Thailand government raises debt ceiling to fight Covid-19
This debt ceiling has been increased from 60% to 70%
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Huawei to invest $15 mn in the Middle East cloud computing program
The project is titled Cloud Oasis Program and will assist 3000 experts in the region
Dubai property prices on a rise as residential units decrease
The next phase of market recovery is largely dependent on high rises and townhouses
JP Morgan to launch its highly-anticipated digital bank Chase in the UK
The firm plans to expand its presence in Europe and LatAm
Blackstone in talks to acquire VFS Global for $1bn
VFS Global is 90% owned by Swedish Private Equity and 10% by Kuoni Foundation
Emirates to hire 3,000 cabin crew and 500 airport staff over the next six months
The latest hire is a part of its plans to ramp up its operations all over the world
Telecom giants Ooredo and CK Hutchison merge together in a $6 bn deal
The merger will create a larger, commercially stronger and more competitive telecom and internet company
Mhnet telecom acquires Brazil’s Creral telecom to expand its presence
Presently, Mhnet telecom is present in 150 cities and has 25 thousand km of optical fibre backbone
Standard Chartered to drive sustainable finance and capital markets in Saudi Arabia
Standard Chartered started offering banking services through its branch in Saudi Arabia that received a banking license in 2019
Saudi Real Estate raises $426.4 mn to finance Saudi Vision 2030 projects
The funds will be raised with the help of priority rights issues to finance projects such as Qiddiya and Roshan