Global oil and gas decommissioning costs to reach $42 bn by 2024
Around 2,500 oil and gas wells are expected to be decommissioned during the period with around 1,500 in the UK alone
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Ziina raises $850,000 in pre-seed round led by Class 5 Global
Ziina is the first fully licenced social peer-to-peer payment application in the UAE
Nigeria-based fintech Carbon launches social banking service
The keyboard extension allows customers to access its services from within whatever app they are using
Ecobank, Google partner to support African SMEs
Ecobank will offer various solutions including Google My Business and Google Ad products for SME customers
MTN Nigeria plans N600 bn investment to improve 4G coverage
The investment will stretch over a period of three years
Kenya observes 30.5% households unable to pay rents
The pandemic has forcibly reduced their income by 52.9 percent, in addition to temporary loss of jobs at 22.4 percent
Etihad let go hundred of employees this month: Reports
The job cuts are a part of the measures undertaken by the carrier to survive the coronavirus crisis
GCC expects to see fresh round of M&As in banking sector
This year will see Islamic and conventional banks will shift focus to maintain their asset quality over business expansion
UAE-based fintech Ziina secures $850,000 funding, launches payment app
The funding round for Ziina was led by San Francisco based Class 5 Global with participation from Samih Toukan’s Jabbar Internet Group
Opec Fund launches $100 million trade finance facility in Africa
Its trade finance facility aims to encourage import and export of strategic commodities and capital goods in Africa