Amid shifting global economic currents, one Gulf state is quietly reshaping its narrative. The State of Qatar, long known for its abundant natural gas reserves, is steadily repositioning itself as a dynamic investment destination. With deliberate policy changes, infrastructure expansion, and a diversification push beyond hydrocarbons, Qatar offers a case study in the transformation of a mid-sized economy. For foreign investors seeking both performance and stability in the MENA region, the question is no lon ...

Membership may bring in foreign investment and know-how, which could help improve agricultural productivity and diversify Timor-Leste’s economy before the money from its fossil-fuel fund runs out https://t.co/pyK8sIfMWF ...

Core Insights - Saudi Arabia is actively diversifying its economy beyond oil, with over 50.6% of its economy now "completely decoupled" from oil revenues [2] - The kingdom is focusing on fast-growing sectors such as artificial intelligence, aiming to be a "key investor" in AI applications and data centers [3] - The Public Investment Fund (PIF) is leveraging oil revenues to acquire stakes in various sectors, including technology and sports [5][6] Economic Diversification - More than half of the Saudi economy is now independent of oil, with 40% of government revenue coming from non-oil sources [2] - The country reported a 1.3% rise in GDP for 2024, driven by a 4.3% increase in non-oil segments, while oil activity fell by 4.5% year on year [5] Investment in AI - Saudi Arabia is expected to gain over $135 billion by 2030 from AI investments, supported by its energy surplus [4] - The kingdom plans to build data centers at a competitive cost, aiming to lead in AI development [3] Public Investment Fund Activities - The PIF has made significant investments in tech giants and sports, including stakes in Electronic Arts and a takeover of Newcastle United [6]

Angola is poised to start production at the Tetelo copper mine, its first major large-scale copper mining venture, as announced by Mines Minister Diamantino Azevedo. This represents a significant move for the oil-dependent nation to diversify its economy by tapping into the clean energy minerals sector, reported Reuters. Owned by China's Shining Star Icarus, the Tetelo mine represents a $250m (1.78bn yuan) investment and is projected to yield 25,000 tonnes per annum (tpa) of copper concentrate during its ...

Core Points - Iraq's Prime Minister aims to end the country's $4 billion reliance on Iranian gas by 2028 to diversify the economy [1] - Iraq's power grid is strained due to decades of mismanagement, underinvestment, and corruption, with Iranian gas fueling nearly a third of electricity generation [1] - The government has signed deals with TotalEnergies and other firms to invest in capturing flared gas, potentially worth $4 billion to $5 billion annually [1] - Iraq is pursuing a multi-pronged diplomatic approach to attract investments from various countries, including the U.S., China, and Gulf nations [1] - The upcoming elections on November 11 are seen as a benchmark for Iraq's democratic process amid rising youth unemployment [1][2] Economic Diversification - The government is focused on reducing gas flaring, with a commitment to achieve zero flaring by early 2028 [1] - Recent financial and banking reforms aim to strengthen the presence of investment companies in Iraq [1] - The inauguration of a new Pharmaceutical Manufacturing City is expected to attract major American and British firms [1] Youth Employment and Digital Transformation - The government is encouraging the private sector to create job opportunities, particularly for the youth [2] - Initiatives include establishing a National Center for Digital Transformation and a Center for Cybersecurity [2] - A national strategy for artificial intelligence is being prepared to absorb a larger share of young workers [2]

Botswana lawmakers began debating a 388 billion-pula ($27 billion) plan to diversify the economy and reduce its dependence on diamond mining https://t.co/lo0xG3HHrC ...

Saudi Arabia is making a multi-billion-dollar push into the gaming industry. It’s part of a broader effort to diversify the kingdom’s economy—and perhaps change its image https://t.co/GrEQvW3FcaIllustration: Erik Carter https://t.co/zM6ZyOeAgq ...

Core Insights - NexMetals Mining has confirmed significant mineralization at Selebi North, with a 32.60-meter continuous mineralization interval, including 19.90 meters of massive sulphide [1][8][22] Company Overview - NexMetals Mining owns two previously producing Cu-Ni-Co mines in Botswana, a mineral-rich Tier 1 mining jurisdiction [2] - The Selebi mining complex has a history of production, with operations running for over four decades and a capacity of up to 10,000 tonnes per day [2] Recent Developments - The recent drilling results at Selebi North validate the continuity of mineralization and will be incorporated into an updated Mineral Resource Estimate (MRE) [5][22] - The drilling program at Selebi North has been aggressive, with multiple significant results reported over the past six months, including a notable 27.55 meters of 4.97% CuEq [10] Infrastructure and Operations - The Selebi North Mine is equipped with a 3.5-meter diameter shaft and a twin 7° decline trucking ramp, facilitating efficient drilling campaigns [5][6] - The infrastructure supports cost-effective exploration and development activities [6] Market Context - There is a growing demand for critical metals, particularly copper, driven by the green energy transformation, with copper prices increasing by 109% over the last five years [21] - Botswana's government is focusing on diversifying its economy beyond diamonds, with copper production seen as a key area for economic growth [18][19] Future Prospects - The results from the recent drilling will support potential resource expansion at Selebi North, with additional assays pending for further confirmation of mineralization scale and continuity [22]

Saudi Arabia is quickly turning into a dominant player in the gaming world. It’s part of a broader effort to diversify the kingdom’s economy away from oil https://t.co/Ruh0xSVDdY ...

Core Insights - Trinidad and Tobago is at a critical juncture as it faces declining oil reserves and must decide between invasive exploration practices and transitioning to alternative energy sources for economic diversification [1][2]. Industry Overview - Trinidad and Tobago has historically been the largest oil and natural gas producer in the Caribbean and ranks as the 17th-largest natural gas producer globally [3]. - The country is home to one of the largest natural gas processing facilities in the Western Hemisphere, with a processing capacity of nearly 2 billion cubic feet per day (bcf/d) [3]. - The upstream oil and gas market in Trinidad and Tobago is projected to grow at a CAGR of 4.4% from 2020 to 2030, with major companies like BP, Repsol, and Shell continuing operations in the region [3]. Recent Developments - The U.S. sanctions on Venezuela have negatively impacted Trinidad and Tobago's oil industry, particularly after the revocation of special licenses for gas fields in the maritime boundary between the two countries [4]. - A recent auction for deepwater oil and gas exploration blocks in Trinidad and Tobago saw limited interest, with only four out of 26 areas receiving bids [5]. - The government is encouraging increased natural gas output to enhance processing capacity and exports due to the lack of deepwater energy players in the region [5]. Strategic Partnerships - Trinidad and Tobago has entered into an agreement with Exxon Mobil to explore an area equivalent to seven ultra-deepwater blocks, which could potentially generate $21.7 billion if reserves are discovered [6]. - Exxon's renewed interest in Trinidad and Tobago follows its successful operations in Guyana, which has rapidly become a significant oil exporter in Latin America [6].