gbc, Author at Global Business Council (GBC)

The China-Maldives Free Trade Agreement Effective as of 1st January 2025

1 January 20251 December 2025 gbc BRI, FTA, GDI, LVA, NeighborhoodFirst, SAGAR

Following a videoconference on 30 December 2024 between Mr WANG Wentao, Minister of Commerce of the People’s Republic of China,

Manufacturing

CATL and Stellantis Join Parts to Build €4.1B Lithium Battery Gigafactory in Spain

30 December 202416 April 2026 gbc EV, Lithium

On 10 December 2024, CATL and Stellantis signed an agreement to build a #lithium gigafactory in Zaragoza, Spain. The partnership

Infrastructure

Suez Canal Expects $7B Drop in Revenue for 2024

27 December 202431 December 2024 gbc RedSeaCrisis

With the Houthis attacking ships in the Red Sea, the maritime traffic through the Suez Canal has dropped dramatically in

Trade & Invest

Gulf Cooperation Council Emerges As One of the Top Investors in Africa

26 December 202426 November 2025 gbc AI, EDB, FDI, FoodSecurity, GCC, GDP, NDP, ODI, PPP, SmartAgriculture

In December 2024, Afreximbank released its research report on “Rising Gulf Investments in Africa“, highlighting the increasing and sustained appetite

Infrastructure

Eurasian Railway Meeting Convened in Beijing to Explore Connectivity Expansion

26 December 202415 June 2026 gbc BRI, Connectivity

On 25 December 2024, experts met in Beijing to discuss the China-Kazakhstan-Turkmenistan-Iran (CKTI) rail route. The meeting reviewed operational results

Infrastructure

Somalia Unveils New Mogadishu Development Initiative

20 December 202427 January 2026 gbc NDP, SEZ

On 19 December 2024, in the Somalian capital, Mogadishu, President Hassan Sheikh Mohamud officially unveiled the New Mogadishu Development Initiative.