IATA: Half of global airline business to disappear in 2020 due to Covid-19
IATA also forecasts that passenger revenues will decrease by $314 bn this year
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UK-based fintech TransferWise launches operations in the UAE
TransferWise launched its money transfer service in the UAE
Sharjah records 18,537 real estate transactions worth Dh3.6 bn in Q1
The transaction value has significantly dropped compared to Dh 5.2 billion in the same period last year
EFG Hermes, PayTabs launch cutting-edge payment platform in Egypt
PayTabs Egypt platform will provide merchants and businesses with QR codes and gateway methods among other payment acceptance methods
Kenya signs deal with Ethiopian Airlines to operate cargo flights
Ethiopian Airlines will fly cargos using six of its passenger planes from Mombasa to Nairobi, Asia and Europe
UAE urges banks to extend support to private sector
Previously, the central bank provided over Dh 61 billion in the form of lowered cash reserve requirement to support businesses and individuals
LaSalle raises $681 mn for China-focused logistics fund
The fund, which was launched in 2019, secured $359 mn in initial commitment
UK-based healthtech SilverCloud raises $16 million in funding
MemorialCare Innovation Fund led the funding round
South Africa plans to launch funding for lending scheme
The National Treasury is exploring all possibilities to launch the scheme to help banks cope with Covid-19
Aerodyne makes strategic investment in MidEast drone company
Aerodyne Group invested in FEDS Group, the largest drone solutions provider in the Middle East