Saudi Arabia uses blockchain to transfer funds into local banks
The move was a part of the Saudi central bank’s plan to explore latest technological innovation...
Tag : coronavirus
UAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s Payguru
The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority...
Hong Kong announces HK$30 bn bailout package for Cathay Pacific
This marks the first time the Hong Kong government has invested in a private company...
UAE’s economy to contract by 4.5% in 2020: World Bank
Economy to recover and grow by 1.4% next year...
UK’s AstraZeneca approaches rival Gilead for potential merger
Both companies are leading the fight against Covid-19 in their respective countries...
Singapore Airlines secures additional $1 bn in credit facilities
This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis...
ECB announces new pandemic stimulus worth $676 bn to fight Covid-19
This takes the total pandemic stimulus to $1.52 trn...
Japanese healthtech Ubie secures $18.7 mn funding
The startup will use the new funds to expand its research and development capabilities...