Latest News
China’s Q2 GDP growth sinks to 6.2% year-on-year
Sinopec establishes fuel oil firm in Sri Lanka
Shell’s Pulau Bukom refinery in Singapore faces operational upset
South Korea’s first half imports fall 37% from previous year
Bank Indonesia makes key rate cut as economy slows down, exports drop
The ongoing US-China trade war has hit Indonesia’ s economy also as exports and Auxilliary raw material imports fell
Cyprus-based Woodbrook enters Middle East by buying Dubai’s Mondial
The Mondial purchase is part of Woodbrook’s global expansion plan with further targets in Europe and Latin America
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Business Leaders
July 19, 2019
Nigeria’s Aliko Dangote sole African in Bloomberg’s top 100 billionaires
Three South Africans and two of the Sawiris brothers from Egypt are the other African billionaires on the list
July 19, 2019
Bank Indonesia makes key rate cut as economy slows down, exports drop
The ongoing US-China trade war has hit Indonesia’ s economy also as exports and Auxilliary raw material imports fell
July 19, 2019
Cyprus-based Woodbrook enters Middle East by buying Dubai’s Mondial
The Mondial purchase is part of Woodbrook’s global expansion plan with further targets in Europe and Latin America
July 19, 2019
Nigeria’s Aliko Dangote sole African in Bloomberg’s top 100 billionaires
Three South Africans and two of the Sawiris brothers from Egypt are the other African billionaires on the list
July 18, 2019
Standard Bank on target to raise stake in Kenya’s Stanbic to 75%
The South African bank has increased its stake in Stanbic to 69.1% by December 2018
July 18, 2019
Emirates NBD’s net profit reaches Dh7.48 bn as the bank grows globally
The bank’s total net profit for the first six months increased 49 percent year-on-year
July 18, 2019
Surging baht hurting Thailand’s tourism; central bank gets into action
The apex bank is planning to ease the policies on money outflows by providing additional flexibility on portfolio investments
July 18, 2019
Japan for cryptocurrency SWIFT network to fight money laundering
The Japanese government is cooperating with FATF and other nations for the cryptocurrency payments network initiative
July 17, 2019
EXCLUSIVE – Telecom: Is Southeast Asia ready to adopt 5G technology?
Ericsson and Hong Kong's OFCA are both positive over the demand and use cases for 5G in Southeast Asia going forward
July 17, 2019
Dubai Airports’ solar energy project is the region’s largest installation
The project in collaboration with Etihad ESCO is anticipated to lower annual carbon emissions by 3,243 metric tonnes
July 17, 2019
Saudi sovereign wealth fund buys 40% stake in Aramco-Jacobs’ venture
PIF will hold a 30% stake in Jasara from Aramco and 10% from Jacobs Engineering after the transaction is completed
July 17, 2019
Trump trade war: Citi increases hiring in Southeast Asia
The bank has hired across banking, capital markets and advisory teams in the past year
July 17, 2019
UAE’s Masdar targets Armenia in global renewable energy push
Masdar and Armenia will collaborate on solar energy, onshore wind and floating solar power with total 500MW capacity
July 16, 2019
Brazil VC Monashees raising $250 mn to fund startups in Latin America
Firms in Monashees portfolio have raised up to $2 bn from global investors after raising funds from the Brazilian VC
July 16, 2019
Angola Cables launches cloud service for companies in Africa
The cloud service offers on-demand hardware and software resources, accelerated processing, and cloud allocated storage
July 16, 2019
Sinopec’s Sri Lanka unit to supply ships transiting major maritime route
Sinopec is China's latest investment in Sri Lanka and is important to its Belt and Road Initiative’s infrastructure plan
