FintechTop StoriesAfrican fintech OPay raises $400 mn funding to expand in the Middle EastGBO CorrespondentAugust 24, 2021 GBO CorrespondentAugust 24, 202102272 The latest funding round was led by Softbank
TechnologyTop StoriesVisa joins the NFT bandwagon after buying CryptoPunkGBO CorrespondentAugust 24, 2021 GBO CorrespondentAugust 24, 202101590 Visa bought the company for $150,000 in Ethereum
Real EstateTop StoriesAlder Properties launches the Magnolia at Yas AcresGBO CorrespondentAugust 23, 2021 GBO CorrespondentAugust 23, 202101895 Construction will begin in Q4 2021 and is expected to be completed in Q3 2024
EnergyTop StoriesChina’s Three Gorges buys UAE’s wind, solar developer AlcazarGBO CorrespondentAugust 23, 2021 GBO CorrespondentAugust 23, 202101384 This deal will be backed by Mubadala Investment Company
HealthcareTop StoriesIonova Life Science secures $100 mn to fast track oncology drug researchGBO CorrespondentAugust 23, 2021 GBO CorrespondentAugust 23, 202101559 The new round was jointly led by Tsing Song Funds and Shenzen Funds group
Business LeadersTop StoriesCitigroup announce changes in Brazil investment banking hierarchyGBO CorrespondentAugust 20, 2021 GBO CorrespondentAugust 20, 202102003 Citibank hired Claudia Guimaraes from Banco Bradesco for its investment banking team
Ports and ShippingTop StoriesTecPlata signs agreement to link Port of Santa Fe to Asia, BrazilGBO CorrespondentAugust 20, 2021 GBO CorrespondentAugust 20, 202101225 The service would make a minimum of two calls per month using 500-TEU barges operated by Newport Management
Islamic FinanceTop StoriesMalaysian Touch ‘n Go’s GO+ fund is now shariah-compliantGBO CorrespondentAugust 20, 2021 GBO CorrespondentAugust 20, 202101783 Touch n’ Go Group’s management also noted that GO+ fund is Malaysia’s first sharia-compliant electronic wallet product
Banking and FinanceTop StoriesQatar’s top banks report a net profit of $3.2 bn during H1 2021GBO CorrespondentAugust 19, 2021 GBO CorrespondentAugust 19, 202101534 The net profit surge is due to a rise in interest and non-interest incomes that supported improved earnings
TelecomTop StoriesEtisalat Group offers $505 mn to fully acquire Etisalat Investment North AfricaGBO CorrespondentAugust 19, 2021 GBO CorrespondentAugust 19, 202101857 Etisalat has acquired an 8.7% stake in Etisalat Investment North Africa (EINA) held by the Abu Dhabi Fund for Development