ADNOC and Reliance invests $2bn for chemicals in JV
This is going to be Reliance’s first investment in the MENA region
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Visa and Belvo announces strategic partnership for open finance offerings
In June, Visa announced that it has participated in Belvo’s $43 million Series A funding
UAE’s non-oil economy registered solid growth in November
This growth is the strongest in the last two-and-a-half years
Bitcoin returns to $50,000 after the market comes back to balance
Bitcoin rose 1.5% after firming overnight in line with equity markets and other assets
Revolut received a CMS license from the Monetary Authority of Singapore
The company is also looking forward to implementing its stock trading feature during the first half of 2022
Central Bank of Bahrain offers a digital payments platform
The bank plans to offer a digital Dinar which is expected to become available around the clock
Egypt to launch natural gas-powered buses in 2022
Production of the bus fleets is expected to begin in mid-2022
ACWA Power signs MoU with Natixis for projects worth $2 bn
Natixis has previously underwritten a number of ACWA projects, including the Sakaka solar photovoltaic project
Alibaba appoints new CFO amidst reshuffling of e-commerce leadership
Toby Xu will succeed Maggie Wu as the company’s CFO from April 2022
Saudi Aramco’s Wa’ed invests $5.5 mn in fintech Lamaa
Lamaa will use these funds to boost its trading platform and fuel expansion in the MENA region