AviationFeaturedEgyptAir to receive $127.39 mn to weather coronavirus crisisPritam BordoloiMay 18, 2020 by Pritam BordoloiMay 18, 2020 The government will support the carrier until it returns to 80% of its 2019 operation... Read more
FeaturedReal EstateKennedy Funding closes $3 mn loan for property development in BrazilInternational Finance Business DeskMay 15, 2020May 15, 2020 by International Finance Business DeskMay 15, 2020May 15, 2020 Brazil's real estate market is well developed and has an organised property registration system... Read more
FeaturedFintechUK fintechs might have lost up £1.4 bn in investmentsInternational Finance Business DeskMay 15, 2020May 15, 2020 by International Finance Business DeskMay 15, 2020May 15, 2020 A study conducted by Qadre and techUK shows that 59% of fintech founders in the country have lost investment opportunities... Read more
FeaturedOil & GasBrooge Petroleum leases six oil tanks in the UAE to TotalInternational Finance Business DeskMay 15, 2020May 15, 2020 by International Finance Business DeskMay 15, 2020May 15, 2020 The lease will be for a period of six months, with a potential to renew for another six months... Read more
EconomyFeaturedUK to witness a £300bn budget deficit in the current financial yearPritam BordoloiMay 15, 2020 by Pritam BordoloiMay 15, 2020 Government borrowing is equivalent to more than 15% of economic output... Read more
FeaturedTechnologyIT spending to decline by 8% globally due to the pandemicPritam BordoloiMay 15, 2020 by Pritam BordoloiMay 15, 2020 IT spending is projected to total $3.4 trillion in 2020, according to leading global research and advisory company Gartner... Read more
FeaturedFintechSingaporean fintech Spark secures $10.5 mn funding from Citi, HSBCPritam BordoloiMay 15, 2020 by Pritam BordoloiMay 15, 2020 Spark’s will use the funds to further develop its in-house technology... Read more
EnergyFeaturedIndia ranks 74 on global Energy Transition Index: WEFInternational Finance Business DeskMay 14, 2020May 14, 2020 by International Finance Business DeskMay 14, 2020May 14, 2020 India has progressed in relation to all important parameters such as economic growth, energy security and environmental sustainability... Read more
BankingFeaturedRakBank, BankAsia drive cross-border payments using Ripple’s blockchainInternational Finance Business DeskMay 14, 2020May 14, 2020 by International Finance Business DeskMay 14, 2020May 14, 2020 Bangladeshi expatriate community is expected to benefit from the partnership with instant and secure payments... Read more
AviationFeaturedDXB passenger traffic drops 19.8% in Q1 2020International Finance Business DeskMay 14, 2020May 14, 2020 by International Finance Business DeskMay 14, 2020May 14, 2020 A total of 17.8 mn passengers passed through through the DXB gates between January and March 2020... Read more