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
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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
Microsoft and BNPL provider Zip announces new partnership
The Zip option on the Edge browsers will let users enter an online checkout page for any purchase between $35-$1000
GFH Financial group acquires medical offices in the US worth $200 mn
This deal increases the value of the company’s healthcare portfolio to $400 mn
UAE and Kazakhstan announces trade ties to explore renewable energy
The bilateral agreement will explore sectors like renewable energy, infrastructure, aviation to name a few
Saudi Arabia’s economy is projected to grow 7% in 2022
The Saudi government also announced that the growth will be primarily driven by the oil sector