Aviation FeaturedThai Airways to let go more than 6000 employeesPritam BordoloiMay 22, 2020 by Pritam BordoloiMay 22, 2020 Cabinet decides to restructure the carrier as per the bankruptcy act... Read more
Featured TechnologySTC Bahrain and NEC join hands to launch virtual prepaid MastercardPritam BordoloiMay 21, 2020 by Pritam BordoloiMay 21, 2020 The new facility will allow users carry out transactions in a much faster, safer and efficient way... Read more
Economy FeaturedSaudi Arabia grants 348 licences in Q12020 to foreign investorsPritam BordoloiMay 21, 2020 by Pritam BordoloiMay 21, 2020 This is a 19% increase when compared to the same quarter in 2019... Read more
Banking FintechJapan’s MUFG to close 40% of domestic branches by 2023Pritam BordoloiMay 21, 2020 by Pritam BordoloiMay 21, 2020 The bank plans to adopt more cost-cutting measures in response to the coronavirus crisis... Read more
Featured TechnologyAdnoc Distribution’s app sees 9 mn contactless transactionsPritam BordoloiMay 20, 2020 by Pritam BordoloiMay 20, 2020 Adnoc provides four secure contactless payment options through its smart application, including Mobile Pay and RFID... Read more
Economy FeaturedHong Kong’s unemployment rate highest in over a decade at 5.2%Pritam BordoloiMay 20, 2020 by Pritam BordoloiMay 20, 2020 The underemployment rate hit 3.1%, the highest in more than 15 years... Read more
Featured FintechKoinWorks secures $10 mn funding to help SMEs raise funds onlinePritam BordoloiMay 19, 2020 by Pritam BordoloiMay 19, 2020 The funding round for KoinWorks was led by Lendable... Read more
Aviation FeaturedEgyptAir 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
Economy FeaturedUK 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
Featured TechnologyIT 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