Tax digitalisation sees 20% lesser use of paper cheques in Singapore
DBS Bank IRAS are collaborating to utilise tax payment digitalisation through PayNow
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Pemex begins signing contracts to initiate new oil projects
Pemex plans to explore and discover at least 20 new oil and gas fields annually
FAB raises over Dh3 bn in its first Sterling bond, Kangaroo bond
The two bonds will be listed on London Stock Exchange and Australian Stock Exchange respectively
Shareholders oppose delisting of Dubai real estate fund over low market value
The investors are the UAE’s National Bonds, Sancta Capital, Tawuniya and Emirati and Saudi family businesses
Abu Dhabi announce Dh2. 7 bn residential project at Al Dhafra region
The project includes 1,449 apartments, 700 villas two schools, eight mosques and a medical clinic
IMF modifies Kenya’s external debt distress level to moderate from low
The country’s improving debt risk is mainly attributed to better debt management plan focused on cheaper, long-term local loans
Etihad to launch subscription service for frequent flyers
The new service is called TravelPass and will be launched in partnership with Norwegian Braathens IT
Egyptian heatchtech Veezeta secures $40 mn funding for expansion
Investors who took part in the funding round include Gulf Capital, Saudi Technology Ventures, BECO Capital and others
Petrobras sets new production record in Q4 2019
It produced over 3 million barrels of oil equivalent per day in the fourth quarter
Prime residential market in Dubai grows by 22% in 2019
Deals for prime properties in Dubai amounted to Dh42.3 bn in 2019, compared to Dh34.4 bn in 2018