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MTN Group has announced significant leadership appointments and departures. Mohammed Rufai has been named the new CEO of MTN Congo-Brazzaville, starting on September 1, 2024. Ayham Moussa will take on the role of COO at MTN Nigeria, effective August 19, 2024. In addition to these appointments, MTN disclosed the voluntary early...

Ahmad Fazril Mohd Fauzi has officially resigned from his role as Chief Financial Officer of Boustead Heavy Industries Corporation Bhd (BHIC). The announcement was made through a Bursa Malaysia Securities filing, where it was revealed that the 41-year-old is leaving to pursue other opportunities. However, details regarding his future endeavors...

Former Rockwell Collins Chief Kelly Ortberg has emerged as a leading candidate for the position of Chief Executive Officer at Boeing, according to industry officials cited by The Air Current. Ortberg joins a shortlist that includes Spirit AeroSystems CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope. Shanahan, Pope,...

Over the past five years, the Pacific Australia Labour Mobility (PALM) scheme has seen significant changes. In June 2019, Australia hosted 5,886 PALM visa holders, a number that skyrocketed to 32,513 by May 2024—a remarkable increase of 450%. Several factors contributed to this surge, notably the prioritization of PALM workers...

The G7 nations are prepared to channel up to $200 billion into infrastructure projects across Central Asia, with Kazakhstan emerging as a primary beneficiary. Helaina Matza, the Acting Special Coordinator for the Partnership on Global Infrastructure Investment (PGI) within the U.S. Department of State, revealed this information during a meeting...

The Gulf Cooperation Council (GCC) economies are set for slower growth this year due to ongoing oil production cuts, with Saudi Arabia's economy being significantly impacted, according to a poll of economists. A survey conducted between July 8 and 22 involving 24 economists forecasts that Saudi Arabia's economy will grow...

Marketing Director of the SEVEN PIECES brand, a leading expert on integrated marketing communications and developer of apple bio-leather, talks about the prospects of using bio-leather in light and heavy industry. According to the Sustainable Apparel Coalition, natural leather's negative impact on the ecology far outweighs that of bio-leather. Therefore,...

Global income and wealth inequality significantly contribute to the economic crises experienced worldwide each year. Income inequality has been a problem for a long time. It started when wealth was concentrated during the monarchies and controlled by a few rich families. Burundi has the highest income or wealth inequality globally,...

Five Below announced Tuesday that its CEO and President, Joel Anderson, has resigned as the discount retailer faces declining sales and other challenges. The Philadelphia-based company, which caters to teens, has been grappling with reduced spending by lower-income shoppers and increasing theft. Consequently, it has also lowered its financial outlook...

HSBC announced on Wednesday that Georges Elhedery will assume the role of group CEO starting September 2. Elhedery, currently the Chief Financial Officer, will replace outgoing head Noel Quinn. HSBC has not yet announced a successor for Elhedery as CFO. During the transition, Quinn will work closely with Elhedery to...