OPEC+ to stay cautious as oil market surplus comes in December
OPEC+ is gradually unwinding record production costs observed in 2020 by raising output by 400,000 barrels per month from December
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Binance and Ripple call for global crypto regulation
Binance has also launched global regulatory frameworks for crypto markets
HSBC announces the appointment of APAC co-heads for their commercial banking business
Amanda Murphy and Frank Fang will jointly lead the Asia-Pacific Commercial banking business
GFH Financial Group acquires 60% stake in UAE-based MSH
GFH spent more than $100 mn to buy the stakes of the UAE-based multi-speciality healthcare partner holding
Dubai residential capital value increase by 31% in October
Villas in Arabian Ranches, Jumeirah Islands, The Lakes and The Meadows record highest gains
Arabian Pipes signs SAR 66 mn deal with Aramco to provide steel pipes
The contract has a duration of 14 months
Mastercard partners with New Orleans to bring financial inclusion
The program offers financial inclusion, access to emergency disbursements, incentives to drive economic growth, empower underbanked residents
Embraer and Widerøe collaborate to provide sustainable flying to Scandinavia
The partnership will bring Embraer’s eVTOL vehicles to Norway within the next few years
High oil demand might dampen recovery: OPEC
The regulatory body expects oil demand to average 99.49 million barrels per day in Q4 2021
Singapore’s TSLC raises $25 mn to expand its digital lending operations
The fintech startup also aims to launch its mobile-first credit-led platform in the Middle East