Maersk halted spot bookings after the Suez Canal bloackage
Depending on the market dynamics, the company is expecting significant loss in capacity over the nest few weeks.
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PipeChina begin operations at gas lines and LNG terminal acquired from Kunlun Energy
Acquired assets from Kunlun Energy include four parallel gas trunk lines and branch lines
Lightspeed, SoftBank invest $17 mn in Singapore-fintech Endowus
The newly acquired funds are expected to be used to scale up the Singapore business and expand into other key Asian markets
DP World receive the biggest vessel ever to dock in the Dominican Republic
DP World Caucedo completed its $114 mn expansion recently
Azizi Developments hands over Mina on Palm Jumeirah
Mina, the luxurious development of Azizi will now home hundreds of owners and tenants with high-class living
Alibaba Cloud boosts security for card-based transactions
It is aimed at preventing fraudulent settlements, unauthorised authentications and falsified identity verifications
HSBC UK launches SME mobile-first banking service
HSBC Kinetic is launched to make business banking simpler, faster and more intuitive
Schlumberger secures contract worth $480 mn with Basara Oil and ExxonMobil in Iraq
Schlumberger won the contract to drill 96 oil wells in southern Iraq
Petroleum Development Oman signs $4 bn service contracts
The new contracts worth $4 bn is expected to boost the Omani job market
Central Bank of UAE hits $3.2 bn foreign reserves
Statistics revealed that in 3 months, the Central Bank of UAE hit a net increase in international reserves of the Emirati Banking system.