Saudi Arabia sees 1,131 new foreign companies setting shop in 2019
The fourth quarter was especially seen to be the busiest period with an increase of 305 companies from 238 in the previous year
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Qatar Airways enters into codeshare alliance with Deutsche Bahn
The airline presently runs 35 flights in a week between Doha and Frankfurt, Berlin and Munich
Etisalat to launch CloudTalk for SMEs in UAE
The telecom giant will launch the cloud-based communication service in collaboration with Ribbon Communications
Brazilian unicorn fintech EBANX trials digital wallet service
EBANX became a unicorn, worth over $1 billion last year after a second-round investment by FTV Capital
Maybank downgrades Thailand telcos to ‘neutral’ on 5G rollout
Maybank’s telecom outlook is weak owing to Thais average income profile
Gulf Capital targets healthcare with $100 mn IVI-RMA acquisition
IVI-RMA Middle East is the fastest growing IVF service provider in the GCC
Aramco faces heat from banks on incentives after thin IPO deal
Aramco plans to sell 450 million shares, increasing the size of its IPO to $29.4 billion
KfW Bank to back 10,000 African SMEs with $33 mn credit facility
The German bank will support the African Guarantee Fund aimed at improving SME financing across the continent
Standard Chartered forges deal with Chinese fintech Linklogis
The bank has set up its digital banking centres in the African nations of Uganda, Tanzania, Ghana and Kenya.
Hong Kong’s first virtual bank ZA Bank offers 6% interest rate
Standard Chartered, HSBC and BOC Hong Kong currently offer between 1.9% and 2.3% for the same maturity period