EnergyTop StoriesJapan and UAE partner on hydrogen technology, supply chainGBO CorrespondentApril 9, 2021 GBO CorrespondentApril 9, 202101603 The partnership is expected to currently reflect on the rising interest in investing in hydrogen to fight climate change
FinanceOil and GasTop StoriesIMF approves $2.34 bn in financing for KenyaGBO CorrespondentApril 9, 2021 GBO CorrespondentApril 9, 202101199 The implementation of a 16% increase in VAT is to help the country to continue responding to the Covid-19 pandemic and limit public borrowing
FintechTop StoriesPaymob secures $18.5 mn funding to expand in Saudi ArabiaGBO CorrespondentApril 9, 2021April 9, 2021 GBO CorrespondentApril 9, 2021April 9, 202101274 The expansion at home is planned as the pandemic spurs a surge in cashless transactions
TelecomTop StoriesApple to pay $3.4 mn over iPhone obsolescence in ChileGBO CorrespondentApril 8, 2021 GBO CorrespondentApril 8, 202101243 Around 150,000 users in Chile sued the company claiming underperformance after a software update
Banking and FinanceTop StoriesAccess Bank plans trade finance expansion with Grobank acquisitionGBO CorrespondentApril 8, 2021 GBO CorrespondentApril 8, 202101413 The lender recently received regulatory approval to acquire a controlling stake in Grobank
Ports and ShippingTop StoriesContainer volume in major Chinese ports up by 10.8% in MarchGBO CorrespondentApril 8, 2021 GBO CorrespondentApril 8, 202101150 In late March, export container increased by 8.7% while the domestic volume saw an increase of 18 %
AviationTop StoriesKenya Airways suspends flights to UKGBO CorrespondentApril 7, 2021 GBO CorrespondentApril 7, 202101396 The announcement was made after the UK announced Kenya to the “red list” of countries and barred travellers.
EnergyTop StoriesKashima offshore wind project in Japan to be accelerated by 3 energy companiesGBO CorrespondentApril 7, 2021 GBO CorrespondentApril 7, 202101626 A completed wind farm is expected to give clean energy enough to power about 70,000 Japanese households each year
FintechTop StoriesStripe to enter MENA with UAE launchGBO CorrespondentApril 7, 2021 GBO CorrespondentApril 7, 202101455 The startup is considered to be the most valuable private fintech firms in the world
EconomyTop StoriesUAE plans 25000 jobs in vital sectors in 5 yearsGBO CorrespondentApril 6, 2021April 7, 2021 GBO CorrespondentApril 6, 2021April 7, 202101496 The launch of this strategy is intended to line with the objectives of Industrial Strategy 2021-2031