Coronavirus: Southeast Asian banks face surge of bad loans
Banks in Singapore, Malaysia, and Vietnam are easing borrowing terms as they face a rise in distressed loans...
Category : Featured
Kenya Airways to ground 90 percent of its fleet following Coronavirus threat
Kenya Airways has suspended international flights and plans to restrict operations for domestic flights following a state order...
FWD to sell TMB bancassurance contract to Prudential for $630 mn
Prudential’s Thai unit will acquire FWD’s exclusive rights to sell life insurance products using TMB Bank’s platform...
Coronavirus: Shell to cut spending by up to $9 billion
Other oil majors including Exxon Mobil, BP, Chevron, and Total are also reducing spending...
IATA: African airlines lost $4.4 bn in revenue due to Covid-19 pandemic
Flights between China and Africa increased by 630% in the last decade, however all flights to China are now suspended...
10 banks commit $9 bn in loans as a part of DP World debt deal
The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered...
Aramco to cut refinery runs to sustain high oil output through May
Aramco to continue supplying crude at a record rate of 12.3 bpd...
Saudi Electricity is set to launch new power generation subsidiary
The company will focus on installing 10 million smart meters within 15 months...
South African Airways cancels 162 flights till March end
The carrier cancelled 38 international flights and 124 domestic flights...
Kames Capital suspends property income funds over market uncertainty
The company will focus on installing 10 million smart meters within 15 months...