Gulf region to invest over $70 bn in digital infrastructure by 2024
Spending in Saudi Arabia was expected to exceed $37 bn in 2020
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Amazon payments head to become new CEO of Barclays partner finance
Antony Stephen will be joining Barclays in October and will focus on growing the point-of-sale business in the UK
India and UAE bilateral trade to reach $100 bn in five years
UAE was India’s third-largest trading partner with trade reaching $59.12 bn during 2019-2020
Shanghai reports strong growth in the export of container and container ships
From January to August, Shanghai exported 245,000 containers
Shell’s Brazilian subsidiary to invest $565 mn in renewables till 2025
Most of the capital investment is primarily related to solar energy projects
Retail giant Amazon to provide 1,500 job vacancies in the UAE
Amazon Web Services will launch three data centres in the first half of 2022 in the UAE
Chinese ride hailing giant DiDi officially launches in Egypt
The company will operate Wasalny+ services that will directly compete with Uber
Thailand government raises debt ceiling to fight Covid-19
This debt ceiling has been increased from 60% to 70%
Huawei to invest $15 mn in the Middle East cloud computing program
The project is titled Cloud Oasis Program and will assist 3000 experts in the region
Dubai property prices on a rise as residential units decrease
The next phase of market recovery is largely dependent on high rises and townhouses