FeaturedFinanceKvika to offer investment management in the UKInternational Finance Business DeskMay 18, 2020May 19, 2020 by International Finance Business DeskMay 18, 2020May 19, 2020 It is reported that the fund has net assets worth £390 mn and listed on the London Stock Exchange... Read more
FeaturedOil & GasOil price increases above Dh110 a barrel after reduced activityInternational Finance Business DeskMay 18, 2020May 19, 2020 by International Finance Business DeskMay 18, 2020May 19, 2020 Last month, Opec expected the sector to shrink 6.85 mn bpd... Read more
FeaturedTechnologyDP World and Mastercard join hands to digitalise port paymentsPritam BordoloiMay 18, 2020 by Pritam BordoloiMay 18, 2020 The partnership will help cargo owners and SMEs pay for their freight-related costs digitally... Read more
FeaturedTelecomGeneral Atlantic to invest $873 mn in India’s Reliance JioPritam BordoloiMay 18, 2020 by Pritam BordoloiMay 18, 2020 General Atlantic will acquire a 1.3% stake in Jio... Read more
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