Egypt to launch natural gas-powered buses in 2022
Production of the bus fleets is expected to begin in mid-2022
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ACWA Power signs MoU with Natixis for projects worth $2 bn
Natixis has previously underwritten a number of ACWA projects, including the Sakaka solar photovoltaic project
Alibaba appoints new CFO amidst reshuffling of e-commerce leadership
Toby Xu will succeed Maggie Wu as the company’s CFO from April 2022
Saudi Aramco’s Wa’ed invests $5.5 mn in fintech Lamaa
Lamaa will use these funds to boost its trading platform and fuel expansion in the MENA region
Microsoft and BNPL provider Zip announces new partnership
The Zip option on the Edge browsers will let users enter an online checkout page for any purchase between $35-$1000
GFH Financial group acquires medical offices in the US worth $200 mn
This deal increases the value of the company’s healthcare portfolio to $400 mn
UAE and Kazakhstan announces trade ties to explore renewable energy
The bilateral agreement will explore sectors like renewable energy, infrastructure, aviation to name a few
Saudi Arabia’s economy is projected to grow 7% in 2022
The Saudi government also announced that the growth will be primarily driven by the oil sector
Dubai saw $871 mn real estate deals in last week of November
The total of 1,186 deals recorded covered 120 plots and 787 apartments and villas
GDFA launches green fintech taxonomy
It is launched as a joint venture between the Green Digital Finance Alliance (GDFA) and the Swiss Green Fintech network