Egypt records 5.1% inflation slump in 2020
The report indicates a 10.1 percent slump in the price of vegetables, followed by a 0.6 slump in the price of fish and seafood
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Oman eyes fresh loans up to $2 bn from regional and local banks
The Sultanate held talks with different banks for the development in November last year
NNPC seeks funds worth $1 billion to revamp Port Harcourt refinery
The repayment is expected to be completed over seven years through deliveries of Nigerian crude and products
UK, UAE gears up to fulfil clean energy goals
The UAE has rolled out the world’s most innovative solar, wind and waste-to-energy project in recent years
Emirates NBD to launch NFC-based digital identity verification solution
The new banking NFC -based solution is known as the TruID solution
Dubai-based ABV closes $25 mn funding to support startups
The fund will benefit tech startups across segments such as health tech, e-commerce, SaaS, enterprise and edtech
Saudi’s Zain partners Nokia to spur 5G FWA launch
60,000 FastMile 5G Gateway 3.1 units will be launched this year
Singapore sees surge in loans taken by firms amid pandemic
The one-fifth of the approved loans were given to the wholesale trade firms and the 16 percent of the loans were provided to the construction
Dubai home prices increases steadily, overall market still down
The VPI for the UAE in December last year was considered stable at 65.3 points
Increase in Saudi’s digital payments transactions
The number of PoS devices operating in the Kingdom also surged by the 2020 end to over 700,000