FeaturedTechnologyUAE lifts ban on Skype, HangOut to enable smooth business operationsInternational Finance Business DeskMarch 25, 2020 by International Finance Business DeskMarch 25, 2020 Microsoft Skype for Business and Google HangOut are now compatible with fixed internet networks in the country... Read more
FeaturedInsuranceThailand insurance companies face surge in demand; suspend salesInternational Finance Business DeskMarch 25, 2020March 25, 2020 by International Finance Business DeskMarch 25, 2020March 25, 2020 In the light of the coronavirus infection, Thailand’s insurance companies are currently modifying protection conditions... Read more
FeaturedReal EstateReal Estate deals in Oman fall by 30.6% in January 2020International Finance Business DeskMarch 25, 2020 by International Finance Business DeskMarch 25, 2020 The number of plots issued also falls by 14.7%... Read more
FeaturedPorts and ShippingGlobal shipping volumes could decline by 10% due to coronavirus outbreakSamuel AbrahamMarch 25, 2020March 25, 2020 by Samuel AbrahamMarch 25, 2020March 25, 2020 It is, however, business as usual at the ports of Antwerp and Rotterdam; DP World to seize situation next month... Read more
BankingFeaturedCoronavirus: Southeast Asian banks face surge of bad loansSamuel AbrahamMarch 25, 2020March 25, 2020 by Samuel AbrahamMarch 25, 2020March 25, 2020 Banks in Singapore, Malaysia, and Vietnam are easing borrowing terms as they face a rise in distressed loans... Read more
AviationFeaturedKenya Airways to ground 90 percent of its fleet following Coronavirus threatInternational Finance Business DeskMarch 24, 2020 by International Finance Business DeskMarch 24, 2020 Kenya Airways has suspended international flights and plans to restrict operations for domestic flights following a state order... Read more
FeaturedInsuranceFWD to sell TMB bancassurance contract to Prudential for $630 mnInternational Finance Business DeskMarch 24, 2020March 25, 2020 by International Finance Business DeskMarch 24, 2020March 25, 2020 Prudential’s Thai unit will acquire FWD’s exclusive rights to sell life insurance products using TMB Bank’s platform... Read more
FeaturedOil & GasCoronavirus: Shell to cut spending by up to $9 billionSamuel AbrahamMarch 24, 2020March 24, 2020 by Samuel AbrahamMarch 24, 2020March 24, 2020 Other oil majors including Exxon Mobil, BP, Chevron, and Total are also reducing spending... Read more
AviationFeaturedIATA: African airlines lost $4.4 bn in revenue due to Covid-19 pandemicPritam BordoloiMarch 20, 2020March 20, 2020 by Pritam BordoloiMarch 20, 2020March 20, 2020 Flights between China and Africa increased by 630% in the last decade, however all flights to China are now suspended... Read more
FeaturedPorts and Shipping10 banks commit $9 bn in loans as a part of DP World debt dealPritam BordoloiMarch 20, 2020 by Pritam BordoloiMarch 20, 2020 The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered... Read more