Bahrain-based Rain Financial raises $6 mn in Series A funding
The fresh capital will be utilised by Rain to expand its presence inside Bahrain and grow its team
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DoF partners Daman, FAB to launch DH 6 bn package for SME’s
DoF will partner national health insurer Daman and First Abu Dhabi Bank (FAB) to complete the first phase of the initiative
Digital disruption to boost Insurtech sector in the UAE
According to a research report, around 67% of insurers want to collaborate with insurtechs
Zain deploys second phase of its 5G network in Saudi Arabia
Zain KSA rolled out its first phase of 5G network in October 2019
Revolut applies for banking license in the UK
The company aims to launch a financial super app after acquiring the license
South Africa’s oil refiner’s future in jeopardy after oil refiners’ halts operations
Glencore’s Astron Energy has halted operations due to an explosion in July last year
Vietnam’s telecom major Viettel plans to enter market in Cuba, North Korea
The company has plans to acquire 20 percent stake in an unnamed European telecom major and also acquire stakes in existing telecom firms in Indonesia
Dubai-based property developer Seven Tides records $152 million sales in 2020
Transactions worth over $19.6 billion were recorded in Dubai in 2020
Denmark-based shipping major UltraShip to deploy FOS for its vessels
The contract between UltraShip and Wartsila Voyage was signed in the fourth quarter last year and the solution is expected to be deployed by this
Shell restarts Prelude offshore project after a year
The development comes at a time when economies such as China has pushed LNG prices to the highest levels