The Central Bank of Egypt approves licenses for mobile contactless payment
The new service is a part of the government’s strategy to support financial inclusion and digital transformation
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TotalEnergies expect the world to reach peak oil demands by 2030
Oil demand would drop to 40 or 64 mn barrels per day by 2050
Singapore and Malaysia’s central banks link PayNow and DuitNow
The first phase of linking will launch in the fourth quarter of 2022
Dubai’s non-oil foreign trade increases by 31% during H1 2021
Dubai’s biggest trading partner was China followed by India and the US
Philippines-based logistics startup 1Export raises funds to expand in Indonesia
The funding round was led by Foxmont Capital Partners
Gulf region to invest over $70 bn in digital infrastructure by 2024
Spending in Saudi Arabia was expected to exceed $37 bn in 2020
Amazon payments head to become new CEO of Barclays partner finance
Antony Stephen will be joining Barclays in October and will focus on growing the point-of-sale business in the UK
India and UAE bilateral trade to reach $100 bn in five years
UAE was India’s third-largest trading partner with trade reaching $59.12 bn during 2019-2020
Shanghai reports strong growth in the export of container and container ships
From January to August, Shanghai exported 245,000 containers
Shell’s Brazilian subsidiary to invest $565 mn in renewables till 2025
Most of the capital investment is primarily related to solar energy projects