FeaturedFintechKenyan fintech Pesapal receives authorisation from the central bankInternational Finance Business DeskAugust 4, 2021August 4, 2021 by International Finance Business DeskAugust 4, 2021August 4, 2021 The company can now run its payment gateway services in compliance with National Payment System (NPS) Act 2011... Read more
EconomyFeaturedIMF announces largest SDR in history of $650 bnInternational Finance Business DeskAugust 4, 2021 by International Finance Business DeskAugust 4, 2021 IMF announced a massive funding of $650 mn to help member countries fight Covid-19... Read more
FeaturedInsuranceNigeria ranks fifth in Africa in terms of premiums: Swiss ReInternational Finance Business DeskAugust 4, 2021August 4, 2021 by International Finance Business DeskAugust 4, 2021August 4, 2021 Nigeria comes last in terms of insurance premiums among nine African markets... Read more
FeaturedTechnologySaudi Arabia-based AI startup Intelmatix raises funds from STV, Sultan HoldingsInternational Finance Business DeskAugust 4, 2021 by International Finance Business DeskAugust 4, 2021 The financial details of the round were not disclosed... Read more
FeaturedPorts and ShippingChina’s cargo and container throughput volumes increases in H1 2021International Finance Business DeskAugust 4, 2021August 4, 2021 by International Finance Business DeskAugust 4, 2021August 4, 2021 Chinese port handles 7.64 bn tons of cargo, up more than 13% y-o-y... Read more
Banking and FinanceFeaturedOCB’s 25 years of establishment and development-A journey of trust & prosperityInternational Finance Business DeskAugust 2, 2021 by International Finance Business DeskAugust 2, 2021 Over the journey of a quarter of a century, OCB has affirmed its position as one of the best banks in Vietnam... Read more
FeaturedOil & GasTurkey’s Petkim wins ‘Best Working Capital Management Award’International Finance Business DeskAugust 2, 2021August 2, 2021 by International Finance Business DeskAugust 2, 2021August 2, 2021 “Awards received during the pandemic mean even more,” says Elchin Ibadov, Head of Finance, SOCAR Turkey Refinery and Petrochemicals... Read more
FeaturedTechnologyElon Musk’s Neuralink raises $205 mn in Series C roundInternational Finance Business DeskAugust 2, 2021 by International Finance Business DeskAugust 2, 2021 The tech firm aims to implant wireless brain-computer chips to help cure neurological conditions including Alzheimer's... Read more
FeaturedReal EstateSaudi Arabia’s real estate price index rises by 0.4% in Q2 2021International Finance Business DeskAugust 2, 2021 by International Finance Business DeskAugust 2, 2021 The Kingdom also records a 0.8% increase in the residential real estate prices... Read more
FeaturedFinanceJapan’s govt pension fund slashes US bonds and bills to 35% of its foreign debtInternational Finance Business DeskAugust 2, 2021 by International Finance Business DeskAugust 2, 2021 This is attributed to boosting holdings of European sovereign bonds... Read more