentBe Brings Cross-border Money Transfer Service to the United States

Retrieved on: 
Tuesday, January 10, 2023

Established in 2015, SentBe specializes in foreign exchange services, and its personal remittance service of the same name SentBe was launched in 2016.

Key Points: 
  • Established in 2015, SentBe specializes in foreign exchange services, and its personal remittance service of the same name SentBe was launched in 2016.
  • Traditionally, the global money transfer process is complex, expensive, and slow.
  • However, using the SentBe service via the mobile app or website, users can transfer money in real time or up to one day to 50 countries at a tenth of the cost of traditional methods.
  • In 2019, SentBe was the first Korean company to acquire a cross-border money transfer service license from the Monetary Authority of Singapore (MAS).

Ivanhoe Mines Responds to The Sentry Report and Globe and Mail Article Impugning Ivanhoe's Business Conduct in the Democratic Republic of Congo

Retrieved on: 
Monday, December 19, 2022

Both the Sentry report and the Globe and Mail article are rife with misleading content that selectively discloses supposed facts.

Key Points: 
  • Both the Sentry report and the Globe and Mail article are rife with misleading content that selectively discloses supposed facts.
  • This tactic has the effect of impugning Ivanhoe Mines' reputation, adversely impacting its business and negatively impacting public Canadian corporations operating internationally.
  • Ivanhoe Mines conducts its business in alignment with national and international laws, including in its partnering with DRC shareholders where required by law.
  • This could mislead readers into assuming that the Globe and Mail and Sentry reports cover all of Ivanhoe Mines' activities in the DRC.

Surayyah Ahmad on Greater Participation for Nigerian Women in Tech

Retrieved on: 
Monday, January 2, 2023

ABUJA, NG, Jan 2, 2023 - (ACN Newswire) - Surayyah Ahmad, Ethco Group Ltd co-founder and Executive Secretary of Startup AREWA has discussed the underrepresentation of Nigerian women in the tech industry, and women's effective participation and equal opportunities for leadership at all levels of decision-making in the tech ecosystem.

Key Points: 
  • ABUJA, NG, Jan 2, 2023 - (ACN Newswire) - Surayyah Ahmad, Ethco Group Ltd co-founder and Executive Secretary of Startup AREWA has discussed the underrepresentation of Nigerian women in the tech industry, and women's effective participation and equal opportunities for leadership at all levels of decision-making in the tech ecosystem.
  • Surayyah Ahmad, Ethco co-founder and Executive Secretary, Startup AREWA, discussed underrepresentation of Nigerian women in the tech industry and opportunities for leadership at all levels of decision-making in the tech ecosystem.
  • [Image: Startup AREWA]
    "Studies from all across the world are showing that women are underrepresented in the tech industry, despite recent headlines concentrating on tech hiring sprees and the underrepresentation of diverse populations.
  • Surayyah states that more women from Northern Nigeria are coming up with programs to help Northern women get into tech.

World Fintech Show features dynamic collaborations set to influence the direction of fintech in Saudi Arabia.

Retrieved on: 
Thursday, December 22, 2022

This event is widely considered a pivotal turning point for the Saudi Arabian fintech market.

Key Points: 
  • This event is widely considered a pivotal turning point for the Saudi Arabian fintech market.
  • World Fintech Show aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future.
  • Mansour Alobaid, Chairman Information & Communication Tech Committee, Riyadh Chamber, was then followed by a talk by Mr. Issam Abousleiman, Country Director, World Bank, on fintech in Saudi Arabia.
  • Fintactics will focus on assisting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the Kingdom, MENA, and the rest of the world.

Babson College to Host Seventh Babson Connect Worldwide, the Premier Global Entrepreneurship Summit in Miami

Retrieved on: 
Thursday, January 5, 2023

Wellesley, MA, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Babson College, the global leader in entrepreneurship education, is set to host its signature event and entrepreneurial summit, Babson Connect Worldwide 2023, on February 2-4, in Miami, Florida.

Key Points: 
  • Wellesley, MA, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Babson College, the global leader in entrepreneurship education, is set to host its signature event and entrepreneurial summit, Babson Connect Worldwide 2023, on February 2-4, in Miami, Florida.
  • This global business summit brings together world-renowned entrepreneurial leaders and educators, along with Babson alumni, faculty, parents, administrators, and friends.
  • The three-day series of events is an opportunity for those across the global community to connect, exchange ideas, and be inspired.
  • “Babson Connect Worldwide is the premier gathering of entrepreneurial leaders,” said Stephen Spinelli Jr. MBA’92, PhD.

Invest in Dominica for a life in paradise

Retrieved on: 
Tuesday, December 27, 2022

With gift-giving around the world, the festive season is also a time to think about what one really wants from life.

Key Points: 
  • With gift-giving around the world, the festive season is also a time to think about what one really wants from life.
  • Located halfway along the Eastern Caribbean archipelago is the Commonwealth of Dominica, an island-state stretching 751 km² (290 square miles) and boasting 148 km (91 miles) of coastal line.
  • The Dominica CBI Programme is a good value for money for both individual applicants and families looking to apply for second citizenship.
  • Dominica requires no wealth tax, gift tax, inheritance tax, capital gains tax, foreign income tax or personal income tax.