IMF: Coronavirus impact to be more severe than 2008 crisis for MidEast
IMF expects the MENA region to contract by 3.3% in 2020...
Category : Featured
Deutsche Bank launches asset allocation ETF-based fund in Europe
The fund will provide clients with cost-effective long-term investment portfolios...
MTN Group announces R250 mn relief package to fight Covid-19
The telco also plans to raise R40 mn for a global staff emergency fund...
IMF executive board approves debt service relief to 25 poor countries
These countries are most vulnerable to debt and come under the IMF's revised Catastrophe Containment and Relief Trust...
Shell, ExxonMobil stall oil production owing to a pipeline leak
Shell has temporarily suspended oil production after a subsurface leak was discovered on Exxon’s Hoover Offshore Oil Pipeline System...
Logistics startup FarEye raises $25 mn in Microsoft-led funding
FarEye is capitalising on AI to increase the level of digitisation in its logistics capabilities...
2019: Residential real estate market fall 8.8% in Dubai
Rental yield remains unchanged at 6.4 percent...
Singapore announces $88 mn package to support financial sector
The aid is in addition to the $4.02 bn set aside in budget 2020 to help the sector fight against Covid-19...
Aramco slashes oil prices in Asia despite historic deal
Aramco slashed its selling price for Asian buyers by $4.20 per barrel...
Indonesian logistics startup Kargo raises $31 mn to fight the coronavirus
Investors who took part in the funding round include Tenaya Capital, Sequoia India, Mirae Asset Management and Intudo Ventures...