Qatar’s top banks report a net profit of $3.2 bn during H1 2021
The net profit surge is due to a rise in interest and non-interest incomes that supported improved earnings
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Etisalat Group offers $505 mn to fully acquire Etisalat Investment North Africa
Etisalat has acquired an 8.7% stake in Etisalat Investment North Africa (EINA) held by the Abu Dhabi Fund for Development
HSBC buys AXA’s Singapore insurance business for $575 mn
HSBC plans on expanding its Southeast Asia presence through this deal
Moya is gearing up to become the super app of choice in South Africa
The app has close to 5 million active users in South Africa and 2 million uses the app daily
Sheikh Mohammed inaugurates solar plant as the city inches closer to achieve clean energy
Sheikh Mohammed inaugurated the 300MW first stage of the 900MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park
Nokia, Sercomtel, and Embrapa come together to test 5G network in Brazil
The project is supported by the state of Parana, along with the federal ministries of communication and agriculture
Egypt’s external debt rises up to $134.8 bn in March 2021
Data showed that Egypt’s short-term debt also increased, standing at $13.2 bn from $11.9 bn in the previous quarter
Microsoft to use Ethereum blockchain to combat piracy
The company is using a new system named Argus and is calling it as the first public anti-piracy system
Saudi Aramco joins ACWA Power’s solar project in Sudair
The solar power plant has the capacity of 1.5 GW
Dubai villa prices rise as demand increases for open space
The average rent for villas rose by 2.6% in the second quarter of 2021