Saudi Aramco to raise billions from asset sales
Saudi Aramco raised around $12.4 bn by selling the leasing rights over oil pipelines
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Google to enter fintech space in Japan with Pring acquisition
Besides acquiring the cashless payment company, Google will also invest around $180 million to $270 mn
Transport and Logistics to contribute 10% of Saudi GDP by 2030
Crown Prince Mohammed bin Salman launched a brand new transport and logistics programme last week
Visa reports over $1bn in crypto spending in H1 2021
Currently, the company is partnered with Coinbase, Circle and BlockFi to allow its cards to access crypto wallets on those platforms
LATAM Airlines’ bankruptcy period extended till mid-September
The South American Airlines had the deadline of presenting its restructuring plan by the end of June
Didi co-founders lose $1.5 bn as global shares plunge
Cheng Wei and Jean Liu lost the massive amount in just two days after Beijing’s crackdown on the company
Droppa partners with Elite Truck hire to expand service offerings
The partnership comes as a result of increasing national demand
Green finance in the MENA region stands at $6.4 bn in H1 2021
It has already exceeded the total debt issuance from last year
Nigerian neobank FairMoney raises $42 mn to add new products like savings, stock trading, and crypto
The bank aims to provide underbanked people access to digital financial services
Kuwait cancels the $2 bn Jurassic gas project
The move is being made to cut down on the capital expenditure of the hydrocarbon industry and Covid-19 related policy