Latest News
East Africa remains top destination for FDI; attracted inflows worth $4 billion
IBM to secure l EU approval for $34 billion Red Hat deal
Facebook’s Libra cryptocurrency could raise regulatory issues
Amazon plans to buy stake in UK’s Deliveroo as part of $575 mn fundraising
India finally allocates land for $44 bn refinery with Adnoc, Aramco
Aramco and ADNOC inch closer to building the oil refinery in Raigad district of Maharashtra, India
Now Razer allies with Visa for Southeast Asia payments innovation
The value proposition of the Razer-Visa fintech solution is that users need not have a bank account
Telecom
June 24, 2019
Amid trade war, US considers ban on 5G technologies made in China
Once official, this move could see telecom giants such as Nokia and Ericsson move their production units out of China
June 21, 2019
India finally allocates land for $44 bn refinery with Adnoc, Aramco
Aramco and ADNOC inch closer to building the oil refinery in Raigad district of Maharashtra, India
June 24, 2019
Now Razer allies with Visa for Southeast Asia payments innovation
The value proposition of the Razer-Visa fintech solution is that users need not have a bank account
June 24, 2019
Amid trade war, US considers ban on 5G technologies made in China
Once official, this move could see telecom giants such as Nokia and Ericsson move their production units out of China
June 21, 2019
Dubai’s Nakheel explores Vietnam real state development, hosts officials
Both parties discussed how Vietnam could benefit from the Emirati company’s real estate expertise
June 21, 2019
Vanguard unleashes new UK asset management price war with fee cuts
The US asset manager cut the fees across its $215 mn UK domiciled active fund range
June 21, 2019
Asean summit: Thailand aiming to finalise RCEP this year
If finalised, RCEP will become the world’s largest FTA covering one-third of the world’ s population or 3.56 billion people.
June 20, 2019
Trump tells Africa: Stick to US, stay away from China and Russia
US launches $50 billion Prosper Africa programme to help companies willing to operate in Africa
June 20, 2019
GSK starts sale of select consumer health drugs ahead of spinoff
The company plans to raise £1 billion before its consumer healthcare business spinoff
June 20, 2019
Italy’s Roberto Cavalli prefers to be acquired by Dubai’s Damac
Damac Properties has partnered with the Italian fashion house twice before on real estate and hospitality projects
June 19, 2019
Nigeria’s biggest lenders now focused on improving retail banking
Africa's retail banking revenues will reach $53 billion in 2022, increasing from $35 billion in 2017
June 19, 2019
AirAsia X seeks market expansion; considers re-entering Europe
Chairman Tan Sri Rafidah Aziz said that the company should consider factors including operational costs and projected revenue
June 19, 2019
Hormuz closure will not hit UAE, Saudi Arabia oil exports
The two countries in addition to Oman have alternative maritime routes, protecting their oil export activities against Hormuz’s potential closure
June 18, 2019
Mubadala company wins $6.5 bn Rolls Royce maintenance contract
Sanad Aerotech will maintain 75 Trent 700 engines used for the Airbus SE A330 jet liner a year across nine years
June 18, 2019
Aabar prepares to sell 9.9% stake in Malaysia’s RHB Bank
Aabar disposed 3 percent stake or $191 million shares in RHB Bank in March this year
June 18, 2019
Nordic Capital agrees to acquire majority stake in ArisGlobal for $700 mn
With the deal, Nordic plans to set up its first US office in New York and boost its investments in the US healthcare sector
