China ramps up 5G network establishment as it gears up for commercial launch
This year, 119 out of 197 new smartphone models released in China were 5G phones
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Mexico plans to halt new oil exploration and production
Mexico will possibly reduce its production target due to low oil production cause by the pandemic
Spain’s Bankia and Caixabank plan to establish a merger
The banks are planning to establish a merger worth $709 bn in assets
Saudi sees faster economic revival from pandemic
The Kingdom remains cautious due to fragile growth and other factors such as geopolitical tensions
China eyes expansion of stock market programme
China will fully reopen its financial markets this year
Pemex is focused on boosting oil revenue
The government of Mexico is betting on new oil explorations amid the Covid-19 pandemic
Dubai sees surge in virtual property transactions
Dubai saw a rise of 11.3 percent in real estate transactions in August
Alibaba increases its stake in YTO Express by investing $966 million
Alibaba and YTO Express will partner in digital technology and air cargo
Dubai FDI, Guidepoint sign new MoU to drive foreign investors growth
The MoU will support strategic directives of Dubai’s government
Chinese regulators grants domestic fund custody licence to Citigroup
Standard Chartered was the first bank to obtain a domestic fund custody license in 2018