Dubai-based ABV closes $25 mn funding to support startups
The fund will benefit tech startups across segments such as health tech, e-commerce, SaaS, enterprise and edtech
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Saudi’s Zain partners Nokia to spur 5G FWA launch
60,000 FastMile 5G Gateway 3.1 units will be launched this year
Singapore sees surge in loans taken by firms amid pandemic
The one-fifth of the approved loans were given to the wholesale trade firms and the 16 percent of the loans were provided to the construction
Dubai home prices increases steadily, overall market still down
The VPI for the UAE in December last year was considered stable at 65.3 points
Increase in Saudi’s digital payments transactions
The number of PoS devices operating in the Kingdom also surged by the 2020 end to over 700,000
OPEC directs Nigeria to cut crude oil production for three months
The OPEC has set 1.829 million barrels per day as the production for the next three months for Nigeria
Middle East’s economic recovery will be modest, says World Bank
The Kingdom’s IHS Market Saudi Arabia Purchasing Managers’ Index was 57 in December last year
Shipping majors NYK, MOL focuses on sustainability
MOL is mulling to establish a new sustainability division and will roll out a separate division to plan and promote its environment and sustainability strategies
Network International appoints new CEO, Simon Haslam to retire
Nandan Mer, currently MasterCard strategy head - International Markets will serve as the new CEO and will join the group from February 1
Investment in Canadian oil sector to grow exponentially this year
The combined investments in oil sands operations and conventional oil and gas production are expected to surge nearly $21 billion this year