EconomyFeaturedIMF: Coronavirus impact to be more severe than 2008 crisis for MidEastInternational Finance Business DeskApril 16, 2020April 16, 2020 by International Finance Business DeskApril 16, 2020April 16, 2020 IMF expects the MENA region to contract by 3.3% in 2020... Read more
FeaturedTelecomMTN Group announces R250 mn relief package to fight Covid-19International Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 The telco also plans to raise R40 mn for a global staff emergency fund... Read more
Banking and FinanceFeaturedSingapore announces $88 mn package to support financial sectorInternational Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 The aid is in addition to the $4.02 bn set aside in budget 2020 to help the sector fight against Covid-19... Read more
FeaturedOil & GasAramco slashes oil prices in Asia despite historic dealInternational Finance Business DeskApril 14, 2020 by International Finance Business DeskApril 14, 2020 Aramco slashed its selling price for Asian buyers by $4.20 per barrel... Read more
FeaturedLogisticsIndonesian logistics startup Kargo raises $31 mn to fight the coronavirusInternational Finance Business DeskApril 14, 2020 by International Finance Business DeskApril 14, 2020 Investors who took part in the funding round include Tenaya Capital, Sequoia India, Mirae Asset Management and Intudo Ventures... Read more
FeaturedTelecomNHS jointly develops coronavirus app tracker with Apple and GoogleInternational Finance Business DeskApril 13, 2020 by International Finance Business DeskApril 13, 2020 The data generated from the app will be used for NHS care and research... Read more
AviationFeaturedEtihad announces special flights to Europe and JapanInternational Finance Business DeskApril 13, 2020 by International Finance Business DeskApril 13, 2020 The airline will fly to Brussels, Dublin, London, Tokyo and Zurich between April 14 and 22... Read more
BankingFeaturedPeople’s Bank of China raises stake in India’s HDFCInternational Finance Business DeskApril 13, 2020April 13, 2020 by International Finance Business DeskApril 13, 2020April 13, 2020 The bank raised its stake to 1.01% from 0.8%... Read more
FeaturedOil & GasSaudi Arabia-Russia agree to slash oil output and end the oil price warInternational Finance Business DeskApril 10, 2020 by International Finance Business DeskApril 10, 2020 The parties agreed to cut production by about 10 million barrels a day in May and June... Read more
FeaturedOil & GasPetrobras discovers oil in the Campos basin offshore BrazilInternational Finance Business DeskApril 9, 2020 by International Finance Business DeskApril 9, 2020 The oil giant will conduct a thorough study of the well to better target exploratory activities in the area... Read more