Deutsche Bank plans further consolidation, to close branches in Europe
The lender is planning to cut its branches in Italy and Spain
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Kenyan insurtech Lami Technologies partners with Sendy to launch in transit insurance
This partnership will enable Kenyans to access simple, hassle-free, and affordable insurance products that are customised on a per-trip basis
Ripple announces $250 mn Creator Fund to support NFT projects
The new creator fund will work with Mintable and VSA
Oman’s GDP increases by 10.1% to reach OMR15.3 bn market price during Q2 2021
The petroleum sector also registered an increase of 8.7%
The Central Bank of Egypt approves licenses for mobile contactless payment
The new service is a part of the government’s strategy to support financial inclusion and digital transformation
TotalEnergies expect the world to reach peak oil demands by 2030
Oil demand would drop to 40 or 64 mn barrels per day by 2050
Singapore and Malaysia’s central banks link PayNow and DuitNow
The first phase of linking will launch in the fourth quarter of 2022
Dubai’s non-oil foreign trade increases by 31% during H1 2021
Dubai’s biggest trading partner was China followed by India and the US
Philippines-based logistics startup 1Export raises funds to expand in Indonesia
The funding round was led by Foxmont Capital Partners
Gulf region to invest over $70 bn in digital infrastructure by 2024
Spending in Saudi Arabia was expected to exceed $37 bn in 2020