Beleaguered South African Airways gets $240 million bailout package
The state-owned airline has not been able to generate revenues and has managed to survive largely due to government rescue packages...
Category : Featured
Petrobras hires 7 banks to sell stakes in fuel distribution unit
Morgan Stanley, JPMorgan Chase and Goldman Sachs are among the banks hired for the stake sale in Petrobras Distribuidora...
Saudi Telecom to buy 55% stake in Vodafone’s Egypt unit
The Saudi Telecom deal for Vodafone Egypt is expected to cost around $2.4 bn...
Toyota-backed Kenyan logistics startup Sendy raises $20mn in Series B funding round
Sendy currently has around 50,000 customers and offers its services to over 4,000 businesses across key cities of Kenya...
DP World to invest $1 bn in Bangladesh container supply chain
The investment could help Bangladesh accumulate cumulative economic benefits worth $35 bn...
Adnoc’s $15 bn pipeline sale attracts BlackRock, KKR
Adnoc plans to sell a 49% stake in its natural gas pipeline unit for $15 bn...
Sharjah Airport sees 13.6 mn passengers in 2019
The airport is expected to increase its capacity to 20 million passengers annually by 2025...
Cenfura and C4D to develop renewable energy assets in South Africa
Both parties will deliver the first tokenised assets to microgrids in the Gauteng Province of South Africa...
Saudi Aramco buys shares in blockchain oil trading company Vakt
Aramco buys $5 mn in new shares which will be used to upgrade Vakt’s platform and also plan for expansion in SE Asia...
Axa explores sale of its Middle East operations
The insurance firm is working with HSBC on its strategic sell off plan...