JP Morgan and Oliver Wyman predict that CBDCs can save $100 bn in transaction costs
In a report published by both the firms, they estimate that corporate wholesale payments amount to $24 tn a year
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UAE and IRENA unveil climate finance platform at COP26
Both the UAE and IRENA is planning to deploy 1.5 GW of clean renewable energy generation and storage by 2030
Siam Commercial Bank buys 51% stake in crypto exchange Bitkub for $537 mn
The deal between the two is expected to be completed by 2022 and is subject to regulatory approval
Brazil’s Azul eyeing to buy LATAM airlines as it plans restructuring
The Brazilian carrier also mentioned that they are ready to make an offer if the creditors fail to agree on the restructuring plan
Indonesia’s Q3 GDP growth rate slows down due to Covid-19
Southeast Asia’s biggest economy only grew 3.76% between July-September
Etisalat Enterprise Digital appoints new chief executive to drive digital strategy
Salvador Anglada has more than 25 years of experience in the telecom and IT industry
Morocco seeks $1.6 bn investment for a wind energy programme
The wind energy programme will be fully commissioned by 2024
Maersk to build a $136 mn logistics centre at Jeddah port
The centre will offer an array of solutions and infrastructure for warehousing, distribution, cold storage and e-commerce facilities
HSBC and CloudBees team up to provide secure software delivery
This deal will improve productivity for 23,000 developers working for CloudBees
Vietnamese proptech startup Citics receives funding $1.3 mn to expand its business
The new funding will help the company to cover 25 provinces and cities in Vietnam