Airline debt to increase by 28% this year to $550 bn: IATA
The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans...
Category : Featured
Tencent to invest $70 bn in AI, cloud computing and cybersecurity
The investment will be made over a period of five years...
Singaporean fintech Gobear secures $17 mn funding to fuel expansion
The funding round was led by returning investors Walvis Participaties and Aegon N.V....
UBS to start venture capital fund to invest in fintechs
UBS will invest between $10 mn and $20 mn of its own money...
Development of Oman’s largest solar project makes headway
Arctech Solar produced 575 MW of trackers and shipped the major tracker components to the Ibri II solar power project in Oman...
Blockchain incubator LongHash selects 7 startups for its Hatch programme
The 12-week program will focus on open finance...
Saudi Arabia’s STC to phase out 3G to make way or next gen tech
STC plans a smooth transition of all remaining 3G customers to 4G and 5G devices before 2022...
Bahrain to develop new oil reserves in the Khalij Al Bahrain basin
Bahrain will invite oil companies to explore the 2,000 sq km oil and deep gas resources...
Petronas to cut costs after Q1 profit slumps by 68%
Petronas will cut capex by 21pc and operating costs by 12pc this year...
Latam oil and gas firms to see profit decline in 2020
Last month, brent crude futures dived 25% marking their lowest record over two decades...